Commentary

TA joins Hg to accelerate growth at Sovos; CalPERs board member calls for hold on PE investments; StepStone files for IPO

StepStone files to go public and CalPERS board member is demanding a pause on PE investments.

Warburg's Qualifacts joins forces with Martis-backed Credible Behavioral Health; Clearlake's TEAM Technologies adds Baril; Mill Rock-sponsored SPAC clinches acquisition

Warburg Pincus-backed Qualifacts unites with Martis Capital’s Credible Behavioral Health in healthcare tech merger and Clearlake's TEAM Technologies acquires Baril Corp.

Partners sells majority stake in PCI Pharma to Kohlberg & Co; Blackstone snaps up Takeda's Japanese consumer health unit; Branford strikes first Fund 2 investment

Takeda Pharmaceutical is divesting its Japanese consumer healthcare business to Blackstone Group and Branford Castle Partners buys Fibrix Filtration.

Hg and TA invest in Sovos, New venture StoneBridge sets out on a mission to revive troubled hospitals, Clearlake single-asset process moves quickly through market

Oaktree invests $500 million into StoneBridge, a new holding company that will buy distressed acute care hospitals and Hg and TA Associates back tax software provider Sovos.

New competition: New competition: Ex-KKR exec Jim Momtazee launches Patient Capital, StoneBridge pledges to save distressed hospitals

Ex-KKR exec Jim Momtazee unveils a new healthcare-focused investment firm and Precision Medical Group is up for sale.

Seltzer hype: PE partners finance sparkling water brand, EQT to buy EdgeConnex, Sky Island, launched by ex-Insight Equity exec, collects $100m for first close on debut

PE firms bet on Waterloo Sparkling Water and Sky Island Capital collected $100 million for the first close on its debut fund despite raising capital during a pandemic.

Precision Medical Group, backed by Berkshire Partners, TPG Growth, is on the block, KKR's Epicor back in market eyeing potential $5bn deal, SVPGlobal to buy OmniMax

PE-driven tech M&A will be in full swing after Labor Day and KKR-backed Epicore Software is back in the market.

Sole Source rapidly builds out warehouse tech platform, Roark Capital invests in Divisions Maintenance Group, Jim Momtazee could set ambitious target for debut fund

Sole Source-backed Supply Chain Services acquires Dasco and Patient Square Capital could target $2 billion or more for its debut fund.

Fraud and abuse risks facing private equity investors in healthcare, life sciences

Sponsors are facing direct exposure and liability as a result of increased scrutiny by the Department of Justice and other enforcement agencies.

Ex-KKR healthcare chief Jim Momtazee launches own shop, TA's new partnership with Clearlake values Ivanti at $2bn-plus, TH Lee seeks more time to manage HighTower Advisors through single-asset secondary

THL is working on a secondary process to extend its hold over HighTower Advisors and KKR's former healthcare chief launches his own shop.