PE Hub

Stone Point invests in Lone Wolf Technologies, Vista exits, Gauge-backed Miami Beach Medical Group nears sale, North American PE fundraising takes a U-turn in Q3

Tuesday, October 27, 2020

Morning!

Gauge Capital-backed Medical Group, which provides at-risk primary care in Florida, is in deal discussions, according to Sarah Pringle on PE Hub. The company hopes to command a mid-teens multiple of Ebitda in a deal.

The company and peers have performed well through covid-19 because of its capitated, risk-bearing model of reimbursement, while the growing senior population and Medicare Advantage has further propelled the category, sources told PE Hub. Read more here on PE Hub.

Top Scoops

Vista Equity exited Lone Wolf Technologies, which provides software for residential real estate brokers and agents throughout North America. Stone Point Capital acquired Vista's stake in the business. Vista first invested in Lone Wolf in 2015 in partnership with the company's founder Lorne Wallace, and made a follow-on investment in 2016. Read more here.

Have a great day! Reach me with your thoughts, tips, gossip, whatever at cwitkowsky@buyoutsinsider.com, on Twitter or find me on LinkedIn.

HOUSEKEEPING

LP Insights: We're running a survey to get insight into limited partner thinking in today's market. Take the survey here and share your thoughts with us: Take the survey.

Premium

Gauge-backed Miami Beach Medical Group nears sale

Private equity appetite for at-risk primary care groups has grown, with MBMG joined by other players like InTandem's Cano that are also nearing a sale. More...

West Lane invests under $20m into retail business

The lower-mid-market PE firm acquired a majority stake in Non-Foods Marketing Corp. More...

Unigestion closes in on target for second direct fund

The firm expects a final close in early 2021. More...

DOWNLOAD: North American PE fundraising takes a U-turn in Q3

US and Canadian buyout, growth equity, secondaries, venture capital and other PE funds collected $200bn at the end of September, down 25% from the same time last year. More...

The Global Public Opporutnity Fund finds success going against the grain

The firm has found success and a solid LP following of family offices and high-networth individuals for its strategy to take US companies public earlier. More...

‘Venture capitalists’ plead guilty in Ponzi scheme

David Wagner and Marc Lawrence face up to 20 years in prison and must pay millions in restitution. Their case brings up the issue of overhauling unregistered private funds and what Regulation D filings allow. More...

PE Deals

Sponsored by

Keyhaven Capital sells finale assets out of EANOS Investments office portfolio

Keyhaven sold down the portfolio over its three-year hold period, with the final sale to a European insurance company. More...

Highland Capital and Coatue lead $235m funding in Caris Life Sciences

Funding also included $75 million in debt from Sixth Street as an extension to the $150 million in structured debt financing Sixth Street invested in 2018. More...

Newlight Partners makes strategic investment in Pondurance

The company also named Doug Howard as chief executive officer and Niloofar Razi Howe as chair of Pondurance's board. More...

Fonds de solidarité FTQ backs Phoenix’s acquisition of BBH

Fonds régionaux de solidarité FTQ Montréal, an affiliate of Fonds de solidarité FTQ, has invested C$4.3 million in BBH Group, a Montreal-based provider of industrial and retail safety workwear. More...

Lion Equity Partners buys TY Group from Bed Bath & Beyond

Lion Equity Partners has acquired TY Group from Bed Bath & Beyond Inc. More...

Inspire Brands in talks to take Dunkin’ Brands private: WSJ

Inspire Brands is in talks to acquire Dunkin' Brands Group, the parent company of Dunkin' and Baskin-Robbins, in a take-private deal, reported the Wall Street Journal. More...

Atwater to take minority stake in Freepik

Atwater Capital LLC has agreed to acquire a minority stake in Freepik, a Spanish provider of digital visual content. More...

Bayer to acquire biopharma company AskBio

Bayer AG has agreed to acquire AskBio, a biopharmaceutical company. More...

Brookfield’s PE group to acquire rest of Genworth MI Canada

Brookfield Business Partners, the private equity arm of Brookfield Asset Management, has agreed to acquire the shares it does not already own in Genworth MI Canada, now operating as Sagen MI CanadaTM. More...

