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FTV's ID.me joined hands with Slack to create a secure communication workspace for healthcare workers, while NewsCred is sourcing PPE masks and delivering them to NYC medical professionals.

Berkery Noyes and Drexel Hamilton are advising the company on its sale process, the sources said.

Precinmac, a maker of high-precision components for sectors including aerospace – an industry heavily impacted by coronavirus – remains unaffected by the current economic downturn.

The Waltham, Massachusetts, PE shop prevailed over PE-backed gastroenterology platforms and set aside up to $80m in total equity for the platform.

This crisis differs from 2008 in that many people believe the economy was strong before the pandemic-fueled downturn, which could mean a snapback recovery once the health crisis eases, Sack tells PE Hub.

Our senior editorial teams covering PE, private debt, infrastructure, real estate and secondaries discuss the latest in how private markets are responding to the coronavirus pandemic. Plus: ways firms are helping people out in the crisis.

Certain PE investments in the management entities of physician groups could qualify for SBA paycheck protection loans. The Advanced/Accelerated Medicare Payment Program should also be immediately impactful for many, but repayment of loans could prove tough, experts told PE Hub.

Most investors agreed that the technology sector remains relatively resilient to the disruption caused by the global pandemic, although B2B software companies are likely to experience different implications based on the exposure of the end-market they are serving.

The $2.65 bn deal closes shortly after the government deems veterinary services "essential business", validating private equity's longtime belief that the sector is insulated from economic downturns.

Firms backing industrials companies will modify investment strategies in the post coronavirus world, with those who can likely to increase US operations and downsize overseas operations in the supply chain.