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| PE bargain hunters swoop in on UK-listed companies | |  | | Security services provider G4S was bought by Warburg Pincus-backed Allied Universal for £3.8 billion. (Courtesy of G4S) | | | Private equity investors in search of a discount are targeting British public companies as of late. - So far this year, PE firms have conducted 131 buyouts of publicly traded companies in the UK, totaling £25.7 billion (about $36.5 billion) in deal volume and surpassing last year's high.
- The impact of the pandemic and Brexit have led to discounted valuations among public UK companies, making them attractive targets for PE firms.
- The surge of activity has led to criticisms that PE firms are taking advantage of UK-listed companies' vulnerabilities.
| | | | | | | | | | How VCs spur automation, better safety in agriculture | | The pandemic revealed major vulnerabilities in agricultural supply chains, highlighting the need for automation and stronger safety measures. Venture funding for agtech startups hit $1.5 billion in the first quarter of 2021, marking the fourth straight quarter of the vertical pulling in at least $1.5 billion.
Our latest installment of Emerging Tech Research explores the major trends that shaped this space globally in Q1, including optimism around pollination tools and technologies to extend the shelf life of food. Among the takeaways: - An emerging cohort of companies is developing technologies to prolong food freshness, reduce waste and improve margins for growers.
- Growers are recognizing the importance of pollination, and seeking tools and services such as rental bee colonies and artificial pollination methods.
- Widespread labor shortages have led to a rise in the development of harvest robots. The technology uses computer vision, 3D perception and AI to pick crops.
| | | | | | | | | | It's not uncommon for people to buy vacation homes they may only visit a few times a year. But what about a home you never visit that doesn't actually exist? [The New York Times]
A shortage of campsites in the US is hurting the environment and limiting diversity in the outdoors. One writer provides a few solutions. [Outside]
Why the super-rich are choosing Singapore as a safe haven. [Bloomberg] | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 386 Deals | 1683 People | 456 Companies | 25 Funds | | | | | | |
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| 2011 Vintage Global Real Assets Funds | | | | | | |
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| Chicago's VC ecosystem generated record funding, exit activity during pandemic | | Chicago's emerging tech and VC ecosystem set new records for both startup funding and exit activity in 2020. Companies across the region raised a record $2.6 billion in fresh funding, while exits generated $2 billion in value.
This installment of Bridge Bank's Markets to Watch series unpacks the top trends that have defined a decade of considerable maturity for Chicago's VC ecosystem. Additionally, the report contains analysis of the momentum behind its sustained strength in 2021.
Read the report | | | | | | | |
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| White Deer elevates two to managing partners | | | Houston-based White Deer Energy has appointed Jim Meneely and Joe Bob Edwards as managing partners of the firm. The duo will assume day-to-day activities including investment screening, analysis and professional development of the firm's investment team. Tom Edelman and Ben Guill, who established White Deer in 2008, will continue their role as partners. | | | | | |
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| QuintoAndar brings in $300M Series E | | | QuintoAndar, the Brazilian developer of a real estate marketplace for rentals and sales, has raised a $300 million Series E at a $4 billion valuation, according to reports. The round was led by Ribbit Capital, with participation from SoftBank's Latin America-focused Innovation Fund, Maverik, Dragoneer Investment Group and others. The round is said to bring QuintoAndar's total funding to $635 million. | | | | | | | | | | | | | | | TTYL lands $20M for fresh app | | | TTYL has reportedly raised around $20 million in Series A funding just days after the social media network operator launched a new app, Poparazzi. The funding was led by Benchmark, with Forbes reporting a valuation of around $135 million. Based in Marina Del Rey, Calif., TTYL has been backed by investors including Floodgate, Dream Machine and Weekend Fund. | | | | | |
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| CPPIB nears $1.3B+ Mobilitie deal | | | | | | | | | CDPQ-backed Avison Young acquires France's Cassian | | | | | | |
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| Further Global eyes $1.25B for second fund | | | | | | |
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"Although median middle-market deal size declined in 2020, corporate divestitures continued to augment. Carveouts represented just 8.2% of PE middle-market deals by count—but 12.1% by value. Large carveouts allowed diversified companies to refocus on their core businesses with added liquidity."
Source: PitchBook's 2020 Annual US PE Middle Market Report | | | | | |
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