Morning, everyone!
As the Delta variant quickly spreads and investment banks, PE firms and their portfolio companies continue to discuss return to office plans, what are folks doing to increase vaccination rates among employees?
Asset manager Vanguard Group is incentivizing employees that show proof of vaccine with $1000 payments, Bloomberg wrote yesterday. BlackRock is prohibiting unvaccinated employees from entering US offices starting in July, it said. On the private equity front, MiddleGround Capital is offering a $250 gift card to all fully vaccinated employees at its firm and portfolio companies. How else are PE firms supporting the vaccine drive? We want to know! Write to PE Hub's Karishma Vanjani with your plans.
Now, to the news... GHO Capital, which just amassed the largest-ever healthcare-exclusive PE fund in Europe as it puts feet on the ground in the US, has agreed to acquire ClearView Healthcare Partners, according to four sources familiar with the matter. ClearView, which can be likened to a global strategy consulting firm such as McKinsey & Co or LEK Consulting, but exclusively for the life sciences industry, was previously backed by RLH Equity. For financials and more, check out my report on PE Hub. Elsewhere, Insight Partners-backed Achieve3000 has entered the second round of its sale process, sources familiar with the matter told PE Hub’s Milana Vinn. Macquarie is advising the EdTech business on the process.
Read the full wire commentary on PE Hub...
That's it for today! Have a great week ahead, and as always, write to me at springle@buyoutsinsider.com with any comments, tips or feedback!