Private Equity
Warburg Pincus has agreed to acquire a majority stake in WebPT from Battery Ventures. No financial terms were disclosed. Aeris Partners was financial adviser to WebPT and Battery Ventures on the transaction. Based on Phoenix, WebPT is a rehab therapy platform.
4 min read · 19 November 2019
Great Hill Partners has completed a recap of Pareto Health Inc. Financial terms weren’t announced. Pareto is an employee benefit group captive manager that helps businesses with more than 50 employees self-fund health benefits.
3 min read · 19 November 2019
Lindsay Goldberg is buying Bilcare Research, a Swiss pharma packaging company, reported Reuters. The deal puts Bilcare at a valuation between $279 million and $334 million.
1 min read · 19 November 2019
Since 2012, the total number of private equity deals have increased within the healthcare sector year after year.
3 min read · 19 November 2019
Aquiline Capital Partners is buying CoAdvantage. Financial terms were not announced. Morgan Stanley Capital Partners is the seller. CoAdvantage, of Tampa, Florida, provides HR outsourcing for small and medium sized businesses.
4 min read · 19 November 2019
Wealth Enhancement Group, a portfolio company of Lightyear Capital, said July 25 that it closed its buy of Planning Solutions Group LLC. Financial terms weren’t announced. Planning Solutions, of Fulton, Maryland, is an independent financial advisory business with more than $1.3 billion in combined client assets as of June 30.
2 min read · 19 November 2019
Toast said July 24 that it acquired StratEx. Financial terms weren’t announced. StratEx provides HR and payroll software for restaurants. In April, Toast raised $250 million in VC funding. Bill Mone, Amanda Holt and Aaron Harsh of Ropes & Gray advised Toast.
2 min read · 19 November 2019
The Charles Schwab Corporation has agreed to acquire acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts. The purchase price is $1.8 billion. Credit Suisse Securities (USA) LLC was financial adviser to Charles Schwab with Davis Polk & Wardwell LLP providing legal advice. And, Goldman Sachs was financial adviser to USAA while Simpson Thacher & Bartlett LLP acted as legal adviser.
5 min read · 19 November 2019
The London Stock Exchange is in talks to merge with Refinitiv, the provider of financial markets data that’s owned by Blackstone and Reuters, the Financial Times reported July 26. Financial terms weren’t disclosed. Blackstone acquired a 55 percent stake in Thomson Reuters’ Financial & Risk business in 2018. The deal valued the total F&R business at $20 billion, Reuters said.
1 min read · 19 November 2019
Thomson Reuters confirmed July 26 that it and Blackstone are in talks to sell Refinitiv to the London Stock Exchange Group plc for about $27 billion. The deal would result in Thomson Reuters holding a roughly 15 percent stake in Refinitiv, a producer of financial data. Blackstone acquired a 55 percent stake in Refinitiv in 2018.
2 min read · 19 November 2019
