Privitas

How will @MubadalaCapital run CI Financial, the #wealthmanagement firm and consultancy it valued at $8.7 billion? It may be relatively hands-off. privitas.com/mubadala-plans… Plus: We explore the link between #fundraising and the rise in wealth management portcos and outline portco M&A and exits from last week.

Privitas’ “Portco IQ Report: Technology 2024” found a negative correlation between employee happiness and financial performance. Why? privitas.com/could-unhappy-… #PE #privateequity #layoffs #tech #technology

Cinven beat out @GrantThorntonUS, @eqt, and more for the deal. privitas.com/cinven-settles… Plus: We wonder why on earth PE firms would buy chain restaurants and outline portco M&A and exits from last week (such as those from @Vista_Equity, @adventintl, and more). #PE #investing #investment

Our latest report is out: Introducing "Portco IQ: Technology 2024". privitas.com/technology-2024 This 27-page report, using data from our soon-to-be-launched proprietary Portco IQ Index, benchmarks a sample of recently-exited #PE-backed #technology portcos across four dimensions: financial performance, operational efficiency, market positioning, and talent and governance. Download the excerpt or inquire about membership for full access.

According to Privitas’ “Portco IQ Report: Technology 2024”, 80% of Grade B and C tech exits were sponsor-to-sponsor, while only 25% of Grade A ones were. privitas.com/top-tech-exits…

This week's Value Add: How will @KKR_Co implement its #edtech playbook at @Instructure? privitas.com/kkrs-next-chap… Plus: We argue why #ESG needs to remain core to operations (even during a #Trump presidency) and outline portco M&A and exits from last week.

After a 2022-23 slump, the exit resurgence is underway. However, the way in which sponsors exit has been markedly different – especially with portcos worth over $100 million. privitas.com/exits-are-back… Read coverage of our first report using our proprietary database, the Portco IQ Index — to launch in the coming weeks.

As you may have noticed, the Value Add brand is gone from our socials. That's because... we're rebranding! Goodbye Value Add, hello Privitas. Privitas will be our new name going forward, launching today, as a business intelligence firm for private equity operations. Our new offerings include: Portco IQ Index - A new flagship study benchmarking the performance of PE-backed companies across five dimensions (financials, operations, market, talent, and governance). Research Reports - Privitas will publish 20+ in-depth reports annually that are industry- and region-specific, as well as cross-sector intelligence reports. Proprietary Database - Look up estimates of key KPIs for previous PE-backed exits using our new database which will be launching soon. To learn more about these new offerings, which are available to enterprise members only, please email us at contact@privitas.com. The Value Add brand will live on as the title of our weekly newsletter, “Value Add from Privitas,” which will still examine weekly deals and the operational strategies behind them. Thank you for supporting Value Add these past 18 months – we can’t wait to see what this new chapter holds for Privitas. valueaddpe.com/goodbye-value-…

To #PE or not to PE? That's the data center question, especially for @BainCapital's deal with Aquila Group. valueaddpe.com/european-data-… Plus: The @NFL's @BuffaloBills eyes Arctos investment, @CVC_Capital joins @KKR_Co on Superstruct Entertainment, and Shore Capital and @silverlake_news talk pet care.

.@eqt has formed a #PE consortium with @cppinvestments and @neubergerberman to acquire @NAEducation firm at $14.5 billion. We take a look at #privateequity in #education and how EQT's past assets in the space created value. valueaddpe.com/will-eqt-get-s… Plus: @thomabravo buys @Secureworks via portco @Sophos, @vinted reaches $5.4B valuation, and @OneCarlyle's operations expertise.

It's been a long battle for @CDRBuilds to acquire @sanofi's #consumer #healthcare business, Opella -- and to French unions, the battle isn't over yet, even if the government has entered into exclusive negotiations for the €16 billion deal. valueaddpe.com/union-backlash… Plus: @squarespace and @Zuora go private, @IngramMicroInc goes public, and @blackstone and @tpg work on a joint bid for @BauschLomb.

.@apolloglobal is taking @BarnesNext private for $3.6 billion. valueaddpe.com/apollo-shoots-… Plus: @ButterflyEquity takes @duckhornwine private, Strategic Value Partners buys @VistaOutdoorInc ’s sporting goods business, and @CDRBuilds beats out @PAIpartners for a stake in @sanofi's Opella.

Family offices have emerged as a worthy competitor to #PE for talent, #capital, and assets. How is the competition impacting the actual management of assets? By @xisabelobrienx valueaddpe.com/the-unexpected…

One of the best examples of private equity supporting digital transformation in a portfolio company is @LGP_LP and @CVC_Capital's ownership of @BJsWholesale between 2011 and 2018. valueaddpe.com/bjs-wholesale-… #Digital was a key component of the value creation plan, with BJ’s launching a #B2B #ecommerce platform in 2017 that helped the company appeal to higher-paying business customers. The company also launched a #mobile app around this time and hired a new Chief Information Officer as well as its first Chief Digital Officer.

Large-cap #PE firm @tpg is offering $7.6B to buy the remaining 70% stake in @DIRECTV from @ATT. Once merged with @dish, it'll be the largest US pay-TV service. valueaddpe.com/tpgs-7-6b-acqu… Plus: TPG eyes three other deals, @clearlake and Francisco Partners team up for @BlackDuck_SW, and @ares_management bets on the #NFL team @MiamiDolphins.

The oft-cited fact stems from a study of pre-#GFC data – in recent years, the opposite was true. But post-#Covid, things have started to backslide… especially in two key sectors. valueaddpe.com/are-pe-backed-… #bankruptcy #chapter11 #PE

Why is M&A slowing down for #PE-backed companies? @KPMG found that the leading factor is the decision to prioritize organic growth. The suggestion is that, in the current economic environment, operational improvements have become more important than other forms of value creation. Read more: valueaddpe.com/tpg-launches-w…