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Envision Healthcare Corp.‘s process to divest its medical-transportation unit is advancing toward what could ultimately produce a deal worth well over $2 billion. First-round proposals for the Envision subsidiary known as AMR, or American Medical Response, were submitted last week, Buyouts has learned. Financial sponsors and two PE-backed air-medical-transportation platforms — American Securities LLC’s Air Methods and […]
Ronen Lazar is co-founder and CEO of Inturn, a B2B software platform that helps retailers deal with excess inventory. Q: What’s the biggest problem for retail? Inventory is the largest expense for every retailer. For one, it’s an unpredictable demand. There’s changes in consumer-spending habits, weather. There’s always inventory that no retailer can project what they […]
With the fate of the Affordable Care Act hanging in the balance, regulatory changes are expected to be the biggest factor to affect private equity in the next year, a survey from SS&C Technologies Holding says. Roughly half, or 47 percent, of executives questioned said pending legislation would have the largest effect on PE. Transparency […]
Tecum Capital Partners has partnered with a family office to launch a private equity fund. Tecum Equity Partners III LP is a $50 million committed pool of capital backed by Western Allegheny Capital. Tecum Equity III will target control investments in industrial, distribution and more cyclical sectors like machine shops, tool and die, as well […]
Andrew Lindner is a co-founder and managing partner of Frontier Capital, where he helps lead the Charlotte, N.C., firm’s healthcare IT and vertical SaaS investment activities. Regardless of how the Affordable Care Act is (or isn’t) tweaked, the continuation of employer-sponsored healthcare has created new opportunities for the PE community. Frontier intends to join in, […]
Since Earvin “Magic” Johnson left basketball, his biggest challenge has been gaining acceptance from institutional capital. Johnson, a force on five championship teams with the National Basketball Association’s Los Angeles Lakers, told a dealmaker-packed room at ACG’s InterGrowth that California Public Employees’ Retirement System rejected him five times before it agreed to partner with him. Success […]
First-quarter sponsor-led deal flow illustrated that differentiation is more important than ever, as the pool of buyers chasing quality assets continues to expand and valuations remain at record levels. “In this expensive market, being able to go up in size gives you an advantage,” Prakash Melwani, chief investment officer of the private equity group at […]
DW Healthcare Partners, private equity, healthcare, Canada
$295 mln Fund IV is firm’s largest; closes 11% above Fund III Fund IV draws 31 LPs, including a dozen new ones Eyes Canada firms bringing products/services to U.S. markets DW Healthcare Partners has signaled an interest in doing more deals in Canada’s healthcare industry with the close of its fourth private equity fund. The Toronto […]
Levine Leichtman capitalized on the growing preference among seniors to stay in their homes.   During the Los Angeles firm’s four-year investment in Senior Helpers, a franchiser of in-home companion care and personal care to patients suffering from diseases like dementia, the portfolio company saw organic EBITDA growth of about 250 percent. Top-line growth also accelerated, with […]
KPS Capital Partners’ success with Anchor Glass Container stemmed from a combination of actions, led by KPS and company management. The moves helped the bottle maker boost EBITDA nearly 59 percent in less than three years, said Jay Bernstein, a partner at KPS. The New York buyout shop acquired Anchor Glass, which makes glass packaging products used by […]
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