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Specialty Networks, founded in 2018 and based in Cleveland, is an integrated, multi-specialty organization with group purchasing organizations, life sciences and research solutions in urology, gastroenterology and rheumatology. Linden Capital Partners has announced it will sell Specialty Networks to Cardinal Health for $1.2 billion in cash.
Over the past few years economic headwinds have resulted in fewer deals, with companies and privateequity firms alike reassessing where to spend money. Since 2018, licensing deals totaling over US$60 billion have been signed regarding ADCs, with 2023 alone having at least 18 deals. What Are ADCs and Why Are They Growing?
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising privateequity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth.
In recent posts, we outlined the background of and reasons for the dramatic upsurge of privateequity investment in the insurance brokerage industry , how the combination of privateequity and low interest rates have dramatically raised valuations , and how privateequity sponsored agencies increasingly dominate the insurance agency business.
Since 2018, John has addressed the debt default activism phenomenon on this blog and discussed related considerations, including contractual provisions designed to thwart default activists.
Privateequity firm Trive Capital has acquired Hypergiant Industries in a deal that will furnish the Texas-based AI company with capital to “build even faster,” Hypergiant CEO Mike Betzer told TechCrunch in a recent interview. The terms of the deal were not disclosed.
Our recent blog posts have covered the privateequity boom in insurance brokerages , however, the reality is that the vast preponderance of insurance brokerages (probably over 95%) have revenues under $5 million annually. How can you take advantage of the dramatic upsurge of privateequity investment in the insurance brokerage?
and its affiliates), a privateequity firm that had a controlling interest in plaintiff and whose partners served on plaintiff's board, with one as chairman. 360, 2018 (Del. On February 7, 2019, the Delaware Supreme Court issued an order affirming the dismissal of misappropriation claims by Alarm.com Holdings, Inc.
15, 2023 (GLOBE NEWSWIRE) -- Fogo de Chão (“Fogo”), the internationally renowned restaurant brand from Brazil, today announced that it has entered into a definitive agreement to be acquired by Bain Capital PrivateEquity (“Bain Capital”) to accelerate its growth and expansion. DALLAS, Aug.
For the better part of the last decade, physician practices have seen a wave of consolidation by hospitals and privateequity with 2018 being no exception [1]. In fact, acquisitions by hospitals and privateequity in provider services broke records last year according to Bain & Co’s 2019 global healthcare report.
and its affiliates), a privateequity firm that had a controlling interest in plaintiff and whose partners served on plaintiff's board, with one as chairman. 360, 2018 (Del. On February 7, 2019, the Delaware Supreme Court issued an order affirming the dismissal of misappropriation claims by Alarm.com Holdings, Inc.
2018-0730-JRS (Del. The claims arose after defendant terminated the two office supply companies' merger agreement in favor of an acquisition of defendant by a privateequity firm. 's motion to dismiss an action for breach of a merger agreement brought by Genuine Parts Company ("GPC"). Genuine Parts Co.
after it was acquired in a tender offer and cash-out merger by a privateequity firm. 2018-0789-JRS (Del. The claims focused on Essendant's decision to terminate a merger agreement providing for a stock-for-stock merger with Genuine Parts Co. ("GPC") in favor of an all-cash deal offered by the privateequity firm.
On December 11, 2018, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims against the former CEO of a technology company (the "Company") in connection with its take-private sale to a privateequity firm. In re Xura, Inc. 12698-VCS (Del.
On July 20, 2018, Vice Chancellor Joseph R. July 20, 2018). Slights of the Delaware Court of Chancery dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski, et al., 2017-0414 (Del.
Slights III of the Delaware Court of Chancery dismissed an aiding and abetting claim asserted against a privateequity buyer and its principals in a stockholder class action involving breach of fiduciary duty claims against the former CEO of a technology company in connection with its take-private sale to the privateequity buyer.
On November 20, 2018, Vice Chancellor Joseph R. the "Company") against former members of its board of directors in connection with the take-private acquisition of the Company by a privateequity buyer group in June 2017. (the In Re Tangoe, Inc. Stockholders Litigation, C.A. 2017-0650-JRS (Del Ch.
dated July 9, 2018), the Delaware Supreme Court reversed the Delaware Chancery Court’s dismissal of deal litigation based on obtaining a cleansing vote under Corwin/Volcano because the defendants failed to show “as required under Corwin” that the vote was fully informed. of The Fresh Market shares, rolling over their equity.
Summary Privateequity-backed Physician Practice Management (“PPM”) companies in the ENT & Allergy space continued a conservative growth trajectory during Q1 2024. Introduction Privateequity groups began investing in the ear, nose, and throat and allergy space in 2018. Download the article.
Update on PrivateEquity and Insurance Brokerages In our ,, previous article , we reported that the COVID-19 pandemic had not diminished the pace of mergers and acquisitions transactions we are seeing in the insurance agency and brokerage sector. The number of transactions we are working on has not abated. Dry powder reached $1.4
533, 2018, (Del. After a listeria outbreak at the ice cream manufacturer, the Company purportedly faced a liquidity crisis and accepted a dilutive privateequity investment. the "Company"). Marchand v. Barnhill, No. June 18, 2019).
