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Ignoring a target’s back office can spell doom for a pending M&A deal, according to William Stone, founder, chairman and CEO of SS&C Technologies. While it doesn’t seem exciting, the back office is the infrastructure that ties a company together, Stone said in an interview with Buyouts. It ensures that the bills go out on time and clients are […]

Jordan still chairman, on investment and finance committees Fund is targeting $3.2 bln Expected close on March 15 Jordan Co expects to close its fourth flagship buyout fund on March 15, its first without Co-Founder Jay Jordan at the helm, Nebraska Investment Council meeting materials show. Jordan Co is targeting $3.2 billion to acquire middle-market companies […]

Eyeing $200 mln to $250 mln for debut fund Focus on special situations in Europe Two execs spun out of Wayzata The winding down of Wayzata Investment Partners has spurred the creation of at least two new firms. Executive John McEvoy left last year and formed Neponset Bay Capital to invest in distressed assets in […]

After more than five years, Thomas H. Lee Partners LP will double its money with the sale of Fogo de Chão Inc. Rhône Capital said Feb. 20 that it would buy Fogo in a deal valued at $560 million. Rhône is paying $15.75 a share cash for the Dallas restaurant chain. THL owns about 60 […]

Small cap fund to target companies with $450 mln of revenue and under Small-cap team has four deal leads, including former Gores Group exec GP offering $30 mln GP commitment Platinum Equity launched its debut small-cap fund targeting $1 billion to invest in companies with less than $450 million of revenue, sources told Buyouts. Deals […]

Led by CEO Guillermo Salazar, former Univita exec Home-based services include nursing, equipment delivery Other providers in play: CareCentrix, Landmark Health One HomeCare Solutions, a hybrid home health-services and care-management company, is exploring a sale, Buyouts has learned. Oppenheimer has been hired to advise the Miramar, Florida, company on a sponsor-driven sales process, the sources […]

John McEvoy was a partner at Wayzata Launched Neponset Bay in August Invests across shipping, forest products and aviation Wayzata Investment Partners has been contemplating its future and will likely wind down operations and not raise a new fund, sources told Buyouts last year. As is often the case in wind-down situations, executives have been leaving […]

Whitehorse Liquidity Partners has raised nearly US$730 million for its second private equity secondary fund, the firm said in a regulatory filing. The Toronto investor, founded in 2015 by Managing Partner Yann Robard, has so far accounted for more than three-quarters of the fund's target of US$1 billion. Whitehorse also reported raising US$193 million for an affiliated offshore vehicle. Fundraising for Whitehorse Liquidity Partners II comes roughly nine months after the close of the firm’s inaugural fund.

Warburg bought CityMD in reported ~$600 mln deal SBJ invested in Stat Health in 2016 CityMD urgent-care network would grow to 100 locations Warburg Pincus’s urgent-care network CityMD is making good on its pledge to expand through M&A. CityMD, whose walk-in clinics already dominate much of the New York City market, is nearing a deal for […]

Led by founder and CEO Jim Weber, MD TDDC: >60 locations and ~125 doctors Audax in 2015 recapped Gastro Health The country’s largest gastroenterology specialty group is weighing strategic alternatives, Buyouts has learned. Texas Digestive Disease Consultants has retained Nexus Health Capital, a boutique healthcare bank, to advise on a sponsor-focused process, three sources familiar with […]