Dealmaking

PE HUB Healthcare Wire Highlights, 6.27.19

Sponsors look to reinvent urgent care

PE HUB First Read

First Read ushers in the day with news that Pier 1 Imports plans to close 57 stores, San Francisco takes the final steps toward becoming the first U.S. city to ban vaping product sales, and Illinois' cannabis bill is the first to include reparations.

Arlington Capital rakes in about $1.7 bln for fifth fund

Arlington Capital Partners has closed its oversubscribed fifth fund at a hard cap of about $1.7 billion. The fundraising wrapped up three months after launching.

PE HUB First Read

First Read begins the day with news that AbbVie strikes a deal to buy Allergan for about $63 billion, the U.S. government announces a nationwide crackdown on robocallers, and Apple has acquired autonomous driving startup Drive.ai.

VC-backed Kantox hires FT Partners for capital raise

Pacific Equity Partners puts AST on the block again

Lightyear to buy Lendmark Financial from Blackstone: Reuters

Blackstone Group is selling Lendmark Financial Services to Lightyear Capital for about $600 million excluding debt, Reuters is reporting. Lendmark provides consumer credit products to mostly subprime clients, the story said.

PE HUB First Read

First Read begins the day with news that the earnings recession is expected to last through the third quarter, Warner Bros names the first woman to run its studio, and Apple's Seattle workforce is expected to quintuple by 2024.

Riverside makes Australia primary focus of latest Asia-Pacific fund

The change reflects Australia and New Zealand’s disproportionate weighting in Riverside Asia-Pacific Fund II, a $235m 2012-vintage.

EBITDA on steroids

The EBITDA addback is one of the most worrying aspects of loan documentation. Market professionals detail how prevalent and potentially damaging it has become.