Welsh, Carson, Anderson & Stowe related stories
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- Ropes & Gray Adds Kiran Sharma to PE Practice
Law firm Ropes & Gray has added Kiran Sharma as a partner in the firm’s London private equity practice. Sharma joins from DLA Piper, where she was a partner in the corporate group. She worked previously as a senior associate at Allen & Overy.
- Welsh, Carson, Anderson & Stowe Adds William Eisenbeis
New York-based private equity firm Welsh, Carson, Anderson & Stowe has named William Eisenbeis to the post of senior industry executive. At the firm, Eisenbeis will focus on financial technology and services investments, helping source deals, conducting due diligence and monitoring portfolio companies. Previously, Eisenbeis was head of the principal strategic investments group at Citadel.
- Welsh Carson Buys Majority Stake in Smile Brands from Freeman Spogli
Welsh, Carson, Anderson & Stowe said Wednesday that it has bought a majority stake in Smile Brands Group Inc. The seller is Freeman Spogli & Co., which will remain a minority investor. Financial terms were not announced. The deal is expected to close in December. Welsh Carson is a New York PE firm. Irvine, Calif.-based Smile Brands provides support services to general and multie-specialty dental groups. It operates under three brands: Bright Now! Dental, Castle Dental and Monarch Dental. Freeman Spogli is a buyout shop with offices in Los Angeles and New York.
- PE Firm Buys Psychiatric Hospital Owner Springstone
Private equity firm Welsh, Carson, Anderson & Stowe has acquired a majority stake in hospital administrator Springstone, and invested $100 million into company. Financial terms of the acquisition were not released. Springstone owns and operates a psychiatric hospital in Indiana, and plans to acquire additional psychiatric and behavioral facilities across the U.S. Welsh, Carson, Anderson & Stowe is based in New York and invests mainly in healthcare and information and business services.
- Private Equity Index Stood At 104.33 For 3Q 2010
The Private Equity Growth Capital Council’s Private Equity Index indicated levels in the latest third quarter rebounded from the recession of 2008 to 2009. However, global private equity activity gas not returned to pre-recession levels. The Index stood at 104.33 for the latest third quarter, which showed a sequential increase from 100.76 in the second quarter and 86.41 in the first quarter of 2010. The Index is calculated using data provided by Thomson Reuters, Pitchbook, Preqin and the Council. Thomson Reuters is the publisher of PEHub.
- St Jude to buy AGA Medical Holdings
St Jude Medical is set to buy AGA Medical Holdings Inc, which is backed by private equity firm Welsh, Carson, Anderson and Stowe, in a deal worth more than $1 billion in stock and cash. At $20.80 a share, the deal values AGA Medical at a 41 percent premium on Friday’s closing price. AGA went public in October at $14.50 a share. St Jude said it expected to close the deal by the end of the year.
- Welsh Carson Closes Peak 10 Buy
Welsh, Carson, Anderson & Stowe, a private equity firm, has closed its buy of Peak 10. As part of the deal, Peak 10 has closed on a $155 million credit facility. Charlotte, N.C.-based Peak 10 is a data center operator.