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The Wire March 15, 2021
Stone Point's Grace Hill becomes available, CVC's Fazle Husain talks growth strategy for MedRisk, Wind Points new nutritional supplement platform Morning, hubsters!
I recently got the chance to interview Fazle Husain, head of US Healthcare at CVC Capital Partners, on the heels of the firm’s new investment in Carlyle-backed MedRisk, which manages the physical therapy claims process and coordinates care for injured workers. Check out my full report for Husain's thoughts on the vastly untapped market opportunity in workers' comp, MedRisk's track record of growth, M&A possibilities and how the future rebuilding of the nation’s infrastructure present an attractive backdrop for growth.
In the lower-middle-market, Stone Point Capital is preparing to sell Grace Hill, a talent management technology provider for the real estate industry, sources familiar with the matter told PE Hub. Elsewhere, Wind Point Partners plans to build out recently acquired FoodScience Corporation by expanding the nutritional supplement company’s channel partner network among other...
Read the full wire commentary on PE Hub...
That's it for me today! Have a great week, readers, and as always, hit me up with feedback, tips and gossip at springle@buyoutsinsider.com!
Also of note (may require subscriptions)
Healthcare continuation vehicle: BlackRock’s secondaries group, which formed in 2018, led a process for more time and capital for EW Healthcare Partners to manage several investments in older funds, mostly focused around orthobiologics company Bioventus. Total value of the deal was in the range of $300 million to $500 million, one of the sources said. Read more on Buyouts.
More secondaries: Wall Street Journal writes that Banner Ridge Partners is prepping its next secondary fund a little more than a year after collecting $550 million for its debut fund. Check it out here.
Distancing himself: New York Times’ Dealbook delves into how Joshua Kushner is steering his venture capital firm, Thrive Capital, out from under the shadow of his older brother, Jared — and the Trump administration. mostly donated to Democrats over the years, including Beto O’Rourke and Cory Booker, the report found. Read it here.
PE Deals
They said it
“There’s no question that infrastructure investments have to increase in the near term – and those are the types of projects that often result in increased workers compensation claims.”
CVC Head of US Healthcare Fazle Husain speaks to PE Hub about the firm's investment in workers comp company MedRisk.
Today's letter was prepared by Sarah Pringle Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MOREPlease 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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