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Bain closes $5.3bn Guidehouse deal; DC Advisory tips busy Q1; Vestar’s foodservice exit in focus

Morning Hubsters, Craig McGlashan here with the Thursday Wire.

Plenty going on this morning so let’s dive right in.

First up, Bain Capital has closed a $5.3 billion buyout.

Next, the first quarter of 2024 should be the busiest in dealmaking for 18 months, according to a new report from DC Advisory.

We then have a deep dive into Vestar’s exit from foodservice business Edward Don & Co.

Michael Schoeck then has a rundown of some of the biggest renewable energy deals this year, before we finish with a look at some more of the day's deals. 

Big close

Bain Capital has closed its buyout of Guidehouse, a McLean, Virginia-based provider of consulting and managed services to public sector and commercial clients. 

Upgrade to the premium version of the Wire for more on Guidehouse's growth and that of the wider management consultancy industry. 

Liftoff

DC Advisory has delivered a bit of pre-Christmas cheer for dealmakers, with the investment bank predicting that the first quarter of 2024 will be the busiest in M&A for 18 months.

Read more in the subscriber version of the Wire. 

Serving up

It’s lunchtime here in London so my stomach was grumbling reading Obey Martin Manayiti’s interview with Nikhil Bhat, a managing director and co-head of investments at Vestar, about how his firm grew foodservice business Edward Don & Co during the pandemic and then sold it to Sysco.

Check out the full interview for details on all of that.

Renewed interest

Also fresh on the Hub this morning is Michael Schoeck's rundown of some of the biggest renewable energy deals this year. Apollo, ArcLight, Blackstone, Brookfield, EnCap and other investors all feature.

Two for Thoma

It’s been a busy day for Thoma Bravo.

The software-focused private equity firm has agreed to make an investment in a content creation and distribution platform for investment research providers and a majority stake in a software-as-a-service company for planning and performance management.

OK that’s a wrap for me. Obey Martin Manayiti will be online tomorrow to take you through to the weekend.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

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