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| In today's Daily Pitch, you'll find: | | | | | |
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| VCs dream of more-human robots | | | The future of startups specializing in robots that mimic human appearance and behavior may not be as far away as you think. Our latest Emerging Space Brief dives into the humanoid robotics sector, providing an overview of its current shape and the potential VC opportunities. | | | | | | | | | With optimism rising, borrowers of riskier loans rush to reprice | |  | | (Lyubimova Tatiana/Shutterstock) | | | | Issuers of riskier debt are taking advantage of improved market sentiment to slash borrowing costs—often on deals originally placed less than a year ago. So far this month, leveraged loan repricings already exceed all monthly levels since February 2021, and market conditions suggest the repricing wave will continue. | | | | | | | |
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| 2024 M&A confidence is on the rise, but what's fueling that trend? | | In the Citizens 2024 M&A Outlook survey, middle-market decision-makers shared that—despite some lingering imbalances—optimism shines bright.
Read why industry leaders, especially potential buyers, are enthusiastic about 2024 and learn about some of the unexpected factors at play.
Explore the 2024 M&A Outlook survey | | | | | | | |
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| PE deals plummeted in 2023—here's why it won't happen again in 2024 | |  | | (Diane Miller/Getty Images) | | | PE dealmaking plummeted in 2023 as higher interest rates upped the cost of leverage and clouded exit avenues made it challenging for managers to meet LP distributions.
To fuel a reboot in deal and exit activity and ultimately return capital to LPs, buyers and sellers of PE assets will have to come to an agreement on pricing in 2024. | | | | | | | | | A VC recovery on the horizon? | |  | | (Tetra Images/Getty Images) | | | After a challenging 2023, Europe's VC market is expected to pick up this year as investors believe the worst of the downturn has passed.
Check out these predictions from VCs active in Europe to see what's in store for the region's startups. | | | | | | | |
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| | Since yesterday, the PitchBook Platform added: | | 480 Deals | 1902 People | 494 Companies | 14 Funds | | | | | | |
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The Daily Benchmark:
2011 Vintage Global VC Funds with more than $250M | | | | | | |
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CVC Capital Partners' managing director in Mumbai, Mohit Goyal, is leaving the company, Bloomberg reported. Goyal was one of CVC's first hires in India.
Clayton, Dubilier & Rice has hired Dave Lewis, former CEO of UK supermarket giant Tesco, as an operating adviser to help source deals and support its portfolio investments across Europe.
UK mid-market PE firm Livingbridge has appointed Bevan Duncan as partner. Duncan rejoined Livingbridge last year after spending time as managing director of Gresham House's strategic equity division. | | | | | |
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| Don't miss our upcoming webinar | | Join our analysts as they recap the biggest 2023 trends in European PE and VC and help you get prepared for 2024. Whether you're interested in dealmaking considerations, exit market conditions, potential risks ahead or updates on raised capital, our experts will help you win what's next.
Register now to secure your spot. | | | | | | | |
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EQT and KKR are among the potential suitors for a $5 billion takeover of Broadcom's end-user computing business that it acquired following its takeover of VMware, Bloomberg reported. Thoma Bravo has also been looking at a potential bid.
Italian firm Style Capital is looking to acquire luxury fashion brand holding company New Guards Group, Women's Wear Daily reported.
Keystone Agency Partners, a Pennsylvania-based insurance brokerage platform backed by Flexpoint Ford, has acquired insurance price comparison service LifeQuotes. The deal marks KAP's 20th platform acquisition. | | | | | |
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| London-based Thema has launched a fund of funds targeting first-time VC managers in Europe. The firm plans to commit to four funds annually for the next three years. | | | | | |
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| General Atlantic has agreed to acquire UK-based infrastructure investor Actis. The deal will expand the firm's assets under management to around $96 billion. | | | | | |
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