Good morning, Nina Lindholm here with the Europe Wire from the London newsroom.
The consumer segment can be a tricky playing field due to its sensitivity to economic cycles and concerns about tariffs certainly aren’t making it any easier. We start today with a look into how Cinven approaches the sector, as Maxim Crewe, partner and head of consumer, speaks to PE Hub’s Sophie Rose.
Next, we delve into Lincoln International’s European Private Market Index. I caught up with Richard Olson, managing director and head of valuations, to learn more about the findings.
We’ll finish with the news of Ardian increasing its stake in Heathrow Airport.
Strong resonance
Cinven still sees opportunities akin to its US expansion of fashion brand Kurt Geiger, despite potential tariffs on imports by the new US administration. But the political shift means focusing on brand resonance is more important than ever, Maxim Crewe, partner and head of consumer at the London-based firm, told PE Hub’s Sophie Rose.
To learn more, take a look at the premium Wire here.
I recommend reading the full piece, as it covers how Cinven is growing health beverages provider Vitamin Well and how the firm expanded Kurt Geiger.
Rattling or action
We delve into some data next, and we have more on our opening topic of the consumer sector too. European private company enterprise values grew at an accelerated pace in the fourth quarter of 2024, with the consumer segment showing the strongest results, according to Lincoln International’s European Private Market Index (PMI).
To see the figures and to read commentary from Richard Olson, managing director and head of valuations at Lincoln, check out the full Wire coverage here.
Take off
Before I sign off, let’s take a look at a fresh deal. Ardian has agreed to acquire an additional 10 percent stake in Heathrow Airport from Ferrovial and other shareholders, including CDPQ.
For more on that, take a look at the premium Wire here.
That’s all from me. Michael Schoeck will bring you the US edition later today, and Irien Joseph is on Europe duty tomorrow.
Cheers,
Nina
Read the full Wire commentary on PE Hub ...
