Good morning, Nina Lindholm here with the Europe Wire from the London newsroom. India is in the spotlight this morning, as PE Hub’s Irien Joseph delves into the country’s evolving digital growth story and the opportunities it presents for dealmakers. Irien caught up with several experts for the story from Gaja Capital, Warburg Pincus, Permira and Samara Capital. We then shift over to two UK take-private updates. First up, Advent International has reached an agreement with a precision instruments provider to take the company private. To finish, we look at KKR and Stonepeak’s offer for Assura, a healthcare real estate investment trust. The PE firms look to be losing to a rival bid. Evolving landscape India is writing a digital growth story that’s turning heads globally, powered by a robust digital public infrastructure (DPI) model, my colleague Irien Joseph writes. At the heart of this lies the India Stack – a framework that includes the Aadhaar digital ID system and the Unified Payments Interface (UPI), a peer-to-peer instant payment system – which has democratized access to services and ignited a wave of innovation. This digital boom is drawing interest from global and domestic private equity investors, industry experts told Irien, with several seeing a fertile ground for AI development in the country. To learn what kind of ripple effect this momentum has across sectors according to Gopal Jain, co-founder and managing partner at Gaja Capital, take a look at the premium Wire. I highly recommend checking out the full story. It has commentary from Warburg Pincus, Permira and Samara Capital, and it explores AI’s role in solving challenges India is facing. Make sure to also read Irien’s first India-focused feature. It looked at why private equity giants such as Blackstone, EQT and KKR have identified the country as a critical market. Active partners Leaving the world of digital infrastructure behind and moving over to take-privates. Advent International has reached an agreement to acquire Spectris for £37.63 per share, or approximately £3.8 billion ($5.1 billion; €4.5 billion). For additional financial details and more, check out the full Wire coverage. PE Hub first reported on the offer earlier this month. Increased offer Let’s finish with a deal where the private equity bid looks to be on the losing side. UK real estate investment trust Assura's board has recommended Primary Health Properties (PHP) new offer, which tops KKR and Stonepeak’s ‘best and final’ offer made earlier this month. To find out PHP's latest offer and why the Assura board is considering it, take a look at the premium Wire. That’s all from me. Keep an eye out for the US edition later today, written by MK Flynn, while Craig McGlashan is on Europe duty tomorrow. Cheers, Nina Read the full Wire commentary on PE Hub ... |