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Canadian Business Growth Fund, a mid-market fund launched this year with the backing of 13 financial institutions, is led by a former buyout pro turned business operator. George Rossolatos, CBGF’s CEO since January, learned the private equity trade while working with Brent Belzberg, one of Bay Street’s most storied investors. Rossolatos was with Belzberg for nearly a decade, first at listed merchant bank Harrowston, sold in 2001 to TD Capital, and then at TorQuest Partners, a firm they co-founded several months later.

Larry Thuet co-founded Park Hill Group Previously worked at Atlantic-Pacific Capital Jonathan Costello tapped to lead secondary advisory at Park Hill Larry Thuet, vice chairman at Park Hill Group, who for a long time led the firm’s secondary advisory business, will retire, sources told Buyouts. Thuet co-founded Park Hill, prior to which he worked at […]

Pamlico recapped Symplr in Nov. ’15 alongside existing investor, CapStreet Process likely to include broad range of strategics and sponsors Sources: price expectations around the ballpark of $600 mln Symplr, the private equity-backed provider of healthcare-credentialing software, is gearing up for a sale, five sources told Buyouts. William Blair has been engaged to advise the […]

Sell-side adviser: Nexus Health Capital Only existing investor in GI specialty is Audax, via ’16 recap of Gastro Health Process included potential opportunity to merge with Atlanta GI group Waud Capital is in talks to buy founder-run gastroenterology group Texas Digestive Disease Consultants, three sources familiar with the matter said. The anticipated transaction would conclude what […]

Toby Chambers worked at Roark for 11 years Worked on deals like Schlotzsky’s Deli and Moe’s Southwest Grill Red Dog has aspirations to raise an external fund Toby Chambers, a former Roark Capital Group executive, recently left the firm and formed his own shop, Red Dog Equity, to partner with managers and founders looking to grow their businesses. […]

Frontenac investment in BHG dates to ’11 Dallas provider operates >40 clinics to treat opioid addiction Other sponsors in the space: Webster, Warwick, Linden, Revelstoke, Housatonic Chicago’s Frontenac is bringing Behavioral Health Group to market about seven years into its investment in the opioid-treatment-network, according to three people familiar with the matter. Piper Jaffray has […]

Led by Founder, Chairman and CEO Nestor Plana Previous investors: Oak Investment Partners, Mansa Capital ILS works with payers to help patients avoid costly hospital and ER visits Independent Living Systems, which brings customized meals to seniors in their homes and offers care-management services to keep patients out of the hospital, is pursuing a recapitalization, […]

TorQuest Partners has sold yarn business Spinrite, capping an especially busy season of exits and acquisitions for the private equity firm. The Toronto investor this week announced the sale of its majority interest in Spinrite, North America’s largest consumer craft yarn maker, to Comvest Partners. Terms weren’t disclosed. Based in Listowel, Ontario, Spinrite produces tens of millions of yarn balls annually for a growing population of knitters and crocheters.

New Mountain investment dates to 2012 Company projecting >$100 mln 2018 Ebitda Process follows deals for Dentalcorp, Heartland Dental New Mountain Capital is exploring the sale of dental-services giant Western Dental & Orthodontics, according to people familiar with the matter. Deutsche Bank and Moelis have been engaged to advise the Orange, California, company on a sales […]

Water Street invested in Premise in June 2014 Nashville company manages > 500 employer-sponsored health and wellness centers OMERS investments in multisite space: NVA, Forefront, CBI OMERS Private Equity has claimed victory in the hotly contested auction for Water Street Healthcare Partners’ Premise Health, five sources familiar with the matter said. The anticipated deal for […]