Good morning, Nina Lindholm here with the Europe Wire from the London newsroom. To boost the energy performance of buildings, the European Union has established a legislative framework with the aim to achieve decarbonized building stock by 2050. Private equity is aware of the need to reduce energy consumption in the real estate sector, and this morning we kick off with a sizeable deal in that very segment. TPG and GIC have agreed to acquire a German service provider for smart and sustainable buildings for around €6.7 billion from Partners Group. Next, we have another German company but in the software sector. Thoma Bravo has agreed to acquire a majority stake in a pan-European provider for IT management services. Switching to healthcare technology, we have Extens making its first investment in the Netherlands by snapping up a majority stake in a developer of web-based interoperable electronic patient and client records. To finish, we delve into the second edition of Level 20’s report on gender diversity in European private equity and venture capital as we speak to CEO Gurpreet Manku about the findings. Emission reduction Partners Group has agreed to sell its majority stake in Techem, an international provider of digitally enabled products for the building ecosystem, to TPG and GIC. For more on the deal, take a look at the premium Wire coverage here. DACH deal Thoma Bravo has agreed to acquire a majority stake in USU Product Business, a pan-European provider for IT management services. Check out the full Wire coverage here for more. Growing pressure Extens has acquired a majority stake in Medicore, a developer of unique web-based interoperable electronic patient and client records (EHRs) and data-driven applications for healthcare. You can learn more about the deal in the premium version of the Wire. One in four Level 20’s goal is to increase the number of women working in senior private equity and venture capital investment roles to at least 20 percent – but the not-for-profit organization is keen for firms to hire more women at the junior level, CEO Gurpreet Manku told me. Read the premium version of the Wire for more of Manku's thoughts on the report. For more on women in private equity and Level 20, take a look at this interview with Oakley Capital partner Rebecca Gibson, who was appointed chair of Level 20 in January. That’s all from me. Obey Martin Manayiti will write to you later with the US edition, and Craig McGlashan will be with you tomorrow morning with the Europe edition. Cheers, Nina Read the full Wire commentary on PE Hub ... |