Welsh, Carson, Anderson & Stowe related stories
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Harper and Sobol join Welsh, Carson, Anderson & StoweRyan Harper and Edward Sobol have been appointed vice presidents at Welsh, Carson, Anderson & Stowe, the New York private equity firm. Harper was previously vice president at Summit Partners, while Sobol is a former vice president at Bain Capital. Welsh, Carson, Anderson & Stowe focuses mainly on information/business and healthcare, manages $20 billion in capital, and has a current portfolio of over thirty companies.
- Private Equity Council Changes Name To Reflect Expanded Membership; Forms Growth Capital Committee
The Private Equity Council changed its name to the Private Equity Growth Capital Council. The change reflects the group’s expanded and diversified membership. It sought to broaden its membership earlier this year and now has 30 members with assets under management ranging less than $1 billion to $20 billion. The council also plans to form a Growth Capital Committee to deal with issues of interest to mid and small market firms.
- M&A Disrupts Summers for PE Execs and Bankers
It’s the Friday before the Labor Day weekend and I’m amazed at how many PE execs are answering their phones. One buyout exec, who hasn’t answered my calls or messages for nearly a month, finally phoned. The exec said they were busy working on a deal that they hoped to finish by Labor Day. Another PE source called today to talk about a transaction that was finally closing (an exit!). Bankers weren’t much different. One source said they took a vacation last week (to Jamaica) and was working this week. And another, who is also laboring on a deal, planned to stay in town and deal with Earl (which at this point has turned out to be a whole lot of nothing). “I’m weathering the hurricane here in New York,” the banker said.
- Welsh Carson Buys Peak 10
Welsh, Carson, Anderson & Stowe has bought a majority stake of Peak 10, a Charlotte, N.C.-based data center operator and managed services provider. Peak 10's management will also have a stake. The sellers were Seaport Capital and McCarthy Capital. Financial terms were not disclosed. The deal is expected to close in early October.
- Welsh Carson Puts Concentra Up for Sale
After owning the company for more than a decade, Welsh, Carson, Anderson & Stowe has put Concentra on the block, peHUB has learned. Barclays is advising on the sale, sources say. In 1998, Welsh Carson acquired Concentra, which provides healthcare and wellness services to employers and general public, in a deal valued at $1.1 billion. It’s not clear how much Welsh invested. Concentra has $752 million in annual revenue, according to the Welsh Carson web site.
- Welsh Carson Completes K2M Buyout
Welsh, Carson, Anderson & Stowe has completed its acquisition of a majority stake in K2M Inc., a Leesburg, Va.-based provider of solutions for the treatment of complex spinal pathologies. No financial terms were disclosed. Existing K2M backer Ferrer Freeman & Co. retained an ownership percentage.
- peHUB Wire: Thursday, August 19, 2010
Random Ramblings
- peHUB Wire: Thursday, August 19, 2010
Random Ramblings
- Executive moves, week of Aug. 16, 2010
Personnel changes at Hewlett-Packard, Castle Harlan, Blackstone, Facebook, Gores Group, Welsh Carson, Edison Venture Fund, Evercore Partners and Rutland Partners