1107 - Notes de cours 3 PDF

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Informations sur l'industrie du private equity au mois de Juillet...

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1107 16/07

Silver Lake-backed ServiceMax agrees to merge with SPAC, THL’s Megan Preiner talks investing in crowded healthcare market Happy Friday! We have a couple SPAC deals for ya. Silver Lake-backed ServiceMax agreed to a merger with Pathfinder Acquisition Corp, sponsored by HGGC and Industry Ventures. The SPAC deal values ServiceMax, which provides field service management software, at about $1.4 billion. And, CORE Industrial Partners-backed Fathom Digital Manufacturing Corp agreed to merge with a SPAC sponsored by HPS Investment Partners in a deal valued at about $1.5 billion. The transaction will be funded through a combination of Altimar Acquisition's cash in trust and an $80 million fully committed common stock PIPE at $10.00 per share. Read more here on PE Hub. Also, a bill that would exempt borrower information from state open records rules, which CalPERS needs to launch an in-house private lending program, died in a Senate committee this week. Part of the opposition to the bill focused on claims that CalPERS’ plans for the private credit program included the system making capital call loans. A CalPERS spokesperson told me the system hadn’t yet decided whether subscription lines of credit would be part of the program. Check it out here.

Today's must reads > Benford zooms in on the uncharted glass inspection market More... > THL’s Megan Preiner talks investing in a crowded healthcare market More... > Varsity Healthcare’s Probo Medical gears up for sale More... > Linden takes home the win for RQM+ at $385m valuation More... Stakes: Holding company Eldridge kicked in $150 million to back Investcorp’s GP stakes fund, which is targeting $750 million. With the Eldridge commitment, Investcorp has collected more than $400 million for the fund. Read more here on Buyouts. Gigantic: Hellman & Friedman closed its largest fund to date, hauling in $24.4 billion for its tenth fund after only six months in marketing. The firm, which is the largest investor in the fund with a $1.8 billion commitment, had quickly amassed most of the $20 billion target from existing investors early in the fundraising. Read more here on PEI.

Mega: Intel Corp is in talks to buy Mubadala Investment Co-backed GlobalFoundries Inc, according to the Wall Street Journal. The deal would value GlobalFoundries at about $30 billion, WSJ said. Read it here. PE Deals > CORE Industrial-backed Fathom Digital agrees to merge with HPS Investment SPAC in $1.5bn deal More... > Silver Lake-backed ServiceMax agrees to merge with HGGC, Industry Ventures SPAC Pathfinder More... > Carlyle-backed PrimeFlight buys Global Aviation Services More... > Huron-backed Pueblo acquires Infinity Contractors More... > Carlyle and Mubadala invest in Apex More... > Village Family Capital backs Portland burger chain More... > Nordic invests in Duco More... > Battle Investment and Capricorn Holdings buys Turbopower More... > PE-backed FMS Solutions buys GOT Systems More... > ASG buys Alice from Expedia More... > Blackstone to invest in AIG’s life and retirement business More... > HCAP funds 5th Kind More... > Avance backs UniVista More... > Brookfield Infrastructure sweetens Inter Pipeline bid: Reuters More... > Carson Group secures investment from Bain Capital More...

People > Goodwin taps new partner for PE practice More... > Oaktree taps Bowe to head ESG More... > Great Hill promotes two to managing director More... > Clearlake-backed Dude Solutions appoints chief people officer More...

> Brad Coppens joins InTandem Capital Partners as senior managing director More... > Crosspoint Capital hires Laura Grattan, Dan Stanko, in quick ramp up More... > Raymond James expands team with new hire More... > Vista appoints Wanstrath as corporate growth initiatives MD More... > Whalen to head Matrix’s new capital advisory investment banking group More... > Blue Owl appoints Dai to head investor relations More......