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SURVEY
The coming six months will bring increasingly stiff competition for more private equity deals at higher prices that demand larger fund sizes, going beyond the significant rebound that had been reported six months ago, according to the autumn 2021 edition of the DealCloud Dealmaker Pulse Survey Report by Intapp.
PARTNER FEATURE
Private equity professionals are facing a more specialised and competitive market than ever. GPs are reviewing more deal opportunities, conducting more due diligence, and giving more fundraising pitches than ever before. Whether it’s identifying potential investments, or explaining their strategy to investors, PE professionals’ need for instantly actionable sources of deep intelligence and analysis is outstripping the ability of legacy data to keep up.
FUNDRAISING
HSBC Asset Management has held the final closing of its second directly-managed secondaries fund, Private Equity Opportunities II (PE Opps II), which launched in August 2021.
INVESTMENT
Lyre’s, a non-alcoholic spirits brand, has completed a GBP20 million funding round, valuing the business at GBP270 million (post money), extending its position as the most valuable brand in the no/low alcohol category worldwide.
DEAL
Sika is to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of EUR5.2 billion.
INTERVIEW
When venture capital investor Kate Bingham was appointed to lead the UK’s coronavirus vaccine procurement effort in May 2020, Prime Minister Boris Johnson tasked her with delivering “speed, not perfection”.
By December that year, the UK had approved its first Covid-19 vaccine, developed by Pfizer/BioNTech.
Since then, 80 per cent of the UK population over the age of 12 have received at least one vaccine, and the jabs are working “much better than anyone expected”.
“To get any vaccine from identification of pathogen through to a vaccine, the quickest historically has been five years, but that was 50 years ago,” says
GUEST ARTICLE
By Andrew Millar (pictured), Corporate Partner, Shoosmiths – Private equity interest in the UK’s property sector continues to see exponential growth. McCarthy & Stone, St Modwen Properties and Sigma Capita were just a few of the UK companies acquired by private equity investors in 2021. This pool of capital continues to flood the nation’s housebuilding sector and some of the biggest players in it.
With reports indicating that Bridgepoint is putting Miller Homes up for sale for over GBP1 billion, compared to the GBP650 million it paid in 2017, it is perhaps unsurprising that private equity is increasingly recognising that UK
EXIT
Clayton, Dubilier & Rice has completed the sale of Solenis, a leading global supplier of specialty chemicals and services forwater treatment applications, to Platinum Equity.
DEAL
McAfee Corp (McAfee), a specialist in online protection, is to be acquired by an investor group led by Advent International Corporation (Advent) and Permira Advisers (Permira), Crosspoint Capital Partners (Crosspoint Capital), Canada Pension Plan Investment Board (CPP Investments), GIC Private Limited (GIC), and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
ESG
Ensuring Private Equity firms set Science Based Targets as part of their commitment to decarbonise their portfolios is crucial to achieving net zero, as private equity-backed companies represent an ever-larger part of the world’s economy.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
