Newsletter Edition 64
Apr 3, 2025
Siemens to Acquire Dotmatics from Insight Partners for $5.1B
Siemens AG has agreed to acquire U.S.-based R&D software firm Dotmatics for $5.1 billion from private equity firm Insight Partners, marking a major exit for the investor, Reuters reports.
Insight Partners, which acquired Dotmatics in 2017, has significantly expanded the company through strategic investments and acquisitions. The sale underscores the growing demand for high-growth software assets in the life sciences sector, where digital transformation and AI-driven research tools are becoming essential.
Siemens will finance the deal primarily through share sales of its listed entities, including Siemens Healthineers, according to CFO Ralf Thomas. The acquisition is expected to expand Siemens' industrial software market opportunity by $11 billion, reinforcing its focus on digitalization in life sciences.
CEO Roland Busch anticipates medium-term revenue synergies of $100 million annually, rising to over $500 million in the long term. Dotmatics, headquartered in Boston, is projected to generate over $300 million in revenue in 2025, with an adjusted EBITDA margin exceeding 40%.
Crestview Partners Closes $600M Continuation Fund to Drive Portfolio Growth
Crestview Partners has closed a $600 million continuation fund to support the growth of two portfolio companies from Crestview Partners III—VA Capital Company and ATC Drivetrain Investors/ATC Drivetrain Group.
The transaction was led by Apollo’s Sponsor and Secondary Solutions (S3) platform, with additional commitments from Hamilton Lane, the Crestview team, and other institutional investors. The fund will provide liquidity options for existing investors while enabling strategic expansion and acquisition opportunities for Venerable and ATC.
As part of the deal, investors have committed additional capital to drive further M&A activity and operational growth. Existing Fund III limited partners were given options to fully exit, roll over their investment, or reinvest in the new fund.
Lazard served as the exclusive financial advisor to Crestview, with legal counsel provided by Davis Polk & Wardwell and Paul, Weiss, Rifkind, Wharton & Garrison. Apollo S3 was advised by Weil, Gotshal & Manges.
Brookfield Nears $9B Acquisition of Colonial Pipeline
Brookfield Asset Management is close to finalizing a $9 billion-plus acquisition of Colonial Pipeline, the largest fuel transportation system in the U.S., according to a report by Reuters. The deal marks one of the biggest private equity-backed infrastructure transactions in recent years.
Sources indicate that Brookfield has emerged as the winning bidder in the auction process managed by Colonial’s five current owners: Caisse de dépôt et placement du Québec (CDPQ), KKR, Shell, IFM Investors, and Koch Industries. A formal announcement is expected in the coming weeks.
The acquisition represents a significant exit for Colonial’s shareholders, many of whom have held stakes for over a decade. CDPQ acquired its share in 2012 for $850 million, while KKR (23.4%) and IFM Investors (15.8%) invested in 2007 and 2010, respectively. Shell (16.13%) consolidated its stake in 2019, and Koch Industries (28.1%) has been an investor since 2003.
Colonial Pipeline operates a 5,500-mile network that transports over 100 million gallons of fuel daily from Houston to New York Harbor, making it a critical component of U.S. energy infrastructure.
Brookfield’s move aligns with its strategy of expanding its infrastructure portfolio across transportation, energy, and utilities. The deal also reflects a growing trend of private equity firms and institutional investors increasing their exposure to infrastructure assets due to their stable demand and predictable returns.
https://www.privateequitywire.co.uk/brookfield-nears-9bn-colonial-pipeline-deal/