Insight

Intelerad Medical Systems, the Novacap-backed maker of medical imaging software, is seeking a buyer, five sources told Buyouts. Piper Jaffray is providing sell-side financial advice on the sales process, some of the people said. Initial bids are due Nov. 7, one of the people said. Sources characterized Intelerad as a hot asset, with the auction […]

OMERS hired James Aw to serve in the newly created position of chief medical officer, a person with knowledge of the matter told Buyouts. Aw, who officially joined the C$97 billion ($74 billion) pension fund this week, will work with in-house teams to support OMERS’ human resources, members services and investment objectives, the source said. […]

More than a decade into its investment, L Catterton is hashing out a deal to sell PatientPoint, a provider of point-of-care healthcare advertising and education, according to two sources familiar with the matter. Haymaker Acquisition Corp II, a special purpose acquisition company formed by members of Mistral Equity Partners and other investment partners, is under […]

Wells Fargo industrials banker Casey Rentch joined Goldman Sachs as the bank seeks to capture a larger share of the middle-market advisory and financing market. Rentch, who spent 14 years at Wells Fargo, will join Goldman Sachs next week as a managing director focused on the industrial sector, out of Atlanta. He will be part of […]

KPS Capital Partners LP, which just finished fundraising, exited International Equipment Solutions after eight years. Angeles Equity Partners said Tuesday, Nov. 5, that it acquired Crenlo Cab Products LLC. Crenlo was the remaining unit of IES that KPS still owned. With the sale, KPS made 3x its money on its overall investment in IES, a source […]

Commercial banks are increasingly evaluating opportunities to buy boutique M&A firms as they look to add capabilities in dealmaking areas like healthcare, according to a senior banker at Freeman & Co, a boutique firm which specializes in selling other boutique investment banking franchises. If he had to choose, the healthcare, technology and consumer industries are […]

Fiserv’s sale of its wealth platform has progressed to the final rounds, but the winner is still unclear, sources said. Thoma Bravo and Thomas H. Lee Partners were making a run for the unit, two people said. One GP mentioned Broadridge as possibly involved. “Thoma and THL are no longer in the process,” said a […]

Goldman Sachs launched a dedicated middle-market advisory and financing effort earlier this year, pushing into the market for companies—sponsor and non-sponsor backed—with enterprise values of $500 million to $2 billion. Goldman expects more than 100 bankers to work on the middle-market team, called Cross Markets Group. Three senior bankers, David Friedland, Will Bousquette and Rob […]

In 2015 the secondary market was split evenly between non-traditional buyers and secondary specialists, defined as all investment entities actively looking to purchase closed funds on the secondary market, according to the Triago Quarterly Report. But since then, non-traditional buyers have taken up more and more of the secondary market, reaching 56 percent in 2018.