BETA The Capitalization Report v21.01.07 Reblog – 10 standout Europen deals that shaped 2020 by Pitchbook

RHC family of funds is happy to share data and research with accredited invetors. Contact JD Morris via this on LinkedIn: https://www.linkedin.com/in/admin4jdm/

KEYWORDS: Worldline,  Ingenico, Nexi, Takeaway.com, eBay, Thyssenkrupp, Advent International, Cinven, Liberty Steel, KKR, Viridor, Pennon, SoftBank, Arm, Nvidia, WeWork, Borsa Italiana, Refinitiv,  Deutsche Boerse, Six, RSA Group, Intact Financial, Tryg, Bain Capital, Ellie Mae, Walmart,  Asda,  Sainsbury‘s,  Apollo Global Management, Lone Star, TDR Capital, G4S, GardaWorld,

REBLOG PITCHBOOK

Clearly, 2020 was never going to be a normal year for M&A activity in the face of a global pandemic. Nevertheless, there have been some standout transactions. When it comes to deals worth $5 billion or more, activity has been decidedly lumpy this year, with a notable fallow period between March and September. Many of the major deals in the year’s cohort speak to broader economic and industry trends—not all of them COVID-related. This list, while not comprehensive, looks at some of the key European themes at play over the past 12 months.

Last-minute deliveries

Takeaway.com secured its £6 billion (around $7.9 billion) acquisition of its rival Just Eat in January, following prolonged bidding with rival suitor Prosus that had begun the previous July with Takeaway’s initial bid. The deal, which created the continent’s largest food delivery company, got the final nod from regulators in April. It was a bitter loss for Prosus, which made three separate cash offers before it had to concede defeat. The Dutch-listed tech company was also beaten to the punch by Norway’s Adevinta in July when it had tried to buy eBay‘s classifieds unit in what was eventually a $9 billion deal.

Payments giants

French payments company Worldline agreed to buy its rival Ingenico without too much fanfare in February. The €7.8 billion (around $9.5 billion) deal, which created the fourth-largest payment services provider in the world, was one of the last major European deals to be announced before the pandemic forced widespread lockdowns. The deal closed in October, and just a month later, Italian digital payments company Nexi, itself the product of several mergers, agreed to buys its Danish rival Nets in another €7.8 billion deal.

Link to Article: https://pitchbook.com/news/articles/10-standout-european-deals-that-shaped-2020

DATA: Analysis of Public PE Firm Earnings: Q3 2020

JD Morris is always looking for accredited investors to funds to co-invest with us in funds, companies, and moonshot deals. We are happy to meet with people and share our data and resarch such as from Pitchbook’s Analysis of Public PE Firm Earnings: Q3 2020

Overview of Analysis of Public PE Firm Earnings: Q3 2020is provided by Pitchbook

• The five largest publicly traded PE firms posted healthy performance
numbers for their PE strategies. Blackstone and KKR posted doubledigit gains in the quarter. Most of these managers’ funds have positive
performance on the year now, and this healthy recovery is likely a sign to
come for other managers that report later.
• Concentrated investments among a few key themes including technology
and life sciences drove performance figures for Blackstone and KKR. These
managers credited tech investments as the primary drivers of returns in the
quarter. All five firms discussed how they were approaching investments in
high-growth areas of the economy, although some have been more bullish
on these concentrated bets than others. Going forward, it seems as if these
managers will continue to allocate as much or more capital to high-growth
sectors.
• Permanent capital was a principal talking point again this quarter. While
KKR, Carlyle, and Ares seem focused on trying to replicate a similar strategy
that has proven effective at Apollo with insurance assets, Blackstone is
deviating. The largest private capital manager is rolling over a $14.6 billion
real estate holding into a new perpetual life vehicle that could prove to be a
method of growing permanent capital that others may follow.

Again, we are happy to meet with accredited investors and fund to explore deal flow sharing and co-investing.

BETA: M&A by The Capitalization Report v20.11.05

Last month saw the following numbers for M&A based on our database system:

385 M&A deals

295 Exits

$20 Billion in capital invested

$3.85 Billion Largest Deal

More than 70% of the deals where by corprations with strategic M&A vs. private equity deals. Here are some samples of deals done by private equity and asset management companies:

KKR invested $100 million in RVshare on October 21, 2020 and co-invested with 8 other groups in GetYourGuide on October 29, 2020 for total of $134.2 million invested.

HarbourVest Partners invested $52.5 million in FiveStars on October 15, 2020

Oaktree Capital Management lead the investment round of $3.82 billion in Dewan Housing Finance Corp with three investors, they invested $29.04 million in Trofa Saude on October 9, 2020.

