Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
This morning, we’re taking a look at how some recent listings of private equity portfolio companies have performed to try to gauge just how open the IPO route for exits is in Europe so far this year.
Then we have a deal in a sector that hasn’t been super busy of late but has had a sprinkling of action: restaurants. Lion Capital’s new investment in Gordon Ramsay Restaurants is the latest deal, while we also take a look at some of the other deals in the industry that have made it over the line recently.
Listing
There had been hopes that the exit market for European private equity investments would fully reopen in 2025, but at least one exit route still looks to be shaky: IPOs.
We wrote last week about how, despite investment bank optimism for listings, many GPs didn’t feel that the IPO market had properly reopened.
We have seen a couple of portfolio company listings since then, so how have they performed?
Find out in the premium version of the Wire.
We’d love to get readers’ thoughts on how confident they are in the European IPO market. Will listings provide a busy exit route this year? Will it only be for the right names? Or is it still too shaky a path? Send your thoughts over to me at [email protected]
Dining out
Switching to new deals now, where we have a transaction in a sector that’s only had a handful of action in Europe lately – restaurants.
Lion Capital has made a new investment in Gordon Ramsay Restaurants to boost global expansion plans.
Read more about the deal and others in the sector in the premium version of the Wire.
OK, that’s all from me today. John R Fischer is filling in for Obey Martin Manayiti on the US Wire later today and I’ll be back with you from Europe tomorrow.
Cheers,
Craig
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