Michael Schoeck
Six of the top 20 US CPA firms are currently backed by PE investors, including Apax, Audax, Blackstone, Hellman & Friedman, New Mountain and TowerBrook Capital.
Highlighting a $12 billion deal involving LS Power Equity Advisors selling a natural gas power and virtual power plant portfolio to a strategic buyer; private firms are also building their investment strategies in fitness and gym brands, and we’ll look at a new deal with TSG Consumer Partners.
An aerospace, defense and government services-focused PE firm that is interviewing banks for the sale of a 2019 aerospace parts portfolio company; a companies-for-sale update, highlighting a bump up in companies to be testing the market in the near-term; two new energy deals involving Texas upstream and midstream companies.
The PE firm could fetch $600m-$900m in sale proceeds for FSG.
A scoop on Baker Hughes involving a potential divestment of three digital products used in oil and gas and industrials markets; a Dealmakers to Watch series profile on former Utah Jazz owner Dave Checketts’ new investment firm formed with the Cynosure Group’s Spencer P Eccles; 3G Capital’s latest foray taking popular shoe brand Skechers private for $9 billion.
The strategic company took first round bids for the three product groups in late March via sellside adviser Evercore, sources told PE Hub.
Sources suggested Audax could fetch more than $1.5bn in a sale.
Further evidence that dealmaking is on pause in the midst of market uncertainty has emerged, as PE Hub reveals in our Q1 2025 quarterly M&A report, based on data from S&P Global Market Intelligence; a weekly update on companies for sale, and there’s some good news.
A look at an exclusive on TA Associates, which announced it has acquired a stake in a secondaries investor; an exclusive on a financial technology deal by mid-market investor HGGC; a deal involving an education technology provider for healthcare professionals, which is being acquired by a Leeds Equity Partners.
Fewer companies hitting the market now than there were at this time last year, according to dozens of conversations dealmakers; a deal announcement involving an energy efficiency company; a look at the legal services market.