Hello reader,

Welcome to the February 2021 issue of The Dealmaker.

While plenty of PE-backed companies have been conducting IPOs in recent months, few have matched the initial success of Bumble. Grocery chain Albertsons and pet supplies retailer Petco are two major names that have met more tepid responses in recent debuts.

These days, a PE-backed company can take multiple routes to the public market. For some, the seemingly limitless supply of SPACs now on the market represents a viable alternative.

Here are some of the most important M&A news we have read this month:

      • Blackstone’s $13B Bumble boon continues surge for PE-backed IPOs – Pitchbook
      • Uber to buy leading alcohol delivery service Drizly in $1.1bn deal – The Guardian
      • Aviva sells French business to Macif’s Aéma Groupe for $3.9 billion – Reuters
      • Tata Group to buy majority stake in BigBasket for $1.3 bn – VC Circle
      • Enovix Set to Go Public Through a SPAC in Deal Valued at $1.1 Billion – The Wall Street Journal
      • Kinder Morgan and Brookfield to sell 25% stake in NGPL – Reuters
      • Adjuvant Capital Raises $300 Million Global-Health Venture Fund – The Wall Street Journal
      • 10 big things: A VC-backed bet on teen sports superstars – Pitchbook