Deals
Latest
Views
What Is a Reverse TSA? Definition, Examples and Key Terms (2026)
Buyers plan for the TSA they will receive and get blindsided by the one they must provide. What a reverse TSA covers, when it arises, and the terms that keep it short.
Views
Diligence Firm vs Growth Execution Firm: Who Does What in a PE Deal (2026)
One firm decides whether the deal model holds. The other makes it true. What commercial diligence firms and growth execution firms each do, why 2026 blurred the line, and whether one firm should ever do both.
Views
Growth Equity vs Growth Execution: The Two “Growth” Categories PE Keeps Confusing
One is capital, the other is capability. Why sponsors searching for growth execution get growth-equity league tables, and how to tell the two categories apart.
Views
There are certain phrases in private equity that should come with warning labels.
Views
McKinsey has said the quiet bit out loud.
Views
Christopher Nolan has a better track record than most private equity funds.
Views
Blackstone is a fee machine wearing a buyout firm as a costume.
Record AUM, record fees, a 25% dividend bump, and $414 million of net realisations. The fee machine is magnificent. The exit machine is still in the shop.
Views
What Is a Transition Services Agreement (TSA)? (2026)
Legal sources define the TSA as a contract. Operators experience it as a countdown clock. What a TSA covers, what it costs, and why the exit is the first value-creation deadline of a carve-out hold.
Analysis
The Healthcare Digitalisation Gap: Why PE's Favourite Sector Is the Hardest to Digitise
2026 healthcare PE has pivoted from roll-up consolidation to tech-enabled care, but the deal thesis and the portfolio reality have never been further apart. What the digitalisation gap is, why it exists, and who closes it.
Views
The consulting firms have found a new way to bill the same hour twice.
Life