LLR, Thoma Bravo and Vistria are among the PE firms that have made recent HR tech investments.
The move reflects Blackstone's increasingly large bet on the healthcare sector, which is primed for big deals in 2023.
'There are a lot of these single-facility players that focus on low-volume, complex parts, but it's hard for them to get to real scale just organically,' MiddleGround's Marty Sjoquist said.
IRCA, a speciality ingredients producer, entered talks to acquire Kerry Group’s Sweet Ingredients Portfolio for €500m.
The market Viventium serves 'has really challenging human capital dynamics in terms of retaining, paying and engaging employees,' said LLR's Sasank Aleti.
'Markets such as life sciences and food safety have durable secular trends' in TIC, said partner Brandon Brahm.
Aerofondo, Tikehau’s fund focused on segments within the aerospace industry, acquired Formecal in early January.
AI, customer engagement, digital transformation and cybersecurity are hot, said Union Square Advisors' Wayne Kawarabayashi.
AEI, Concord, Permira, Vistria and others recruited pros with hands-on experience running companies.
'Given the nature of this portfolio, and the synergies that are created, we are expecting mid- to high-teens rates of return from this portfolio,' said Angelo Acconcia, partner at ArcLight Capital.