The Private Equity team at international law firm CMS has advised on over 15 deals in the second quarter of 2024.
Rising activity levels seen in Q1 have continued into the second quarter of the year, reflecting an improvement in market sentiment across the UK and European Private Equity Sector. Increased clarity on interest rates and early signs that valuation gaps are narrowing has helped fuel recent upticks in activity.
CMS Head of Private Equity Jason Zemmel comments: “We have seen an increase in the number of deals in the second quarter of the year across a number of sectors, with technology, healthcare and business services in particular continuing to perform well. The UK market is now entering a new phase, as the PE sector comes under further regulatory focus, but recent activity levels show the sector is resilient with sponsors willing to proactively engage with market challenges.”
The CMS Private Equity team advises on all stages of a fund’s lifecycle, from formation and administration to the making of investments, portfolio monitoring and advising on exits. In Q2 2024, the team has advised on some of the most significant deals in the market, including:
- Providence Equity backed Superstruct on its auction sale to KKR
- TDR Capital on its investment in Jollyes
- Swiss Life/Vesper on the acquisition of Rad-x
- TJC (The Jordan Company) on its acquisition of Insulation Technology Group, and separately its portfolio company Communications and & Power Industries on the carve-out sale of its electron device business
- August Equity on its investment in Impact Futures
- Oak Hill Capital and Petauri Health on the acquisitions of Mtech Access and Delta Hat
- Providence Equity backed Globeducate on an investment from Wendel
- Sentinel Capital Partners on its purchase of Carrier Global Corporation's industrial fire business.
- Horizon Capital on the acquisitions of each of GFC Media Group, now known as Turnmill, and Alchemist Learning
- Synova and National Education Group on the acquisition of BlueSky Education
- The shareholders of GemSeek on its sale to Accenture
- The shareholders of Compass CHC on its sale to Omni Partners
- Horizon Capital and Dains Accountants on two separate acquisitions of Condie & Co and CRS VAT
- The sale of Octavia House Schools to Apposite Capital.
