The private equity firm is looking at some potential deals in insurance distribution and wealth management.
‘While the UK economy may see subdued growth in 2024, we see international growth as a key driver for our portfolio.’
But Castore ‘won’t lose sight of what’s brought them to this point – the really great local teams that are extremely well-loved within their communities’, said Raine’s Jason Schretter.
The private equity firm has used the market slowdown ‘to compound equity value behind high-quality portfolio companies’.
Blackstone agreed to buy Civica, a cloud software service provider, from Partners Group for around $2.5bn in late November.
'If the turnover rate were to go to 2-4 percent, there's massive growth for this market,' says Perry. 'And that really speaks to the upside potential in terms of growth for the secondary market.'
PAT has opportunity to grow thanks to a deficit of towers in Nigeria as well as the country’s growing use of mobile data, says DPI’s Adefolarin Ogunsanya and Verod’s Daniel Adeoye.
Aurelius, Advent International, HIG Capital, Investindustrial and Keensight Capital are among the private equity firms playing in the sector.
'When we invested in 2016, our digital offering was nascent, whereas today, the delivery app and digital side drive about 30% of the business,' says managing director Melis Kahya Akar.
In October, MidEuropa announced it is selling Profi to Ahold Delhaize.