Hello Hubsters,
It’s Irien Joseph bringing you the Europe edition of the Wire from the London newsroom.
Today, we open with an add-on acquisition in the trust and company service provider (TCSP) industry as Hg-and EQT-backed Quantios has acquired an AI-powered legal entity management tool.
Private equity is at the forefront of the trend towards clean renewable energy, driven by its potential to fight climate change and reach global net zero goals. This morning, we focus on PE investments in solar energy, with the help of a listicle that includes insights from Reach Capital’s William Barrett.
To finish, we shift to the medical communications sector, where Baird’s Tom Cowap explains why PE is drawn to the industry, which he refers to as a “defensive and robust end market.” He also touches on the headwinds in the broader pharma services sector.
Digitizing TCSP
Quantios, a portfolio company of Hg and EQT, has completed the acquisition of Klea, an AI-powered legal entity management tool.
Subscribe to the premium version of the Europe Wire to find out more about the deal.
Grid connections
Sustainable investments have caught attention in the private equity world in 2024, with a focus on renewable energy – in particular, solar energy, PE Hub’s Sophie Rose writes. That is despite geopolitical tensions and supply chain constraints challenging the sector.
Read the full story here to find out Reach Capital’s William Barrett’s outlook on solar energy industry and the other deals we covered in the sector.
Buy a starting platform
The medical communications sector is a defensive and robust end market, Tom Cowap, managing director at Baird global healthcare investment banking, told PE Hub. “The end user is usually big pharma and biotech, which is historically non-cyclical and always requires support from providers.”
Check out the premium version of the Europe Wire to find out Cowap’s take on the medical communication sector and the factors driving private equity interest.
That’s it from me. PE Hub reporter John R Fischer is making his newsletter debut today in the New York morning with the US edition, and Craig McGlashan will be on European Wire duty next week in London.
Warmly,
Irien
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