Permanent capital specialist Kudu Investment Management owns stakes in at least nine alternative asset managers, including private equity, private credit and venture capital.
ArchiMed and Warburg Pincus have agreed to sell the France-headquartered business to life science group Sartorius for approximately €2.4bn.
PEI asks what has unblocked the deal pipeline and explores how firms are getting transactions across the line.
PE firms are investing in businesses plugging the gaps caused by a declining and ageing population, such as those providing staffing, health and elderly care services.
Tender offers plus staples can be a powerful tool to provide liquidity to cash-strapped LPs.
Though China remains the biggest PE market in APAC, other countries are getting a bigger share of dealmaking as investors look to diversify geographically, according to Bain & Co’s Asia-Pacific Private Equity Report 2023.
The lag in private equity reporting, differences in valuation methods and volatile macro environment will dictate the asset class’s performance in 2023, says McKinsey partner Brian Vickery.
Last year saw a fall-off in deal activity; whether this persists in 2023 will be determined by how macro forces stabilise, says Bain & Co’s global PE chief.
Debt maturity is another concern for sponsors, says Lincoln International MD Richard Olson.
The asset manager will pursue yuan-denominated LP-led and GP-led transactions from a discretionary pool of client capital, Asia co-head Mingchen Xia tells PEI.