| Momtazee SPAC and Roivant merge at $7.3b value, Francisco Partners, TPG snag Dell's Boomi, Varsity Healthcare's DuvaSawko/abeo buys Gottlieb Happy Monday!
Francisco Partners and TPG are partnering up in a deal to carve out Boomi from Dell Technologies. The cash deal assigns a $4 billion value to Boomi, a cloud-based provider in the so-called “integration platform as a service”, or iPaaS market. In another tech end-market, Varsity Healthcare Partners is quickly building out a sizable mid-market player in healthcare revenue cycle management, with DuvaSawko/abeo pushing further into emergency medicine with the acquisition of Gottlieb, PE Hub has learned. The acquisition brings the combined company’s EBITDA close to $45 million, a source familiar with the deal said.
SPAC: Jim Momtazee’s SPAC has found itself a business combination in the biopharma world. Montes Archimedes Acquisition Corp., sponsored by Momtazee, the ex-KKR executive and healthcare veteran that recently launched Patient Square Capital, announced this morning it would combine with Roivant Sciences. On the firm side, Patient Square has continued to rapidly build out its team this year, although its first platform investment has yet to be unveiled. Patient Square is telling potential investors...
Read the full wire commentary on PE Hub...
That's it for me! Have a great week ahead, hubsters, and as always, hit me up at springle@buyoutsinsider.com with your comments, tips or just to say hello.
Also of note (may require subscriptions) Question: Vista Equity told limited partners to “make room” for the firm’s next flagship fund later this year, several LPs told Buyouts, setting the stage for what will be a big test in the wake of CEO Robert Smith’s tax evasion settlement last year. The general consensus is that Vista will not have too much trouble raising the flagship fund based on its strong past performance. Some LPs, like those at public pensions or other institutions who will have to explain the tax situation to politicized boards, could choose to avoid the situation altogether. Read more on Buyouts.
Sale: AEA Investors is considering a sale of Springs Window Fashions that could value the window-products maker at more than $3 billion, Bloomberg wrote, citing people familiar with the matter. The asset is anticipated to attract interest from other buyout firms and peers in the building products sector, the report said. Read it here.
Fund terms: Wall Street Journal reports that Leonard Green & Partners-backed Prospect Medical Holdings could be forced to shut down two Rhode Island hospitals after a dispute over a state review into the company’s operations and finances. Read more on WSJ.
PE Deals 
They said it “The pandemic really didn’t move the needle on valuations. Now you have SPACs that are in the mixture as well that are also competing for PE deal flow, so it all makes the atmosphere a little more volatile, and, for PE firms, it’s a little harder to find compelling assets and pay good prices for them.” Pete Witte, EY global private equity lead analyst, told PE Hub in an interview.
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. 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. 
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