Cressey & Company related stories
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Cressey & Co talking about new fund of up to $500 mlnCressey & Co is talking to limited partners about its second fund since spinning out from the former Thoma Cressey Bravo in 2008, with a target of $400 million and a hard cap of $500 million, according to a source.
- Hearst Corporation acquires Homecare Homebase
Homecare Homebase, a provider of hosted software solutions to the homecare and hospice end markets, has entered into a definitive agreement to be acquired by Hearst Corporation. Harris Williams & Co. is acting as the exclusive financial advisor to Homecare Homebase, a portfolio company of Cressey & Company LP and SV Life Sciences Advisers LLP.
Despite best-laid plans, succession often leads to spin-outsMany sponsors have done their best to transition toward more institutional structures that can survive the retirement or death of an iconic dealmaker. But the latest generational transitions in the business show just how hard it is for firms to hang together.
Who's Selling? Buzz Builds Around Year 2007 Tech, Healthcare DealsAn estimated two-thirds of buyout-backed tech and health care acquisitions from the go-go year of 2007 are still held in portfolios, making them prime opportunities to exit for financial sponsors with cash-hungry limited partners.
- Firms form healthcare trade group
TPG, KKR, Apax and Bain are just some of the 40 private equity firms that make up the Chicago-based association for private equity firms that invest in healthcare.
- Thoma Bravo closes Fund IX on $823m
The Chicago-based firm hit its hardcap, having adjusted down its $1bn target early last year amid tougher fundraising conditions. It's the first fund it has raised since partners Carl Thoma and Bryan Cressey split their prior firm along investment strategy lines.
- Cressey opens Nashville office
The Thoma Cressey Bravo spin-out moves to expand its presence in US healthcare markets.
- Former Senate leader joins Cressey’s latest firm(4)
Uncertainty over whether Thoma Cressey Bravo would completely split or raise separate, sector-focussed funds under one roof has been erased with the appointment of former US Senate majority leader Bill Frist to the newly formed Cressey & Company.
- Former Senate leader joins Cressey’s latest firm(3)
Uncertainty over whether Thoma Cressey Bravo would completely split or raise separate, sector-focussed funds under one roof has been erased with the appointment of former US Senate majority leader Bill Frist to the newly formed Cressey & Company.
- TCB to pay $200m for Macrovision software unit
Though its partners split ahead of respective fundraises, Thoma Cressey Bravo is still deploying capital from its eighth fund, which closed on $765 million in early 2006.