'Partnering with a team that is deeply versed in the science like Sofinnova is critical to meaningfully scale and accelerate our investment activity,' said Apollo's Neil Mehta.
Investors have discovered the appealing attributes of the car wash business, including the basic service, strong margins, low working capital, labor efficiency and recurring revenue base.
Vestar seeks companies that 'use technology to aggregate, integrate, and analyze mission-critical data sources to drive high-impact insights for their customers.'
“We have identified a number of potential acquisitions and we have a nice pipeline,” said GTCR's Sean Cunningham.
“In today’s healthcare world, whether it's dermatology, dental, or primary care, you have to provide a very strong patient experience, which is now more of a consumer experience," said Sun Capital's Florian.
The PE firm recently invested in Geosyntec, which has a team of 1,700 engineers, scientists and other technical personnel.
“Some of the trends that we were looking at include the growth in e-commerce and the increasing volume of goods that are getting shipped across the country and the proliferation of distribution centers that are being built out.”
Apollo has announced it will buy a minority stake in Paris-based life sciences VC firm Sofinnova Partners, following Carlyle's purchase of Abingworth and EQT's acquisition of LSP.
Founded by Reuben Munger in 2008, Vision Ridge Partners seeks to deliver superior financial returns and positive environmental impact through investments in sustainable real assets.
'We have seen a large number of consumers interested in hair care at the premium end of the scale,' Kelly said.