GTCR takes financial services position with R&T Deposit Solutions investment; Marketing agency roundup

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GTCR takes financial services position with R&T Deposit Solutions investment; Marketing agency roundup

Hello Hubsters!

It’s Rafael Canton stepping in for MK Flynn on this Thursday edition of the Wire.

This morning we start with a couple of deals, with GTCR making a play in financial services and Bain Capital investing in the industrial sector.

We then move on to a roundup of recent marketing agency deals.

Next, we’ll dive into an outlook by Irien Joseph with THL’s Shahab Vagefi about how deal activity is expected to pick up in the rest of the year and heading into 2024.

Finally, we have a look into Energy Capital Partners being acquired by London-listed private equity investor Bridgepoint Group.

Financial services share

GTCR has made an investment in R&T Deposit Solutions, a provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs.

Industrial flow control

Bain Capital Private Equity has agreed to acquire Harrington Process Solutions, a specialty distributor of industrial flow control process products.

Marketing still going strong

Throughout the past few months, we’ve seen an increase in deals involving marketing and advertising agencies. I rounded up six that have been announced in the US and Europe. Here are highlights of a couple that stood out.

For more on this trend, check out Obey Martin Manayiti’s coverage of an increase in digital marketing deals from earlier this year.

Healthcare dealmaking on the rebound

Healthcare dealflow was slow for much of 2022 heading into 2023 but the expectation is that there should be an increase in the sector for the rest of the year. Shahab Vagefi, MD in the healthcare division at Thomas H Lee Partners, spoke to PE Hub’s Irien Joseph about potential deals in healthcare and more.

This week has been an opportunity for us to look at the healthcare sector. In case you missed it, I spoke to Eric Liu from EQT earlier this week about a thaw in dealmaking in the healthcare sector for H2.

Absorbing Energy

In deals announced in the news, we have London-listed private equity investor Bridgepoint Group acquiring Energy Capital Partners.

Note: Bridgepoint is the owner of PEI Group, the publisher of PE Hub.

That’s it from me today. MK Flynn will be taking care of the Wire to close out the week tomorrow.

If you have any thoughts, questions, or just want to chat, please email me at [email protected].

Cheers,

Rafael

Read the full Wire commentary on PE Hub ...

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