HPS wraps up $9bn mezzanine fund, Arsenal’s TractManager readies for sale, Blackstone acquires skincare brand ZO

Arsenal Capital mulls the sale of TractManager while Blackstone Group acquired a majority stake in ZO Skin Health.


Arsenal Capital is exploring the sale of TractManager, which provides software for healthcare systems that serves 40 percent of U.S. hospitals, writes Sarah Pringle today (from vacation!) I keep telling Sarah to actually take a vacation but the healthcare deal environment is nonstop right now.

As buyers assess a potential transaction, they’re likely to examine “what a cohesive GRC portfolio looks like or doesn’t look like,” one source noted.

“Hospitals are really struggling with their economics and all this stuff becomes more valuable,” another source added.

Read more here on PE Hub.

Top Scoops
Blackstone Group acquired a majority stake in ZO Skin Health, a California-based skincare brand sold through physicians and skincare professionals. Blackstone’s Tactical Opportunities unit made the investment. Read it here.

HPS Investment Partners closed a giant fund. The firm, which manages about $65 billion, closed its Mezzanine Partners 2019 Fund on about $9 billion to invest in junior debt with a focus on North America and Western Europe. The fund has total investable capital of more than $11 billion. Read it here.

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