Government retirement funds are pumping record sums into private equity, defying concerns about risk and cost as they try to plug pension shortfalls. U.S. pension funds’ private-equity investments swelled to an average 8.9% of holdings in 2021 after three years of...
Healthcare revenue management firm R1 RCM said on Monday it would buy peer Cloudmed in an all-stock deal worth about $4.1bn, including debt. Upon the deal’s closing, R1 shareholders will own about 70% of the combined company on a fully diluted basis and Cloudmed...
Global buyout giant KKR has closed KKR Health Care Strategic Growth Fund II on $4bn, just shy of tripling the size of its $1.45bn predecessor fund I which was closed in 2017. The vehicle will be dedicated to health care growth equity investments in North America and...
Insatiable investor demand has driven US PE-backed exit value to nearly 20-year highs, but it is unlikely this trend will hold up in 2022. PE-backed IPOs broke annual records for both total count and value in just the first three quarters of 2021, a phenomenon driven...
Private-equity firm Leonard Green & Partners, which has backed companies such as home-and-office-goods retailer Container Store and restaurant operator Velvet Taco Inc., has joined the growing ranks of large buyout shops seeking capital with plans to raise at... 