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The Wire Mar. 15, 2022
Meet our new reporters; plus GPI Capital targets $750m for second growth fund Good morning, Hubsters. MK Flynn here with today’s Wire.
I’m delighted to introduce you to two new reporters who joined our PE Hub and Buyouts team this week:
Obey Martin Manayiti joined PE Hub as a reporter. Obey worked previously as a journalist at Alpha Media Holdings in Zimbabwe, Africa, where he was born and raised. He came to the US in 2019 to attend a fellowship at Harvard and then earned a master’s degree in business and journalism from Columbia University. Most recently, Obey covered retail for the Financial Times on a fellowship. He’s looking forward to working on “groundbreaking stories that will further engrave us as the best in the industry.”
Obey can be reached at: [email protected]
Gregg Gethard joined Buyouts as a reporter. Gregg is a financial journalist who spent the past several years working in public relations. He also teaches classes in public speaking and business writing. He has a master’s degree in Central and Eastern European Studies from La Salle University. Fun fact: Gregg moonlights as a part-time stand-up comedian and actor.
Gregg can be reached at: [email protected]
Both Obey and Gregg are looking to build up their sources and their knowledge of private equity. Reach out and say hello to them!
Follow-up pool. GPI Capital, launched in 2016 by former executives at Ontario Teachers’ Pension Plan, is targeting $750 million for its second fund, a source told Buyouts.
Read the full story here.
Women’s History Month. In the Wire throughout March, we’re highlighting the dealmakers PE Hub and Buyouts named Women in private equity: The class of 2022.
Today, let’s take a look at Jennifer Ding, principal, Welsh, Carson, Anderson & Stowe, profiled by Iris.
Ding is a “renaissance person,” writes Iris. “From her formidable résumé in private equity to her versatility as an accomplished musician, watercolor artist and avid hip-hop and jazz dancer, the 33-year-old Harvard Business School grad seems to tackle everything in her life with a fierce drive to succeed.”
For more, read the whole report, in which we profile 10 stellar dealmakers.
That’s all for today. Chris writes the Wire on Wednesdays, so I’ll see you Thursday.
All the best, MK
Read the full wire commentary on PE Hub ...
Also of note (may require subscriptions) KKR is bullish on an M&A surge in 2022, with bilateral deals deemed the safer route as investors flee high-risk public listings. (Private Equity International)
In a primer for readers ("The New Financial Supermarkets"), the New York Times explains that while "private-equity firms were once niche players serving big clients," they're now "trying to be everything to everyone."
"How Tiger Woods helped fuel a private equity hole-in-one at TaylorMade." (Forbes)
The FT's Lex says a plan by new Telecom Italia chief Pietro Labriola to break-up the company brings KKR back in play.
"Ten multibillion-dollar deals accounted for $90 billion in total healthcare M&A value last year, more than the value of all the healthcare deals combined in 2020, a Bain & Co. report said." (WSJ Pro)
"A consortium of private-equity firms including Elliott Management is in advanced talks to buy TV-ratings company Nielsen Holdings for about $15 billion including debt, according to people familiar with the matter." (Wall Street Journal)
"Court Square Capital Partners has backed marketing technology company Power Digital Marketing to help the company further expand its services and clientele, including those in the private-equity industry itself." (WSJ Pro)
"Private equity firm The Halifax Group announced ... that it has sold a majority stake in TriMech, a Richmond, Virginia-based provider of engineering teams with 3D design and rapid prototyping solutions — including staff augmentation — to Sentinel Capital Partners, a New York-based private equity firm." (Staffing Industry Analysts)
PE Deals
They said it “It’s not money, not fame, but something really simple. [It’s the] the feeling of fulfillment that I am playing a part to add value to a cause, to someone’s life, to a company’s growth, to an industry’s innovation, all the while collaborating with people who operate with authenticity and care as deeply as I do.” — Jennifer Ding, principal, Welsh, Carson, Anderson & Stowe
Today's letter was prepared by MK Flynn Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MOREPlease visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC.
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