Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
Supply chain management has been in vogue over the last few years, thanks to both disruption as well as a focus on ethical and environmental issues. Private equity has seen an opportunity – and this morning we report that Bridgepoint-backed Achilles Information has agreed to buy a company that says it has a focus on “ethical, sustainable and transparent” supply chain management.
Switching to insurance, we look at One Peak leading a series C funding round for a company that claims to be “revolutionizing” the sector. Partners Group is also involved.
Finishing up, we take a look at why private equity is so interested in the video games industry.
Supply in demand
Bridgepoint-backed Achilles Information has agreed to buy GoSupply Advanced Applications, a supply chain management company headquartered in Madrid.
Read the premium version of the Wire for more on the deal as well as some other recent insurance plays by private equity.
Note: Bridgepoint owns PEI Group, the publisher of PE Hub.
Insuring the future
This morning, growth equity firm One Peak led a series C funding round in Akur8, an insurance pricing and reserving platform that claims to have been “revolutionizing non-life insurance pricing with transparent AI since 2019.” Partners Group also participated in the round, along with historical investor Guidewire Software.
Read the premium version of the Wire for details including the size of the round.
Reload
We covered Aleph Capital Partners and Crestview Partners making an equity investment in Saber Interactive, an interactive entertainment and video game developer based in Fort Lauderdale, Florida in Friday’s US Wire. But if you’d like to know more about the sector and why private equity is taking an interest then check out some of our coverage from this side of the Atlantic.
First, EQT and co-investors CPP Investments and Temasek agreeing in July to take Dublin-headquartered Keywords Studios private and second, our in-depth interview with Andrew Tan, principal in the Carlyle Europe Technology Partners investment advisory team, about his firm’s exit from UK game developer Jagexto CVC and Haveli Investments in February.
Premium Wire subscribers can also read more about the motivations.
Right, that’s a wrap for me today. MK Flynn will write to you later today with the US Wire.
Nina Lindholm will write to you tomorrow with the Europe Wire.
Cheers,
Craig
Read the full Wire commentary on PE Hub ...
