Good morning, Hubsters. MK Flynn here with the Wire. Scoop: Earlier this morning, I was the first to report that Accordion, a PE consulting firm well-known to many of our readers, is buying a specialist in data and analytics. Michael Choe, the CEO of Charlesbank, and Accordion founder Nick Leopard weigh in on how the deal reflects the latest trends in private equity. Vista just announced a strategic growth investment in a developer of supply chain risk management software. Also today, Buyouts is out with its annual list of 10 emerging managers. Unlocking value PE firms are more focused on value creation than ever before, given the challenges of the current economy and the slowdown in dealmaking. Reflecting the emphasis on value creation, Accordion, a New York-based consultancy that provides CFO services to hundreds of private equity firms, just announced that it has agreed to acquire Merilytics, a Hyderabad, India-based provider of analytics, data management and business intelligence services. To learn more about the deal and the trends driving demand for CFO services, subscribers can read my story, including exclusive interviews with Nick Leopard, the founder and CEO of Accordion, and Michael Choe, the managing director and CEO of Charlesbank Capital Partners, an investor in Accordion. Mitigating supply chain risks The pandemic and other events over the last few years have demonstrated the vulnerability of the global supply chain. Remember the Ever Given, that container ship that ran aground and blocked the Suez Canal for six days in March 2021? Since then, many private equity firms have invested in companies that aim to solve some of the problems. Just this morning, Vista Equity Partners unveiled a strategic growth investment in Resilinc, a developer of supply chain risk management software. Subscribers may read all about the deal here and how it fits into Vista’s Endeavor Fund strategy. Emerging managers Buyouts’ Chris Witkowsky and Kirk Falconer have identified 10 intriguing first timers that are today braving a brutal fundraising market. Subscribers to Buyouts can read more here. We’ll be keeping close tabs on all 10 emerging managers in the months ahead. That’s it for me today. If you’re in Las Vegas for ACG’s DealMAX conference, be sure to say Hello toPE Hub’s Obey Martin Manayiti. Drop him a note to set up a meeting. He’s at [email protected]. And, as always, you can reach me at [email protected]. I’ll be back with more tomorrow. Until then, happy dealmaking, MK Read the full wire commentary on PE Hub ... |