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Gamut Capital backs printing services; Comvest, Kain, Windrose make moves in healthcare; Riverspan in talc play

Morning all, Craig McGlashan here with the Tuesday Wire.

We open today with an industry that has been on the up as workers have returned to offices post-covid: printing services. We chat to Sam Powell at Gamut Capital Management to find out why it acquired managed print services provider Dex Imaging.

Next we cover a busy morning in healthcare, with three deals from Comvest Partners in mental health and addiction, Kain Capital in healthcare provision and Windrose Health Investors acquiring a patient access marketplace.

We then finish with a deal in minerals, as Riverspan Partners invests in a talc supplier.

Printing money

Plenty of industries have been on the up since covid restrictions ended, not least in the travel sector. But despite the growth in popularity of hybrid and remote working since the pandemic, the printing services industry has also been on the rise, according to Gamut Capital Management.

Read the subscriber version of the Wire to find out why Gamut’s Sam Powell expects the market to grow further and why it acquired Dex Imaging, a managed print services provider.

Healthy bunch

We’ve got a glut of healthcare deals to report this morning – pretty good timing with our new healthcare report John R Fischer settling into the team. You can contact him at john.fischer@pei.group

First up is Comvest Partners portfolio company Your Behavioral Health acquiring Insight Treatment Programs, a teen outpatient programs provider for mental health and addiction treatment.

Switching coasts, and Kain Capital has invested in Essen Health Care, a healthcare provider in New York City’s Bronx.

To the southern border now, where WindRose Health Investors has acquired SubjectWell, a patient access marketplace based in Austin, Texas that connects people with health conditions to care options.

Talc shop

Hot on the heels of Apollo agreeing to a roughly $1.85 billion take-private deal for US Silica, an industrial minerals company based in Katy, Texas, we’ve got another deal in the sector to report, this time at the smaller end.

Find out more in the subscriber version of the Wire.

OK that’s all from me today – Chris Witkowsky will be with you tomorrow for Wire Wednesday.

Cheers,

Craig

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

50 South is targeting $750 million for its latest fund of funds with a structure in which it will not charge carried interest, according to pension documents. (Buyouts)

A multimillion-dollar fine by the SEC against a registered investment adviser for allegedly failing to oversee its employees’ off-channel communications should raise concerns for large venture funds, many of which have become RIAs. (Venture Capital Journal)

Climate Asset Management has signed a deal to acquire to 1,900ha of farmland in Portugal and Spain planted with nut orchards. (Agri Investor)

South Carolina-based manager Greystar Real Estate Partners has closed Greystar Equity Partners XI with $1.9 billion in capital commitments, PERE can reveal.

They said it

“The print industry was impacted by covid and work from home because obviously people were printing lower volumes during the time when office attendance was lower. We’re seeing a strong recovery coming out of that.”

— Sam Powell, partner, Gamut Capital Management