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Inside Acon’s exit of BioMatrix Specialty Infusion; Pride Month wraps up with Advent’s Chavanne

Good morning, Hubsters. Michael Schoeck back with you for the Thursday Wire.

Among original reports today, we’ll have a look at my colleague John R Fischer’s latest piece on BioMatrix Specialty Infusion Pharmacy, a home infusion medications company.

Next up is a new $200 million investment by TPG’s Rise Funds in Foodsmart, a telenutrition company that deploys dieticians into communities facing food dislocation or insecurity challenges.  

Last up today is the final installment of PE Hub’s  Pride Month series, with PE Hub Europe reporter Nina Lindholm’s interview with Nicolas Chavanne, managing director at Advent International.

First up today is a look at a home infusion medications deal in review.

Shifting to home-based infusions

Providers of specialty infusion medications are attracting private equity interest due to their “significant underlying tailwinds and high margins,” Anjali Jolly, managing partner of Acon Investments, told PE Hub’s John R Fischer in an interview.

Upgrade to the premium version of the Wire for the full interview.

Tackling food insecurity

Late Wednesday, TPG’s Rise Funds, an impact investor, announced an agreement to lead a $200 million investment in Foodsmart, a telenutrition provider and food benefits management platform.

Upgrade to the premium version of the Wire for more details on the new impact investment.  

Allyship is universal

Freely talking about home life or what you did over the weekend is something many take for granted in the workplace. For many members of the LGBTQ+ community however, sharing even small details can require careful consideration.

That is why improving trust, getting to know your colleagues and strong allyship are a part of making private equity firms places where people of the LGBTQ+ community can succeed, Nicolas Chavanne, managing director at Advent International, told PE Hub Europe’s Nina Lindholm.

Throughout June, PE Hub and PE Hub Europe have been featuring interviews with PE professionals in the LGBTQ+ community. 

Upgrade to the premium version of the Wire for access to these interviews.

That’s a wrap for me. I’m off for a few days for the Saratoga Jazz Festival in upstate New York. Keep an eye out for the Friday Wire tomorrow with Obey Martin Manayiti.

Cheers,

Michael

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

L Catterton, a veteran investor in the consumer industry, appears to be nearing the finish line with a 10th flagship offering after more than two years on the road. (Buyouts).

Goldman Sachs has raised the market’s largest dedicated fund focusing on real estate secondaries amid what it says is an all-time high for liquidity needs in the asset class. (Secondaries Investor)

After awarding repriced and de-risked offshore wind contracts, New York has brought some long-awaited good news to the offshore wind industry. (Infrastructure Investor)

Industrial decarbonization firm Blackhorn Ventures will close Industrial Impact Fund II at around $150 million, the firm is expected to announce this week. (New Private Markets)

Higher caps for borrowing limits and more flexibility on fund life extensions are among fund terms trends in a difficult fundraising market, according to Proskauer. (Private Equity International)

Atalaya Capital Management has held a first close on $1 billion for its Special Opportunities Fund IX, according to filings with the Securities and Exchange Commission. (Private Debt Investor)

KLAR Partners, a mid-market Europe-based firm founded by former Triton Partners execs during the covid-19 pandemic, has marked a significant jump on its debut fund with the close of its sophomore vehicle. (Private Equity International)

They said it

“If you look at the private equity industry, to succeed in being a great place to work for LGBTQ+ employees, you need to be able to engage with the leaders of the firm. That’s about improving trust at work, getting to know your colleagues.”

— Nicholas Chavanne, managing director of Advent International, on overcoming the challenges faced by the LGBTQ+ community in private equity.