Cinven

Capital raised in Q1 2024 surpassed $176bn, a slight decrease on previous years, according to preliminary quarterly figures from PEI data.

The pace of deal-making recently is notable and it’s the distinct nature of insurance that’s especially enticing, write lawyers from Debevoise.

Sector-focused firms say they sit in an advantageous position with dry powder to deploy in a rising rate environment.

The firm gathered €1.5bn for its fund dedicated to the strategy, which will mainly target platform acquisitions in mid-market Europe.

For GPs, teaming up with strategic buyers and tapping assets on smaller listed indices could lead to an increase in public-to-private deals over the next year, say industry practitioners.

Mega buyouts made up nearly a third of total investment value for the period and was the only investment stage that grew annually, according to a report from Invest Europe.

The private equity industry must decide how its long-established fiduciary duty fits with a crisis like this.

Public-to-private deals will be difficult to execute in the short term with publicly traded companies having less visibility on revenues, says Investec’s head of PE client group.