Centerbridge, Vistria team up in $1.4bn deal for Wellspring’s Help at Home, Peak Rock buys Halo Foods, Oaktree prices SPAC

Morning!

Centerbridge Partners is partnering with Vistria Group in a deal for Help at Home, writes Sarah Pringle on PE Hub. Wellspring Capital will retain a stake in the company by rolling equity as part of the transaction — something we see often these days: a GP finding a way to keep a hook in a growing company as a way to keep riding its growth. Wellspring held the business for around five years.

Centerbridge and Vistria have teamed up in the past on deals. They jointly acquired Civitas, which provides in-home and community-based care to individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. Read Sarah’s story here on PE Hub.

Top Scoops
Oaktree Capital’s special purpose acquisition company, Oaktree Acquisition Corp II, priced 22.5 million units at $10 each. The SPAC will look for companies in the industrial or consumer sectors.

Oaktree’s is the latest in a slew of SPACs hitting the market sponsored by PE firms or PE executives. Other recent SPACs include offerings from AEA Investors and Apollo Global Management. Read more here.

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