Private Equity 3d Briefing
×Leadership Shifts
Sverica promotes Michael Dougherty to partner and Doug Patrican to principal pehub.com. The firm has also hired Matt Johnson as a principal. DPI names Sofiane Lahmar as new CEO pehub.com. Lahmar, a senior partner since 2010, will lead the firm. Encore promotes Paul Rivenburgh to managing director pehub.com. Rivenburgh joined Encore in 2016 as an associate. Cavu promotes Jared Jacobs to managing partner pehub.com. Jacobs joined the firm in 2017.
Major Deals and Acquisitions
BlackRock’s GIP and EQT line up potential $12.4bn AES takeover pe-insights.com. Global Infrastructure Partners and EQT are in advanced discussions to acquire US power producer AES. Woven Solutions acquires government consultancy Valence pehub.com. Falfurrias-backed Woven Solutions, a Reston-based cybersecurity firm, acquired Valence. Blackstone, CVC and Brookfield bid for VW’s $9.44bn Everllence carve-out pe-insights.com. Volkswagen’s diesel engine unit Everllence received bids from these firms. Equinix and CPPIB near $4bn Nordic data center deal pe-insights.com. Equinix and Canada Pension Plan Investment Board are close to acquiring pan-Nordic data-center operator at North. SolomonEdwards snaps up CFO’s Domain pehub.com. Renovus-backed Solomon Edwards acquired the consulting and recruiting firm. Bridgepoint invests in GoldState Music pehub.com. The capital will support a dedicated investment program focused on building and scaling music-oriented businesses.
Market Trends and Fundraising
FS KKR Capital Corporation, a publicly traded private credit vehicle managed by KKR, reported an increase in