KEYWORDS: KKR, RVshare, GetYourGuide, HarbourVest Partners, FiveStars, Oaktree Capital Management, Dewan Housing Finance Corp, Trofa Saude

DISCLOSURE: Information is provide by 3rd party providers of and has not been confirmed by the source or companies.

BETA The Capitalization Report v20.01.31

Janngo Unicorn

“Capitalization should always result in a return for investors with the goal of improving humanity” – J20.01.31.16P

FUND NEWS

  1. KKR, a global investment firm, closed a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe and Israel
  2. Ribbit Capital, a Palo Alto, CA-based fintech-focused venture capital firm, is raising $420m for its sixth fund;
  3. Circulate Capital, a Singapore-based investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic in South and Southeast Asia (SSEA), held the first close of the US$106m Circulate Capital Ocean Fund;
  4. Prime Movers Lab, a Jackson, Wyo.-based partnership that invests in breakthrough scientific startups, raised approximately $100m for its first early-stage fund;
  5. Bloc Ventures Limited, a London, UK-based venture capital firm focused on European early-stage deep technology investment, raised over £20m in equity funding
  6. Ardian, a private investment firm, raised €3bn from investors for its fourth-generation private debt platform to provide financing to mid-market companies across Europe
  7.  Janngo,  based in Abidjan, Cote D’lvoire has launched a €60m venture capital fund dedicated to financing tech-enabled startup accelerating progress towards the Sustainable Development Goals (SDGs) in Africa

FUND PRESS RELEASE

SILICON SLOPES, UtahJan. 30, 2020 /PRNewswire/ — Today at the Silicon Slopes Tech Summit, attended by more than 25,000 people in just its fourth year, The Silicon Slopes Venture Fund was launched as a way to better support Utah’s technology entrepreneurs. It will also provide a way to ensure additional long-term funding for Silicon Slopes, the non-profit organization that serves Utah’s booming tech community. The Silicon Slopes Venture Fund was created by Qualtrics co-founder and CEO Ryan Smith, Omniture co-founder and Domo founder and CEO Josh James and Pelion Venture Partners General Partner Jeff Kearl.

Read More: https://www.prnewswire.com/news-releases/utah-tech-community-launches-silicon-slopes-ventures-300996454.html

NOTE: For more information, our general email is JD@InvestorNetworkbyJD.com about fund and fund of fund new. This is an educational blog and is not providing investment advice.  Most people consult experts such as your lawyer, accountant, or other professionals for advice. The information provided forms 3rd party or company websites and may contain false information.  Check with the source as this posting is not updated or corrected.  Please consult us at jd@investornetworkbyjd.com for a more full list of our disclaimers and disclosures.

IN Pipeline 20181022 M&A

DEALS WE LIKE:  Blackstone Group has agreed a deal to acquire Ulterra Drilling Technologies, a manufacturer of drill bits and downhole tools for the oil and gas industry, for around $700 million, two sources familiar with the matter said.

Blackstone

** European Union antitrust regulators will rule by Nov. 27 whether to clear U.S. battery maker Energizer Holdings’ $2-billion bid for Spectrum Brands’ battery and portable lighting business.

** American Railcar Industries Inc, majority-owned by billionaire investor Carl Icahn, is selling itself to ITE Rail Fund in a $1.75 billion deal including debt, the company said.

** The head of Telefonica Deutschland called for EU regulators to block Vodafone’s planned acquisition of Liberty Global, saying it would lead to a “quasi-monopolisation” of the German cable TV market.

Continue reading “IN Pipeline 20181022 M&A”

M&A IN Pipeline 20181008

KKR

** KKR & Co has launched a A$1.75 billion ($1.24 billion) takeover offer for MYOB Group after buying almost a fifth of the Australian accounting software provider, as the U.S. private equity firm grows its portfolio of tech businesses.

** Czech lender Moneta Money Bank announced plans on Monday to acquire domestic peer Air Bank and other assets in one of the largest deals in the Czech banking sector in recent years.

** Orsted, the world’s largest offshore wind developer, said it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.

** Britain’s largest listed insurer Prudential Plc is eager to make acquisitions in Asia and is eyeing distribution partnerships with banks in countries including Indonesia and Vietnam to boost growth, its Asia chief executive said.

** Australian Unity Office Fund said that funds managed by Starwood Capital Asia Ltd raised their buyout offer for the real estate investment trust for a third time, making the deal potentially worth A$480.4 million ($338.9 million).

** Asset manager Schroders Plc and Lloyds Banking Group said on Sunday they were in discussions over a wealth management alliance.

** Britain has sought additional reassurances from cable company Comcast over the editorial independence of the Sky News television channel following the U.S. group’s takeover of broadcaster Sky.

