SVB Leerink brings home care platform to market, BDT builds healthcare platform

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The Wire

July 2, 2021

SVB Leerink launches one of first healthcare processes under newly expanded team; EQT, Goldman reportedly near deal for Parexel

Happy Friday!

Here we are, heading into a rainy 4th of July weekend in New York. Your daily rundown on private equity news will resume to regular scheduling on Tuesday, July 5th. But first... we've got some big developments!

WSJ reported last night that EQT and Goldman Sachs Group’s investment arm are approaching a nearly $9 billion deal, including debt, to acquire Pamplona Capital’s Parexel. PE Hub wrote in April that Pamplona was looking to exit the contract research organization, working with Evercore on a process. If EQT ultimately does win the deal, it would mark the continuation of a string of notable healthcare activity, including the EQT's June sale of Aldevron, a leading manufacturer of DNA for use in gene therapy, in a deal valued at $9.6 billion.

Back in the game: One of SVB Leerink’s first sell-side engagements to launch has arrived, following a series of hires that were made to build out its healthcare investment banking practice – with seasoned bankers coming out of Guggenheim, Citigroup, BofA Merrill Lynch, RBC, HSBC and other firms. New York metropolitan home care companies All American Homecare Agency and S&A Unified Home Care have jointly come to market, according to people familiar with the process. The process started in the last few days, they said.

Finally, Byron Trott’s BDT Capital Partners appears to be ramping up its healthcare efforts, hiring seasoned industry investor David Ellison from Altaris Capital Partners.

Read the full wire commentary on PE Hub...

That’s it for me! Have a safe and relaxing holiday weekend, but in the meantime, don’t hesitate to hit me up with and tips, beach reads, feedback or anything else! Write to me at springle@buyoutsinsider.com.

DEADLINE APPROACHING: Calling all next-gen firms and their investors! We need your participation in our fifth-annual survey of emerging managers and survey of emerging manager investors. As thanks, we'll make sure you get a complimentary copy of the "Emerging Manager Report 2021," based on these surveys (once it's published this fall). All responses are kept confidential. The survey deadline is July 16.

Also of note (may require subscriptions)

Guilty: Mounir Gad, a former vice president in leveraged finance at Silicon Valley Bank, will plead guilty to allegedly tipping off an accomplice with confidential, non-public information about three pending private equity acquisitions, according to the US Department of Justice. The alleged accomplice, Nathan Guido, traded on the confidential information, and then allegedly shared profits with Gad, according to the DOJ. Read it here on Buyouts.

Inclusion: As June’s Pride Month draws to a close, Private Equity International looks at the work being done by the private equity industry to recruit, retain and support lesbian, gay, bisexual and transgender professionals. The data gap at PE firms, which have been making an active effort to become more inclusive, is still evident today in HR policies and workspaces. Private Equity International speaks to Blackstone, KKR, Partners Group and Out Investors on the issue. Read it here.