PE-backed Adeptus Health debuts IPO

Adeptus Health, a portfolio company of Sterling Partners, has launched its IPO after pricing its 4.9 million shares at $22 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “ADPT.” Deutsche Bank Securities, Goldman Sachs, Evercore Group and Morgan Stanley are the lead underwriters. Adeptus Health owns and operates First Choice Emergency Room, a network of independent freestanding emergency rooms.

Century Communities rolls out IPO

Colorado-based homebuilder Century Communities has launched its IPO after pricing its 4.48 million shares at $23 per share. The stock began trading Wednesday on the NYSE under the ticker symbol “CCS.” FBR, J.P. Morgan and Deutsche Bank Securities are the lead underwriters. Its backers include Luxor Capital Group, BlueMountain Capital Management and Claren Road Asset Management.


Riverstone-backed Trailstone buys USOR

TrailStone, which is backed by Riverstone, said Monday that it has acquired U.S. Oil and Refining Co. No financial terms were disclosed. Deutsche Bank Securities advised USOR on the transaction. USOR operates a refinery in Washington state and provides petroleum products to the Puget Sound area.


Bain Capital-backed Trinseo prices IPO

Trinseo SA, a plastics maker that is backed by Bain Capital, has priced its IPO of 10 million shares at between $17 and $19 per share. The company plans on listing the stock on the NYSE under the ticker symbol “TSE.” Goldman Sachs, Deutsche Bank Securities, Citigroup and Morgan Stanley are serving as lead underwriters.


ANSYS acquires VC-backed SpaceClaim for $85 mln

ANSYS, an engineering simulation software firm, has acquired SpaceClaim Corp. for $85 million in cash. Deutsche Bank Securities was financial adviser to SpaceClaim on the transaction. Based in Concord, Mass., SpaceClaim is a 3-D modeling tool provider. SpaceClaim was backed by Kodiak Venture Partners, Borealis Ventures, Needham Capital Partners and North Bridge Venture Partners.


Charterhouse Capital’s Pointwell Limited acquires Skillsoft

Dublin, Ireland-based education software provider Skillsoft said Monday that it has sold its subsidiaries to Pointwell Limited, which is backed by Charterhouse Capital Partners. No financial terms were disclosed. Deutsche Bank Securities advised Skillsoft on the deal while Ropes & Gray served as legal counsel. Barclays served as exclusive financial advisor to Pointwell Limited. Skillsoft was backed by Advent International, Bain Capital and Berkshire Partners.


PE-backed Paylocity debuts IPO

Paylocity has priced over 7 million shares of its IPO at $17 per share. The stock begins trading Wednesday on the NASDAQ under the ticker symbol “PCTY.” Deutsche Bank Securities, Merrill Lynch, Pierce, Fenner & Smith and William Blair & Company are the lead underwriters. Paylocity is a provider of payroll services and human resources solutions. It is backed by Adams Street Partners.


VC-backed Veeva launches secondary offering

Veeva Systems will launch a secondary public offering of its stock. The number of shares that will be sold have yet to be set. Morgan Stanley, Deutsche Bank Securities and J.P. Morgan Securities will serve as lead underwriters. Based in Pleasanton, Calif., Veeva Systems is a provider of cloud-based software solutions for the global life sciences sector. It is backed by Emergence Capital Partners.

Spirit Airlines Announces Sale of Common Stock by Oaktree

Spirit Airlines has announced the public offering of 9,394,927 shares of common stock by certain existing stockholders affiliated with Oaktree Capital Management. Upon completion of the offering, investment funds affiliated with Oaktree will own no shares of common stock of Spirit Airlines. The company will not receive any proceeds from this offering. Deutsche Bank Securities […]

New Underwriters for Brightsource

Four new underwriters are supporting the initial public offering of BrightSource Energy, a solar company, according to a new version of the company’s prospectus filed with regulators. Barclays Capital, Lazard Capital Markets, Robert W. Baird & Co. and Raymond James & Associates have joined the underwriting consortium, which is led by Goldman Sachs & Co., Citigroup Global Markets and Deutsche Bank Securities, the filing shows.

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget


VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget