905 - Notes de cours 5 PDF

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Informations sur l'industrie du Private Equity du mois de Mai...

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905 25/05

HIG set to buy CORA Health Services, Bain's US LBM snaps up American Construction Source As the physical therapy market continues to rebound amid the reopening of the country, HIG Capital has decided to acquire CORA Health Services from Gryphon Investors, multiple sources told PE Hub. The HIG deal, which was signed a couple weeks ago, values CORA at more than $500 million and was funded through the HIG Advantage fund. Read Sarah's story on PE Hub – confirmed by the parties shortly after in a Tuesday announcement. Bain's US LBM grows: Angeles Equity Partners and Clearlake Capital Groupbacked American Construction Source, a lumber and building materials (LBM) distribution platform, is being acquired by [pehub.com/bain-gets-second-shot-at-uslbm-setting-sights-on-runway-for-growth/]Bain Capital's US LBM. ACS, formed by the PE duo in 2018, serves custom home builders, repair and remodel contractors, and do-it-yourself homeowners. The company was created by merging three leading regional LBM distributors and later went on to.... Debut fund news: AEA Investors, which recently hired two experienced growth investors to lead a new strategy at the firm, is set to raise its debut fund for growthtech investments, sources told Buyouts. End to cold calling: Merrill Lynch is overhauling its advisor training program with an eye on improving career success rates. It's doing away with cold calling and encouraging trainees, who will mostly be sourced from employees at Bank of America branches, to use LinkedIn instead. Read more on Barrons.

Silent power of Malaysian LPs: When considering Asian LPs, Singapore’s Temasek and GIC are usually top of mind. Though the pair are among the region’s most active public institutions when it comes to private equity, their counterparts in neighbouring Malaysia could also become a major force in the asset class. Read the story on PEI. PE Deals > L Catterton acquires Kodiak Cakes More... > Raymond James Financial to acquire secondaries adviser Cebile Capital More... > Foran Mining to secure C$100m investment from Fairfax More... > PAI Partners enters into exclusive negotiations with Apave More... > Gryphon Investors sells CORA Physical Therapy to H.I.G. More... > Angeles, Clearlake to sell American Construction Source to Bain-backed US LBM More... > Swander Pace Capital-led investor group invests in Mighty Spark More...

> Monroe Capital supports Trive Capital’s recap of Oscar Larson. More... > WorkForce Software buys venture-backed Foko Retail More... > Raymond James hires Blake Otté for financial sponsors investment banking group More... > Printful achieves unicorn status with Bregal Sagemount growth investment More... > Blackstone buys minority stake in Prospect Hill Growth-backed Walker Edison More... > Mount Logan to acquire Ability Insurance for $20m More... > FSC completes investment in Spanish consumer finance specialist Ufasa More... > Enbridge, Fluxys, EIG bid for Brazil’s natgas import pipeline: Reuters More...

People > WCAS hires former Obama Admin health official as operating partner More... > Retired US Navy admiral William McRaven joins Lazard More... > WSIB’s exec dir Whitmarsh set to retire end of year More... > Blackstone Energy Partners taps Cathcart as senior advisor More... > Crossplane recruits Kaspar as human capital VP More... > Peel Hunt appoints Barrow to head private equity coverage More... > Astara Capital expands investment team with new hire More... > Atlantic Street Capital taps Steinle as partner More... > NMS Capital taps Schwartz as a principal for business services team More... > CalSTRS appoints Lichnock as new CEO More...

26/05

Thoma takes victory lap for Riverside's Greenphire, VSS invests behind growth in Oracle ecosystem, KKR injects $55m in eSSENTIAL accessibility In today’s headlines, Thoma Bravo unveiled its purchase of Greenphire, concluding a highly anticipated sale process launched earlier this year for the clinical trial payments technology business. Financial terms weren’t disclosed, however sources told PE Hub in January that existing investor Riverside Co hoped to fetch some $1 billion in a potential transaction. Recurring revenue stands at about $100 million, sources said at that time. One question was raised by sources in recent months. Would a financial sponsor... Read PE Hub’s brief on the deal and my previous coverage here. In other news, VSS Capital Partners invested $20 million to $40 million in Centroid Systems, a managed cloud-services provider, according to people familiar with the matter. Elsewhere, KKR is investing behind an interesting business concept I’ve never really considered. The firm injected $55 million in eSSENTIAL Accessibility, which through its tech and software helps to ensure online equality against the backdrop of more than one billion people worldwide who are living with a disability. New frontiers: Scott Conners’ goal in helping found FlowStone Partners was simple: “democratize” private equity by providing a path for high-net-worth investors to access private equity investments without having to build a family office. Now, with about 300 investors and the FlowStone Opportunity Fund's pro forma value between $160 million and $170 million as of the beginning of April, Conners feels ready to look toward new frontiers. Read it here on Buyouts. Newbie: GrowthCurve Capital, unveiled this week by founder Sumit Rajpal, ex-global co-head of Goldman Sachs’ merchant banking division, is preparing to launch an inaugural offering, sources told Buyouts. Read on Buyouts how much the fund is expecting to target.

Global push: HarbourVest Partners, headquartered in Boston, is opening its fifth office in Asia and its 11th worldwide, Private Equity International has learned. Check it out here. PE Deals > KKR invests $55m in accessibility-as-a-service company eSSENTIAL Accessibility More... > Thoma Bravo buys Greenphire from Riverside More... > Dublin Park sells Sila Heating & Air to Morgan Stanley Capital Partners More...

> Kidd & Co’s NexPhase Medical Devices acquires Proven Process Medical Devices More... > Charlesbank invests in Los Angeles-based RIA Lido Advisors More... > BDT Capital Partners acquires Culligan from Advent and Centerbridge More... > ADIA buys significant minority stake in Dedalus from Ardian More... > Canadian PE sees record transacting, lower values in Q1: CVCA More... > Clearlake sells NetDocuments stake to Warburg Pincus More... > PE-backed DWF acquires Barnescraig & Associates More... > L Catterton acquires Kodiak Cakes More... > Raymond James Financial to acquire secondaries adviser Cebile Capital More... > Foran Mining to secure C$100m investment from Fairfax More... > PAI Partners enters into exclusive negotiations with Apave More... > Gryphon Investors sells CORA Physical Therapy to H.I.G. More...

People > HST Pathways, backed by Bain, adds WebPT CEO Nancy Ham as independent board director More... > WCAS hires former Obama Admin health official as operating partner More... > Retired US Navy admiral William McRaven joins Lazard More... > WSIB’s exec dir Whitmarsh set to retire end of year More... > Blackstone Energy Partners taps Cathcart as senior advisor More... > Crossplane recruits Kaspar as human capital VP More... > Peel Hunt appoints Barrow to head private equity coverage More... > Astara Capital expands investment team with new hire More... > Atlantic Street Capital taps Steinle as partner More... > NMS Capital taps Schwartz as a principal for business services team More......