Morning all, PE Hub Europe editor Craig McGlashan here with the Europe edition of the Wire from the London newsroom.
Thomas Cook is a name that conjures up images of trips abroad for most people in the UK and many beyond, but fewer might know that the company fell on hard times a few years ago and has since been restructured.
PE Hub reporter Sophie Rose speaks to Michał Górecki, senior investment partner at private equity firm MCI, this morning about why MCI portfolio company eSky decided to buy Thomas Cook and how it hopes to return it to former glory.
Speaking of travel, this morning Mayfair Equity Partners announced it has acquired a majority stake in a digital out-of-home (DOOH) advertising business that targets the UK’s motorway ('highway' in US parlance) service areas.
We then switch to medical aesthetics, where Archimed is set to finalize a take-private, and we look at why the sector is so popular.
Finishing up, we look at a deal in a sector we’ve featured heavily this week: waste management and recycling. Ambienta portfolio company Previero has madeits first add-on.
Return journey
Reporter Sophie Rose makes her deep dive debut today with a look into a company that is a household name for UK readers.
MCI portfolio company eSky hopes to bridge the gap between the size and reputation of storied UK tour operator Thomas Cook, just a few years after the company collapsed, was restructured and then had to battle against the covid-19 pandemic.
Find out more in the premium version of the Wire.
On the road
Mayfair Equity Partners has acquired a majority stake in a digital out-of-home (DOOH) advertising business via a management buyout.
Skin in the game
Turning now to a sector that is also booming.
Archimed is set to finalize its 900 billion Korean won ($742 million; €668 million) take-private of Jeisys Medical.
Read more about the company's growth and why the sector is so popular in the premium version of the Wire.
Waste not
Speaking of busy sectors, Ambienta portfolio company Previero has acquired Parini, an engineer, developer and producer of mechanical sorting machines for waste recycling.
Other waste management and recycling coverage on PE Hub this week includes Michael Schoeck’s scoop that Triumvirate Environmental, a closely-held waste management company, is vetting new investment interest and Nina Lindholm’s deep dive into Baird Capital’s exit from end-of-life aircraft services provider eCube.
OK that’s it from me today. Michael will be with you later with the US edition and Irien Joseph will write to you tomorrow morning with Friday’s Europe Wire.
Happy dealmaking,
Craig
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