EQT and CPPIB to take majority stake in Waystar

EQT and Canada Pension Plan Investment Board have agreed to acquire a majority equity stake in Waystar, a provider of revenue cycle technology. The seller is Bain Capital Private Equity, which will retain a minority stake in Waystar when the deal closes. The deal will put Waystar at a valuation of US$2.7 billion. The transaction is expected to close later this year. Barclays and Triple Tree provided financial advice to EQT while J.P. Morgan and Deutsche Bank did likewise for Bain Capital.

DealsNorth AmericaUSTMTBriefs