2018-0730-JRS (Del. The claims arose after defendant terminated the two office supply companies' merger agreement in favor of an acquisition of defendant by a privateequity firm. 's motion to dismiss an action for breach of a merger agreement brought by Genuine Parts Company ("GPC"). Genuine Parts Co.
after it was acquired in a tender offer and cash-out merger by a privateequity firm. 2018-0789-JRS (Del. The claims focused on Essendant's decision to terminate a merger agreement providing for a stock-for-stock merger with Genuine Parts Co. ("GPC") in favor of an all-cash deal offered by the privateequity firm.
392, 2018 (Del. On April 5, 2019, the Delaware Supreme Court reversed in part and affirmed in part a decision of the Delaware Court of Chancery that had dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski et al.,
On December 11, 2018, Vice Chancellor Joseph R. Slights III of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims against the former CEO of a technology company (the "Company") in connection with its take-private sale to a privateequity firm. In re Xura, Inc. 12698-VCS (Del.
On July 20, 2018, Vice Chancellor Joseph R. July 20, 2018). Slights of the Delaware Court of Chancery dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski, et al., 2017-0414 (Del.
Slights III of the Delaware Court of Chancery dismissed an aiding and abetting claim asserted against a privateequity buyer and its principals in a stockholder class action involving breach of fiduciary duty claims against the former CEO of a technology company in connection with its take-private sale to the privateequity buyer.
The SIE was first introduced in 2018 as a mandatory exam for people seeking to be employed in the securities industry. The Officehours Guide To PrivateEquity Part 4: Megafund Vs. Middle Market PrivateEquity Discover the world of Middle Market PrivateEquity with expert insights and guidance.
On November 20, 2018, Vice Chancellor Joseph R. the "Company") against former members of its board of directors in connection with the take-private acquisition of the Company by a privateequity buyer group in June 2017. (the In Re Tangoe, Inc. Stockholders Litigation, C.A. 2017-0650-JRS (Del Ch.
in 2018 for an undisclosed amount. Quality is the firm’s third acquisition through its Caymus Equity Partners Fund II LP, the firm’s first committed privateequity fund. Caymus bought Columbus, Ohio-based TriplePoint, then known as Temp-Con Inc. ,
from Bestport Ventures LLP and FF&P PrivateEquity Ltd. in March 2018 to expand its card-present capabilities, meaning transactions in which a card is physically present at the sale. Network Merchants added layers of payments capability and services through acquisitions. The company purchased CreditCall Ltd.
Summary Privateequity’s investments in ophthalmology are entering a new, more mature lifecycle phase. We also expect many platform recapitalizations once privateequity groups and lenders become comfortable with the interest rate environment. The typical ophthalmology PPM is also regionally focused.
533, 2018, (Del. After a listeria outbreak at the ice cream manufacturer, the Company purportedly faced a liquidity crisis and accepted a dilutive privateequity investment. the "Company"). Marchand v. Barnhill, No. June 18, 2019).
From 2018 to 2021, the total number of bakery workers declined nearly 12%, leaving operators struggling to replace highly experienced talent. General Mills acquired privateequity-backed TNT Crust, a frozen pizza supplier, for $253 million.
(Otherwise Known as “How Acquisitions Are Structured”) Our November blog post asked how a smaller agency can take advantage of the tsunami of privateequity investment in insurance brokerages. This is generally the same stock which is owned by senior management and the privateequity investor.
392, 2018 (Del. On April 5, 2019, the Delaware Supreme Court reversed in part and affirmed in part a decision of the Delaware Court of Chancery that had dismissed a stockholder challenge to an all-stock business combination between Earthstone Energy, Inc. ("Earthstone") and Bold Energy III LLC ("Bold"). Lodzinski et al.,
On April 23 a group led by privateequity firm TPG agreed to acquire OneOncology, the nation’s largest independent community oncology network, in a deal valued at $2.1 While the biggest recent deal, OneOncology is hardly the first oncology platform to be sold to a privateequity group.
challenging the take-private buyout of the company by its controlling stockholders and a privateequity firm. 2018-0396-AGB (Del. Bouchard of the Delaware Court of Chancery denied a motion to dismiss breach of fiduciary duty claims brought by former shareholders of AmTrust, Inc., In re AmTrust Financial Services, Inc.
Given the size of the platform, Helmitin’s advisers are expected to market the business largely to strategics as an add-on, though sources said privateequity firms with experience in adhesives and specialty chemicals will likely be invited to participate. Taylor LLC to Meridian Adhesives in September 2018.
While they're seen in numerous sectors, their significance shines particularly in investment banking , privateequity, and corporate finance. In modern times, their usage has expanded, notably in sectors like investment banking and privateequity , adapting to the dynamic needs of the financial industry.
And Navigant Consulting, a well-known publicly traded company, finished going private in 2019, after first selling its Disputes, Forensics and Legal Technology practice to Ankura in 2018, and then selling its remaining divisions to Guidehouse. It seems that the trend is to stay private.
EBITDA Multiples for Insurance Agencies, 2018-2024 (Projected) M&A Deal Volume for Insurance Agencies, 2018-2024 (Projected) *S&P Global Data taken from ,,, “Insurance Brokers and Servicers Sector View 2024” The most important news this data offers is that insurance M&A is not actually in the tailspin that many “experts” claim it to be.
The strategy centers around developing a symbiotic “flywheel” relationship between the consumer products and media properties, while tapping Ivest’s expertise in licensing, M&A and what Loch terms a “privateequity 2.0” ” approach. “It’s A Mini Warner Bros. for decades.
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