| | | H.I.G. Capital strikes $580m deal for Vistria’s St. Croix Hospice, Frontenac sets out to consolidate managed IT services market, Bain Capital hits target for tech fund with nearly $1.1bn, plans to keep raising | | | | Monday, October 19, 2020 | | | | | Morning!
Frontenac acquired and merged Domain Computer Services and Tier One Technology Partners, deploying capital from its $325 million Fund XI, writes Karishma Vanjani on PE Hub this morning.
While covid-19 shook the roots of many retail and hospitality businesses, tech-enabled services have been a benefactor of this virtual environment.
“The businesses outsource IT services to [small and mid-sized business] clients with 25 to 150 employees, which is really the last thing a company is going to cut off especially during covid-19,” Joseph Rondinelli, principal at Frontenac said. Read it here on PE Hub. |
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| | | Top Scoops | | | | H.I.G. Capital won the auction for St. Croix Hospice from Vistria Group, writes Sarah Pringle on PE Hub. Vistria acquired the end-of-life care provider out of its Fund I and II, initially buying its majority stake from Clearview Capital in 2017. Read it here. |
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| | Have a great day! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.
HOUSEKEEPING
Wanted: VCJ’s Rising Stars
It’s that time of the year. Over at Venture Capital Journal, editor Alastair Goldfisher and the team are looking for nominations for their second annual Rising Stars list. VCJ is seeking to identify the most talented and up-and-coming professionals in the venture capital community. Click here for more information on how you can submit your favorite Rising Star. | | |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | PE-backed EMPI buys RacingLine | | EMPI, which is backed by Dubin Clark, has acquired UK-based RacingLine, a provider of aftermarket automotive parts with a focus on parts for European vehicles. More... |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | VC-backed Aligos Therapeutics goes public | | Aligos Therapeutics, a biopharmaceutical company focused on treating viral infections and liver diseases, has raised about $150 million for its IPO after pricing its 10 million shares at $15 per share. More... |
| | | | | | | | | | | | | | | | Vineti extends Series C | | San Francisco-based Vineti, Inc, a digital platform of record for personalized therapeutics, has raised $33 million as an extension to its Series C financing. More... |
| | | | | | | | | | | | Ateios snags $1.25m | | Indianapolis-based Ateios, a developer of a paper-thin customizable battery, has raised $1.25 million in financing. Good Growth Capital led the round. More... |
| | | | Popmenu inks $17m Series B | | California and Georgia-based Popmenu, an all-in-one digital marketing and ordering SaaS platform for restaurants, has raised $17 million in Series B funding. More... |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | VectivBio reels in $110m | | VectivBio AG, a Swiss developer of transformational medicines for patients with serious rare diseases, has raised $110 million in financing. More... |
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