PEI Staff
Leawood, Kansas-based Nueterra, which formerly owned and managed healthcare facilities, has divided its interests between two new companies—NueHealth and Nueterra Capital. Nueterra Capital will continue the founding company's private equity investment and advisory services, while NeuHealth will operate a national system of integrated provider networks.
Viking Partners Fund II, launched in 2012 by Viking Partners LLC completed the sale of three retail shopping centers for an aggregate purchase price of $17.6 million. The properties, Indian Creek Commons, Louisville Kroger Center and Grand Central Station, are located in Indianapolis, Louisville and Cincinnati, respectively.
Modere, a portfolio company of Z Capital Partners LLC, appointed Josh Kirschbaum as chief operations officer and Brad Christensen as chief information officer. Kirschbaum was previously COO at Gilchrist & Soames, and Christensen has worked at Novell and FamilySearch.org. Modere is a Utah-based social retailer focused on wellness.
Apellis Pharmaceuticals Inc withdrew its plans for an initial public offering, according to an SEC filing. Apellis, which is developing a protein inhibitor for autoimmune and inflammatory diseases, originally applied to list on the NASDAQ in October 2015 with a proposed deal size of $86 million.
Monica Vinader, a British brand of affordable jewelry, secured a 20 million pound ($28.86 million) investment. UK-based private equity firm Piper contributed 14 million pounds ($20.2 million) and Winona Capital provided 6 million pounds. As part of the transaction, existing investor Beringea realized part of its investment in Monica Vinader Ltd. PRESS RELEASE LONDON, February […]
OpenGate Capital hired Desmond Nugent as principal, overseeing the operations of the firm’s North American portfolio companies. Nugent joins the firm’s Los Angeles office from The Gores Group, where he was a principal.
Gridiron Capital LLC sold its portfolio company ESP/SurgeX, a manufacturer of energy intelligence and power protection solutions, to AMETEK Inc. Financial terms were not disclosed. Lincoln International and BNP Paribas acted as joint advisors for the transaction and Ropes & Gray LLP provided legal counsel.
PSA Healthcare, a provider of pediatric home care and a portfolio company of J.H. Whitney Capital Partners acquired Care Unlimited Inc, a provider of home care services to medically fragile children in Pennsylvania. Financial terms of the transaction were not disclosed. Edge Healthcare Partners served as PSA’s financial advisor. The Braff Group served as Care Unlimited’s strategic advisor.
Milwaukee-based Mason Wells closed its fourth buyout fund on $615 million, exceeding its $550 million target. The fundraising effort for Fund IV was launched last summer. Similar to previous funds, the new vehicle will focus on lower middle market companies headquartered in the Midwest.
Greenberg Traurig LLP hired Raymond F. Bogenrief as a shareholder in the corporate and securities practice. Bogenrief joins the firm’s Chicago office from Vedder Price. Before Vedder, he was a partner at Kirkland & Ellis.