Haveli Investments’ Post

KKR agree with IQGeo.com Group on a takeover of UK tech Software Developer of £333 million pounds or $418.2 million, prompting the target's shares to rise. IQGeo shareholders could receive 480 pence in cash for each share. This represents a premium on the 464 pence a share on May 22nd. Alternatively, shareholders might also decide to receive unlisted shares. The board of IQGeo considered the cash offer terms to be fair and reasonable, and intends to recommend it to shareholders, KKR said. "KKR sees an opportunity to accelerate IQGeo's transition towards a recurring software centric business model and the development of IQGeo's future product roadmap under private ownership, it said. IQGeo provides software to telecom and utility operators. Its sector is undergoing major upgrades related to connectivity and sustainability goals, KKR said. https://lnkd.in/ecVFFWYA

SPAC Feed: Welcome to The Rundown! Each week we’ll identify and break down for you SPACs that are capturing market share and… - https://lnkd.in/e29MMUrn #SPACs #SPACNews #SPAC #IPO #markets #news #capitalmarkets #trends #goingpublic #finance #business

Check out mine and Madison Smith's latest article in the Bloomberg Markets Magazine: Track SPAC Offerings For Insight Into the Once-Hot Market Share sales by the blank-check companies peaked in 2021. Since then, the volume of offerings collapsed as many once-promising SPACs struggle. (Bloomberg Markets) -- What happened to the SPAC frenzy? Offerings of special purpose acquisition companies rose to a manic peak in 2021, when 755 of them sold a total of $172 billion of shares. A SPAC is a blank-check shell company that raises money in an initial public offering with the intention of using the proceeds to acquire or merge with an operating company. When the transaction is complete, the previously private operating company becomes publicly traded. Read more here: https://lnkd.in/d-9Pc2Eg

After raising nearly $1B in capital in recent months, some acquisitions are especially fulfilling - this one being the case. But, first, a thanks and brief recap. In a stage in life I’ve come to learn as 'post-achievement,' my good friend Damien Rocchi told me recently: “Jeff, you may not feel the need to share what’s been going on in your world, but there are probably many people who would like to know because they care about you.” Thank you, Damien, for the wisdom and kindness. Now, for the recap. Hard to believe, but this year marks a decade since I signed the contracts governing the sale of my former company to Baker Tilly. The years following the merger brought great experiences, scale and phenomenal people into my life - both professionally and personally. Lots of good decisions (and some mistakes) that led to a tremendous journey which included: * The privilege to work and create value across 100+ countries * Effecting large-scale, positive impact spanning multiple industry sectors, companies and the teams within them * The invitation to consider the global CEO role for a $4B organization If someone told me in 2014 that this is what would be ahead, I may not have believed it. The years since the merger were indeed great - and the people even better. My hope during the time we worked together is that I brought each of them some small measure of the significant enrichment they brought me. As in life, one’s career has seasons. In 2020 it was time for a new one to begin in mine - even if such change would not be immediate. In long being a 'free agent' post-close in the sale of my company, the pandemic marked a point of observation, reflection and clarity: it was time for a change. Specifically, it was time to return to industry as CEO through acquisition, with a focus on sectors aligned with my experience. The aim: find a company that does good work but facing an evolutionary hurdle - whether in leadership succession gap, growth, recapitalization or otherwise. Once identified, acquire it, lead it and honor the legacy of those who founded it by generating outsized market value and positive impact post-close. And to such work I took, starting in earnest in mid-2022 and joining forces with a small but mighty group of great people. Together, we raised nearly $1B of capital in support of single asset fund deals where we could lend our experience in turning good companies to into great ones. While there have been many deals in recent months, one where I can combine my love for healthy company cultures with my passion for value-creation and all things tech, mobility, space and the conquest of flight, this is an especially fun one share. Heartfelt thanks to those of you who have been part of the journey thus far, and who continue to be part of it going forward. Means a great deal. Excel always and in all ways - and keep in touch. https://lnkd.in/dsGiYnD2

