| Capital Constellation buys stake in Avista Capital, Radiology heats up, Sixth Street nears deal with sports event company Happy Tuesday!
Despite everything going on out there, we have action in private equity. Here's what's happening today, starting with Capital Constellation's minority investment in Avista Capital.
Capital Constellation, which is advised by global investment advisor Wafra, will support the continued growth of Avista’s healthcare-focused investment business, enabling the New York-based firm to increase commitment to its funds under management.
Check out the full story on PE Hub
Hud, Hud, Hike: Legends Hospitality, a sports entertainment business, is nearing a $1.3 billion deal with Sixth Street Partners. The transaction, which includes debt, is likely to be announced on Monday, the Wall Street Journal reported yesterday.
Radiology heats up: More than one radiology business is on the auction block, reports Sarah Pringle. Four plus years into its investment, Excellere Partners is fielding indications of interest for LucidHealth, a physician-led provider of outsourced radiology services to hospitals, clinics and outpatient imaging centers.
Read the full wire commentary on PE Hub.
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That's it for today. Have a great week, everyone, and as always, feel free to shoot me an email with tips, feedback or just about anything at Karishma.v@peimedia.com.
Note to Readers: It's that time of year ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards. Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year. Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian. If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.
Also of note (may require subscriptions) Secondaries: Energy Capital Partners is looking to move its majority stake in Terra-Gen out of a 2014 fund and into a continuation pool, sources told Buyouts. Triggering the single-asset secondaries process, the portfolio company requires more time and capital to expand into the renewable energy storage business. Read more on Buyouts.
Revving Up: Brightstar, a New York PE firm closes on $1.1 billion for second flagship fund and increases team size to 40 with the hiring of two managing directors and a principal, Buyouts writes.
Stepping on toes: NCR proposed a $1.73 billion bid for Cardtronics, an ATM operator – trumping an already accepted offer by Apollo Global and investment firm Hudson Executive Capital. Read the Reuters report here.
Putting an end to it: American Investment Council, a PE lobbying group released a statement announcing a halt on all political donations, following the riots at the Capitol, read Bloomberg report. PE Deals 
They said it "We want you to be assured that we will not support candidates who do not respect the rule of law.....We intend to pause our contributions during the quarter as the country goes through the presidential transition and hopefully emerges from these events stronger and more united." Candi Wolff, Citi’s MD and head of government affairs, wrote in an internal memo on Friday, following the riot's at the Capitol.
Today's letter was prepared by Karishma Vanjani Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. 
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