903 - Notes de cours 4 PDF

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Informations sur le monde de la finance et plus particulier le Private Equity au mois de Mars...

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903 30/03

Bristol Hospice attracts $1bn+ bids, TA Associates to make 4.5x on Mitratech, Thoma Bravo acquires Applitools On the healthcare front, a mid-single-digit number of private equity firms will advance to enter the second round of sale process forWebster Equity Partners’ Bristol Hospice. In tech news, TA Associates is poised to make 4.5x its money on the sale of legal and compliance software provider, Mitratech, to Ontario Teachers’ Pension Plan. Also today, Thoma Bravo announced a growth investment in VC-backed software testing provider Applitools. According to a previous report by PE Hub, Applitools was thought to be too small to make a new PE platform, but Thoma Bravo proved that belief wrong. The press release attributes the partnership to... Challenging PE: A scathing report from the American Federation of Teachers called into question the asset class’s actual performance and effect on society but American teachers’ pensions reached by Buyouts seemed mostly unmoved by the report. Secondary market news: General Atlantic is running a potentially multi-billion dollar strip-sale-like secondary on four assets, rivaling that of New Mountain Capital.The process is one of the largest in the market. Read more on Buyouts.

Corporations vs PE: Veritas Capital and the PE arm of Elliott Management agreed to pay $70 a share last month for defense-and transit-technology company Cubic. But last week Singapore Technologies Engineering made an unsolicited bid of $76. Since then, the private equity duo raised its bid to $72 a share, and ST Engineering responded by boosting its offer to $78, WSJ reports.

PE Deals > Astorg to acquire Corialis from CVC Capital Partners More... > Kinderhook recapitalizes Cameron Wire & Cable More... > Thoma Bravo makes strategic investment in Applitools More... > Arsenal Growth Equity funds edtech firm Elevate K-12 More... > Gridiron-backed AML RightSource makes add-on acquisition More...

> Astarte takes minority stake in PAC More... > PE-backed MyFitnessPal taps Han as CEO More... > Shore Capital invests in IPC More... > H.I.G. to buy Hibu More... > ESO to secure investment from Vista More... > Carlyle Aviation Partners to buy Fly Leasing More... > Fonds de solidarité FTQ, IQ invest in NovAxis Solutions More... > Eleven Sports buys sports media and entertainment firm Team Whistle More... > Prudent Growth buys North Carolina apartment property for $4.9m More... > Broadridge Financial Solutions to buy Itiviti from Nordic Capital for $2.5bn More...

People > Linden Capital hires Fugate as operating partner More... > Lincoln International recruits More as managing director for TMT group More... > McGuireWoods adds new partner to Houston PE team More... > PPC-backed PLZ Aeroscience Corporation taps Hendrickson as senior advisor More... > JMP Group appoints Lehmann as president More... > Sterling Group promotes four More... > Perella Weinberg Partners adds new partner to team More... > North Sky taps Freudenberger as operating partner More... > Ontario Teachers’ hires Manulife’s Deacon as new CFO More... > Angelo Gordon appoints two managing directors More...

31/03

THL investment values Bazaarvoice at $1.5b-plus, Ares gains secondaries business through $1b Landmark acquisition, Avista sees opportunity to simplify earlystage drug-development Another tech deal: Thomas H. Lee’s recently announced investment in Bazaarvoice Network values the advertising technology provider at over $1.5 billion, sources familiar with the deal’s terms told PE Hub. The sale looks set to produce a significant return for Marlin Equity, which took Bazaarvoice private in February 2018 for approximately $521 million. Already an experienced investor in both outsourced pharma services and procurement processes, Avista Capital Partnersthrough eMolecules is now looking to address the needs of scientists occurring early on in drug discovery research. Finally, Ares Management has agreed to buy secondaries shopLandmark Partners from BrightSphere Investment Group in a $1.08 billion deal. In February, affiliate title Secondaries Investorreported that Landmark was targeting... Money pours into tech: Seventy-eight software and tech funds collected about $55 billion in Q1, nearly half of the total raised in North America, according to preliminary Buyouts’ data. By comparison, in 2020 – a year of robust tech fundraising – the strategy’s share was a more moderate 30 percent. The main beneficiaries of plentiful LP supply are established brands like Silver Lake and Thoma Bravo. Read more here. European healthcare: EQT is nearing an agreement to acquireCerba HealthCare in a deal valuing the French laboratories firm at about 4.5 billion euros ($5.3 billion) including debt, a Bloombergreport said. Partners Group Tuesday confirmed in an announcement that it is in exclusive discussions to sell the business.

Investing behind diversity: The Wall Street Journal writes that Mill Road Capital, a firm that aims to apply private-equity management strategies to public companies, is launching a new vehicle focused on improving board governance as well as racial and gender diversity at the businesses it backs. Read it here. PE Deals > PSG agrees to sell Pineapple Payments to Fiserv, Inc. More... > Brighton Park Capital makes $125m growth investment in OPSWAT More... > Ares Management agrees to buy secondary shop Landmark from BrightSphere More...

> PE-backed Telestream buys Masstech More... > MetLife Investment Management to back English Football League More... > Astorg to acquire Opus 2 More... > Dane Creek-owned United Raw buys pet retailer Wild Side More... > Blue Point-backed VRC buys Cascadia More... > eStruxture to acquire eight Canadian data centers from Aptum More... > Eurazeo to invest in French pet food brand Ultra Premium Direct More... > Revelation Partners supports Rosetta’s acquisition of seven biotech assets More... > Investcorp buys Investis Digital More... > Praesidian Capital exits Landmark More... > PE-backed Quisitive to buy BankCard USA Merchant Services More... > Ardian-backed Cérélia acquires US Waffle More...

People > PPC promotes Barry to VP for services team More... > BelHealth promotes two to managing partners More... > WM Partners promotes one to VP and another to senior associate More... > Elion recruits Skaler as East Coast regional director More... > GCP-backed Equine Network expands board with an addition More... > Gryphon-backed Shermco Industries names Holland as president and COO More... > Aavantibio taps Wright as chief medical officer More... > Linden Capital hires Fugate as operating partner More... > Lincoln International recruits More as managing director for TMT group More... > McGuireWoods adds new partner to Houston PE team More......