BV Investments bets on healthcare staffing; Mubadala talks about co-investing on tech deals

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BV Investments bets on healthcare staffing; Mubadala talks about co-investing on tech deals

Good morning, Hubsters. MK Flynn here with the Wire.

Interest rates are on my mind this morning. The Federal Reserve said yesterday that it isn’t raising the benchmark rate right now. But it’s still higher than it’s been in more than 20 years – and is expected to stay there, or even go a little higher with one more rate hike expected later in the year.

A while back, PE Hub and other PEI Group publications explored the impact of rising interest rates on private equity in a five-part podcast series that’s worth resurfacing now.

The series is called Private Markets and the End of Cheap Money. For the first episode, I spoke with a slew of dealmakers, including Norm Alpert, founding partner at Vestar Capital Partners; Marc Leder, co-founder and co-CEO of Sun Capital Partners; and Ignacio Jayanti, CEO of Corsair Capital. If you missed the series when it first came out, have a listen now.

Today, we’re featuring BV Investment Partners’ recent investment in healthcare staffing specialist Hardenbergh Group.

And we’ve got an interview with Ali Osman, the head of technology and software investments at Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi, UAE.

Nurse shortage

Demand is soaring for nurses and other medical services professionals, “driven by aging patient demographics and corresponding increased procedure volumes, new venues of care (ie: telehealth), and increased clinician count,” Sean Wilder, managing director, BV Investment Partners, told PE Hub’s Michael Schoeck.

To learn more about the mid-market private equity firm’s recent acquisition of Hardenbergh Group, upgrade to the premium version of the Wire.

Mission critical

Mubadala Investment Company, a sovereign wealth fund based in Abu Dhabi, UAE, has completed several recent technology deals in the US and Europe in partnership with US private equity firms.

The firm has partnered with KKR to invest in CoolIT Systems, a provider of cooling systems for data centers; with Vista Equity Partners to invest in sales engagement software provider Salesloft; and with Thoma Bravo to invest in experience management software developer Medallia.

PE Hub’s Obey Martin Manayiti caught up with Ali Osman, the head of technology and software investments, to discuss its strategy going forward. He told us why Mubadala favors co-investments, opportunities in North America and future investments in artificial intelligence.

Upgrade to read the interview.

That’s all for today. As always, you can reach me at mk.flynn@pei.group. I’d love to hear from you!

Obey will be back with more tomorrow, and I’ll be with you on Monday.

Happy dealmaking,

MK

Read the full Wire commentary on PE Hub ...

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