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Harvest and Cressey recaps VetCorHarvest Partners LP and Cressey & Company LP has led a recapitalization of VetCor Group Holdings Corp. No financial terms were disclosed. Jefferies LLC provided financial advice to VetCor on the transaction while Golub Capital arranged the senior debt. Headquartered in Hingham, Massachusetts, VetCor is an owner and operator of veterinary hospitals.
- Cressey & Company invests in Dental Services Group
Cressey & Company LP has acquired a majority stake in Dental Services Group, a dental lab network. No financial terms were disclosed. Ropes & Gray LLP and PricewaterhouseCoopers advised Cressey & Co on the transaction.
- Cressey & Company buys Dental Services Group
Cressey & Company LP has acquired a majority stake in Dental Services Group. DSG CEO Buddy Pickle and his management team will maintain ownership positions in the company and remain in their current positions. Financial terms weren’t announced. Minneapolis-based Dental Services Group is a network of over 40 dental laboratories in the United States, with offshore partnerships in Asia that offers fixed, removable, implant, orthodontics and sleep dentistry products and services.
Balancing Act - Quarterly DealsHigh prices have made deal-making as tricky as walking a tightrope.
Market at a GlanceU.S.-based buyout and mezzanine firms raised an estimated year-to-date amount of $200.2 billion through December 11. That figure is up from $168.7 billion at this time a year ago and has surpassed 2013’s total by nearly a full $10 billion.
- Cressey & Co seeks wider deals range with new $615 million fund
Cressey & Company plans to keep its average deal size at about $50 million as it activates the newly raised $615 million Cressey & Company Fund V LP starting in 2015, even though the buyout pool collected much more than its predecessor.
- Cressey & Company close fifth fund on $615m
The healthcare focused firm beat its $400 million target for the fund
Cressey & Co. raises $615 mln for 'one and done' Fund VCressey & Company has closed its fifth fund on its $615 million hard cap, beating the original $400 million target. Cressey held a single close for Fund V, which launched in July, on its hard cap, the firm said in an announcement Monday.
- C&C and Level Equity exit Strategic Healthcare Programs
Cressey & Company and Level Equity said Wednesday that they have sold Strategic Healthcare Programs to Roper Industries. No financial terms were disclosed. Based in Santa Barbara, Calif., SHP is a provider of software and informatics solutions for the post-acute healthcare market.
peHUB First ReadThis midweek morning read all about what public pensions should and shouldn't be disclosing about their PE portfolios, Cressey & co planning a new fund, what buyout funds are giving MassPRIM IRRs a boost and the latest on Alibaba and how it's affecting Silicon Valley.