Laden...
The Wire March 3, 2021
Fintech player Calypso draws immense interest, and the land grab for managed service providers Morning!
Ten private equity firms are circling the sale process for Calypso Technology, a fintech company backed by Bridgepoint Capital and Summit Partners, sources familiar with the process told PE Hub. Find out who's in the running here.
White space: Managed service providers, or MSPs, typically charge a flat fee to automate workstreams, recover data, conduct backups, move operations to cloud and handle IT support service requests for small-and medium-sized businesses. For a lot of MSPs, monthly recurring revenue or MRR is over 50 percent of total revenue; it’s a pricing model revered by PE managers guaranteeing a steady customer base. But few MSPs are mature enough to be a PE platform; the vast majority are regional, founder-owned business that have yet to scale...
Read PE Hub's full wire commentary here...
That’s it for today! Have a great week, everybody, and in the meantime, hit me up with feedback, tips or just to say hello at [email protected].
Also of note (may require subscriptions)
Debut: Crosspoint Capital Partners, formed by veteran tech CEO Greg Clark, is heading for a final close on its hard cap of $1.2 billion, according to people with knowledge of the firm tell Buyouts. Read it here.
Big start: BayPine is in the lead to acquire Mavis Tire Express Services for more than $6 billion, including debt, in what would be the private equity firm's biggest deal since its inception last year, people familiar with the matter said told Reuters. Check it out.
Portfolio shift: In the second half of 2020, California State Teachers’ Retirement System committed more to private equity co-investments than traditional private equity funds, according to documents posted on the $282.5 billion fund’s website. Read more on Buyouts.
PE Deals
They said it
“I’m a bit of a deal junkie and enjoy every step of the process and the excitement and pace of it all.”
Lauren Young, managing director at Advent International, tells PE Hub.
Today's letter was prepared by Sarah Pringle 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.
London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN
To update your PE Hub email preferences, or to unsubscribe, click here. |
Laden...
Laden...
