Good morning, Hubsters. Senior reporter Michael Schoeck here with the US edition of the Wire from the New York newsroom, filling in for Obey Martin Manayiti for a while.
It’s that magical week where Deal of the Year Awards have gone out and the PE Hub team is gearing up for NEXUS 2025 next week.
On the Wire today we’re highlighting the Mid-Cap Deal of the Year, which went to Atlas Holdings for its exit of a printed labels business used in mass-market establishments.
Next we have an ‘Inside the Exit’ article from Rafael Canton on Apollo Global Management’s exit of a regional US airline.
Also up today we have a deal involving Warburg Pincus’ exit of a heavy industrials company that PE Hub scooped was coming up for sale.
And finally, we hear insights on the current slowdown in dealmaking from Michael Mufson, managing partner at Mufson Howe Hunter.
Paper trail
Ever since the invention of the personal computer heralded talk of the ‘paperless office,’ breakthroughs in technology – from e-books to contactless payments – have sparked claims that the writing was on the wall for the printed word.
Atlas Holdings, however, was reading from a different script. Its bet on a printer label and receipts paper business in 2016 paid off in 2024 as it sold both parts of Iconex, earning PE Hub’s Mid-Cap North America Award Deal of the Year Award for its contrarian – and prescient – decision.
Upgrade to the premium version of the Wire to read the full story.
Flying your way
Now that Apollo has fully exited Sun Country Airlines, it’s a good moment to take a look at what role the PE firm played in the company’s growth.
PE Hub caught up with Antoine Munfakh, partner and head of private equity – North America at Apollo, to chat about the strategies that helped Apollo grow the Minneapolis-based airline.
Upgrade to the premium edition of the Wire to read the story.
Back in strategic hands
Warburg Pincus has agreed to sell Sundyne to Honeywell in a $2.16 billion transaction.
PE Hub was first to report on Sundyne coming to the market back in August.
Upgrade to the premium version of the Wire to read the announcement and company for sale story.
The uncertainty factor
We’ve seen the slowest start for M&A to a new year in more than a decade, despite optimism heading into 2025. How long will the pause last, and how will it affect the dealmaking outlook for the year?
PE Hub editor-in-chief MK Flynn asked Michael Mufson, managing partner at investment bank Mufson Howe Hunter, for his take.
Upgrade to the premium version of the Wire to read the interview.
Care to weigh in? Share your thoughts with MK at [email protected]
That’s a wrap for me. Keep an eye out for the Europe edition of the Wire tomorrow from Craig McGlashan and the US edition from Rafael Canton.
Cheers,
Michael
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