Waystar preempts sale process for Francisco’s eSolutions, Accel-KKR invests in subscription management and billing platform Securly, LPs in older Kinderhook fund deciding whether to sell or stick in secondary

PE-backed Waystar will acquire Francisco Partners-backed eSolutions and the healthcare and tech sector has kept apace during the downturn

Big Scoop: It’s all about the intersection of healthcare and technology. That’s one segment of the market that, in terms of M&A activity, has kept up pace through the downturn. We have another one today: Waystar, backed by EQT, CPPIB and Bain Capital, clinched a deal to acquire Francisco Partners-backed eSolutions, writes Sarah Pringle on PE Hub today.

The deal values eSolutions between $1.3 billion and $1.4 billion, Sarah writes. Read the story here on PE Hub.

Top Scoops
Accel-KKR made a majority investment in Recurly, a subscription management and billing platform. The company reported 38 percent year-over-year increase in active subscriptions from June 2019 to June 2020. Read more here.

LPs in an older Kinderhook Industries fund are deciding whether to sell their interests in the fund, or roll their stakes with the GP into a continuation vehicle, I write on Buyouts today. The deal will give Kinderhook more time to manage out remaining assets in the fund. The deal was in the works before the pandemic, sources said. Read more here on Buyouts.

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