Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
Exits are the starting point today, as TA Associates agrees to sell a majority stake in a biotech ingredients company to Astorg.
Next, we switch to tech, where Palatine has acquired a majority stake in an experience intelligence and AI services provider.
Sticking with tech to finish, Kim Furlong, chief executive officer of the Canadian Venture Capital & Private Equity Association, adds to the discussion we had yesterday on potential winners and losers in the industry in the face of US tariffs.
Sponsor exit
Astorg has agreed to buy a majority stake in Solabia Group, a global biotechnology ingredients provider, from TA Associates. TA will reinvest.
Read more about the growth plans for the company in the premium version of the Wire.
Early add-ons
Palatine has acquired a majority stake in Atombit Group, an experience intelligence and AI services provider.
Alongside the investment, London-based Atombit has made three strategic acquisitions. Read the details in the premium version of the Wire.
‘Different place’
Yesterday we took a deep look at what the US government’s imposition of tariffs could mean for the software sector, as Sascha Pfeiffer, managing director and global head of technology at investment bank Houlihan Lokey, talked us through potential winners and losers and whether valuations and bids were taking a hit.
It’s a sector that on face value should be immune from tariffs, given it’s based on intellectual property and services, rather than the main focus of the levies so far: goods. But the nuances there are something that affiliate titles Private Funds CFO and Buyouts discussed with Kim Furlong, chief executive officer of the Canadian Venture Capital & Private Equity Association, this week.
Read Furlong's views in the premium version of the Wire.
We’d love to get readers’ opinions on the effect of tariffs on sub-sectors across all industries. Get in touch with me to chat on background at [email protected].
That’s everything from me today. Rafael Canton will write to you from New York later today, while Nina Lindholm is on Europe duty tomorrow.
Cheers,
Craig
Read the full Wire commentary on PE Hub ...
