CD&R amasses $12bn for Fund XI, Summit Partners-backed CareCentrix enlists Morgan Stanley to weigh options, BV Investment Partners generates 2.6x return on Franco Signor

BV reaps more than 2.6x its money on the sale of Franco Signor and CD&R collects $12 billion for its 11th fund


Summit Partners-backed CareCentrix, a home-and post-acute care benefits manager, is considering options in response to inbound interest, wrote Sarah Pringle on PE Hub.

Summit completed its growth investment in CareCentrix in 2011. Water Street Healthcare Partners previously owned the company, Sarah wrote. For CareCentrix, the current deal talks follow a sales process conducted by UBS and Allen & Co in 2017.

Read more here on PE Hub.

Top Scoops
BV Investment Partners reaped more than 2.6x its money on the sale of Franco Signor, which provides Medicare Secondary Payer software and services, according to Sarah on PE Hub. BV sold the company to Verisk, a publicly traded data analytics and risk management firm.

BV Investment Partners acquired the company for $160 million. With the sale, BV generated an IRR of almost 100 percent less than a year and a half into its investment. Read more here.

Clayton, Dubilier & Rice collected $12 billion for its 11th fund, making the pool the long-time New York shop’s largest ever. Read the news brief here on PE Hub.

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