Blackstone REIT to buy Simply Self Storage from Brookfield

Blackstone Real Estate Income Trust has agreed to acquire Simply Self Storage from a real estate fund managed by Brookfield Asset Management. More...

Rockpoint and Swig sell California office complex

Rockpoint Group and The Swig Company has sold 300 Lakeside, an office complex in Oakland, California, to a venture led by TMG Partners. More...

Stone Point invests in Lone Wolf Technologies, Vista exits

Cambridge, Ontario and Dallas-based Lone Wolf Technologies, a provider of residential real estate software, has secured an investment from Stone Point Capital LLC. More...

ICL to buy PE-backed Fertiláqua for about $120m

ICL has agreed to acquire Fertiláqua, a Brazilian specialty plant nutrition company, for about $120 million. More...

New Mountain to buy Natrol

New Mountain Capital has agreed to acquire Los Angeles-based Natrol, a vitamins, mineral and supplements brand. More...

VC News

FreshToHome procures $121m Series C

FreshToHome, a Bangalore-based e-commerce startup that sells fresh vegetable, fish, chicken and other kinds of meat, has raised $121 million in Series C funding. More...

TechSee picks up $30m in Series C financing

Tel Aviv-based TechSee, a provider of intelligent visual assistance solutions, has raised US$30 million in Series C funding. More...

ZeroEyes lands $1.5m

ZeroEyes, an AI-based platform focused on weapons detection, has secured $1.5 million in funding. More...

Scorpion Therapeutics rakes in $108m Series A

Scorpion Therapeutics Inc, a next-generation precision oncology company, has secured $108 million in Series A financing. More...

Nava grabs $20m from Thrive Capital

Nava, an employee benefits brokerage, has raised $20 million in financing. More...

StreetShares nabs $10m

Reston, Virginia-based StreetShares, a financial technology company, has raised $10 million in funding. More...

PeakEquity leads Series A round for Grayshift

Grayshift LLC, a provider of mobile device digital forensics, specializing in access and extraction, has raised $47 million in Series A financing. More...

Linktree inks $10.7m Series A

Melbourne, Australia-based Linktree, a tech platform that connects audiences to a user’s online ecosystem, has raised $10.7 million in Series A funding. More...

PrimaryBid snags Series B

UK-based PrimaryBid, a fintech platform that connects retail investors with public companies raising capital, has closed US$50 million in Series B funding. More...

Credit

Vapotherm secures up to $52m from CIBC Innovation Banking

Exeter, New Hampshire-based medical technology company Vapotherm has secured up to US$52 million in debt financing through a combination of a term loan facility and a revolving credit facility. More...

Firms and Funds

Midwest Park Capital unveils $10m fund

Chicago-based Midwest Park Capital, a private real estate investment firm, has launched a $10 million fund. More...

North Branch wraps up maiden fund

North Branch Capital has closed its inaugural fund at $132 million, beating its target. More...

Orangewood Partners gathers $101.1m for sophomore fund

Orangewood Partners has raised $101.1 million for its second fund, according to an SEC filing. More...

Thoma Bravo collects more than $22.8bn across three funds

Thoma Bravo has raised more than $22.8 billion across three funds. More...

Blackstone racks up $8bn for second core PE fund

Blackstone has closed its oversubscribed second core private equity fund at a hard cap of $8 billion. More...

People Moves

Constitution Capital hires Michael Doppelt as managing director in investor relations

Prior to joining Constitution Capital, Doppelt led fundraising and marketing at Light Capital and Irving Place Capital. More...

Gryphon-backed Transportation Insight Holding names Ken Beyer as CEO

Beyer previously worked as executive vice president and president of commerce and lifecycle services at Ingram Micro Inc. More...

Angeles Equity names Paul Schmitz to board of Crenlo Engineered Cabs

Schmitz previously worked as president and CEO of Thermasys before its merger with API Heat Transfer. More...

Cresset Diversified Real Estate hires investments director

Cresset Diversified Real Estate has named Dominic DeRose as director of investments. More...

Kohlberg-backed ONS appoints Rabuse as chief value officer

Orthopaedic & Neurosurgery Specialists, an orthopedic and neurosurgery practice serving Connecticut and New York, has named Rondi Rabuse as chief value officer. More...

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.