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The Wire

Private equity deal news and insights from the New York newsroom

Feb 18, 2025

 

Dealmakers positive on M&A under new administration, Aon survey finds; Fintech M&A shows robustness

Morning Hubsters,

 

John R Fischer here with the US Wire, filling in for Obey Martin Manayiti, who is taking a well-deserved vacation.

 

First up, we have an exclusive first look at professional services firm Aon’s inaugural Deal and Business Risk Management survey, which delves into how the new US administration is affecting PE investors’ outlook on the 2025 M&A sector.

 

Then, some insights from investment bank DC Advisory on the M&A landscape for the global fintech sector. I’ll finish things up with a highlight of some fintech deals that PE Hub covered over the last week.

 

Positive reinforcement
Ninety percent of PE buyers, sellers and advisors are anticipating deal activity to grow in 2025, PE Hub learned in a first look at Aon’s inaugural Deal and Business Risk Management survey, which comes out later today.

 

Upgrade to the premium version of the Wire to learn more.

 

Financially optimistic

Global fintech M&A surpassed its 2023 total deal volume by October, driven by innovation, AI and new regulations, according to DC Advisory’s Global Fintech M&A Outlook 2025 report.

 

In the last week, PE Hub has covered several financial services deals. Here is the list, starting with the most recent:

  • AnaCap to close six bolt-ons for Edge in two months
  • BGF makes minority growth investment in Paperchase
  • PE-backed Baker Tilly to buy CPA firm CironeFriedberg
  • JC Flowers picks up majority stake in Infinite Investment Systems
  • FTV Capital invests $45m into tech-enabled platform Validus
  • Sovereign-backed Shackleton picks up Harrold Financial Planning

Premium subscribers can read about these deals and access the full report.

 

That’s it for me. As always, if you have any questions, thoughts or want to chat, please email me at [email protected].

 

Craig McGlashan is on Europe duty tomorrow and Rafael Canton will bring you the US Wire.

 

Cheers,

John R Fischer

 

Read the full Wire commentary on PE Hub ...

Today's must reads
> PE sees consolidation opportunities in primary care market: 5 deals More...
> Italian interest: 7 PE deals in the country since the start of 2025 More...
> On the block: Air cargo, less-than-truckload and last-mile logistics providers More...
> AnaCap to close six bolt-ons for Edge in two months More...
> May River Capital shelves sale process for Industrial Flow Solutions, sources say More...

Also of note (may require subscriptions)

With slumping private markets taking the blame for San Joaquin County Employees Retirement Association’s portfolio not meeting expectations, the pension’s board has started to debate whether it may retreat into fixed income in coming years. (Buyouts)

 

Fundamental work around sustainability, and diversity, equity and inclusion, continues irresepective of political “headline noise,” according to senior executives from Oaktree Capital Management.

 

London-headquartered Cinven signed more than €6.7 billion in monetization events last year – its first year under a new leadership structure comprising three co-managing partners. The Europe-focused private equity firm signed 14 realisations in 2024, co-managing partners Supraj Rajagopalan, Bruno Schick and Jorge Quemada told Private Equity International.

 

Canada’s PSP Investments “has multi-billion-dollar deployment targets” for what its calling its High Inflation Correlated Infrastructure strategy, managing director Michael Rosenfeld told Infrastructure Investor.

 

Nordic Capital, Europe’s eighth-largest private equity firm by fundraising, is undergoing changes to its investor relations team, including that of its head of IR, Private Equity International has learned.

 

Barings has reached an agreement to buy Artemis Real Estate Partners, a Washington, DC-based manager with $11 billion in assets under management, as the firm seeks to redefine and scale its real estate equity platform. (Private Equity Real Estate)

 

NewVest, an investment firm focused on passive index investing in private markets, has partnered with a global asset manager in a move that is aimed at making private equity more liquid without removing the illiquidity premium for underlying investors. (Private Equity International)

 

AltamarCAM Partners has beat the target of its latest secondaries fund in a final close, marking its first such vehicle raised after becoming a Permira portfolio company in 2023. The Madrid-headquartered firm raised almost €1.6 billion for ACP Secondaries 5, according to details shared with Secondaries Investor.

 

Antares Capital has launched its flagship business development company, Antares Private Credit Fund, catering to institutional investors with a focus on private wealth, the firm said. (Private Debt Investor)

Deals

NXT Capital: Middle-Market Direct Lending and Investor Solutions
> Aurora Capital-backed Universal Pure acquires Dora's high-pressure processing assets More...
> Avnan Capital scoops up Falcon Electric More...
> Avnan Capital scoops up Falcon Elecdtric More...
> HealthEdge sells medical device company LifeSync More...
> Seven Point-backed RiteScreen acquires window screen maker FlexScreen More...
> Shore Point Capital invests in TCG Services More...
People
> TSG Consumer Partners names Beth Pickens as head of London office More...
> EQT appoints Per Franzén as CEO and managing partner More...
> BCI Private Equity sets up European hub in London More...
 
 

They said it

“Is it a buyer’s market or a seller’s market? Right now, it’s hard to know but if things go trending like they seem to be with the optimism, it may turn more into a buyer’s market. That would speak to narrower auction processes.”

— Gary Blitz, global CEO, Aon M&A Transactions Solutions

Today's letter was prepared by John R Fischer

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