After less than two years, Welsh, Carson, Anderson & Stowe is looking to exit Triple Point Technology, four sources tell peHUB.
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Warburg Pincus may be having problems selling Bausch & Lomb, but that hasn’t stopped the global PE firm from getting some of its investment back.
U.S. Anesthesia Partners, which is backed by Welsh, Carson, Anderson & Stowe, said Monday that Greater Houston Anesthesiology P.A. will serve as U.S. Anesthesia’s cornerstone affiliated practice. As part of the deal, U.S. Anesthesia will buy the Greater Houston Anesthesiology assets that provide practice management and business support services. Financial terms were not announced. Greater Houston provides anesthesiology services for major medical facilities in Houston and Austin.
Welsh, Carson, Anderson & Stowe, along with industry veterans Kristen Bratberg and John Rizzo, has formed U.S. Anesthesia Partners. Fort Lauderdale Fla.-based U.S. Anesthesia Partners is a single-specialty physician services organization focused on anesthesia and perioperative care. Bratberg will serve as CEO of U.S. Anesthesia Partners while Rizzo is president and chief development officer.
Buyout firm Welsh, Carson, Anderson & Stowe has ended talks on the sale of payment processing company TransFirst to pursue a dividend recapitalization, as potential buyers held out for combining it with a unit of private equity-owned peer WorldPay, sources said. Welsh Carson had hired investment boutique Financial Technology Partners to explore a sale of TransFirst, hoping to fetch between $1.3 billion and $1.5 billion in a sale, people familiar with the matter told Reuters in September.
San Diego, Calif.-based DriveCam Inc., a developer of video-based driver safety technology, has sealed $85 million from buyout firm Welsh Carson Anderson & Stowe. The funds are aimed at supporting the acquisition of RAIR Technologies, a provider of regulatory compliance technology for DOT-regulated fleets.
Boston-based private equity firm ABRY Partners is expected to exit Triple Point Technology after five years, sources say.
Welsh, Carson, Anderson & Stowe is buying Triple Point, persons say. The $500 million sale is expected to close this week, one source says.
Westport, Conn.-based Triple Point provides software to manage commodities and enterprise risk. The company employs more than 600 people in 12 offices and support centers around the world, according to the Triple Point web site…