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Private equity is picking up another noncore unit from Newell Brands, the household-goods group that has put several brands on the block. ACON Investments said Aug. 13 that it was buying Goody Products from Newell. Terms weren’t disclosed. Goody makes hair-styling tools and accessories, including brushes, banana clips and scrunchies. The number of jobs included in […]

Cressey acquired majority stake in December 2011 InnerChange: 7 residential treatment programs PE firm closed Fund VI at $950 mln in June Cressey & Co has exited its investment InnerChange, a provider of residential mental-health treatment, Buyouts has learned. While the firm has not formally announced the transaction, the Chicago private equity firm no longer lists InnerChange […]

Wynnchurch Capital has acquired a business that makes the uniforms worn by Canada’s military, border control and correctional facilities’ personnel. The private equity firm said this week it invested in Logistik Unicorp, a Saint-Jean-sur-Richelieu, Québec, provider of uniform solutions to corporate and public-sector organizations. Terms weren’t disclosed. The sellers were Argosy Partners and Clearspring Capital Partners. The platform investment is Wynnchurch’s 10th in Canada and seventh since 2009, when the Chicago-based firm opened an office in Toronto.

Firm: Riverwood Capital Fund: Riverwood Capital Partners III/Riverwood Capital Partners LatAm Target: $1.25 bln/$250 mln Amount Raised: N/A Placement Agent: Park Hill Group Riverwood Capital is targeting $1.25 billion for its third flagship fund and $250 million for a sidecar focused on investments in Latin America, according to a person with knowledge of the firm […]

Summit, GSO launched platform in ’06 with former AmeriPath execs Debt, reimbursement cuts pressured company in past years WSJ: UBS hired to run ’16 sales process Aurora Diagnostics, the Summit Partners– and KRG Capital– backed anatomic-pathology-services and cancer-diagnostics company, is back in the market, four sources told Buyouts. The Palm Beach Gardens, Florida, company has […]

Warburg Pincus, one of the oldest private equity firms, confirmed its investment in Procare Software. The New York firm did not disclose terms or how much of Procare it would own. Buyouts reported last month that Warburg was buying Procare for $550 million. TA Associates, the seller, said it would retain a stake in the […]

Firm: Jordan Co Fund: Resolute Fund IV Target: $3.2 bln Amount Raised: ~$3.2 bln Jordan Co raised about $3.2 billion in a recent third close, hitting the target on its fourth fund, according to an investor letter seen by Buyouts. Fundraising is substantially complete, according to an LP with knowledge of the fund. When Fund IV […]

Healthcare PE firm invested in NextCare in ’10 via Fund I Arizona company operates ~140 walk-in urgent care clinics Recent segment activity: Brockway Moran’s MD now sale Enhanced Equity is in the midst of its latest sales process for urgent-care provider NextCare, according to three sources. The sellers have turned to JP Morgan for financial […]

West bought Health Advocate for $256 mln in 2014 Company founded 2001 by 5 former Aetna execs Strategics and PE in mix for patient-advocacy company West Corp is exploring the sale of its patient-advocacy unit, Health Advocate, less than a year after Apollo Global Management completed its take-private of the company largely known for its conference-call […]

PE firm formed Odyssey in partnership with CEO Kardenetz in ’15 Auction seen producing low-to-mid-teens multiple Also for sale: Frontenac’s Behavioral Health Odyssey Behavioral Health, the Nautic Partners-backed provider of mental health and addiction treatment, is on the auction block, four people familiar with the matter said. The Brentwood, Tennessee, behavioral-health company has turned to Moelis […]