| View this email online The Wire Nov. 22, 2021 RiverGlade exits controlling stake in U.S. Oral Surgery to Oak Hill, CCMP eyes secondary on BGIS, Truck Hero in busy market Happy Monday! News today includes RiverGlade Capital, which is exiting its controlling stake in U.S. Oral Surgery, which it formed in 2017, to Oak Hill Capital. RiverGlade grew the company to include 48 oral surgery practices and 141 surgeons working with patients at 124 clinics across 18 states. Read it here. Also, CCMP is working on a process for two portfolio companies in its third fund: BGIS, which provides facility management services; and Truck Hero, which provides aftermarket accessories for pick-up trucks and jeeps. The deal would allow limited partners in CCMP’s third fund, which closed on $3.6 billion in 2014, to either cash out of their interests in the two assets or reinvest in the continuation fund being formed to hold the companies longer. Read more here on Buyouts. That’s it for me! Hit me up with tips n’ gossip, feedback and thoughts cwitkowsky@buyoutsinsider.com or over on LinkedIn. Read the full wire commentary on PE Hub... Also of note (may require subscriptions) More of a good thing: California Public Employees' Retirement System wants more private equity. During its investment committee meeting Monday, the board of the largest public pension system in the US approved raising CalPERS' private allocation target to 13 percent, up from 8 percent. (Buyouts) Deeper impact: Private markets – specifically early-stage private equity – is seen [by wealth clients] as the most natural way to create impact," James Gifford, head of impact advisory at Credit Suisse, tells New Private Markets. "Clients have become more aware of the societal challenges and see the benefit of doing well by doing good. Private call: "KKR has launched a more than €33bn offer to take Telecom Italia private in what would be one of the largest private equity buyouts of a European company in history." (Financial Times) End scene: "The healthcare technology company Athenahealth is close to being sold to the private equity firms Bain Capital and Hellman & Friedman, according to people familiar with the situation, in a $17bn deal that would bring down the curtain on a buyout fashioned from one of the hardest-fought activist campaigns in recent memory." (Financial Times) PE Deals They said it “This is a really underpenetrated market. There are thousands of private equity and other alternative asset managers out there. Firms pop up that I’ve never seen before.” — Mustafa Siddiqui, head of GP stakes strategy at Blackstone, on opportunities in the space. 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. FIND OUT MORE 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. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. | 