Private Equity
Audax Private Equity has acquired Sarasota, Florida-based Wellspring Consumer Healthcare, which manages a portfolio of consumer healthcare brands that include Emetrol, Bonine, Bactine, GlaxalBase, and FDS. The seller was Sentinel Capital Partners. No financial terms were disclosed. Sawaya Segalas & Co. served as financial adviser to Wellspring with Houlihan Lokey acting as co-financial adviser.
2 min read · 27 September 2017
Finland’s largest healthcare company Terveystalo set a share price of 9.76 euros on Wednesday for its upcoming share listing, valuing the firm at around 1.25 billion euros ($1.5 billion), Reuters reported.
1 min read · 27 September 2017
Strathspey Crown, a lifestyle healthcare-focused growth equity firm, has named Dr. Richard Afable as a senior adviser. He is the ex-CEO of St. Joseph Hoag Health and the former executive vice president of Providence St. Joseph Health Southern California Region.
3 min read · 26 September 2017
L Catterton-backed dental-implant provider ClearChoice Holdings LLC is on the auction block, according to three sources familiar with the matter. The company expects 2017 EBITDA of $50 million-plus. Goldman is offering sell-side advice.
2 min read · 26 September 2017
Sentinel Capital Partners said Sept. 26 that it sold WellSpring Consumer Healthcare. Financial terms and a buyer weren’t announced. WellSpring Consumer manages a portfolio of consumer healthcare brands including Emetrol, Bonine, Bactine, GlaxalBase, and FDS.
3 min read · 26 September 2017
Francisco Partners has made a growth investment in Availity. Financial terms weren’t announced. Availity, of Jacksonville, Florida, is a health information network. Piper Jaffray provided financial advice to Availity, while Taft Stettinius & Hollister LLP served as legal advisor. Kirkland & Ellis LLP acted as legal advisor to Francisco Partners.
3 min read · 26 September 2017
CVC Growth Fund has agreed to acquire VelocityEHS, a provider of business environmental, health and safety regulation compliance solutions. The seller is Actua. No financial terms were disclosed. Evercore served as financial adviser to Actua on the deal while RBC Capital Markets did likewise for CVC.
3 min read · 25 September 2017
2 min read · 25 September 2017
Canadian healthcare private equity firm Persistence Capital Partners (PCP) has appointed Norman M. Steinberg as a senior advisor. Steinberg is currently chair emeritus of Norton Rose Fulbright Canada. In the period 2005 to March 2017, he was co-chair and then chair of Norton Rose Fulbright and its predecessor, Ogilvy Renault. During his 40-year legal career, he has focused on M&A, corporate finance and corporate governance, and advised on key Canadian deals. Steinberg will advise PCP as the firm explores new healthcare opportunities. He will also provide strategic and operational advice to portfolio companies.
3 min read · 25 September 2017
2 min read · 21 September 2017
