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The Wire

Private equity deal news and insights from the London newsroom

Jan 20, 2025

 

AnaCap in first Dutch deal; Easing UK mortgage rules ‘attractive’ to investors; Women in PE nominations open

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

 

The fragmented nature of the accounting sector has led to a steady stream of deals involving accounting businesses. We have a fresh one this morning, with AnaCap agreeing to take a majority stake in a Dutch accountancy services provider.

 

Next, we explore what potentially easing UK mortgage rules might mean for private equity dealmaking, as Elliot Reader, a senior vice president in Houlihan Lokey’s fintech group, tells us his thoughts on the matter.

 

We’ll finish with a call for nominations for Buyouts and PE Hub’s annual Women in Private Equity feature.

 

First of many

AnaCap has just made its first deal in the Netherlands, as it has agreed to acquire a majority stake in DK Accountants & Adviseurs, an accountancy services provider.

 

For more on the deal, check out the full Wire coverage here.

 

Knock-on effect

UK regulator the Financial Conduct Authority (FCA) announced on Friday it will investigate ways to simplify mortgage rules brought in following the 2008 financial crisis. The potential loosening of rules isn’t just good news for those looking to buy a home. The change could make the UK housing market more attractive to investors by increasing lending and facilitating more transactions, according to Elliot Reader, senior vice president in Houlihan Lokey’s fintech group.

 

For Reader's full commentary, take a look at the premium Wire coverage here.

 

Women in PE

Buyouts and PE Hub are pleased to fire up the nominations process for our annual Women in Private Equity feature, which will run in Buyouts’ April issue and on the Buyouts and PE Hub websites.

 

This year, we’re calling for recommendations of women that you believe have excelled as leaders, innovated, executed on novel strategic visions or otherwise pushed the industry’s boundaries, giving us the market we have today, and shaping the market we’ll have tomorrow.

 

Nominations should include short bios of the candidate that include accomplishments both in their professional career as well as a snapshot of activities outside of work. Tell us why you think they stand out in the industry. Please note that candidates may recommend themselves.

 

If you know anyone who you think should be considered – no matter the industry role – please enter your recommendation here by February 14.

 

You can check out past coverage here.

 

That’s all from me this morning. Please note that there will be no US edition of the Wire today, as the New York office is closed in observance of Martin Luther King Jr Day. Tomorrow, Craig McGlashan is on Europe Wire duty and Obey Martin Manayiti will write the US edition.

 

Cheer,

Nina

 

 

Read the full Wire commentary on PE Hub ...

Today's must reads

> Women in PE: Honoring leaders and innovators across the industry More...
> Medical genetics: 5 PE-backed deals More...
> 10 deals in the live entertainment sector: PE sees opportunity ahead More...
> AEI's CDI investment: Seven divestitures, zero add-ons and reported 25x return More...
> Exclusive: InTandem buys RCM vendor manager Healthfuse More...

Also of note (may require subscriptions)

 

High-profile exits offer glimmer of hope for APAC PE: Evidence of a thawing exit environment could help restore some confidence to LPs that remain sceptical of the region, and unlock capital to back new funds. (Private Equity International)

 

DOJ, KKR exchange lawsuits over antitrust violations: Outgoing Biden administration says private equity titan 'systemically flouted' laws; KKR accuses DOJ of 'overreach.' (Buyouts)

 

Why inequality will be a talking point in 2025: Rising wealth and income inequality has implications for investors; forward-looking managers will understand and address this. (New Private Markets)

 

Trump’s FTC to strike a new tone: Market observers expect a friendlier approach towards private equity and M&A from the FTC of a second Trump Administration, but GPs still shouldn’t expect lax antitrust enforcement. (Private Funds CFO)

 

Partners Group eyes H1 2025 launch for joint evergreen model with BlackRock: The firm launched seven new evergreen funds in 2024, head of portfolio solutions Roberto Cagnati said during its business update and outlook call. (Private Debt Investor)

Deals

> AnaCap agrees to buy majority stake in DK Accountants & Adviseurs More...
> Audax-backed Justrite Safety Group snaps up manufacturer Global Spill and Safety More...
> Incline Equity Partners invests in environmental air testing services firm Mostardi Platt More...
> Del Monte Capital invests in Cornerstone companies More...
> Goldman Sachs-backed GridStor acquires Oklahoma battery storage project from Black Mountain Energy Storage More...
> Monument MicroCap-backed Kelly Roofing snaps up Integrity Roofing & Gutters More...
People
> BGF makes number of partner appointments More...
> Star Mountain Capital appoints Matthew as senior advisor More...
> Manulife Investment Management taps Hanna as private markets global COO More...

They said it

“This represents one of the first investments in our latest flagship fund with a number of other transactions already under exclusivity and progressing well towards the signing stage.”

— Nassim Cherchali, managing partner, AnaCap

 

Today's letter was prepared by Nina Lindholm

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