Financial services

While essential blue-collar services have been valued at lower multiples than white-collar services like legal or accounting, that situation is starting to shift, says Haarmann.

Stone Point and CPP Investments will acquire a stake from existing shareholders that include Onex Partners.

The Public Sector Pension Investment Board and Ardian are also participating in the investment.

IK, in September, agreed to buy parts of PwC Norway’s audit, consulting and tax and legal services.

IK Partners, Cinven and General Atlantic are among firms making investments in the audit and accounting sector.

The PE deal community is reacting to the Federal Reserve’s modest interest rate cut, and the sentiment is generally positive; a deep dive on Riverspan Partners’ acquisition of an industrial fasteners and fittings company; our regular companies-for-sale update.

The seller was ARMStrong Receivable Management, a portfolio company of BharCap Partners.

Varley will support Warburg’s European industrials and business services group.

ECLA and Cabinet Joël Pruvost are accounting firms.

Fitz is a fund fees and expense data provider.