Dealmaking

Thoma Bravo ‘fired up about Europe,’ says founder Orlando Bravo; Ardian agrees majority stake in MasterGrid; CVC’s Genetic sale enterprise value

MasterGrid is a provider of maintenance services and manufacturer of equipment for critical electrical infrastructure.

Orlando Bravo: Europe to be Thoma Bravo’s fastest growing region

Under-digitization and fragmented software markets are all attractions, said Bravo and colleague Irina Hemmers.

The GP-led herd is missing the real opportunity

The market’s overreliance on single-asset deals has boxed out many of the situations that need liquidity most, writes Chris Lawrence of Labyrinth Capital Partners.

Sterling draws on operational savvy in sale of West Star Aviation to Greenbriar; PE firms still like pest control

Greenbriar Equity Group acquires West Star Aviation from the Sterling Group; why we’ve seen deals in the pest control services subsector over the past year; insights on the consumer sector from a panel last week at the ONE Houlihan Lokey Global Conference in New York.

Exclusive: Sterling Group sells West Star Aviation to Greenbriar in fourth exit of 2025

Sterling acquired West Star in early 2022 from Norwest Equity and grew the company with two add-on deals.

Dealmakers keen on defense and industrial tech, says Lincoln International; Operational improvements key under tariff uncertainty

The importance of operational value-add as a key driver of PE returns is clear, according to Alvarez & Marsal's Steffen Kroner.

Defense, industrial tech attract PE demand despite tariff uncertainty

'For manufacturing businesses, both strategic and financial buyers are more than ever focused on the volume growth rather than revenue growth of acquisition targets,' says Lincoln International's Guillaume Suizdak.

Investcorp nets 4x return on Resa Power; Blackstone to take TXNM Energy private in $11.5bn deal

Blackstone Infrastructure Partners’ announced acquisition of the largest New Mexico regulated utility provider; a recent exit by Investcorp of a power services company that we scooped was for sale earlier this year; another power services deal involving a Gryphon Investors portfolio company which announced an add-on of a Birmingham, Alabama electrical engineering firm.

Permira co-chiefs: The true impact of tariffs could take years to materialise

The buyout firm is 'watching very carefully' to understand the full impact of rapidly expanding tariff and trade controls, Brian Ruder and Dipan Patel tell PEI.

Investcorp’s Amit Gaind cites electrification, employee ownership for Resa Power’s 4x growth

Investcorp saw Resa Power‘s EBITDA grow to about $90m over the three-year hold thanks to a confluence of factors, including the ‘electrification of everything‘ trend.