Private Equity Wire newsletter - " Social media and data platforms take centre stage"

Social media and data platforms take centre stage

Monday was a bank holiday in the UK and many took advantage of the newly relaxed lockdown rules to enjoy the sunshine in open spaces. Meanwhile, the handling of the ongoing pandemic and its effect on the economy continue to dominate the news.
Dominic Cummings, Chief Adviser to Prime Minister Boris Johnson came under fire after it was revealed that he potentially broke lockdown rules to travel from London to Durham while displaying coronavirus symptoms.
Calls for his resignation were waved aside by Boris Johnson when he addressed the nation on Monday. The government's response to the Cummings incident though has continued to inflame public sentiment through rest of the week.
In the US, riots broke out following the death in police custody of George Floyd. The incident has brought race relations to the forefront of the news once more, and opened a discussion about the role of social media in spreading information, as well as misinformation.
Twitter flagged President Donald Trump’s tweets regarding the riots as violating the platform’s rules surrounding inciting violence, just a day after Facebook CEO Mark Zuckerberg said he does not believe social media platforms should be ‘arbiters of truth’ and responsible for fact-checking.
As the world largely continues to self-isolate and work from home, social media and online conferencing platforms have become the new backbone of businesses.
PE Wire has reported on GPs increased interest in these tools in the past and this week we learned that KKR, together with tech entrepreneur Franek Sodzawiczny, are set to form Global Technical Realty, a new build-to-suit and roll-up acquisition data centre platform, for large tech companies to cater to the increased global demand for more data.
In our guest article this week, Paul Aversano and Rino Nori of Alvarez & Marsal’s Transaction Advisory Group discuss how constant communication and a quick adoption of online tools and new technologies is essential for investors to maintain robust relationships with their clients and continue to practice good due diligence from the home office.
The inability of governments and its leaders to project a calm and steady front against current existential, social and financial issues is being felt the world over.
Correspondingly, the private equity industry is facing a crisis of uncertainty, with many firms opting to invest in minority stakes to mitigate risk at this time. In our interview with Franz Hoerhager, founder and head of Mezzanine Management, we discussed what the future might look like for healthcare investments in the CEE region.
Karin Wasteson,
Editor, Private Equity Wire

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