PE Hub Wire

True Wind hunts for $1bn-plus tech company with second SPAC, Avista's National Spine unites with Enhanced, Webster-backed Prospira, Ex-WestView Capital exec's new shop Brownstone Equity nears target on debut

Avista Capital's National Spine & Pain Centers merges with Prospira PainCare and Brownstone Equity Partners raises the target of its debut fund.

RedBird, Arctos among early movers in private equity sports investing, Cove Hill to invest in SecureLink, Trump's ex-economic adviser's SPAC goes public

PE firms takes keen interest in professional sports sector and Kansas City Southern rejects nearly $20 billion buyout offer from an investor group led by Global Infrastructure Partners and Blackstone Group.

CORE Industrial expands 3D printing empire, Peak Rock snags Paragon Healthcare, GI Partners closes debut digital infrastructure fund on $1.8bn

Peak Rock is buying Paragon Healthcare and GI racks up $1.8 billion for initial digital infrastructure fund.

Welsh, Carson, Anderson & Stowe taps Goldman, Credit Suisse to explore options for Clearwater Analytics, Alcentra recruits ex-Bain Capital Credit exec as CEO, Private equity bets on powerful Democrat in key role on carried interest tax

WCAS is mulling options for Clearwater Analytics and Alcentra hires former Bain Capital Credit executive Jonathan DeSimone as CEO.

TCV buys majority stake in Oversight from Luminate Capital, GHO to buy out Ardian's stake in Envision Pharma, Audax Group runs broad secondary recap on 2012 fund

GHO Capital agreed to buy out Ardian's stake in Envision Pharma Group and secondaries are poised for a busy fall.

Roark backs US Sports Camps, Advent's Sovos adds a breakfast brand to its basket, LACERS discusses shift in secondaries strategy

Advent acquires Birch Benders as an add-on for Sovos Brand and Roark Capital invests in US Sports Camps, a youth sports camp company.

Cryoport shares rally following Blackstone's bet on cell and gene therapy; Dyal's latest GP stakes fund expected to surpass $5bn target; Levine Leichtman buys Bridgepoint Development's BigHand

Blackstone invests in Cryoport causing the latter's stock to soar and Levine Leichtman acquires BigHand from Bridgepoint Development.

JC Penney's sales under a magnifying glass; StoneBridge Healthcare bids for Erlanger Health System; New growth equity firm Venn Growth beefs up team

Erlanger Health System rebuffs StoneBridge's $425 million bid to acquire Erlanger Health Systems and Venn Growth expands its team while preparing to roll out a $300 million inaugural fund.

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.