Matt Harnett and Husnain Safdar, Tecum Capital, Colleen Pietrusinski and James Nickel, CIBC, celebrate with Edward Saxon, Conco Services LLC for winning the Deal of the Year Award Under $50M at the ACG Pittsburgh M&A Excellence Awards last night! Conco Services, a Rising Point Capital and Tecum Capital portfolio company, acquired Blue Wolf Performance Solutions in May 2023. Tecum Capital and UMB Bank Capital Corp. provided follow-on subordinated debt and equity capital and Unity Hunt, Inc. provided new equity capital to support the Blue Wolf acquisition. Matt Harnett, Husnain Safdar, and Carter Henderson led the investment at Tecum. The addition of Blue Wolf to the Conco portfolio of services created a single solution for specialty cleaning and testing solutions for industrial and power customers. With the acquisition, Conco has continued to service industrial and power customers across the U.S., with 19 domestic locations and globally with offices in Australia, Belgium, and Germany. See more about the deal here https://lnkd.in/emNpPfy5 #privateequity #investment #concoservices #energy #industrialcleaning #acquisition

It was a long road to liquidation for Apollo's SPAC, and the firm is not alone. Apollo Global Management's decision to liquidate and dissolve Apollo Strategic Growth Capital II, a SPAC intended to invest in growth-oriented, pre-IPO companies, is the latest byproduct of a frozen exit environment and declining valuations. Their liquidation began back when the blank-check company went public in February 2021, fueled by high private company valuations, a frenzied deal market and a proliferation of SPAC vehicles. Learn more from the PitchBook news team here: https://lnkd.in/gEeA2i3C

A rush of megadeals is powering a rebound in mergers and acquisitions, bringing some much-needed relief for investment bankers after two years of subdued activity. Global deal values are up about 21 percent year-on-year to more than $660 billion as the first quarter draws to its close, according to data compiled by Bloomberg. #BonusCuts #Dealmaking #HighInterestRates #M&ampA

A case study giving the highlights of a project where we helped a client overcome the tangle of legacy IP networks after multiple mergers and acquisitions. In the process of improving network hygiene and security, we were able to create revenue in a department that’s traditionally a cost center. Limited internal resources or resources juggling multiple functions can make it impossible to tackle the many-months-long data mining and documentation required for an overhaul. However, the revenue potential can be huge, especially when talking about surplus IP blocks in a market with a growing demand for this finite resource. But, it’s important to move fast amidst potential price fluctuations. Nettxio was able to come in with dedicated resources to provide the expertise and agility to make this collaboration a success. #CaseStudy #ReIP #DataMining #Technology #WeAreNettxio

On the 5th of February 2024, Everbridge, an enterprise software company specializing in critical event management and national public warning solutions, entered into a definitive agreement to be acquired by software investment private equity firm Thoma Bravo in an all-cash transaction valued at approximately $1.7 billion. The deal is in line with the rising global demand for cybersecurity solutions, and this alliance is in a favourable position to create value for both the investors in the deal and the industry as a whole. Click on the link below to read a full report about our analysis of this deal and improve your commercial awareness! Vice President: Ivan Petkov Associate: Riccardo Vittorio Perego Analysts: Adam Hrehovčík, Adwait Rayate, Alessandro Bosco, Leonardo Mottareale, Simon Sandewall Report by: Aastha Gupta, Samanvi Jain #markets #corporation #softwares #dealmaking #USA #investment #deals #investmentbanking #analysis #finance #economy #mergers #acquisitions #brand #UK #portfolio #companies

Stay in the know with our weekly roundup of the top deals from July 8-14. A total of 41 deals worth $853 million were recorded across various sectors. Key Highlights: Private Equity Investments: - Total no. of deals: 20 - Total deal value: $641.33 This segment included 2 private equity deals worth $550 million, 13 angel/seed deals totalling $22 million, 4 venture capital deals amounting to $65 million, and 1 venture-debt deal worth $2 million. The lead buyer was Brookfield Corporation, with $550 million invested. Mergers and Acquisitions - Total no. of deals: 15 - Total deal value: $71.65 Among these, there were 9 domestic deals valued at $49 million, along with 1 inbound and outbound deal each. L&T Semiconductor Technologies was the leading buyer, with an investment of $21.92 million. Equity Capital Market - Total no. of deals: 2 - Total deal value: $139 For more such premium market intelligence and insights, visit VCCEdge.com #DealRoundup #PrivateEquity #VentureCapital #AngelInvesting #MergersAndAcquisitions #EquityMarkets #InvestmentNews #MarketIntelligence #VCCEdge #IndustryInsights #WeeklyDealsRoundup Brookfield Asset Management Leap Green Energy Pvt. Ltd. Jupiter Wagons Limited Pitti Engineering Limited Dezerv SiliConch Systems