PE HUB Wire Highlights, 2.11.19


Photo of Luisa Beltran, PE HUB Senior Editor, courtesy of Buyouts Insider.

Energy & Minerals Group explores potential biggest-ever secondary deal; PE, strategics circle Vitech; How new managers can get the attention of large pension funds

Will they or won’t they? The odds got higher that the U.S. government will be heading toward a shutdown later this week.

Bipartisan compromise talks to fund a proposed border wall have totally broken down, according to press reports. This, of course, raises the possibility that PresidentDonald Trump will declare a national emergency to access funds to start building his wall, Fox News reported. Much of the U.S. government is set to run out of funds at midnight Friday, the New York Times said.

The last shutdown cost the American economy $11 billion, DealBook said. I just got used to looking at the FTC website again.

After a bumper 2018, insurance M&A is set to slow down in the first half of this year as political and economic problems weigh on the minds of dealmakers, the Financial Times is reportingAndrew Holderness, head of corporate insurance group at Clyde & Co, pointed to uncertainty caused by Brexit and the US/China trade position that would hold back deals. “Until all that becomes clearer, it will put a dampener on the M&A market,” Holderness said in the story.

Hubsters, many are predicting that dealmaking will slow. What do you think and why? Email me your thoughts at lbeltran@buyoutsinsider.com

FundsBlackstone Group is investing $200 million in a hedge fund startup run byMichael Phelps, the former head of European credit at BlackRockBloomberg is reporting.

Secondaries: Chris has a big story on the whale moving through the PE secondary market. Energy & Minerals Group is working on a secondary process that could be valued between $4 billion and $5 billion. Read his story here.

DealsFrancisco Partners is buying Qualcomm Life Inc, which will be renamed Capsule Technologies and operate as two business segments: Capsule, a medical device connectivity platform, and 2net, which provides wireless mobile device connectivity via cloud-based solutions. Read our brief here.

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