piotrk

Furthering its push into musculoskeletal care, Varsity Healthcare Partners through Orthopedic Care Partners invested in The Steadman Clinic, Vail, Colorado’s world-famous sports medicine practice. The transaction brings OCP’s revenues to approximately $125 million, and on the basis of earnings makes it one of the largest PE-backed orthopedic companies in the country, a person close to the […]

Parchment, a PE and VC-backed EdTech company that digitizes and distributes education credential records, is on the block, sources familiar with the process told Buyouts. First-round bids were due last week, the people said. One of the bidders is likely to have preempted the process, they said. The sale is expected to value the company […]

Blackstone Group — after its investment in MagicLab (an owner of dating app Bumble)—sees opportunity in other online marketplaces, according to Jon Korngold, senior managing director and head of the firm’s growth equity team. Last week, Blackstone announced it is taking a control position in MagicLab, a parent company for the women-centered dating platform Bumble and […]

Persistence Capital Partners launched MedSpa Partners through its acquisition of a pair of aesthetic medical dermatology clinics. In partnership with entrepreneur Dominic Mazzone, the Toronto private equity firm has purchased Cosmedica, of Victoria, British Columbia, and SpaMedica, of Toronto. Mazonne has been named CEO of the new platform, alongside founding partners and physicians Mark Lupin […]

David Solomon has joined the ranks at consumer-focused Financo, bringing 29 years of M&A experience including more than a decade leading Lazard Middle Market. Solomon joined the boutique investment bank as both a managing director and member of senior management. Solomon will advise companies broadly across the consumer industry, including in the e-commerce and direct […]

Update: On Monday, Nov. 11, OpenText announced it would acquire Carbonite for $23 a share in a cash deal. Including debt, the transaction values Carbonite at $1.42 billion. Multiple PE firms are circling the sale of Carbonite, a Nasdaq-listed data protection company, which is accepting final bids, five sources familiar with the process told Buyouts. […]

Commercial banks are increasingly evaluating opportunities to buy boutique M&A firms as they look to add capabilities in dealmaking areas like healthcare, according to a senior banker at Freeman & Co, a boutique firm which specializes in selling other boutique investment banking franchises. If he had to choose, the healthcare, technology and consumer industries are […]

Goldman Sachs launched a dedicated middle-market advisory and financing effort earlier this year, pushing into the market for companies—sponsor and non-sponsor backed—with enterprise values of $500 million to $2 billion. Goldman expects more than 100 bankers to work on the middle-market team, called Cross Markets Group. Three senior bankers, David Friedland, Will Bousquette and Rob […]

In 2015 the secondary market was split evenly between non-traditional buyers and secondary specialists, defined as all investment entities actively looking to purchase closed funds on the secondary market, according to the Triago Quarterly Report. But since then, non-traditional buyers have taken up more and more of the secondary market, reaching 56 percent in 2018.

U.S.-based buyout and mezzanine fundraising had another huge boost, continuing a strong push to start the fourth quarter of 2019. Since the last issue of Buyouts, fund managers added $18.4 billion to its year-to-date total, now at more than $269.5 billion. KPS Capital Partners led the pack. The firm’s fifth flagship fund closed on $6 […]