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Private Equity News
Guardian
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Rachel Reeves’s most irritating manifesto fudge: private equity’s tax loophole | Nils Pratley
- Private equity executives paying less tax than low-paid workers has been a long-standing issue.
- While the tax rate on carried interest will increase to 32% from April 2025, it will be taxed within the income tax framework from April 2026 with bespoke rules.
- The move is seen as a lobbying triumph for the British Venture Capital Association.
- Critics argue that carried interest should be treated as income, as partners in private equity firms risk relatively small personal capital.
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Funded
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Image Credit: Funded
3 Acts Finding Voice and Built a Life as an Entrepreneur
- Entrepreneurship is about creating a life that aligns with your values, strengths, and aspirations through a process of self-discovery, reflection, goal setting, and execution.
- The three essential stages, or “acts,” that help cultivate your entrepreneurial voice are Self-Discovery, Vision Crafting, and Execution with Resilience.
- Self-Discovery includes identifying your core values, understanding strengths and weaknesses, and defining your purpose statement, the “why” behind your entrepreneurial journey.
- Vision Crafting includes creating a clear vision statement, setting SMART goals, and defining your unique value proposition that differentiates you in the marketplace.
- Execution with Resilience involves developing a resilient mindset, building a support network, and embracing a growth mindset and lifelong learning.
- Resilience and flexibility are critical in bringing your entrepreneurial vision to life through change, setbacks, and continuous learning.
- A support system provides accountability, guidance, and encouragement during times of doubt. Cultivating a mindset of lifelong learning keeps you adaptable and inspired.
- Entrepreneurship is a rewarding yet challenging endeavor that creates a legacy rooted in purpose, passion, and personal growth.
- Funded.com is a BBB accredited platform that offers access to Angel Investors, Venture Capitalists, or Lenders and professional business plan writing services.
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Peprofessional
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Eagle Acquires Sam the Concrete Man
- Eagle Merchant Partners has acquired a majority stake in Sam the Concrete Man (SamCo), the largest residential concrete services franchisor in the United States.
- SamCo, founded in 1989 and now headquartered in Denver, has over 80 franchise units across 30 states.
- The acquisition will enable SamCo to accelerate its growth, expand its footprint, and enhance support to franchisees.
- Eagle Merchant Partners specializes in franchise investments and aims to scale SamCo's franchise network, increase brand recognition, and explore additional services.
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Peprofessional
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Nautic Partners Raises $4.5 Billion for Eleventh Fund
- Nautic Partners has raised $4.5 billion for its eleventh fund, Nautic Partners XI LP ('Fund XI').
- The fund surpassed its initial target of $3.75 billion.
- It attracted a diverse group of investors from various regions.
- Nautic Partners focuses on healthcare, industrial, and outsourced services sectors.
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Peprofessional
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L2 Point Closes Oversubscribed Inaugural Fund
- L2 Point Management has closed its inaugural fund, L2 Point Opportunities Fund I LP, with $312 million in capital, surpassing its target.
- Combined with an additional $148 million raised through co-investment vehicles, the firm's total capital raised reaches $460 million.
- L2 Point targets structured equity opportunities in technology, consumer, healthcare, and media sectors, aiming for risk-adjusted returns.
- The firm's current portfolio includes cybersecurity simulation provider SimSpace, cloud storage solutions provider Wasabi Technologies, and others.
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Peprofessional
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Canaccord Genuity Strengthens TMMIS Group with Lance Maerov Hire
- Canaccord Genuity has hired Lance Maerov as a managing director within the TMMIS group.
- Maerov will focus on expanding the firm's marketing services and technology advisory practice.
- He brings extensive experience in mergers and acquisitions from his previous roles at WPP.
- Canaccord Genuity's recent transactions in the TMMIS sector include several notable sales.
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Peprofessional
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With Latest Buy, Sverica Enters Electronic Services Sector
- Sverica Capital Management has acquired Electronic Source Company (ESC), an electronics manufacturing services provider serving the aerospace, defense, and space markets.
- ESC specializes in circuit card assemblies, complex box builds, engineering support, prototype assembly, and testing.
- ESC's products are used in high-profile programs such as the F-35, Apache and Blackhawk helicopters, Patriot Missile, Mars Rover, and the International Space Station.
- Post-closing, Sverica's managing partner, a principal, and Scott Alyn will join ESC's board of directors to execute a growth strategy in the defense electronics sector.
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Peprofessional
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Bertram Capital Partners with Perimeter Solutions Group
- Private equity firm Bertram Capital has acquired Perimeter Solutions Group (PSG), a provider of commercial and industrial perimeter protection.
