“It's not leverage, it's not multiple increase, it's really that companies are growing when they are backed by private equity investors,” said Claire Chabrier, president of France Invest and associate director at Amundi.
'We feel like the space is large enough to create multiple winners,' he said.
L Catterton, CD&R, TPG and Freeman Spogli are among the top PE firms eager to stake a claim in this hot market.
'In 10 years or so, we need to be recycling electric car batteries. You need to adapt your equipment to make sure that you're able to recycle batteries, which is completely different to recycling a car.'
'We are in a moment when the adoption of electric vehicles is accelerating, and manufacturers are coming up with better models,' Munger said.
'The North American refrigeration sector, particularly in commercial coolers, saw little consolidation until recently due to limited capital,' said Ronin's David Feierstein.
LLR principal Jesse Gray gave PE Hub an exclusive interview on the deal.
'As we think about the massive amount of paper still in healthcare, the inefficiency of payment transfers and payment modalities, that’s another huge avenue for us,' said FTV’s Mason.
There is 'a reluctance of buyers to devote a lot of resources towards looking at companies or participating in auctions that they ultimately don't think that they may win or be competitive in.'
With an expected wide scale adoption of electric vehicles supported by federal and state funding as, appetite is growing among PE firms to invest in this space.