European investments in the energy sector are soaring; venture capital funding drops again


S&P Global Market Intelligence offers our top picks of global private equity news and more released throughout the week.

Europe’s energy sector is experiencing a rapid increase in pequity and venture capital investments as the continent grapples with an energy crisis resulting from Russia’s invasion of Ukraine.

Investments in traditional and renewable energy companies this year have already exceeded full-year 2021 totals, according to data from S&P Global Market Intelligence. Transactions involving oil, gas and coal companies totaled $5.36 billion between Jan. 1 and Sept. 26, nearly 84% more than all of last year. Deals involving renewable energy companies over the same period totaled $5.51 billion, nearly nine times the full year 2021 total.

Meanwhile, the throttling of Russian natural gas flows is testing Europe’s ability to meet energy demands, and concern is growing as winter and the domestic heating season approach. . The continent is seeking a long-term replacement for Russian gas shipments before rising energy costs threaten its industrial sector.

European energy companies were already turning to renewables and moving away from fossil fuels before the crisis hit.

Learn more about how the shift to renewable energy is creating buying opportunities for private equity.

GRAPH OF THE WEEK: Venture capital funding rounds up again in September

⮞ Global venture capital investment in September fell nearly 63% year-over-year to $21.82 billion.

⮞ Funding rounds also decreased to 1,438 for the month, down more than 30% from September 2021.

⮞ The largest share of venture capital funding deployed in September went to companies in the technology, media and telecommunications sector, which sucked up 44.5% of the total in September.


* A group of investors completed the purchase of Nielsen Holdings PLC for approximately $16 billion in cash, including debt. The group included Evergreen Coast Capital Corp., a subsidiary of Elliott Investment Management LP, and Brookfield Business Partners LP. The audience measurement, data and analytics firm halted trading of its shares on the NYSE on October 12.

* Thoma Bravo LP is buying ForgeRock Inc., a digital identity solutions company, for approximately $2.3 billion. The cash agreement could be concluded during the first half of 2023.

* Blackstone Inc. contributed $500 million to its new global life insurance and annuity consolidation business with Resolution Life Group Holdings LP. The partners intend to raise a total of $3 billion in new capital for the company.

* Hy24 closed its Clean H2 Infra fund, which focuses on low-carbon hydrogen, with €2 billion in capital commitments. Hy24 is a joint venture between Ardian and FiveT Hydrogen.


* Actis LLP has completed the sale of independent renewable energy developer Atlas Renewable Energy to Global Infrastructure Management LLC.

* Warburg Pincus LLC, through a subsidiary of its managed private equity funds, has agreed to acquire a majority stake in Vistaar Finance. WestBridge Capital Partners LLC, Elevar Equity LLC, Omidyar Network Services LLC and Saama Capital are selling their stakes in the Indian lender.

* Investment vehicles advised by Acathia Capital GmbH increased their joint stake in Swedish life insurer Futur Pension Försäkrings to around 50% from 30%.


* TPG Capital LP and Clayton Dubilier & Rice LLC completed their acquisition of animal health technology and services company Covertrus Inc.

* Palatine Private Equity LLP, through its Impact Fund, has invested in UK digital health services company Redmoor Health Ltd.

* Egyptian health technology company Vezeeta has closed a funding round led by Gulf Capital, with participation from VNV Global.

*Rthe Center for Rheumatology heumatology platform has obtained an investment from Veronis Suhler StevensonWhere VSS Capital Partners.


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