| View this email online The Wire Nov. 24, 2021 TA invests in Nactarome, CenterGate exits TSC Apparel Morning! Hope your week is winding down. Just a reminder we’ll be off for the rest of the week, and back at it on Monday. More growth: Carlyle Group sees significant tailwinds in next-gen IT services and expects to remain active in the space after selling a majority stake in global CX design engineering company PK, writes Aaron Weitzman on PE Hub. After investing $330 million in the company five years ago, the firm sold its 70 percent stake in PK to Concentrix Corp in a deal valued at roughly $1.6 billion. Key to PK’s future growth was the hiring last year of CEO Dinesh Venugopal, Aaron wrote. Read the story here on PE Hub. Saga: Here I thought the saga of Novalpina, one of the rare private equity breakups, was winding down after LPs replaced the GP with Berkeley Research Group. Novalpina’s debut fund, which closed on €1 billion back in 2019, has three investments, including controversial spyware maker NSO Group. Apple said yesterday it filed a lawsuit against NSO for its technology that has allegedly been used to surveille and target Apple users, according to a statement. That’s it for me! Have a great Thanksgiving holiday. Hit me up with your tips n’ gossip, details of deals and funds and people moves or whatever at [email protected] or over on LinkedIn. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) Showtime: As PE giants spend billions in the content rights space, Atwater Capital founder and managing partner Vania Schlogel discusses the benefits of investing in media and entertainment, from the US to South Korea. (PEI) Revving up: Brookfield Asset Management is targeting $12.5 billion for a sixth flagship buyout offering as the firm looks to ramp up its private equity franchise. (Buyouts) "Aareal/Centerbridge: a softer, kinder type of private equity buyout" (Financial Times) "Bain targets $1.5 billion for second tech opportunities fund" (WSJ Pro) "Providence Equity Partners seeks $6 billion for newest fund" (WSJ Pro) PE Deals They said it “Value-based care cuts to the heart of the revenue models of the system, which have over the last 40-plus years shown unsustainable growth in medical costs. Value-based care seeks to tie together costs and outcomes in a way that benefits all the stakeholders – payor, provider and consumer.” — Jon Swope, senior managing director of investment banking at SVB Leerink, where he leads the firm’s Digital Health & HealthTech practice, talks to PE Hub about healthcare models. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please 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. | 