And it’s another new era at PE HUB and Buyouts.
Some of you may have seen that Leeds Equity sold Buyouts Insider to PEI Media Group on Monday. PEI is owned by Bridgepoint Development Capital, a division of European buyout shop Bridgepoint.
I joined Buyouts in early 2017, shortly after Leeds bought the collection of media assets from UCG. UCG bought Buyouts insider less than two years earlier from Reuters.
So what kind of price tag did we command … anyone know? Reach me at email@example.com.
For the healthcare newsletter, while a bit abbreviated today in the midst of the week’s events, it’s business as usual.
New on the block: New Mountain Capital expects to field first-round bids next week for Convey Health, which provides outsourced benefits and compliance administration services to healthcare payers. Read my story for all the deets.
While it’s Convey that’s formally in the market, I’m even more curious to see what’s next for a larger payer services company owned by the New York PE firm: Equian.
When Veritas Capital, through portfolio company Verscend, forked out $4.9 billion for Cotiviti last summer, some viewed it as setting a new high watermark in the sector from a valuation standpoint.
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