Bridge Growth’s Alok Singh s ays strategics are in the dri ver’s seat as the firm comple tes sale of Accedian to Cisco

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Bridge Growth’s Alok Singh says strategics are in the driver’s seat as the firm completes sale of Accedian to Cisco

Good morning, Hubsters. MK Flynn here with the Wire.

Let the fourth quarter begin! Many of you have told us that dealflow will pick up this quarter, and we’re on the lookout for evidence of that.

Bridge Growth Partners kicked off the morning by announcing the closing of its sale of Accedian to Cisco. I’ve got an interview with Alok Singh, the PE firm’s co-founder and CEO, about the opportunities for tech companies in Q4.

In other deals announced this morning: Chicago’s Hughes & Company is backing a healthcare data management provider; and Boston’s Bain Capital is marking its first investment in Vietnam.

We’re also featuring senior reporter Michael Schoeck’s story about AEA Investors’ pursuit of add-ons for its portfolio company SiteLogIQ. Michael spoke with AEA principal Anneka Kamel about the strategy.

Strategics in the driver’s seat

Bridge Growth Partners, a technology-focused investment firm based in New York, is announcing this morning the completion of its sale of Accedian, a Montreal-based network performance specialist, to Cisco, the San Jose-based tech giant known for networking equipment and services.

I interviewed Alok Singh, CEO and co-founder of Bridge Growth, to get his thoughts on the sale process and making an exit in today’s challenging dealmaking environment.

Upgrade to the premium version of the Wire to read the interview.

Fast charging

Following its expansion into the fast-growing electric vehicle charging market earlier this year via acquisition, energy services provider SiteLogIQ and sponsor AEA Investors are in active dialogues with add-on deal targets aimed at offering more services that lower customers’ carbon footprints, Anneka Kamel, a principal in AEA’s middle-market private equity group, told PE Hub’s Michael Schoeck.

Upgrade to read the story.

New deals

PE Hub Europe’s Irien Joseph has been doing double duty lately, covering a steady stream of PE deals with European targets as well as those with North American ones, as she’s filling in for Iris Dorbian, who’s on vacation.

Here’s a quick look at a couple of North American deals Irien reported on this morning:

Hughes & Company has made a strategic investment in Health Data Innovations (HDI), a healthcare data integration software provider.

Boston’s Bain Capital has agreed to invest at least $200 million in equity capital in Masan Group, based in Ho Chi Minh City. The deal marks Bain Capital’s first investment in Vietnam. The Boston PE firm said the deal “underscores its confidence in Masan's ability to realize the immense opportunity to fulfill 100 million Vietnamese consumers' daily grocery, financial, and other life needs.”

On that note, I’ll sign off for the day. I’d love to hear your forecast for dealflow in Q4. Feel free to reach out to me at [email protected].

PE Hub Europe’s Craig McGlashan will be with you tomorrow.

Happy dealmaking,

MK

Read the full Wire commentary on PE Hub ...

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