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The music has yet to stop for dealmakers, as buyers and sellers pull out all the stops to find and win good transactions in a historically high-price environment. “We’re not in the 8th or 9th inning of a sellers’ market,” said Justin Abelow, managing director of Houlihan Lokey’s financial-sponsors group. “We’re in the 12th or […]

Spectrum Equity’s auction for Net Health, the software provider for specialized outpatient care it backed more than five years ago, is nearing conclusion. Carlyle Group, through its U.S. Equity Opportunity Fund, is close to acquiring the Pittsburgh company, a Hart-Scott-Rodino early-termination notice shows. The FTC filing follows an Aeris Partners-run sales process for the company, […]

The SEC intends to develop regulatory oversight over cryptocurrencies as the number of coin offerings and volume of capital being raised explode, a member of the agency said. Shamoil Shipchandler, regional director of the SEC’s Fort Worth Regional Office, likened bitcoin initial coin offerings to a dressed-up form of an unregistered securities offering. “If you take […]

Permira’s sale of a majority stake in Montreal vitamins maker Atrium Innovations is poised to produce an about 4.3x return for the European buyout firm, a source familiar with the matter said. The buyer is consumer giant Nestle, which has agreed to pay $2.3 billion cash for the nutritional company, best known for its Garden […]

Limited partners in Excellere Partners’ second fund waived a key-man provision that was triggered by the recent death of Co-Founder Robert Martin, co-founder David Kessenich said. Kessenich, who is managing partner, described Excellere’s future as more or less “business as usual” after Martin’s passing. No changes are expected from either a leadership or strategy perspective, he said. Partners Patrick O’Keefe […]

Varsity Healthcare Partners’ longstanding thesis around the threat of obesity led it to a largely uncharted area for private equity: orthopedic services. If history repeats itself, more consolidation is poised to follow as the PE community looks to deploy capital in new specialty physician markets. Varsity invested in Orthopaedic Institute, the largest provider of orthopedic […]

TA Associates’ MedRisk, which offers workers’ compensation cost-containment services in the physical and occupational therapy segment, is exploring a sale, according to three sources. Centerview Partners has been engaged to advise on the process, two of the sources said. TA Associates, a global growth-oriented private equity firm, invested in MedRisk, King of Prussia, Pennsylvania, in 2016. […]

Excellere Partners Co-Managing Partner David Kessenich is now the firm’s principal owner following the recent death of the Denver PE shop’s other co-founder, Robert A. Martin, a recent SEC filing shows. Martin, who co-founded the KRG Capital Partners spinout in 2006, passed away Sept. 12, according to a Form ADV. Martin was 69, an obituary states. The […]

Olympus Partners’ acquisition of Vaco further validates the market for temporary staffing focused on harder-to-find skills like accounting and healthcare IT. The Stamford, Connecticut, sponsor is buying its majority stake in Vaco from Quad-C Management. Quad-C is exiting after about doubling Vaco’s revenue to the $450 million-plus range during its three-year hold. Vaco’s management, including Co-Founder and […]

Daniel Agroskin is a managing director at JLL Partners, where he leads the New York private equity firm’s healthcare efforts and is a member of the management committee. How would you describe JLL’s broader approach to healthcare investing? The way we think about healthcare is where the big dollars get spent. And that’s pharma, that’s […]