Morning all, Craig McGlashan here with the Europe Wire from the London newsroom.
Private equity keeps finding opportunities to invest in the digitalization of just about every industry. As one speaker at a media roundtable hosted by law firm Dechert put it yesterday, some of the big sectors this year will be healthtech, fintech, climatetech – and “whatever else you can put tech next to.”
Fintech has of course been one of the biggest of those, and this morning we take a deep dive into Montagu Private Equity’s plans for fund administration software provider Multifonds.
We then return to that Dechert roundtable, where we look at why LP pressure on GPs to increase exits and distributions might have more weight this year.
The weekend’s German election and its impact on private equity was another topic at the roundtable, and we finish with a German deal. PSG Equity has agreed to invest in a Munich-based IT infrastructure monitoring vendor.
Global growth
Montagu Private Equity is gearing up to fuel Multifonds’ growth by expanding its product offerings for existing clients while tapping into new markets – especially in Asia, Latin America and Europe – where demand for such financial software products remains strong, Jan Stypulkowski and Daniel Fischer, Frankfurt-based partners at Montagu, told PE Hub’s Irien Joseph.
Read the premium version of the Wire for Montagu’s growth plans for Multifonds and why the firm believes there will be even more carve-out opportunities in 2025.
Under pressure
Exits were one of the big themes yesterday as I attended a media briefing in law firm Dechert’s London office to discuss its Global Private Equity Outlook 2025 report.
Find out why there is growing positivity that the exit environment could be better than 2024 in the premium version of the Wire.
Another sign for optimism was the outcome of the German election over the weekend, where the CDU/CSU took just shy of 30 percent of the vote.
Get that analysis in the premium version of the Wire.
Monitoring
Speaking of Germany, PSG Equity has agreed to invest in Checkmk, a Munich-based IT infrastructure monitoring vendor.
That’s all from me today. Rafael Canton is in the US chair later today and Nina Lindholm will write to you from London tomorrow.
Cheers,
Craig
Read the full Wire commentary on PE Hub ...
