Patient Square Capital to measure outcomes; Kinterra Capital banks on copper

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Patient Square Capital to measure outcomes; Kinterra Capital banks on copper

Good morning, Hubsters. MK Flynn here with today’s Wire.

With dealmaking slower than usual this year, PE firms have sped up their value creation activities. Many firms have turned inward and launched new initiatives designed to bolster their existing portfolio companies. Those efforts will also likely affect future dealmaking.

To that end, earlier this morning Patient Square Capital unveiled a new institute designed to measure the impact of the PE firm’s healthcare investments on patients.

We’ve also got look at how rising demand for copper in the age of electric vehicles and energy transition drove a recent deal from Kinterra Capital.

Before we get to those stories, let’s take a quick look at some deals announced over the last couple of days.

In the wake of Silicon Valley Bank’s demise, regional banks have been getting a lot of attention this year. Earlier this week, Warburg Pincus and Centerbridge Partners said they are investing $400 million in the merger of regional banks Banc of California and PacWest, as Iris Dorbian reports.

NewSpring Holdings has acquired Bridge Core, a McLean, Virginia-based provider of visual intelligence, cybersecurity, and other technical solutions to the U.S. government intelligence community.

Everstone Capital and Recognize have made a significant investment in India-based MediaMint, a digital advertising operations service provider.

Subscribers to PE Hub and the Wire will find many more details on these deals.

Now, onto PE Hub’s Deep Dives.

Improving outcomes

There’s a lot of talk at healthcare companies about improving outcomes for patients. Later this morning, Patient Square Capital announced earlier this morning an initiative to study and measure the impact of the private equity firm’s investments on patient outcomes and care across its portfolio companies.

Find out more, including an interview with Jim Momtazee and Kelvin Baggett, by subscribing to PE Hub.

Energy transition

Demand for critical minerals, such as copper, is set to rise with the acceleration of energy transition and the proliferation of electric vehicles, Cheryl Brandon and Kamal Toor, co-managing partners and co-founders of Kinterra Capital, told PE Hub’s Obey Martin Manayiti. Subscribers may read the story.

Reach out

Earlier in the year, we changed our company name from PEI Media to PEI Group to reflect our growing business in data, conferences, memberships and more. As our revamped website says, “PEI Group is a subscriber-focused business intelligence company.”

Over the last few weeks, we’ve been updating our email addresses to reflect the change. We’ll keep you posted as team members’ email addresses move over to the new domain.

Please reach out to me at my new email address: mk.flynn@pei.group. I’d love to hear from you.

And while we’re talking about us, I’ll mention that we’ve got an opening for a Senior Reporter to join our growing team at PE Hub. If you know a journalist with experience covering private equity who’s based in New York, send ‘em my way.

Tomorrow, Rafael will fill in for Obey, who has the day off. And I’ll be back on Monday.

Happy dealmaking,

MK

Read the full wire commentary on PE Hub ...

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