TowerBrook Capital Partners’ 2021 investment in EisnerAmper catalyzed private equity’s pursuit of accounting firms. The two industries have coexisted for decades, but this partnership established a new chapter in private equity’s playbook, creating novel entity structures in the process. Read more on market dynamics, transaction structures, and partnership considerations in our market overview. Download Now … Continued
There are several factors contributing to today’s unique and unexpectedly active M&A climate. Increasing competition driving high valuations, record levels of dry powder, and low interest rates were all discussed in detail in our previous blog. Additional emerging considerations, including U.S. population trends, the percentage of business owners by generation, COVID-19, and potential near-term changes … Continued
DataRobot – best known for its suite of leading AI software platforms specifically aimed at democratizing AI for the enterprise environment – announced a partnership last week with Boston Consulting Group (“BCG”). DataRobot acquired IP, SOURCE AI, from the BCG GAMMA team. BCG created SOURCE AI to allow analytics teams to quickly aggregate data from … Continued
On January 16th, 2018, NewSpring Capital (“NewSpring”), an investment firm managing ~$1.7 billion, announced that its dedicated mezzanine fund made an investment in Pillar Technology Group, LLC (“Pillar”), a software development and digital transformation consultancy focused on emerging technologies including the IoT and connected products. Pillar will use the proceeds to fuel growth including opening … Continued
On December 5, 2017, Water Street Healthcare Partners (“Water Street”), a private equity firm focused on investments in the healthcare industry, completed two acquisitions to continue building its life sciences commercialization services platform. The firm acquired Health Strategies Group, a provider of market access intelligence and customized research for pharmaceutical and biotech professionals, and Alliance … Continued
On August 22nd, 2017, CGI Group Inc. (NYSE:GIB, TSX:GIB.A) (“CGI”), a global provider of information technology (“IT”) and business process services, announced an all-cash tender offer of €4.55 ($5.34) per share to acquire Affecto Plc (HLSE:AFE1V) (“Affecto”), a provider of business intelligence and enterprise information management solutions and services. The offer implies an enterprise value … Continued
On July 28, 2017, funds managed by MTS Health Investors, LLC (“MTS”) completed a recapitalization of Medical Knowledge Group, LLC (“Medical Knowledge Group” or the “Company”). Medical Knowledge Group is an analytics driven and technology-enabled multi-channel healthcare marketing and communications provider servicing the biopharmaceutical industry. MTS has partnered with senior management at Medical Knowledge Group … Continued
