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Bessemer Venture Partners, venture capital
Bessemer funds invest from seed to growth stages Previous fund raised $1.6 bln Firm promoted several to partner last year Bessemer Venture Partners is targeting $1.6 billion for its 10th venture fund that invests in across stages, from seed to growth rounds, according to a person with knowledge of the firm. Bessemer filed a Form […]
insurance, reinsurance, private equity, Aspen Insurance Holdings, Apollo Global Management
Aspen Insurance Holdings may find itself owned by private equity for a second time. Apollo Global Management is in talks to buy Aspen in a deal valued at roughly $2.6 billion, according to Insurance Insider. The Bermuda insurer could announce the sale to Apollo this week, Reinsurance.com said. Update: Apollo agreed Aug. 28 to buy […]
Cinven bought Medpace from CCMP for $915 mln in ’14 CRO raised $161 mln in Aug. ’16 IPO PE firm’s healthcare portfolio: Bioclinica, Stada Synlab Cinven has unloaded its remaining stake in Medpace 4 1/2 years into its initial investment, generating a 3.5x return, according to a source. The European private equity firm, following a […]
private equity, DJO Global, Blackstone Group, healthcare, orthopedics, merger, m&a
BX combined ReAble and DJO in $1.6 bln ’07 deal Transformation plan to drive 7-10 pct cost savings by year-end DJO: $313 mln adjusted Ebitda for year ended June 30 Blackstone Group is evaluating the sale of DJO Global more than a decade after investing in the provider of everything from knee braces to reconstructive […]
Thomas H. Lee Partners, private equity, SPAC, merger, m&a, Universal Hospital Services, healthcare, Scott Sperling
Deal value: $1.74 bln FSAC looked at >300 healthcare opportunities prior to UHS deal SPAC raised $460 mln in July ’17 Thomas H. Lee Partners’s purchase of Universal Hospital Services represents a new tack for the private equity firm, as the deal marks the first done through a blank-check company. “The evolution of the SPAC […]
Sanjay Swani, Saroras Capital
Led by ex-Welsh Carson sector co-head Sanjay Swani Targeting $600 mln Focusing on tech and business services A group of executives formerly with Welsh Carson Anderson & Stowe recently launched a firm to invest in middle-market tech and business services companies, sources told Buyouts. Saroras Private Capital is eyeing $600 million for its debut fund, […]
New York Media may be a trophy brand, but private equity will likely not be interested, bankers and GPs said. New York Media apparently went up for sale earlier this month. Lauren Starke, a New York media spokeswoman, told Buyouts by email that the company explores investment interest and strategic opportunities “as a general practice.” […]
BDC Capital has added to the bench strength of its growth equity group to make further inroads in Canada’s lower-mid market and deploy a $250 million fund. BDC recently hired three seasoned investment pros for offices in Vancouver, Toronto and Montréal. They include Jean Bédard and Loren Rafeson, who will serve as directors. Claude Miron, vice president and head of growth equity, said the recruits bring fresh capabilities to the team, extend its reach, and will help introduce BDC’s minority-capital offering to small businesses.
Great Hill Partners, known for its success with Wayfair, used an old-school retail strategy with a twist to drive consumers to Shade Store. The Boston PE firm opted not to create an ecommerce giant this time around. Instead, it built more Shade showrooms. That’s right. Great Hill’s answer to the retail apocalypse, which refers to the […]
NexPhase Capital, Comprehensive Pharmacy Services, pharmacy, healthcare, hospitals, private equity, merger, M&A
New York firm’s CPS investment dates to 2012 NexPhase members spun out of Moelis Capital in ’16 Investments: Synergy HomeCare, Clearway Pain NexPhase Capital is gearing up to launch a sales process for Comprehensive Pharmacy Services, which helps hospital pharmacies drive down drug costs, Buyouts has learned. Harris Williams has been engaged to advise the […]
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