PE Hub
NOVEMBER 2, 2023
David Causby will continue to serve as Gentiva's president and CEO, and the combined company will remain headquartered in Atlanta. The post CD&R-backed Gentiva acquires ProMedica’s home health, palliative, and hospice business appeared first on PE Hub.
Private Equity Insights
NOVEMBER 2, 2023
Charlesbank Capital Partners is aiming to raise $1.25bn for its third opportunistic credit fund, looking to invest in new corporate loans as well as to purchase them from other private credit shops to take advantage of market dislocations. The fundraising, which so far has closed on a commitment of $1.2bn, is looking to wrap up early next year, according to people who asked not to be identified because the information is private.
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PE Hub
NOVEMBER 2, 2023
Century Box was founded in 1978 by Alvin and Johanna Kagan. The post CORE Industrial Partners invests in packaging firm Century Box appeared first on PE Hub.
Private Equity Insights
NOVEMBER 2, 2023
Kobalt announced a new partnership with investment funds managed by Morgan Stanley Tactical Value to invest more than $700m to acquire music copyrights over the next few years. As part of the venture, Kobalt will manage the creative, synch, licensing, administration, and investment services for the copyrights. “Kobalt is a pioneer in investing in music, increasing the value of copyrights, and creating music as a viable asset class,” said Laurent Hubert , Chief Executive Officer, Kobalt.
PE Hub
NOVEMBER 2, 2023
MedImpact Healthcare has a $575m stalking horse bid to acquire Rite Aid's Elixir pharmacy benefit manager business. The post Bankrupt Rite Aid’s Elixir business ripe for mid-market PE buyout appeared first on PE Hub.
Private Equity Insights
NOVEMBER 2, 2023
EQT AB has resumed seeking to acquire Global Switch Holdings Ltd. in a deal that could value the data center company at around $6.5bn, people familiar with the matter said, months after earlier talks stalled over disagreements on valuation. The private equity firm is in discussions with Global Switch’s Chinese owners about a potential deal, said the people, who asked not to be identified as the information is private.
Private Equity Central brings together the best content for private equity professionals from the widest variety of industry thought leaders.
Private Equity Insights
NOVEMBER 2, 2023
TPG Inc. , a leading global alternative asset management firm, today announced the successful completion of its previously announced acquisition of Angelo Gordon for $2.7bn. The transaction follows the completion of customary closing conditions, including HSR, international regulatory approvals, and other client and third-party consents. With the completion of the transaction, TPG’s investing platforms span a broadly diversified set of strategies, including private equity, impact, credit, real e
PE Hub
NOVEMBER 2, 2023
CORE Industrial Partners backs packaging firm Century Box. The post Rite Aid PBM biz may attract PE bidders; CORE Industrial wraps up packaging deal as sector recovers appeared first on PE Hub.
Private Equity Insights
NOVEMBER 2, 2023
Brookfield Asset Management closed its Brookfield Infrastructure Debt Fund III at over $6bn, which the firm said is the world’s largest private infrastructure debt fund. Capital commitments include more than $400m in discretionary co-investment capital, Brookfield said in a Nov. 2 news release. The firm also committed $600m to the fund, which it said underscores its alignment of interests with other investors.
PE Hub
NOVEMBER 2, 2023
Warburg Pincus, Centerbridge, KKR and Charlesbank are among the PE heavyweights betting on financial services. The post Money, money, money: 6 PE-backed financial services deals appeared first on PE Hub.
A Wealth of Common Sense
NOVEMBER 2, 2023
A reader asks: I appreciate Ben’s long-term view of stock market corrections but what if this time is different? What are the stats when the Fed is actively offloading trillions of assets AND raising rates? What if this cycle is an anomaly and should be treated as such? This question was written in response to a recent post where I used the following table to show the historical distribution of losses over the past.
PE Hub
NOVEMBER 2, 2023
D2C Media is a Montreal-based automotive technology and digital solutions provider in Canada. The post Cars.com acquires D2C Media from Housatonic Partners appeared first on PE Hub.
FinSMEs
NOVEMBER 2, 2023
Treads, a Park City, UT-based AI-powered car maintenance subscription platform, raised $4.6m in seed funding. The round was led by Mucker Capital with participation from investors including Kickstart Seed Fund, Peak Ventures, Royal Street Ventures, and Convoi Ventures. The company intends to use the funds to support its expansion into 16 additional cities in the U.S., making […] The post Treads Raises $4.6M in Funding appeared first on FinSMEs.
PE Hub
NOVEMBER 2, 2023
Heartland Generation is a power generation company with operations in Alberta and British Columbia. The post TransAlta to buy Heartland Generation from ECP in C$658m deal appeared first on PE Hub.
FinSMEs
NOVEMBER 2, 2023
Real Estate Business Analytics, a Littleton, CO-based data analytics company, received a multi-million dollar growth funding from Decathlon Capital Partners. The amount of the revenue-based deal was not disclosed. The company intends to use the funds to drive new product development and expand customer support and operational growth. Led by CEO Donald Davidoff, and Chief […] The post Real Estate Business Analytics Receives Multi-Million Dollar Growth Funding appeared first on FinSMEs.
PE Hub
NOVEMBER 2, 2023
The deal is expected to close in December 2023. The post Tailwater and Ares to sell midstream company Cureton to Williams Field Services Group appeared first on PE Hub.
