The commission proposed rules for the first time that would outright ban certain practices – a move away from the commission’s traditional focus on making sure GPs are providing LPs with appropriate disclosure.
Partner David Reuter eyes: employee and customer engagement; social responsibility management; video and data insights; wealth management; payments and mortgage tech; data center services; fleet management; EHRs and patient engagement; hospice care; and life science distribution.
The industry is non-cyclical, often produces recurring revenue and has predictable expenditures and cashflows.
'Buyers don't have the time or resources to compete in a drawn-out auction process, instead finding themselves willing to pay a steeper multiple to ensure they will win the asset and take it off the table extremely quickly,' explains Robert Reifman, managing director, Lincoln International.
'Many sectors – consumer services, logistics, distribution, for example – are terrific sectors with higher valuations today that align with long-term trends.'
In the first five weeks of 2022, PE Hub has seen a slew of PE deals focused on issues like scheduling professionals and helping them manage workspaces.
LPs are drawn to first-timers formed in spinouts from big, brand-name PE firms.
Alpine will "continue to look for partnerships with other like-minded firms in complementary engineering and infrastructure verticals," Alpine partner Dan Sanner told PE Hub.
Nearly $475bn of fresh capital was secured by 854 buyout, growth equity, venture capital and other PE vehicles in 2021, up 19% from $399bn raised a year earlier, according to data from affiliate title Buyouts.
The sale is one of several that hit the market since the second half of 2021, when traditional LP portfolio sales came surging back into the market.