** France would block any moves by a foreign power to gain control of ADP, the airports company whose possible privatization has been approved by the government, Finance Minster Bruno Le Maire said. (Compiled by Aakash Jagadeesh Babu in Bengaluru)

** The European Commission approved without any conditions the acquisition of Swedish Com Hem telecoms services provider by rival Tele2.

** AlixPartners, the interim manager of Abraaj’s $1 billion healthcare fund, has decided to redistribute the troubled private equity firm’s stake in the fund to its other investors, sources familiar with the matter said.

** Apollo Global Management LLC said that it agreed to buy about $1 billion portfolio of equity investments in energy assets from General Electric’s finance arm GE Capital.

** EU antitrust regulators are set to approve Microsoft’s $7.5 billion bid for coding website GitHub without demanding concessions, two people familiar with the matter

** Jose Seripieri Filho, a shareholder and founder of Brazilian healthcare insurer Qualicorp SA, has pledged to acquire at least 150 million reais ($39.1 million) worth of the company’s shares, the firm said.

** Deep-sea oil driller Ensco Plc said it would buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to increase its rig count and benefit from Rowan’s joint venture with Saudi Aramco.

** BNP Paribas, France’s largest listed bank, said that it plans to sell part of its 22 percent stake in Indian insurer SBI Life over the coming quarters as local regulation requires a larger free-float for SBI Life.

** China’s Evergrande Health Industry Group Ltd shares slumped, on news it was being sued by electric vehicle (EV) start-up Faraday Future for failing to make a payment and that Faraday was looking to scrap a deal to sell a stake.

** French hospital operator Ramsay Generale de Sante raised its cash bid for Sweden’s Capio by almost 20 percent, valuing the company at around 8.19 billion crowns ($903 million).

** A wealth management tie-up between Schroders and Lloyds would give the asset manager access to the distribution network of Britain’s biggest bank, which would gain investment skills and greater diversification, analysts said.

** Baker Hughes, the world’s second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company’s (ADNOC) drilling unit for $550 million under a tie-up.

DISCLAIMER: This is a beta blog.  The information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website or venture capital firm for a press release as this is a beta blog that does not update information.

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Here are a few private deals of interest:

• KKR invested $172 million in Cherwell Software, a Colorado Springs, Colo.-based  ITSM platform. In February 2017, KKR previously made a $50 million investment in the firm.

• Wind River, an Almaeda, Calif.-based software provider to the embedded systems world, was acquired by TPG from Intel.

• Blue Wolf Capital Partners acquired a majority stake in The State Group,a Toronto-based industrial service contractor. Yellow Point Equity Partners has a minority investment. Financial terms weren’t disclosed.

• Azuga, a San Jose, California-based a provider of connected vehicle and fleet technologies, gained a majority investment from Sumeru Equity Partners. Financial terms weren’t disclosed.

• AeroCisiona Chester, Conn.-based provider of aerospace engine components, was acquired by Liberty Hall Capital Partners. AeroCision will be integrated into portfolio company Bromford Industries. Financial terms weren’t disclosed.

• Owen & Co., a Toronto-based portfolio company of Novacap mattress maker, merged with sister company Kingsdown. Financial terms weren’t disclosed.

• ATA RiskStation, a Dallas-based provider of cloud-based portfolio risk analytics, gained an investment from Caruth Capital Partners. Financial terms weren’t disclosed.

• Conga, a Chicago-based portfolio company of Salesforce Ventures and Insight Venture Partners, acquired Counselytics, a New York City-based firm using AI analytics on emails, invoices, and more. Financial terms weren’t disclosed.

• Kian Capital recapitalized The Retrofit Source, an Atlanta-based automotive lighting maker. Financial terms weren’t disclosed.

• Prairie Capital recapitalized Family Allergy & Asthma, a consortium of allergists in Kentucky and Indiana. Financial terms weren’t disclosed.

 Texas Hydraulics, a portfolio company of Wynnchurch Capital, acquired The Oilgear Company, a Traverse City, Mich.-based provider of hydraulic pumps and valves. Financial terms weren’t disclosed.

• Sorenson Capital and Webster Capital recapitalized Home Brands Group Holdings, a Phoenix-based bathroom remodelling franchise. Financial terms weren’t disclosed.

• Bain Capital Private Equity acquired World Wide Packaging,  Florham Park, N.J.-based provider of cosmetic packaging components. Financial terms weren’t disclosed.

• Davey Coach Sales, a portfolio company of Progress Equity Partners, acquired Intermountain Coach, a Colorado Springs-based dealer of mid-sized buses. Financial terms weren’t disclosed.

• PPC Partners acquired C.H. Guenther & Son, a San Antonio, T.X.-based private label food maker. Financial terms weren’t disclosed.

 

DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.

Happy Investing and Networking,

Investor Network by JD

Investor Network by JD