Momtazee SPAC combines with drug company, Varsity Healthcare's RCM platform in growth-mode

The Wire

May 3, 2021

Momtazee SPAC and Roivant merge at $7.3b value, Francisco Partners, TPG snag Dell's Boomi, Varsity Healthcare's DuvaSawko/abeo buys Gottlieb

Happy Monday!

Francisco Partners and TPG are partnering up in a deal to carve out Boomi from Dell Technologies. The cash deal assigns a $4 billion value to Boomi, a cloud-based provider in the so-called “integration platform as a service”, or iPaaS market. In another tech end-market, Varsity Healthcare Partners is quickly building out a sizable mid-market player in healthcare revenue cycle management, with DuvaSawko/abeo pushing further into emergency medicine with the acquisition of Gottlieb, PE Hub has learned. The acquisition brings the combined company’s EBITDA close to $45 million, a source familiar with the deal said.

SPAC: Jim Momtazee’s SPAC has found itself a business combination in the biopharma world. Montes Archimedes Acquisition Corp., sponsored by Momtazee, the ex-KKR executive and healthcare veteran that recently launched Patient Square Capital, announced this morning it would combine with Roivant Sciences. On the firm side, Patient Square has continued to rapidly build out its team this year, although its first platform investment has yet to be unveiled. Patient Square is telling potential investors...

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That's it for me! Have a great week ahead, hubsters, and as always, hit me up at springle@buyoutsinsider.com with your comments, tips or just to say hello.

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