608 - Notes de cours 3 PDF

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Informations sur l'industrie du Private Equity au mois d'Aout...

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608 09/08

Avista to make 3.7x its money on Arcadia Consumer Healthcare; Great Point Partners' Softbox hits the market Happy Monday, everybody! Today we’ve got another example of sector specialism paying off, plus a healthcare packaging business hitting the auction block as it helps tackle the supply chain needs of the covid-19 crisis. Gains: In 2005, Avista Capital Partners spun out from DLJ Merchant Banking, opting then to solely focus Avista Capital Partners IV on healthcare. Its dedication to healthcare appears to be a good move. The New York firm is poised to produce an approximately 3.7x gross multiple of invested capital with the sale of Arcadia Consumer Healthcare to Bansk Group, according to an LP letter. The sale comes just over three years into Avista’s investment. Under its hold period, Arcadia has built out a portfolio of consumer healthcare products that includes premium vitamin and nutritional supplements, and OTC medicines in the therapeutic hair care, foot care, digestive health and specialty cough categories. Accounting for the Arcadia proceeds, the firm’s fourth buyout fund will have generated... Check out my full report on PE Hub. For sale: Great Point Partners has kicked off a sale process for Softbox, a UK-based provider of passive temperature controlled packaging for pharmaceutical companies, according to four people familiar with the firm’s plans. Baird is advising on the process. Softbox has developed a range of vaccine parcel shippers and pallet shipping systems capable of safely and securely transporting temperature-sensitive vaccines – ultimately supporting their global distribution, its website states. For sponsors evaluating the business, sources said, determining what forward-looking normalized EBITDA will look like will be a key question. That said, the supply chain demands of vaccines are not poised to go away. For the difference between passive and active containers, plus financials and more, read my full report on PE Hub.

Today's must reads > Avista to make 3.7 times its money with sale of Arcadia Consumer Healthcare More... > Great Point Partners brings Softbox to market More... > TPG bets on government digitization with Government Brands More... > PAI Partners bought PepsiCo’s juice businesses. What next? More...

New gig: Percheron Capital, launched by two ex-Golden Gateexecutives last year and raising its debut fund, hired another former colleague, Buyouts writes. Ben Lee, a vice president at Golden Gate Capital, left and recently joined Percheron. Read it on Buyouts. For sale: Z Capital Group LLC is exploring a sale of Twin Star Home, a maker of furnishings such as grill covers, standing desks and electric fireplaces, Bloomberg writes, citing people with knowledge of the matter. Read it here.

Secondaries: There’s been more shuffling at the top of CPP Investments‘ private equity group, a week after the Canadian pension giant said it had promoted its head of AsiaPacific to global head of private equity, writes Secondaries Investor. Read it here. PE Deals > Bansk Group buys Arcadia Consumer Healthcare from Avista Capital Partners More... > IMCO to buy Green Frog to develop battery business More... > PE-backed Wrench buys Boothe’s Heating, Air & Plumbing More... > Prudential Private Capital invests in Rougaroux Power Holdings More... > Clearlake to acquire Cornerstone in $5.2bn take-private deal More... > Flexpoint leads C$150m financing of PayFacto Payments More... > Mainsail invests in Boostlingo More... > Keensight divests stake in Demetra to Astorg More... > PSG invests in OfColor More... > Audax funds Team Cymru More... > ReUp Education secures investment from Avathon Capital More... > BlackSand Capital buys Honolulu building for $270m More... > IFC and Alta Growth Capital invests in Lottus Education More... > Prudent Growth Partners buys North Carolina office building More... > CenterOak Partners acquires HK Solutions More... > Relatient secures over $100m from Brighton Park Capital More... > F.L. Putnam buys Atrato Advisors More... > HCAP exits patient activation company 83bar More... > Stone Point-backed Lone Wolf acquires Terradatum More...

> Apex buys Greenough Consulting Group More... > Gen Cap exits L.W. Allen More... > Canadian PE sees rebound in deal values, volumes in Q2 More... > Alpine Investors completes $462.4m single-asset secondary on Ingenio More... > PSG and TPG co-lead recap of Government Brands More... > Butterfly agrees to invest in MaryRuth Organics More...

People > Northleaf adds Australasia managing director to team More... > TPG names Jack Weingart as CFO More... > Crestline Investors expands team with new hire More... > PE-backed Effectual taps Breslin as chief HR officer More... > Marlin Spring adds Clairvest’s Ken Rotman to advisory board More... > Pennybacker promotes three More... > NewView Capital taps Fu as partner More... > Portfolio Advisors taps Houtteville to head European secondaries More... > Rockefeller Capital appoints Ratigan as managing director More... > GI Partners-backed ARS taps Midgett as chief sales and marketing officer More......