Private Equity
The New York firm, which invests in healthcare services companies in the lower-middle-market, beat its $125 million target.
2 min read · 31 July 2019
First Read kicks off the day with news that Gucci hires a diversity chief, Disney's "The Lion King" tops $1 billion at the box office, and Google employees have donated more to Elizabeth Warren than anyone else.
1 min read · 31 July 2019
During CD&R’s investment period, Ebitda and revenue grew 60 percent and 40 percent, respectively.
2 min read · 31 July 2019
Encore Consumer Capital has sold ThunderWorks to Ceva Santé Animale S.A. No financial terms were disclosed. Based in Durham, North Carolina-based ThunderWorks is a provider of pet calming solutions.
2 min read · 30 July 2019
1 min read · 30 July 2019
Vacasa, a vacation rental management platform, has agreed to acquire Wyndham Vacation Rentals for about $162 million. The deal is expected to close this fall. Vacasa's backers include Riverwood Capital, Level Equity, NewSpring and Assurant Growth Investing.
4 min read · 30 July 2019
Bluegem Capital Partners has acquired Pool Service, an Italian provider of professional hair care products. No financial terms were disclosed.
3 min read · 30 July 2019
Clairvest Group has made a majority investment of £23 million ($38 million) in FSB Technology (UK) Ltd, a London-based sports betting and gaming platform. The investment, intended to support the company's growth in new and existing markets, may be increased by up to £4 million under certain conditions. Founded in 2007, FSB provides business-to-business sports and internet gaming technology. Its solutions include data and pricing feeds, sports betting software, and trading services. The platform deal is Clairvest's 13th in the gaming space and 10th by Clairvest Equity Partners V. Earlier this year, Clairvest closed its sixth mid-market fund, raising about $1.1 billion (US$850 million).
3 min read · 30 July 2019
The share of PE firms that removed the hurdle rate doubled in 2019, while only 60% of funds are sticking with the standard 8% preferred return.
4 min read · 30 July 2019
Bell Partners has acquired Salem, Massachusetts-based Vinnin Square Apartment Homes, a 148-unit apartment community. No financial terms were disclosed. The property will be renamed Bell North Shore.
2 min read · 30 July 2019
