Private equity deal news and insights from the London newsroom

AI valuations ‘miles ahead of’ regular tech, says Goodwin panel; Spring Statement gives ‘greater confidence’ to defense investors

Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.

We kick things off today with insights from a panel of partners from Goodwin’s London antitrust, capital markets, life sciences, commercial litigation, private equity, regulatory and technology practices. The panel discussed trends shaping 2025, which include artificial intelligence and weight loss drugs.

With the UK chancellor having delivered her Spring Statement yesterday, we take a look at what the announcement might mean for private markets. We have commentary from BVCA chief executive Michael Moore on that topic, focused on the defense segment.

Intense competition

This week, I joined a panel hosted by global law firm Goodwin, to hear what the firm considers to be the key forces driving industry and regulation.

To learn what the panelists consider the next "hot ticket" in life sciences and what the future of the IPO market looks like, take a look at the premium Wire here.

Greater confidence

The UK chancellor Rachel Reeves delivered her Spring Statement yesterday, one of the two statements HM Treasury makes each year to parliament upon publication of economic forecasts. So what was in there that might affect private markets?

Find out why British Private Equity & Venture Capital Association chief executive Michael Moore considers defense to be one sector to benefit from the changes by reading the full Wire coverage here.

That’s all from me. Michael Schoeck will bring you the US edition later today, while Sophie Rose covers for Irien Joseph tomorrow in London.

Cheers,

Nina

Read the full Wire commentary on PE Hub ...

Today's must reads

Also of note (may require subscriptions)

Arizona pension plan raises PE target allocation as it looks to capitalize on market: The decision to raise the target allocation was attributable to both the fund’s existing private equity allocation and in anticipation of a more favorable investment environment, according to the pension fund’s private equity adviser, NEPC. (Buyouts)

Resilience crash-lands at Heathrow: Does a hyperscaler’s data center have more built-in resilience than a regulated critical airport? (Infrastructure Investor)

M&G Real Estate to tap third-party capital for value-add strategy: This move comes as the firm approaches full deployment of capital from its first $900m international value-add strategy. (PERE)

Ardian’s Small: Cherry-picking strategy helps spur on firm’s returns. While Ardian wants to make sure it gets the best pricing in its deals, the most indicative link back to the returns it generates is 'not necessarily what we pay, but what we buy', senior managing director Wills Small said in a video interview. (Secondaries)

Decarbonization remains critical despite ESG backlash, say real estate managers: Market forces will keep sustainability on the agenda, according to attendees at the annual MIPIM conference. (New Private Markets)

“There’s been a lot for public equity investors to handle. An unprecedented sequence of shocks in the market.”

— Ariel White-Tsimikalis, partner, Goodwin, on whether IPOs are returning as a viable exit route for private equity

Today's letter was prepared by Nina Lindholm

Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article.

London | New York | Hong Kong | Tokyo | Sydney

PEI Group Ltd is registered in England no.6135779

Registered office: 5th Floor, 100 Wood Street, EC2V 7AN

To update your PE Hub email preferences, or to unsubscribe, click here.