| PE deals set to hit first trillion-dollar year, Onex buys Newport Healthcare at $1.3bn, Sun Capital acquires ESG asset Happy Tuesday, folks!
Lately, summer has felt like a blur with the number of deal announcements each day! Backing this, a recent EY report stated that private equity deals surpassed $580 billion in combined value in H1 2021 – a new six-month-period record. The verdict is that PE is likely to mark its first-ever trillion-dollar year - beating the highs of 2006 and 2007 when the industry accounted for over $750 billion in value each year. Read my story to get more insights into the deal market.
Healthcare boom: Talking about large scale activity, behavioral health has been witnessing sky-high valuations. PE Hub recently learned that Onex Partners’ recent investment in Newport Healthcare values the network of mental health treatment centers tailored to teens and young adults at $1.3 billion. The deal concluded a Jefferies-run auction that kicked off around late April, sources said. Read Sarah's story on PE Hub. On the ESG front...Last week, I noted a slew of ESG deals in the newsletter, including Apollo Impact's debut investment in an Italian cardboard manufacturer, Reno De Medici. Continuing the pace, Sun Capital Partners told PE Hub it will be announcing its acquisition of Environmental Infrastructure Solutions (EIS) today. The process for EIS run by William Blair kicked off in April and closed this Friday, Jared Wein, managing director at Sun Capital told me over a call. Read the brief here.
Read the full wire commentary on PE Hub...
That’s it for me! Have a great week ahead, and as always, hit me up with feedback, tips n’ gossip, or whatever at karishma.v@peimedia.com.
Also of note (may require subscriptions)
Litigation finance news: Kerberos Capital Management, an emerging player in the litigation-finance market, is seeking $300 million for a third private credit offering. The target was disclosed in a recent report issued by Arkansas Teacher Retirement System. Read more on Buyouts.
Scratching off covid fears: Partners Group has adjusted its fundraising expectations for 2021 on the back of strong investor demand and deal activity in the first half of the year. The Swiss private markets firm expects full-year 2021 gross client demand in the range of $19 billion-$22 billion, up from the $16 billion-$20 billion announced in January. Read more on affiliate publication, PEI.
Apollo's dark times: Apollo Global Management founder and former chairman and CEO Leon Black responded to a lawsuit yesterday that accused him of sexually assaulting a Russian immigrant and former model. He denies the allegations but admits to an on-and-off relationship with Guzel Ganieva for six years. Read on WSJ.
PE Deals 
They said it “Anecdotally, [inflation] is coming out much more than it was… even a month or two ago...it’s clearly a risk and clearly on peoples’ radar.” Mark Sorrell, global co-head of M&A at Goldman Sachs, told affiliate publication Buyouts.
Today's letter was prepared by Karishma Vanjani 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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