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Podcast

Episode 31 — PE Views: How is Growth Equity Connecting PE and VC?

November 3, 2021
As private equity targets emerging companies, PE investors are expanding VC deal terms and dynamics.

Emerging companies have historically been backed by venture capital funds, but as Europe’s startup scene matures, involvement by more traditional private equity investors is growing, particularly in the tech, consumer, and digital health sectors. Recent PE investments in emerging companies include stakes in Wolt, Moonbug Entertainment, Zwift, Klarna, Epic Games, and Oatly demonstrating the range of opportunities available to PE sponsors in this space. While PE investors are increasingly familiar with VC deal dynamics, they are also pushing to align growth-deal terms more closely with traditional buyout concepts.

In this episode of Connected With Latham, London private equity partner Tom Evans speaks with London emerging companies partner Mike Turner about what PE investors can expect when pursuing growth equity investments, from board representation to exit.

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