Leonard Green explores sale of MDVIP, Charlesbank makes strategic investment in Clearlake, SkyKnight-backed symplr, Berkshire Partners seeks staple into Fund X in secondary Morning!
This is Chris, on the Wire for Sarah who is hiking out in the vast Adirondacks for some well deserved R&R. I’ll be venturing into the office for the first time in a while with a bit of trepidation and excitement. Honestly, I’m most curious to see if some of my old haunts are still up and running in the old (midtown) neighborhood.
Are you back in the office on a periodic or regular basis? How’s it going? What’s changed since the pre-pandemic days? Any tips? Hit me up at cwitkowsky@buyoutsinsider.com.
Sales: Leonard Green & Partners is exploring the sale of MDVIP, which offers customers a network of primary care doctors that provide personalized and preventative medicine for an annual fee, writes Sarah on PE Hub today.
Sources expect the Jefferies-run process to wind up with a sponsor buyer, Sarah said.
Read the full wire commentary on PE Hub...
That’s it for me! Hit me up with tips n’ gossip, feedback or book recommendations at cwitkowsky@buyoutsinsider.com or find me on LinkedIn.
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Also of note (may require subscriptions) Tender: Berkshire Partners is running a tender offer process that would allow LPs in its eighth and ninth funds to cash out. The deal also would provide a shot of fresh capital into its tenth fund, which is currently fundraising with a $6.5 billion target. Read it here on Buyouts. Hint: Antares Capital hired Jeffrey Stammen as managing director and head of investor coverage in asset management, a move that hints at an upcoming fundraising process. Stammen joined Antares from Barings, where he was regional sales head in North America institutional business development. Read it here on Buyouts. Inflation: Secular forces that kept inflation in check over the past decade are beginning to fade, a trend accelerated by the pandemic, the Wall Street Journal writes. These secular trends include globalization, which has slowed amid a backlash, and an aging population. Read it here.
They said it “The factors that were…playing a significant role in that low-inflation environment last cycle are beginning to fade.” Sarah House, director and senior economist at Wells Fargo, on fading secular trends that were holding down inflation. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. To update your PE Hub email preferences, or to unsubscribe, click here. |