The Big Picture
NOVEMBER 2, 2023
Before yesterday’s FOMC meeting, I reiterated my view from July 2023 that this hiking cycle was – or at least should be – over. The Narrative bias driving commentary today is that this sudden bullishness is the market sussing out the last hike. But this after-the-fact story does not resonate as truth with me, as it looks more like the 10% market correction of October 2023 has ended.
PE Hub
NOVEMBER 2, 2023
Cyxtera is a Coral Gables, Florida-based data center colocation, interconnection services and digital infrastructure company. The post Brookfield to acquire assets of data center company Cyxtera appeared first on PE Hub.
FinSMEs
NOVEMBER 2, 2023
ProJenX, Inc., a NYC-based clinical-stage biotechnology company, announced the initial closing of a $15m Series A financing. The round was led by Medical Excellence Capital, which also led the company’s seed financing round and created ProJenX in collaboration with Project ALS and researchers at Columbia University. In addition, ProJenX announced the appointment of Rick Hartz to its board of directors. […] The post ProJenX Holds Initial Closing of $15M Series A Financing appeared fir
PE Hub
NOVEMBER 2, 2023
The deal marks CDPQ's second power transmission investment in Latin America in the past 18 months. The post CDPQ to acquire Brazilian power transmission network Intesa appeared first on PE Hub.
FinSMEs
NOVEMBER 2, 2023
Stellaromics, a Boston, MA-based provider of in situ spatial multi-omics technology, raised $25m in Series A financing round. Backers included Plaisance Capital Management and a private family office based in Silicon Valley. The company intends to use the funds to consolidate the business and establish a new headquarters to house its growing team of innovators.
PE Hub
NOVEMBER 2, 2023
Moving forward, Angelo Gordon will operate as TPG Angelo Gordon, a $74 billion credit and real estate investing platform within TPG. The post TPG completes Angelo Gordon buyout appeared first on PE Hub.
FinSMEs
NOVEMBER 2, 2023
Matic, a Mountain View, CA-based technology company providing AI-driven indoor robots, raised $29.6M in funding. The amount of $29.6M in funding included: The company intends to use the funds to expand operations and its development efforts to support the general availability of its product in early 2024. Matic is advancing an AI-driven indoor robot that […] The post Matic Raises $29.6M in Funding appeared first on FinSMEs.
PE Hub
NOVEMBER 2, 2023
CRC’s co-founders Dr. Omar Osman and Rehan Azhar will remain owners of the business and continue to lead the company. The post Comprehensive Rehab Consultants secures investment from York Private Equity appeared first on PE Hub.
AltAssets
NOVEMBER 2, 2023
Biotech investor Bioluminescence Ventures has launched out of stealth with $477m of assets under management across a pair of funds. The post Ex-Andreessen Horowitz, Microsoft Ventures senior exec brings Bioluminescence Ventures out of stealth with $477m first appeared on AltAssets Private Equity News.
PE Hub
NOVEMBER 2, 2023
Singh Advisory was founded by Parshad K. Singh in 2018. The post PE-backed Mercer Advisors snaps up wealth management firm Singh Advisory appeared first on PE Hub.
AltAssets
NOVEMBER 2, 2023
Veteran PE investor KPS Capital Partners has $9.7bn of new firepower after sealing a double fund close for its latest flagship and mid-cap special situations funds. The post KPS Capital just raised $9.7bn across a pair of new funds first appeared on AltAssets Private Equity News.
PE Hub
NOVEMBER 2, 2023
New York City-based MediaRadar is an advertising intelligence and sales enablement platform. The post PE-backed MediaRadar scoops up Kantar’s North American ad intelligence unit Vivvix appeared first on PE Hub.
AltAssets
NOVEMBER 2, 2023
Deep tech pre-seed specialist Bee Partners has beaten its target for its fourth fund, which has already been tapped to back a trio of generative AI startups. The post Powerful track record helps deeptech pre-seed investors Bee Partners to biggest fundraise yet first appeared on AltAssets Private Equity News.
FinSMEs
NOVEMBER 2, 2023
Aclarity, Inc., a Mansfield, MA-based leader in PFAS (Per- and Polyfluoroalkyl Substances) “forever chemical” destruction, closed its $15.9m Series A funding round. The round was led by Aqualateral, with participation from HG Ventures, Bidra Innovation Ventures, Nor’easter Ventures, MassVentures, and Burnt Island Ventures. The company intends to use the funds to enter into a new phase of […] The post Aclarity Raises $16M in Series A Funding appeared first on FinSMEs.
AltAssets
NOVEMBER 2, 2023
Chicago-based buyout house CIVC Partners has surpassed its $700m target to close its seventh fund. The post CIVC secures above-target $870m to close Fund VII in four month race first appeared on AltAssets Private Equity News.
FinSMEs
NOVEMBER 2, 2023
Wraithwatch, a Bozeman, MT-based cyber defense company, raised $8M in Seed funding. The round was led by Founders Fund with participation from XYZ Capital and Human Capital. The company intends to use the funds to expand operations and its development efforts. Founded by CEO Nik Seetharaman, President Grace Clemente and CTO Carlos Más, Wraithwatch aims […] The post Wraithwatch Raises $8M in Seed Funding appeared first on FinSMEs.
AltAssets
NOVEMBER 2, 2023
Impact investor Blue Earth Capital has picked former Blue Orchard director Daniel Perroud to head up its fundraising and investor relations unit. The post Fresh from reaching $1bn of AUM, impact investor Blue Earth brings in new investor relations head first appeared on AltAssets Private Equity News.
Ron A. Rhodes
NOVEMBER 2, 2023
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