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Greg VandenBosch left last year Alexander Fraser moves to senior adviser role Firm promoted two to managing director Alexander Fraser, a senior executive with GI Partners since 2002, has moved into a senior advisory role as he transitions out of the firm, sources said. It’s not clear exactly when Fraser will leave. He declined to […]

Private equity may produce lower returns in 2018 Portfolio structured for regional and sector focus Allocation estimated at $16 bln to $64 bln Increased competition for deal flow and high valuations suggest that private equity returns may reduce for 2018 and beyond, Abu Dhabi Investment Authority’s 2017 annual report said. But ADIA’s PE strategy of […]

WM Partners Fund I raised $307 mln in 2017 Clorox closed buy of Nutranext for $700 mln in April WM Partners invests in health and wellness WM Partners has attained the dream of emerging managers everywhere: Less than a year after raising its debut fund, the Fort Lauderdale, Florida, PE firm is set to launch its second pool after […]

One of the biggest growth areas in fintech right now is cybersecurity, the old-school sector that refers to companies that help secure payments, fight fraud or manage compliance requirements. Private equity has been investing in cybersecurity for more than a decade. Recent big-name hacks have given a fresh boost to the sector. Nearly every other […]

After nearly 11 years, Thomas H. Lee Partners will at least double its money with the initial public offering of Ceridian HCM. Ceridian HCM went public on April 26. The company raised $462 million after selling 21 million shares at $22 each, above its $19 to $21 price range. Ceridian opened for trade on both New […]

Nonantum works out of Charlesbank offices Bigger firm provided access to LP base Charlesbank partners committed to smaller fund Jon Biotti, a former Charlesbank executive, found a creative way to branch out on his own with help from his former firm. Biotti launched Nonantum Capital Partners in January. The firm announced the final close of its […]

Altas Partners, a pioneer of long-life private equity investing, agreed to buy the largest educator of physical-therapy professionals in the United States. The Toronto investor this week announced it will pay US$400 million to acquire the University of St. Augustine for Health Sciences, an academic institution that provides graduate health-science degree programs, primarily in the field of physical and occupational therapy. USAHS appears to be right in the wheelhouse of Altas, which was founded in 2012 by Managing Partner Andrew Sheiner to make control-stake investments in hard-to-replicate businesses and hold them indefinitely.

Stericycle unit likely to bring single-digit Ebitda multiple CRS: medical-product-recall services, patient-physician communications, call centers Stericycle set business-transformation initiative Stericycle is exploring the sale of its communication and related services arm, according to people with knowledge of the matter. The Lake Forest, Illinois, medical-waste management and compliance company has turned to JP Morgan for financial […]

$350 mln commitment Washington’s first with Sequoia Sequoia has avoided most public LPs for more than a decade Unclear whether Washington will disclose fund performance in future investment reports Washington State Investment Board appears to be the first major public pension to back Sequoia Capital’s new $5 billion growth fund. The $128.8 billion retirement system […]

Company projects ~$18 mln 2018 Ebitda Frazier invested in Abode in ’12 Webster, Vistria among sponsors to enter hospice care Adding to the streak of home-health and hospice-care activity, Frazier Healthcare Partners is approaching the sale of its platform in the sector, Abode Healthcare. The buyer is Tailwind Capital Partners, which prevailed in a Houlihan […]