Sarah Pringle
Ares inherited Alcami via acquisition of American Capital ~8 parties said to move forward in second round Pharma-services firm expected to trade for >12x Ebitda Alcami, whose outsourced drug-development services help pharma and biotech companies more quickly bring new products to market, is in the midst of a sales process, Buyouts has learned. William Blair […]
Frazier Healthcare Partners has raised its second pool of capital focused exclusively on growth buyouts of profitable lower-mid-market healthcare companies. Frazier Healthcare Growth Buyout Fund IX collected $780 million, surpassing its $700 million target. Investors included existing and new limited partners, including endowments, public/private pension funds and financial institutions. The GP commitment will represent 4 percent […]
Franchiser of nonmedical home care trades for 13x Other PE in segment: Riverside, PNC Riverarch, Linsalata, Gemini, Investors Management, Altaris, Summit Sell-side adviser: Livingstone Partners NexPhase Capital Partners, the Moelis Capital Partners spinout, has brought home the win for Synergy HomeCare in a deal valued just south of $80 million, Buyouts has learned. The transaction underscores […]
Tested market twice before, via Raymond James, Jefferies Palladium to fetch >4.5x return Home-health firm scores 9.5x to 10.5x Ebitda multiple Blue Wolf Capital Partners and Kelso & Co have joined forces to recapitalize Palladium Equity Partners’ Jordan Health Services in a deal valued around $700 million, according to people with knowledge of the situation. The […]
Vatica: risk-adjustment services at healthcare provider setting Great Hill investment team: Taber, Cofino, Byrnes Nashville company doubled every year since Rifaat joined as CEO in 2014 Great Hill Partners is the latest sponsor to snap up a piece of the risk-adjustment market, through its deal for Nashville startup Vatica Health. The majority recap of Vatica comes […]
Consumer most active sector with 184 deals; industrials, tech follow Sponsors gravitate away from competitive auctions On the horizon: carve-outs, creative deal structures, and the possible return of large consortium LBOs Deals are still getting done in a market where elevated prices are the new norm, but GPs flush with cash are working harder than […]
Imperial, OPTrust put C$121 mln in Dental Corp Toronto dental company’s Ebitda ~C$115 mln KKR in March bought U.S. dental major Heartland Imperial Capital Group and OPTrust Private Markets Group are approaching the sale of Dental Corp of Canada after rapidly scaling the largest dental network north of the border, according to sources familiar with […]
Berkery Noyes tapped as sell-side banker Company posts ~$20 mln in revenue EDCO growing 50% YOY EDCO Health Information Solutions, which digitally scans and sorts medical documents, is preparing to kick off a sales process, Buyouts has learned. In response to inbound interest, EDCO engaged Berkery Noyes for financial advice, sources familiar with the matter said. A process is […]
Julia Karol is president and COO at firm ILPA works on code of conduct for GPs 42 VC firms gave rise to #MovingForward Watermill Group has sent a letter to its portfolio companies, advocating for a culture of safety and calling on its management teams to update their codes of conduct and launch sexual-harassment training […]
Tech boosts healthier employee habits, productivity Evercore offers sell-side advice to Virgin Pulse IVP led $92 mln financing round in company in 2015 Virgin Pulse, the employee-health-engagement firm backed by Richard Branson’s Virgin Group and Insight Venture Partners, is exploring a sale, Buyouts has learned. Evercore is providing financial advice to Virgin Pulse, two sources said. […]