The Wire

Feb. 16, 2021

RLH gears up to sell ClearView, Diversis' ServicePower on the sale block, Ares chief says SPACs impact PE dealflow

Happy Tuesday!

Hope you had a great long weekend.

We have intel on two sale processes, beginning with RLH Equity Partners-backed ClearView Healthcare Partners. It is unclear if the potential process, expected to launch in Q1, has formally kicked off yet. Also, Diversis Capital is preparing to sell ServicePower, a field service management software provider, sources familiar with the situation told PE Hub. Elsewhere, the SPAC talks continue on. Ares Management's co-founder and chief executive, Michael Arougheti said that special purpose acquisition companies could take more deal opportunities away from the private equity market.

Read the full wire commentary on PE Hub.

That's it for today! Have a great week ahead, and as always, write to me with tips, feedback or send your comments at karishma.v@peimedia.com

Also of note (may require subscriptions)

GP-led deals: Kohlberg & Co is running a process to move around four assets out of its 2012 vintage fund and into a continuation pool, for more time to manage the assets while providing distributions to existing investors, sources told Buyouts.