Hellman & Friedman to buy MultiPlan

By Luisa Beltran — 45 mins ago

Hellman & Friedman has agreed to buy MultiPlan Inc. Financial terms weren’t announced although press reports pegged the deal at $7.5 billion. GIC, Singapore’s Sovereign Wealth Fund, and Leonard Green & Partners are also investing in the deal. Starr Investment Holdings LLC and Partners Group, the sellers, will retain a minority. New York-based MultiPlan is a healthcare services provider. Barclays, Goldman, Sachs & Co. and Simpson Thacher & Bartlett are advising Hellman & Friedman. J.P. Morgan Securities LLC and Kirkland & Ellis LLP are advising MultiPlan and the seller.

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Clearview-backed Pyramid Healthcare acquires treatment centers

3 hours ago

Pyramid Healthcare, Inc., a portfolio firm of Clearview Capital Fund II, bought Mazzitti & Sullivan Counseling Services, Inc. and Quest Services, Inc., two outpatient substance abuse treatment providers in Pennsylvania. These mark the company’s sixth and seventh add-on acquisitions since it was recapitalized in 2011.

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CI Capital Partners acquires majority interest in Impact Sales

5 hours ago

CI Capital Partners acquired a majority stake in Impact Sales, a sales and marketing agency focused on the consumer packaged goods industry. Concurrently, Impact Sales also acquired California-based sales and marketing agency New Connections Marketing Group. Details of the transactions were not disclosed. The management teams of Impact Sales and New Connections Marketing Group retained stakes in the companies.

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City Capital Ventures buys majority stake in Diedrich Roasters

5 hours ago

Chicago-based City Capital Ventures, LLC acquired a majority stake in Diedrich Roasters, the Idaho-based manufacturer of batch coffee roasting equipment. The second investment of City Capital Ventures this year, the transaction was completed with Lighthouse Ventures.  KeyBank provided a senior term loan and revolving credit facility for the deal.

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JEGI represents Bisnow in sale to Wicks Group

By Eamon Murphy — 22 hours ago

The Wicks Group acquired Bisnow, a digital media outlet for commercial real estate news. The company, which also produces industry events across North America, was represented by JEGI, a New York investment bank servicing the media, information, and marketing sectors.

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Waud Capital partners with Ivy Rehab execs in management buyout

By Eamon Murphy — 1 day ago

Waud Capital Partners joined executives at Ivy Rehab Network Inc. to effectuate a management buyout of the company. Michael Neuscheler, CEO and founder of Ivy, and Dave Franklin, president of Ivy Midwest, partnered with Waud, which was seeking an entrance to the outpatient rehab therapy market. Industry executive Jeremy VanDevender will join the senior leadership team as president and chief revenue officer of Ivy Northeast.

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CVC sells Education International to private equity-led consortium

1 day ago

CVC Capital Partners sold Education International Corporation to a consortium headed by Chinese private equity firm NLD Investment LLP in partnership with EIC management and founder. Terms of the transaction were not disclosed. CVC invested in the educational counselling service provider in 2013 from Asia Fund III.

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Baring Private Equity to buy 35% of Telus International

By Luisa Beltran — 1 day ago

Baring Private Equity has agreed to buy a 35 percent stake in Telus International. The deal values Telus at about $1 billion. Telus shareholders will retain 65 percent. Telus International provides customer service, IT, and business process services to industry leaders across the telecommunications, utilities, high tech, gaming, finance, retail, e-commerce, travel and logistics, and health care sectors. Rothschild advised Telus.

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