The Wire

Jan. 20, 2021

GTCR platform buys Advantage Software, Bridgpoint nears pharma services deal, H.I.G. spinout commits $50 million to wellness

 

Happy inauguration day, PE Hub readers.

 

GTCR-backed Simpli.fi acquired Advantage Software in a deal valued over $100 million, according to sources familiar with the deal’s financials. Hypothetically, the combination of the two businesses could look like that of Trade Desk and Mediaocean, GTCR's Stephen Master told PE Hub. Read Milana Vinn's full story.

 

Jumping on the wellness bandwagon, H.I.G Capital spinout American Pacific Group has committed to investing over $50 million into Yukon Wellness Holdings, its newly formed wellness holding company. And in transatlantic news, sources told PE Hub that London's Bridgepoint is nearing a majority acquisition of Baird Capital-backed healthcare company... 

 

Read the full wire commentary on PE Hub.

 

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)

Back at it: TPG is re-exploring the move of its portfolio company, Creative Artists Agency out of an older fund and into a continuation vehicle. The process, which attracted big-name investors like Goldman Sachs, had fallen apart once the pandemic broke out, which had an impact on CAA’s business with live events and entertainment production delayed and canceled. Read more on Buyouts.