Aaron Church

Commentary picking up on the growing trade in GP partnerships (and the lucrative rewards for the lucky few). A consequence of the increasing maturity of this asset class. Market dynamics are evolving.

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M&A News: Interesting to see that Bain Capital has put in a bid of $1.83bn for automotive parts retailer, Bapcor, this is a $5.40 per share bid. This is a below fair value offer and at this time founders are not budging. Intersting to see though the shares leapt 14% on the news, clsoing at $4.97. WATCH THIS SPACE!! In other news: * Gina Rinehart sent Strike Energy shares soaring over 13% on Tuesday, with the iron ore queen reportedly eyeing a buyout of the now $615m company. The appealing control of Strike’s Western Erregulla operations has caught Ginas attention. The project is reportedly ready for a final investment decision in the third quarter and lacks assets with remediation liabilities. If WA Premier Roger Cook approves onshore gas exports, Rinehart could turn her modest holding into a significant gas empire.  * Fashion startup The Daily Edited, has emerged from VA following the execution of a DOCA to secure the business. The business will now stay online and jobs where possible will be saved. * Swoop Holdings has sold its wholesale voice business, VoiceHub, to Gold Coast-based telco Pivotel for $9m. * Canada Pension Plan Investment Board, Blackstone, and an IFM Investors and DigitalBridge partnership have submitted non-binding indicative offers for AirTrunk.  * Farm Pride Foods is cutting costs and expediting a $6.17m capital raising due to the impact of Avian Influenza on its Victorian sites. * Harrison.ai, an AI start-up backed by Sonic Healthcare and Ramsay Health Care, is preparing for a $100m-plus Series C funding round and has begun discussions with potential investors. Lots to watch out for! #mergers #acquisitions #womeninfinance #business #DOCA #fashion #finance

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#PE Sentiment among PE dealmakers rose in Q1 due to more macro clarity, increased visibility into interest rates and a perceived valuation gap. Though tech still dominates sectors, its investment percentage of total deployment dipped slightly in the last 12 months. Rising activity in coming quarters will be boosted by greater availability of financing. https://lnkd.in/dNY7zD2E

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Congratulations 🙌 Annalee Bloomfield, Mike Hanrahan and the entire Sustain.Life (now part of Workiva) team for an impressive acquisition by Workiva after only three years in. It has been a true pleasure to work with you and witness your meteoric, triple-digit growth over the past quarters. You should be extremely proud of your achievements. This also marks the first acquisition of a KOMPAS VC portfolio company since our launch at year-end 2021 🌎. Workiva Inc. (NYSE: WK) is a leading cloud platform for assured, integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. This acquisition marks the launch of Workiva Carbon, which will simplify the management of net zero targets that thousands of organizations have established voluntarily to meet international guidelines, respond to stakeholder demands for transparency, and better compete in the global economy. Onwards and upwards! Sebastian Peck Andreas Winter-Extra Summit Rosenberg https://lnkd.in/dm3T9Nni

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8 Comments

Only two PE bidders made it into the second round of Sanofi Consumer Health - the largest auction in Europe with €7 - €9 billion of financing being prepped by banks and direct lenders. Who's in round two and how they are going to afford the equity check is on Reorg https://lnkd.in/ecDngUqb #privateequity #privatedebt #dealorigination #carveout

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