piotrk

Emerging managers have seen growth in the size of their limited partner base, according to the third edition of the Emerging Managing Report published by Buyouts Insider in partnership with Gen II Fund Services, LLC. The average number for emerging buyout managers increased by 15 from 2018 to 2019, while the average number for emerging […]

The recent heat wave hasn’t slowed U.S.-based buyout and mezzanine fundraising, which had another scorching surge. Since the last issue of Buyouts, fundraising added $18 billion to its year-to-date total, which surpassed the $200 billion threshold four months sooner than it did in 2018. Platinum Equity led the round. The California-based firm, founded by Tom […]

Chicago’s Linden Capital has scooped up Collagen Matrix in a deal valuing the maker of collagen-based medical products at around $425 million, according to people familiar with the matter. The transaction provides an exit for New York’s Metalmark Capital, whose investment dates to October 2014. Financial terms were not disclosed in the Thursday news release. […]

Hg has brought on professionals from CVC and Temasek to help open its first U.S. office, sources familiar with the firm told Buyouts. Gero Wittemann and Ben Meyer, both partners with Hg in New York, joined the firm in the fall of 2018 from CVC Capital Partners and Temasek, respectively. Around the same time, the firm also […]

Genstar Capital will acquire OEConnection for nearly $1.3 billion, sources familiar with the process told Buyouts. Providence Equity is exiting the investment after a three-year hold, while General Motors and Ford, both minority investors in the company, will retain their stakes, the people said. Each automaker owns 15 percent of OEConnection. The process, which kicked […]

Devin O’Reilly is a managing director at Bain Capital, where as a member of the North American Private Equity team he helps lead the firm’s healthcare investing efforts. Bain has a history of using complex deal structures to drive strategic transactions. How would you characterize this approach? At Bain Capital, what we’re looking to do […]

Regal Healthcare Capital Partners closed its sophomore fund at its hard cap of $165 million, according to a person with knowledge of the matter. The New York firm, which invests in healthcare services companies in the lower-middle-market, beat its $125 million target. The vehicle’s LP base includes healthcare services executives and entrepreneurs, some of which […]

Clayton, Dubilier & Rice generated a gross multiple of 3.2x on Tranzact, which helps consumers connect with health insurance policies, according to a source familiar with the situation. The private equity firm announced the  sale of Tranzact to global insurance broker Willis Towers Watson on Mar. 31. The $1.3 billion deal closed Tuesday in all […]

PE exit activity slowed in the first half of the year, pushing the inventory of PE portfolio companies to an all-time high, according to a recent report by PwC. In June there were more than 9,600 U.S. PE-backed portfolio companies, a 78 percent increase since 2009, the report said. Almost 40 percent of the current […]

By Sarah Pringle and Chris Witkowsky Longtime healthcare executive Jim Momtazee is departing KKR more than two decades after joining the global buyout firm, according to people familiar with the matter. Ali Satvat and Max Lin, already partners and senior leaders of the healthcare team, have stepped up to co-lead KKR’s healthcare efforts in the […]