Morning Hubsters! How is your week proceeding? What are you getting ready for when the world gets back to business (and school!) next week? Med devices: Bain Capital agreed to buy Evident Corp, which makes microscopes for life sciences and industrial applications. The company also makes videoscopes for remote visual inspection and non-destructive test equipment. The deal is valued at about $3.1 billion, based on the purchase price of about 427.6 billion yen, according to a filing from the company. Bain is buying the company from Olympus Corp, where Evident is a subsidiary. The deal is expected to close in the first quarter of 2023. Read more here on PE Hub. Food: Blue Point Capital acquired Water Lilies Food, which makes and distributes frozen Asian-inspired cuisine for retail private label and food service customers in the US. The PE firm is investing alongside CEO and second generation family member Peter Lee, whose family founded the company in 1995. Read more here on PE Hub. External: Secondaries buyers are increasingly backing away from single-asset secondary deals that are priced off of a preceding minority stake sale, Lazard found in its recent first-half secondary volume survey. While buyers may prefer valuations set through auction, GPs who run secondary sales generally like pricing set through earlier financing rounds. This tension is increasingly coming into play in single-asset deals, where several buyers (confirming Lazard’s findings) have said they generally avoid deals with externally set valuations. The problem is, single-asset deals often involve a GP’s treasured portfolio company - an asset that many investors would like a piece of, to ride future growth as the secondary capital allows investors to continue building the business. Read more here on Buyouts. That’s it for me! Hit me up with tips n’ gossip, feedback or book recs at cwitkowsky@buyoutsinsider.com or find me on LinkedIn. Read the full wire commentary on PE Hub ... | 