The Wire

Jan. 27, 2021

TPG Growth's travel nurse platform explores sale, Gores' Mark Stone on the SPAC frenzy

 

It’s hump day, everybody.

 

On the heels of the largest SPAC deal in history, The Gores Group’s Mark Stone told PE Hub there’s bound to be disappointments amid the proliferation of the vehicle, when asked about the historically poor returns delivered by blank-check companies: “The number of SPACs are larger than number of companies that deserve to go public.” Read more insights from Stone on PE Hub.

 

When hospital utilization is booming: As seen through the covid period, that equates to a boost in demand for temporary nurse staffing. As such, sources familiar with the firm's plans say that TPG Growth is exploring the sale of one growing business in the sector...

 

Read the full wire commentary on PE Hub. 

 

That's it for today! As always, write to me at springle@buyoutsinsider.com with any tips, feedbacks, comments or just to say hello. 

 

Note to Readers: It's that time of year ... for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards.

Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year.

Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian.

If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.

 

 

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