Morning all, Craig McGlashan here on Tuesday Wire duty. Private equity’s healthcare investments are coming under regulatory scrutiny in the US like never before, so we spoke to Bevin Newman at law firm Sheppard Mullinto find out more about the increasing glare as well as what dealmakers should do to make sure they don’t fall foul of the rules. PE firms are focused on add-ons in these challenging dealmaking times, including in healthcare, where an Aterian Investment Partners portfolio company has made an add-on in the medical device industry. We also have an add-on to report in the automotive replacement parts business, involving a Clearlake Capital portfolio company buying a business from Atlantic Street Capital. Healthy advice US regulators are taking an ever-closer look at private equity’s ownership of healthcare companies, so PE Hub’s John R Fischer spoke to Bevin Newman, a partner in the governmental and antitrust practice groups and a member of the healthcare industry team at law firm Sheppard Mullin,to get the details on where watchdogs are focusing and the background to the increased enforcement. To find out from Newman what dealmakers should be considering right now, read the subscriber version of the Wire. Surgical addition Sticking with healthcare, Aterian Investment Partners portfolio company Vantedge Medical has acquired Hobson & Motzer, a maker of precision medical devices for the global surgical market headquartered in Durham, Connecticut. More details in the full version of the Wire. Spare interest Elsewhere in add-ons, BBB Industries, which is backed by Clearlake Capital, has acquired All Star Auto Parts, an Orlando-based provider of alternative automotive replacement parts. The seller was Atlantic Street Capital. Private equity has put its foot on the gas in the auto parts sector of late. Check out this round-up of five deals in the sector by Michael Schoeck for more. And more deals are expected – Michael recently reported on WeatherTech coming up for sale, according to sources. Right that’s it from me today. Rafael Canton will be in the chair tomorrow. Cheers, Craig Read the full wire commentary on PE Hub ... |