Amulet, CVC and Kinderhook pursue primary care; shift in value-based care drives PE investments, says Harris Williams

View this email online

Amulet, CVC and Kinderhook pursue primary care; shift in value-based care drives PE investments, says Harris Williams

Morning Hubsters,

Happy Fri-yay! John R Fischer here with the US Wire from the New York newsroom.

We’re keeping things short and sweet this morning. We start with a 5-deal listicle on a healthcare segment with promising consolidation prospects – a fact that has attracted the likes of Amulet Capital Partners, CVC Capital Partners and Kinderhook Industries.

We’ll wrap things up with look into a Harris Williams article discussing investment opportunities that PE firms are seeing in value-based healthcare. Let’s dive in.

Next generation health
Market fragmentation, the rising use of tech-enabled care models, aging demographics and shifts to value-based care are creating opportunities to acquire, consolidate and scale platform investments in the primary care market.

PE Hub rounded up five deals in the primary sector from the last six months.

Upgrade to the premium Wire to learn more.

Finding a doctor

The aim to shift all Medicare beneficiary to value-based payment programs by 2030 has led investors to target providers experienced in managing risk and improving outcomes for complex, high-cost patient populations, according to senior professionals in Harris Williams’Healthcare and Lifesciences Group.

You can read my takeaways from the report in the premium version of the Wire.

Well, that’s it from me. As always, if you have any questions, thoughts or want to chat, please email me at john.fischer@pei.group.

Nina Lindholm will be in the Europe chair on Monday, while Rafael Canton will bring you the US Wire, filling in for MK Flynn while she takes a well-deserved vacation.

Cheers,

John

Read the full Wire commentary on PE Hub ...

Also of note (may require subscriptions)

GI Partners is running a process to allow limited partners in an older fund to cash out of their stakes in its portfolio company, data centre business Flexential, three secondaries market sources told Secondaries Investor.

A proposed increase of nearly 20 percentage points in the tax rate on private university endowments would cause them to be “more aggressive” with their allocation strategies, including to private equity, according to senior staff at CommonFund and the National Association of College and University Business Officers. (Buyouts)

Italy’s stable political climate and an openness among founders to private equity has made the Mediterranean country increasingly popular among dealmakers. With PE Hub having reported seven deals in the country since the start of the year, private equity firms have clearly noted an opportunity.

Butterfly Equity-backed Pete and Gerry’s Organics has acquired Farmers Hen House from Benford Capital Partners for an undisclosed price. Pete and Gerry’s chief executive Tom Flocco says avian influenza has caused havoc in conventional egg pricing and helped narrow the gap with higher priced premium eggs. (Agri Investor)

Placement firms are playing survival of the fittest: As natural selection intensifies among placement agents, those who can broaden their scopes geographically and strategically look set to benefit. (Private equity International)

Most managers raise either diversified or sector-specific real estate funds. Los Angeles-based Ares is looking to do both. (PERE)

KKR’s new real asset business forms just as the data center world is rocked: In the inaugural episode of The PERE Podcast, editor-in-chief of real estate for PEI Group Jonathan Brasse, PERE editor Evelyn Lee and PEI Group’s infrastructure editor-in-chief Bruno Alves dig into the details of the new business and reflect on the context of the DeepSeek AI revelations and their impacts on digital real assets.

In the fast evolving climate investing landscape, gaps are being plugged by innovative firms and investors. (New Private Markets)

CVC Capital Partners’ secondaries unit is halfway to target for its latest flagship fund. CVC Secondary Partners had raised $3.5 billion ahead of its $7 billion target for CVC SOF VI Associates as of year-end 2024, according to its full-year activity update published Friday. (Secondaries Investor)

Deals

They said it

“The most sought-after companies in this sector are utilizing technology to demonstrate that their savings are being generated by clinical outcomes as opposed to optimized coding.”

— Dan Linsalata, managing director, Harris Williams, on investor attraction to value-based healthcare providers

Today's letter was prepared by John R Fischer

Did someone forward you this email? Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article.

Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC.

London | New York | Hong Kong | Tokyo | Sydney

PEI Group Ltd is registered in England no.6135779

Registered office: 5th Floor, 100 Wood Street, EC2V 7AN

To update your PE Hub email preferences, or to unsubscribe, click here.