Commentary

H.I.G. Capital strikes $580m deal for Vistria’s St. Croix Hospice, Frontenac sets out to consolidate managed IT services market, Bain Capital hits target for tech fund with nearly $1.1bn, plans to keep raising

Frontenac acquires and merges Domain Computer Services and Tier One Technology Partners and H.I.G. Capital is the winning bidder for St. Croix Hospice.

Welsh, Carson, Anderson & Stowe makes strategic investment in GovernmentCIO, TPG talks WellSky 2.0 following $1.35bn bet on CarePort, Apollo has plowed ~$5bn into covid-ravaged aerospace industry this year

Welsh, Carson, Anderson & Stowe invests in GovernmentCIO and PE-backed WellSky is carving out AllScript's CarePort in a $1.35 billion transaction.

Deal talks accelerate ahead of election, TPG talks WellSky 2.0, Philips Lifeline seeks buyer

Pre-election could produce a swarm of deal signings and PE-backed WellSky, agrees to carve out CarePort from AllScripts.

Apollo acquires telecom platform from Lendlease, Jim Rauh departs from Golden Gate, General Atlantic veteran Dzialga’s Brighton Park tops Fund I’s $750m target

Golden Gate Managing Director Rauh bolts after more than a decade and Apollo buys a telecom platform from Lendlease.

Strattam Capital backs NEWSTOCK, Philips seeks buyer for Philips Lifeline, Churchill-sponsored SPAC strikes $1.3bn merger with Skillsoft

Philips is looking to divest Philips Lifeline and Churchill's SPAC agrees to merge with Skillsoft.

Ex-BlackRock exec's firm Gallatin Point acquires First Investors, Macquarie lays off global head of TMT, other senior execs, Ex-Carlyle, Cerberus execs’ shop Staple Street holds one-and-done close

Macquarie lays off a number of senior execs and Staple Street Capital, created by ex- Carlyle Group and Cerberus execs, closes iits third fund at $520 million.

What’s your business strategy for a digital world?

This current period of profound upheaval means that businesses are under pressure to make digital a top priority.

Wellspring acquires Cadence Petroleum Group, Blackstone sees opportunity in skin care, Brookfield pick of Sachin Shah for CIO signals firm’s big growth plans

Blackstone makes a bet on skincare by investing in ZO Skin Health and Wellspring Capital scoops up Cadence Petroleum Group.

Onex to buy OneDigital from New Mountain, Oaktree-backed Array Technologies sets IPO pricing terms, Ex-Credit Suisse fundraisers quietly add big names to new placement shop

Onex agrees to buy OneDigital and more about SPACS.

Vista Equity preps sale of Mediaocean targeting more than $1.4bn value, PE dominates M&A market even as overall activity level drops, LPs raise conflict of interest fears with GPs who raise SPACs

The SPAC train shows no signs of slowing down and Vista Equity prepares to put Mediaocean on the block.