Hello Hubsters. MK Flynn here in New York with the US edition of the Wire. This morning on the Hub, we’re featuring Iris Dorbian’s interview with Graham Partners’ Andrew Snyder about trends in food manufacturing. The firm recently acquired Tulkoff Food Products. Also, I’d like to call your attention to PE Hub’s Deal of the Year Awards’ call for nominations, which we opened up last week. I’m keeping the Wire short and sweet today, as I know many of us are focused on tomorrow’s election. Vision for the future That subhead sounds like something out of a presidential campaign, but actually it’s a line from an interview PE Hub’s Iris Dorbian conducted with Andrew Snyder, managing principal at Graham Partners about the firm’srecently announced acquisition of Tulkoff Food Products, a Baltimore-based maker of custom sauces, dips and dressings. Upgrade to the premium version of the Wire to read the interview. Deals of the year PE Hub is now accepting nominations for the 35th annual Deal of the Year Awards, which honor exceptional buyouts that were fully or mostly realized in 2024. The deadline for submission is Friday, January 10, 2025. Winners will be selected in six categories, plus an overall winner, and the results will be published on pehub.com in March. Click here to submit your nomination. In the past, the awards selection process was led by the Buyouts team, with participation from the PE Hub team. To reflect PE Hub’s focus on deals and dealmakers, PE Hub is now leading the project. If you have any questions, please send an e-mail to me at [email protected]. Selection of the winners is at the sole discretion of the PE Hub editorial team and will include input from PEI Group’s awards judging panel, which includes Craig McGlashan, Chris Witkowsky, Adam Le and me. Bios for all the PEI Group awards judges can be found here. Here are the categories, which have been revamped this year: - Large-Cap North America – recognizing the sale of a company with an enterprise value at the time of the exit of $1 billion or more - Large-Cap Europe – recognizing the sale of a company with an enterprise value at the time of the exit of $1 billion or more - Mid-Cap North America – recognizing the sale of a company with an enterprise value at the time of the exit of $200 million to $1 billion - Mid-Cap Europe – recognizing the sale of a company with an enterprise value at the time of the exit of $200 million to $1 billion - Small-Cap North America – recognizing the sale of a company with an enterprise value at the time of the exit of $100 million to $200 million - Small-Cap Europe – recognizing the sale of a company with an enterprise value at the time of the exit of $100 million to $200 million - Deal of the Year – recognizing one of the category winners as the best LBO exit of 2024. This will be given to the single deal that stands out for its innovation and execution. There is no separate nomination for this category. Location, location, location One question some of you have asked is about is what counts as a deal for the North America categories and what counts as a deal for the Europe categories. The answer lies in the headquarters of the company being sold. If the company is located in North America, then submit a nomination for the appropriate North America category. If the company is located in Europe, submit a nomination for the appropriate Europe category. (The private equity firm can be located anywhere.) Before I sign off, I’d like to give a shoutout to Irien Joseph for her feature on investing in India. In case you missed the Europe edition of the Wire earlier this morning, check out her story, featuring interviews with Blackstone, EQT and KKR. That’s all for today. Nina Lindholm will bring you the Europe edition of the Wire tomorrow, and Obey Martin Manayiti will bring you the US edition. All the best, MK Read the full Wire commentary on PE Hub ... |