| LGP's ExamWorks is up for sale, Providence Strategic Growth taps bank for Government Brands sale, Partners Group buys Axia from Audax
Morning!
We’ve got lots of news for you today, starting with another multi-billion-dollar healthcare deal in the works. Leonard Green & Partners is evaluating a sale of ExamWorks that could ultimately value the provider of independent medical examinations at more than $4 billion, according to sources familiar with the process. Truist Securities is providing financial advice on the sale process, which involves conversations with a small group of potential suitors, including... Read my full report here.
In brewing tech activity, Providence Strategic Growth is preparing to sell Government Brands, a provider of government software and integrated payments, sources familiar with the situation told PE Hub. William Blair has been engaged for sell-side financial advice. Finally, Partners Group in its latest push into North America healthcare has emerged as the winning suitor for Axia Women’s Health, PE Hub has learned. The deal, which has not closed, commanded a total enterprise value of just below $800 million, and is set to provide an exit...
Read the full wire commentary on PE Hub...
That's it for me! As always, write to me with your comments, questions or tips at springle@buyoutsinsider.com.
Also of note (may require subscriptions) New gig: The secondaries advisory team at Guggenheim Securities is set to depart, less than a year after it was formed, Secondaries Investor has learned. The team led by managing director Matthew Wesley is joining Jefferies, where it will focus on GP-led deals alongside the existing team, according to two sources familiar with the matter. Read it here.
Under consideration: KKR is still in the “analysis” phase of entering the secondaries market, according to the firm’s co-president and co-chief operating officer. In the meantime, the firm is also focused on long-dated strategic investor partnerships, co-CEO Scott Nuttell said on Tuesday. Read more on Private Equity International.
Tech-gov investing: Veritas Capital, a private-equity firm focused on investments in companies at the intersection of technology and government, has closed its first stand-alone midmarket-focused fund, collecting some $1.8 billion, Wall Street Journal writes. Check it out.
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