Dealmaking

LS Power sells $12bn power generation portfolio to NRG; TSG among PE firms picking up gym chains

Highlighting a $12 billion deal involving LS Power Equity Advisors selling a natural gas power and virtual power plant portfolio to a strategic buyer; private firms are also building their investment strategies in fitness and gym brands, and we’ll look at a new deal with TSG Consumer Partners.

Axiom Asia leaning deeper into region’s ‘smaller than expected’ secondaries market

The fund of funds specialist's next Opportunity fund may include an ex-China sidecar to reflect shifting LP appetites, managing partner Alex Sao Wei Lee tells PEI.

Goldman rolls out AI education for portco CEOs; GTCR backs UK insurance broker; Partners Group in for Singapore data center biz

GTCR has agreed to acquire JMG Group, a UK-based insurance broker, in partnership with existing investor Synova.

Goldman Sachs bringing AI education program to portco bosses

'If you look at technology spending globally, it's not increasing significantly. That means that AI is crowding out other investments,' Lou D’Ambrosio, head of GS Value Accelerator, told PE Hub.

Nordic, Riverside and others back CTMS developers; Orlando Bravo recalls being told private equity was 'taken' back in 1998

Why private equity firms are investing in clinical trial management systems

Nordic Capital and Riverside see investment opportunities in interoperability, automation and compliance software for global clinical trials.

Sky Leasing sets a new vision for JetBlue Ventures

The aviation investment manager plans to raise a new fund that will build on JetBlue Ventures’ existing portfolio and expand founders’ access to more strategic relationships around the world.

Spanish M&A momentum to pick up, say dealmakers; Riverside-backed BioDue in add-on

Riverside-backed BioDue has agreed to acquire Venture Life Group’s (VLG) contract development and manufacturing organization business unit, which comprises Biokosmes and Rolf Kullgren.

PE optimistic on Spain amid strong economic momentum and tourism appeal

'The anticipated shift towards more favorable regulatory conditions, both domestically and at the European level, is expected to support greater economic fluidity,' said Mutares' San Antonio Alonso.

Astorg, BayPine, Blackstone bet on pharma CRO tailwinds; Frazier Healthcare Partners heads east with New York office opening

A roundup of five deals to showcase the scaling potential for investments in the pharma contract research organizations space; Seattle-based Frazier Healthcare Partners is aiming to scale up their businesses with the opening of a New York office this summer, and PE Hub, as part of its Dealmakers to Watch series, speaks with office head Philip Zaorski about how an East Coast office will help the firm; looking at several deals covered by PE Hub in the mental health space.