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TPG’s recent deal for ed-tech startup EverFi reflects an emerging trend that one partner says the firm is well positioned to exploit. That trend, said TPG Partner Nehal Raj, is more cross-pollination between what would traditionally be thought of as growth equity and buyouts. In other words, more companies that have previously chosen to go public — those that […]
Madison Capital, Adam Willis, private equity, merger, M&A
Healthcare makes up >20% of lender’s portfolio Unrealistic value expectations of “me too” companies lead to failed processes Diverse pool of capital providers drives up debt multiples Adam Willis serves as a managing director at Madison Capital Funding, where he heads up the lender’s healthcare efforts and leads a dedicated team. Madison, with more than […]
MTS Health Investors is exploring the sale of Celerion less than three years after investing in the Phase 1-focused contract research organization, according to three sources familiar with the matter. The healthcare private equity firm has retained Lazard to advise on a process, the sources said. Lazard knows Celerion well, having conducted the process that […]
Nehal Raj
Q2 sees 127 announced PE deals vs. 75 in Q1; dollar volume also spikes Tech produces highest number of closed transactions TPG among most active in tech, supported by 3 funds with 3 different mandates A high-price environment hasn’t stopped traditional private equity firms from finding new investments, with sponsor-led dealmaking in tech fueling a […]
Welsh, Carson, Anderson & Stowe is looking to exit its more than decade-long investment in Aptuit LLC, a provider of early- and mid-phase clinical drug-development services, three sources familiar with the matter said. The contract research organization is projecting 2017 adjusted revenue and EBITDA of $126 million and $25 million, respectively, the sources said. William […]
MidOcean Partners is poised to collect an about 5x return on its initial investment in water flosser maker Water Pik, a source familiar with the matter told Buyouts. The middle-market firm said July 17 it would sell Water Pik, Fort Collins, Colorado, to Church & Dwight, parent of consumer product brands including Arm & Hammer detergent […]
DuPage Medical Group, the independent multispecialty physician group backed by Summit Partners, is nearing the end of its sponsor-focused sales process, four sources familiar with the matter told Buyouts. Ares Management is said to be the frontrunner in the process for the Chicago-area medical group, according to three of the sources. DuPage is expected to […]
Private-equity-backed call-center giant Alorica Inc is exploring the sale of its healthcare-revenue-cycle- management business, according to three sources familiar with the matter. The subsidiary, HCFC, is projecting 2017 pre-corporate EBITDA of about $20 million alongside about $49 million of revenue, marketing materials for the business show. Pre-corporate EBITDA doesn’t account for corporate expenses. Duff & Phelps has the […]
Gryphon Investors surfaced as the winner in the sponsor-driven auction for what is considered the largest provider of obstetric hospitalist services in the U.S. The San Francisco private equity firm agreed to buy Ares Management’s OB Hospitalist Group in a deal valued around $625 million, sources familiar with the matter told Buyouts. Moelis & Co and Jefferies […]
Century Park Capital Partners, Cirtec, medical devices, healthcare, private equity, merger, M&A
Top and bottom lines both grew ~4x during hold 3i investment concludes Piper Jaffray sales process Century Park recapped Cirtec in November 2010 Cirtec Medical Systems’ revenue and EBITDA both grew about fourfold during Century Park Capital Partners’ more than 6 1/2-year investment, Chip Roellig, a managing partner at the El Segundo, California, private equity […]

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