Seaport Capital’s Post

Bain Capital is nearing a deal to acquire Envestnet, a top fintech firm, for about $3.5 billion. Envestnet, known for its innovative software for financial advisors, could announce the deal soon, reflecting its stock price of $63/share. This follows Envestnet’s exploration of sale options in 2022 and recent sale considerations reported in April. With over 108,000 financial advisors served, Envestnet has been urged by Impactive Capital to enhance performance. Amidst leadership changes, Envestnet continues to innovate, notably expanding partnerships with financial giants for personalized investment strategies. #Fintech #Acquisition #BainCapital #Envestnet #FinancialAdvisors #Innovation

Robust Network Solutions has been acquired by USwired, a subsidiary of Quatrro Business Support Services. Follow us at https://lnkd.in/gjP7rCRR or https://lnkd.in/ekZN_5t to stay informed. Check out our latest blog post on how a strategic IT approach is fueling private equity triumph in the modern landscape. Discover key insights and strategies that can help private equity firms stay ahead in today's competitive market. Check out the full blog here: https://lnkd.in/gcJ2S3kr #QBSS #PrivateEquity #ITstrategy

The combined factors of a tougher economic environment and a maturing industry are driving consolidation among private equity managers. In this month alone, CVC Capital Partners bought infrastructure-focused manager DIF Capital Partners, and London-listed Bridgepoint picked up Energy Capital Partners, another infrastructure specialist, for an equivalent of $1.05 billion, including debt. The two deals happened within a day of each other. Yet consolidation is a double-edged sword. While investors may be spared the tyranny of choice that comes with a saturated market, fewer players will be bad for competition and may eventually expose LPs to a higher fee burden and less diversification.

🚨 General Atlantic in Talks to Acquire Actis: Strategic Move Ahead of Potential IPO - General Atlantic is in talks to acquire infrastructure fund manager Actis to diversify and expand its asset base before a potential IPO as reported by the FT. - The deal, still pending finalization, could add $12.7bn to General Atlantic's existing $77bn assets under management. - This move follows a trend of larger private equity firms acquiring to increase fee-paying assets amid fundraising challenges. - General Atlantic, known for backing tech and consumer companies, recently broadened its offerings with acquisitions like Iron Park and Clipway. - The talks coincide with General Atlantic's reported confidential filing for an IPO, joining other major groups like Blackstone, KKR, and Apollo Global Management, Inc. - Actis, spun out from the UK government's development finance unit in 2004, has expanded beyond emerging markets into energy and infrastructure. - Actis executives could secure a significant windfall from the sale, having faced criticism for the spinout's terms in the past. - Actis, having raised $25bn from limited partners, focuses on sustainable investments and recently closed a $6bn sustainable energy fund in 2021. - The deal could provide Actis access to General Atlantic's investor base and support fundraising amid industry challenges.

We have included a new position in the portfolio – Macquarie Technology Group (MAQ). Our initiation of the position in the portfolio came after MAQ’s announcement of A$100mn equity raising to fund the acquisition of the underlying property (A$190m) of its existing Macquarie Park data centre. (MAQ historically entered into sale & leaseback agreements for the land and building shells). This acquisition represents the sovereign ownership of data centre assets for Macquarie and would provide greater control over its Date Centre growth strategy while retaining capital management flexibility for the future.   MAQ exhibits a high-quality business model with over 90% recurring revenue and strategically positions itself to leverage the ongoing megatrend of AI development and cloud computing, expanding its presence in cloud services and data centres.   Having ownership of the underlying property also makes MAQ more comparable to other peers such as NEXTDC which owns all of the underlying property to its DC portfolio in Australia.   We are of the view that MAQ is a high-quality growth company particularly post this acquisition that’s strategic suitable for company’s growth and valuation. The company is also benefitting from AI trend with AI’s growth and the associated rapid rise in compute power is accelerating while cyber-security demand is set to rise in lock-step with the AI and cloud growth.

More companies will die from under capitalizing than the alternative - in fact I have a portco that announced this today 😥 (in-ability to raise). HOWEVER so many great companies have died due to overcapitalization. Why does this matter? Usually because it sours people (especially investors) on the industry for years, despite a proven market. I think there are clear opportunities in industries where large players die. Investors that are able to see 👀 these second wave 🌊 industries and opportunities with companies that have a clear capital efficient execution (Usually #betweenthecoasts) will see exceptional returns. #Landons_Thoughts #SecondWave #VC #BetweenTheCoasts #ContrarianInvestor If you believe you are a contrarian investor - lets be friends, don't hesitate to reach out.

🌟💼 #Arcario (#ARCA) demonstrates remarkable financial growth & strategic foresight in Q4, setting a new benchmark in the #DigitalAssets sector. 🚀🌍 From acquisitions to partnerships, Arcario is leading the charge in redefining finance. #BlockchainInnovation https://lnkd.in/eyTBupnS

This week’s most important private equity news (2/3)   CVC's acquisition of a majority stake in DIF Capital Partners will result in the formation of a global private markets manager with approximately €177 billion (estimate) in total assets under management. This figure represents the combined value of assets managed by both CVC and DIF in various investment strategies, including private equity, secondaries, credit, and infrastructure. It signifies the considerable financial strength and market presence that this merged entity will possess in the investment landscape.   Full note: https://lnkd.in/eCEbdm2b   #privateequity #newsweek #BloomCapital

Today Lonsec announces that its largest shareholder, Generation Development Group (GDG) is seeking to acquire 100% ownership of the Lonsec Group. Under the terms of the agreement, GDG will acquire the remaining 61.9% of Lonsec for an upfront consideration of $197.4 million together with a deferred earn out payment of up to $55.7 million. Lonsec considers GDG to be a highly logical partner to accelerate the next phase of Lonsec’s growth. The proposed transaction, which is subject to approval by GDG shareholders, will enable Lonsec to further accelerate its organic and inorganic growth strategy by providing greater access to capital, an expanded product suite and greater market access. The proposed acquisition presents multiple growth avenues to Lonsec including further development of Lonsec Investment Solutions and M&A opportunities. Commenting on the deal, Lonsec CEO Mike Wright said, “This is an exciting time for Lonsec and a recognition of the strength of the business we and those before us have built for our clients since 1994. GDG has been a substantial shareholder of Lonsec since 2020 and has a strong understanding of the Lonsec business and is committed to supporting Lonsec in its strategic plans to grow further. “GDG are an ideal acquisition partner, intending to continue to operate Lonsec predominantly as a separate business, which means continuity of our existing product and service propositions for our clients. This transaction will enable Lonsec to accelerate plans for further investment into its business and we are enthused about the opportunities this deal presents for the business and our clients." Read the full media release: https://lnkd.in/ga9Rt9iC

2 Fails out of 3! I am not a fan of SPAC. I also don’t believe in the concept nor the reasoning behind the need of “back door listing” through a SPAC. Every time I see the word “SPAC”, I think about those mortgage backed securities that led to the 2008 Financial Crisis. I also think about how financial sharks “package” rubbish into sexy financial products to reap off the man-on-the-street. With the dissolve of NTAA, 2 out of the 3 originally listed SPACs on SGX have failed. The last one standing (now known as 17Live) is also not doing any better in all aspects. So, why SPAC? If you (startup) can, just list directly. If you can’t, then you probably should not be listed. It is just so simple! No matter how much make-up it puts on, a clown is still a clown. It would never be a Super Model just because of the make-up (unless it uses MeiYan app). #business #management #ceoinsights #spac #sgx #listco https://lnkd.in/g9grP97r