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L Catterton, PatientPoint, private equity, healthcare, advertising, media, merger, M&A
Sales process expected to launch later this fall Searchlight Capital and Silver Point joined L Catterton as investors in ’17 PatientPoint competes with Outcome Health, the Chicago startup on the recovery from allegations of fraud last fall PatientPoint, the fast-growing provider of point-of-care healthcare advertising and educational content, is gearing up for a sale, four […]
Onex Partners, BrightSpring Health, healthcare, Canada, private equity, merger, M&A
Onex investment dates to 2004 Company serves complex populations: the disabled, elderly, at-risk youth Kentucky company reportedly weighed sale in 2014 Onex Partners is exploring the potential sale of BrightSpring Health Services, which offers various home- and community-based care services to the nation’s most in-need populations, according to people familiar with the matter. The Louisville, […]
Veronis Suhler Stevenson, VSS, private equity, SEC, law, litigation
Stevenson, VSS agree to pay $200,000 civil penalty SEC censures VSS Agency investigated secondary involving equity Fund III Jeffrey Stevenson, head of Veronis Suhler Stevenson, and the firm settled with the SEC over lack of disclosure of rising valuations on assets he purchased in a secondary transaction out of one of the firm’s older funds. Stevenson […]
Williams & Jepsen Management LLC is investing in Four Seasons Power Wash Twin Brook is not an investor of Williams & Jepsen: source Williams remains a Twin Brook employee Chris Williams, the Twin Brook Capital Partners’ co-founder who is out on indefinite leave, has gotten into the car wash business. Williams invested in Four Seasons […]
A third blank-check company from Gores Group is expected to price its initial public offering Thursday. Gores Holdings III Inc is looking to raise $375 million. The blank-check company is selling 37.5 million units at $10 each via bookrunner Deutsche Bank, according to an SEC filing. The underwriter has the right to buy an additional 5.625 […]
The auction of Ascensus, the retirement-plan provider backed by Genstar Capital and Aquiline Capital Partners, has begun, three sources said. First-round bids for Ascensus are due in mid-September, the sources said. Barclays and JP Morgan are advising on the process, which could see Ascensus sell for $2.25 billion, Buyouts reported in July. Ascensus, Dresher, Pennsylvania, […]
Penfund, a Canadian provider of junior capital to mid-market companies in North America, has hired Joe Mattina as a partner and head of origination, according to a news release. Mattina joins Penfund from New York alternative-asset manager Apollo Global Management. He was recruited by Apollo in 2013 to establish its Canadian office in Toronto. Mattina has since been responsible for the firm's credit origination locally along with certain coverage roles in the United States. Previously, Mattina was head of leveraged finance and sponsor coverage at Macquarie Canada, a managing director at Fortress Investment Group and a vice president at GE Capital.
Aberdeen Asset Management, Scott Reed, private equity
Focus on PE fund sizes below $750 mln Preqin: 59 pct of capital raised in Q1 went to 10 largest PE funds Smaller companies mean better chance for outsized returns: Aberdeen Scott Reed is co-head of private equity USA at Aberdeen, based in the Boston office. He joined Aberdeen in 2015 from FLAG Capital Management. […]
Carlyle Group, Centerbridge Partners, Gallatin Point Capital, Bain Capital Credit Sirius International Insurance, SPAC, merger, M&A, private equity
Several firms are backstopping plans by Sirius International Insurance Group to go public by merging with a SPAC. Gallatin Point Capital, Carlyle Group, Centerbridge Partners and Bain Capital Credit are buying $213 million of Series B preferred shares from Sirius in a private placement. This may drop to $111 million at Sirius Group’s option, a […]
Stone Point Capital and Ontario Teachers’ Pension Plan have officially exited NXT Capital after eight years. ORIX Corp said Aug. 29 that it closed its buy of NXT, a provider of commercial financing to middle-market and emerging companies as well as real estate sponsors. NXT will continue operating out of its Chicago headquarters while Robert […]
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