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Neuberger, EQT, CPPIB buyout to value Nord Anglia Education at $14.5B
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| (Maskot/Getty Images) |
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Neuberger Berman has joined a consortium that includes EQT and the Canada Pension Plan Investment Board as the group agrees to buy Nord Anglia Education, valuing the school operator at $14.5 billion.
"It's five degrees of separation from a continuation vehicle process and a PE growth transaction," said PitchBook lead PE analyst Tim Clarke. |
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PE investors in European healthcare are rolling up their sleeves
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| (Dan Kitwood/Getty Images) |
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Add-on deals in European healthcare PE have been declining for two years due to the higher cost of capital and the competition of deals in the market.
As capital costs undermine well-used buy-and-build strategies, could investors be forced to focus more on organic growth to create value? |
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As liquidity remains complex, will rate cuts eventually help?
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Datasite’s latest report examines the private equity liquidity landscape ahead of the last months of 2024, especially in the context of recent rate cuts by the European Central Bank and others. The report utilizes multiple PitchBook datasets to examine different aspects of liquidity trends, unearthing findings such as:
- PE exit rates have been surprisingly stable, even across regions, despite protracted liquidity, e.g. Europe has seen a slew of PE-backed IPOs that generated substantial exit value.
- The median acquisition size has hit a record in 2024.
- Holding times by sector have begun to spread out, suggesting industry-specific pressures are at play.
For more insights into liquidity for PE players, as well as what rate cuts may portend for exit prospects and rare datasets on continuation fund activity, read the full report. |
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Perpetual capital funds rise as GPs tap private wealth
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