Loading...
The Wire Feb. 24, 2021
KKR's BrightSpring snaps up Abode Healthcare, Bain Capital Tech Opps, HGGC double down on construction-tech Morning!
There’s been no shortage of home health and hospice dealmaking over the last several months (including the non-medical kind of home care), and the exuberance of the market is only continuing.
Now, KKR-backed BrightSpring Health Services has clinched a deal for Summit Partners’ Abode Healthcare in a bid to substantially build out its home health and hospice business, according to five people familiar with the pending transaction. The transaction, which is currently awaiting regulatory approval, values Abode at...
Read the full wire commentary on PE Hub...
That’s it for today! Have a great week, readers, and as always, write to me with feedback, tips and gossip or whatever at springle@buyoutsinsider.com.
Also of note (may require subscriptions) Pandemic winners: Lenders are competing to finance new life sciences real estate investments as institutional investors get attracted to the sector's covid resilience. Read more on PERE.
In memory: Marc Unger, partner and CFO of Harvest Partners, died in December at the age of 56, leaving behind his wife and their two daughters, as well as a wide network of professionals, many of whom considered him a close friend. A dozen of them, speaking with Private Funds CFO, say he was at the beating heart of what is a uniquely collaborative and candid community within an often cutthroat industry. Read more here.
Four-year plan: At its Investor Day 2021 this week, Carlyle outlined an ambitious four-year initiative to grow its $246 billion business through fundraising across PE, credit and investment solutions strategies, Buyouts writes. Read the full report here for more on what the firm’s new global head of IR Nathan Urquhart had to say.
Big aspirations: Hellman & Friedman plans to commit over $1 billion to its latest fund, Allen Thorpe, a partner at the San Francisco-based firm, told a group of public pension trustees, writes the Wall Street Journal. Check it out here.
PE Deals
They said it “Prior to COVID-19, legal business was paper- and people-driven, but that has been forced to adapt. And what they realized about adapting is that they are actually more efficient in utilizing technology, and that’s here to stay." Alex Crisses, managing director and co-head of emerging growth at General Atlantic, told PE Hub, speaking to the firm's investment in Evisort.
Today's letter was prepared by Sarah Pringle Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MOREPlease visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC.
London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN
To update your PE Hub email preferences, or to unsubscribe, click here. |
Loading...
Loading...