- PSG offers products such as permanent and rental fencing, automated gates, and access control services. It operates from five locations in the southern United States.
- PSG serves customers across various sectors, including multi-family, industrial, office, retail, stadiums, parks, airports, medical, data centers, and renewable energy sites.
- Bertram Capital aims to accelerate PSG's growth with the integration of digital capabilities and expand its market-leading position in perimeter solutions.
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Peprofessional
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Branford Sees the Light with Carve Out from Trident
- Branford Castle has acquired Hoffman Engineering, a provider of night vision and lighting equipment for the aerospace and defense sectors, from Trident Maritime Systems.
- Hoffman Engineering offers products such as night vision test equipment, night vision imaging lighting systems, and specialty LED lighting, primarily used by the U.S. military, aerospace and defense OEMs, and commercial airlines.
- Branford Castle sees great potential in this market as the aerospace and defense sectors continue to grow.
- The acquisition marks Branford Castle's sixth platform investment and eleventh acquisition overall for its second fund, which closed in 2021.
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Peprofessional
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Trivest Closes New Non-Control Fund
- Trivest Partners has closed Trivest Growth Investment Fund III LP (TGIF III) with $730 million in total capital commitments.
- TGIF III focuses on non-control investments in founder- and family-owned businesses based in North America, with a minimum of $20 million in revenue and $4 million in EBITDA.
- In addition to TGIF III, Trivest currently manages three other funds in the lower-middle market.
- Currently, Trivest manages approximately $6.1 billion in assets, with an investment team of over 90 professionals across offices in different cities.
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Funded
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Image Credit: Funded
Strategies You Must Follow for Growing Your Business
- Growing a business isn’t just about working harder—it’s about working smarter.
- Understanding your market through market research is important to gather insights about customer needs, behaviors, and trends.
- A solid business plan outlining your goals, strategies, and steps for achieving them is essential for the business’s growth.
- Building a strong brand identity and effective online presence is essential for the growth of the business in the current digital age.
- A scalable sales strategy allows you to grow your revenue without overwhelming your resources.
- Customer satisfaction should be at the heart of your growth strategy.
- The team is one of the most valuable assets. Investing in employee development will create a positive work environment leading to improved productivity.
- Regularly monitor key financial metrics such as cash flow, profitability, and expenses to keep a close eye on the financial health of the business.
- Collaborating with other businesses can accelerate your growth and help reduce costs and increase efficiency.
- Staying adaptable and innovative and embracing innovation will help your business stay competitive.
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Peprofessional
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Red Nucleus Turns Green Following THL Acquisition
- THL Partners has acquired a majority equity stake in Red Nucleus, a provider of specialized services to life sciences companies.
- Red Nucleus offers learning and development services for pharmaceutical sales teams, clinical staff, and healthcare professionals.
- The company also provides support in medical and scientific communications, market access, and commercialization strategies for pharmaceutical companies.
- Mike Menta has been appointed as the new CEO of Red Nucleus, with Ian Kelly assuming the role of Chief Relationship Officer and Vice Chairman of the Board of Directors.
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Peprofessional
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Closed Loop’s Sage Bolts-On with Relectro Buy
- Sage Sustainable Electronics, a portfolio company of Closed Loop Partners, has acquired Relectro.
- Relectro offers electronics refurbishment and repair services, focusing on extending the lifecycle of electronic devices.
- The acquisition allows Sage to expand into repair services and strengthen its IT Asset Disposition services.
- Closed Loop Partners supports the acquisition, aiming to advance electronics circularity and support Sage's growth.
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Peprofessional
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There’s No Business Like Show Business: Truelink Acquires GES
- Viad Corp. has agreed to sell its GES business, a provider of exhibition and event services, to Truelink Capital for $535 million in cash.
- GES is a provider of exhibition and event services, serving customers in various industries such as healthcare, aerospace, technology, and retail.
- The transaction is expected to close before the end of 2024, with GES being led by its current president, Derek Linde.
- Truelink Capital, a private equity firm, plans to invest in GES to expand its service offerings and pursue organic and strategic growth.
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Peprofessional
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New Managing Director and Head of Investor Relations at Percheron
- Percheron Capital has appointed Megan Lundy as managing director and head of investor relations.
- Ms. Lundy brings more than 15 years of experience in investor relations, capital formation, and investment.
- Percheron recently closed its second fund, Percheron Capital Fund II LP, with $1.55 billion in commitments.
- The firm focuses on middle-market essential services businesses in various sectors.
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