PE Weekly: New PE Firm Targets Business Services and Industrials
Business services, industrials heat up with new PE firm
This week, a new private equity firm has made its debut with an investment strategy focused on the buiness services and industrials sectors. As sponsors plan for future M&A in the space, investors this week have similarly shown interest in the market with transactions reaching IT services, packaging and distribution, and more. Read on below.
Platform Investments and Acquisitions
Partners Group Takes Minority Stake in Real Estate Investor Trinity. Global private markets firm Partners Group announced an initial $500 million investment in real estate investor Trinity Investments, according to a press release. Partners has the option to commit further capital to various Trinity investment platforms, including its North America, European and special situations platforms.
Godspeed Capital Announces Aerospace and Defense Platform. Godspeed Capital Management, a lower middle-market private equity firm focused on the defense and government services and solutions space, announced the launch of a new platform following its investment in Special Aerospace Services (SAS). Godspeed Capital and SAS are partnering to form a space engineering, defense and communication technology solutions platform for U.S. defense and intelligence agencies.
One Equity Partners Acquires Ballymore Safety Products. One Equity Partners (OEP), a middle-market private equity firm, announced this week its acquisition of Ballymore Safety Products. Ballymore designs, distributes and manufactures engineered safety-related products to support the flow of products through the supply chain. OEP will support growth of the business via expanding its operations and broadening its product offering.
Add-Ons
Transom’s Scantron Acquires IT Services Provider. Secur-Serv, a managed services provider that is a division of Scantron Corporation, has acquired Btech, a managed IT services provider. Btech targets credit unions and other financial institutions. Secur-Serv is backed by middle-market private equity firm Transom Capital Group.
Strategics
Veritiv Acquires Packaging Business AmeriPac. Veritiv Corporation, a distributor of value-added packaging, facility solutions and print products, announced this week it has acquired AmeriPac. The packaging and fulfillment services provider has annual revenues of $60 million, the announcement noted.
Exits
One Equity Partners Closes Walki Sale. Oki Holdings Corporation, a Japan-based paper products technology company, has acquired Walki Group Oy from its previous owner, middle-market private equity firm One Equity Partners. The PE firm announced the close of its exit of Walki, a supplier of sustainable packaging and engineered materials, in a press release this week.
Insights
FalconPoint Partners Makes its Debut. FalconPoint Partners has made its debut as a new private equity firm, according to a press release this week. The firm will target the business services and industrials sector, and will launch with more than $500 million in assets under management. The firm is based in New York.
Plocamium Holdings Launches Middle-Market Value Creation Service. Private equity services firm Plocamium Holdings announced its debut as a provider of value creation services to middle-market companies and their PE sponsors. The firm said it has begun working with businesses in the healthcare technology and services, defense, industrial technology, and containers and packages sectors.
Insurers Plan to Inject More Funds into PE: Goldman Analysis. New analysis from Goldman Sachs Asset Management reveals insurance companies are planning to inject more money into private equity this year, according to a Reuters news release. More than 40% of insurers surveyed by the firm said they plan to increase their PE investments to boost returns amid rising inflation.
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