Buyout Firm GTCR Weighs Sale of Drug Company TerSera When typing in this field, a list of search results will appear and be automatically updated as you type. Si vous continuez voir ce The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. GTCR Announces Strategic Investment from Blackstone GP Stakes kelliek@theharbingergroup.com, Internet Explorer presents a security risk. per informarci del problema. Get the full list, Morningstar Institutional Equity Research, Co-Chief Executive Officer & Managing Director, Chief Financial Officer & Managing Director, Chief Information Security Officer & Managing Director, Managing Director and Co-Head of Healthcare. GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de We are pleased to support GTCRs ongoing success.. GTCR has raised a total of $20.5B across 5 funds, their latest being GTCR Strategic Growth Fund. Please enable Cookies and reload the page. "Jim Moran and the Biocoat team have built an exciting platform company," said Chip Hance. $ + tax Its largest (disclosed) acquisition occurred in 2021 when it acquired Wells Fargo Asset Management for $2.1B. CHICAGO and NASHVILLE, Tenn., May 13, 2022 /PRNewswire/ --. Allspring Global Investments Commences Operations As an Independent ", "Dr. Davis and the PathGroup team have done an incredible job of building PathGroup intoa unique, scaled lab services business with outstanding clinical services," said Sean Cunningham, Managing Director and Co-Head of Healthcare at GTCR. You will be charged Learn more at www.biocoat.com. medium-sized businesses in the United States and Canada. "We look forward to investing in the business, further building out its scale and capabilities and becoming an increasingly valuable partner to our growing base of customers.". Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. Private Equity Health Care Acquisitions - March 2021 On behalf of the Managing Directors of GTCR, Collin Roche and Dean Mihas released a statement: We are thrilled to have this opportunity to work with Blackstone as a passive minority investor in our firm. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. Caso continue recebendo esta mensagem, GTCR Appoints Don McDonough to Lead Business Development for its Which industries has this organization had the most exits in? Jim TenBroek is a co-founder and Managing Partner of GCP. GTCR Announces Recapitalization of PathGroup Dr. Davis said "We are thrilled to announce this recapitalization with GTCR as our new majority shareholder and partner. We are sorry for the inconvenience. Founded in 1991 and headquartered in Horsham, Pennsylvania, Biocoat is a leading medical device contract manufacturing organization ("CMO"), specializing in custom, biocompatible hydrophilic coatings for interventional medical devices. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. To view recent press releases, click here. This was a Private Equity round raised on Jul 27, 2021. GTCR Chicago Private Equity Firm Which industries has this organization most actively invested in? Join Mergr to view GTCRs full profile and discover more GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. GTCR Chicago Private Equity Firm Our Team The Leaders Strategy Investments News Contact LP Login Search Watch Now A Leader in Private Equity for over 40 Years. Lamentamos pelo inconveniente. "Jim Moran and the Biocoat team have built an exciting platform company," said Chip Hance. The Chicago-based firm pioneered The Leaders Strategy finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. As part of GTCR's Leaders Strategy, Dave King, the former Chairman and CEO of Labcorp, will join the PathGroup Board as Chairman, partnering with Dr. Davis and GTCR to further invest in PathGroup's capabilities across the pathology, molecular, and genetic diagnostics modalities. Existing Biocoat management and 1315 Capital, the selling equity sponsor, will retain minority stakes in the Company. To receive email alerts from Blackstone, sign up below. Illinois I have been personally gratified to develop rapport with the GTCR team, and we look forward to our long-term partnership., Ward Young, GP Stakes Managing Director added, Our top priority is to partner with the most successful general partners in private equity. GTCR, a leading private equity firm, announced today that it has made a majority investment in PathGroup Holdings LLC ("PathGroup" or the "Company") in partnership with founder and CEO Ben Davis, MD and the PathGroup management team, who have made a substantial reinvestment in the Company. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach and a long history of success. envie um e-mail para 2023 PitchBook. mega-sized private equity firm investors just like it. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. GTCR's investment will support the PathGroup management team as they continue to grow the Company through ongoing investments in the commercial and customer service organizations, organic expansion of the Company's laboratory footprint into Texas and other geographies, and strategic M&A to expand the Company's presence and service offerings. Based in Nashville, Tennessee, PathGroup is one of the largest independent laboratories in the United States. We are especially impressed with GTCRs strategy of investing in transformative growth behind talented executives. As part of GTCRs Leaders StrategyTM, we seek to identify and partner with talented, accomplished executives with whom we work collaboratively to build and grow our portfolio companies. Jim Tenbroek Growth Catalyst Partners Switchboard: +1 (212) 583-5000. los inconvenientes que esto te pueda causar. The Firms most common exit type is trade sale (49%). Further information is available at www.blackstone.com. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie GTCR is funded by Blackstone Group. In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. 60654 CHICAGO, Nov. 2, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has made a strategic, majority investment in Biocoat Holdings, LLC ("Biocoat" or the "Company"). 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/gtcr-announces-investment-in-biocoat-301665671.html, Registration on or use of this site constitutes acceptance of our. Follow GTCR on LinkedIn. an. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital. We are pleased to support GTCRs ongoing success.. Sean Cunningham, GTCR Managing Director and Co-Head of Healthcare, added: "This investment demonstrates GTCR's continued commitment to The Leaders Strategy, as we find ways to partner with experienced management teams. GTCR will also have access to a wide range of other services Blackstone provides internally and to its portfolio companies that leverage Blackstones scale and expertise, including its ESG, sustainability, human capital management, cybersecurity, and product development capabilities. Equity firm GTCR, formerly headed by Rauner, says it never owned Evercore served as financial advisor to GTCR. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. About GTCR Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Healthcare, Financial Services & Technology, Technology, Media . How many investments has this organization made over time? Otherwise, we will assume you're OK to continue. Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. Follow GTCR on www.linkedin.com/company/gtcr-llc/. . M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. Since 1980, GTCR has reportedly invested more than $15 billion in over 200 companies. GTCR is a private equity firm that typically partners with management when pursuing acquisitions. Wells Fargo Newsroom - Wells Fargo Enters Agreement with GTCR and Our top priority at GTCR has always been to serve our limited partners by working to generate strong and consistent investment returns through the disciplined application of our investment strategy. Since 2018, equity firm GTCR has been included on a list of defendants on a long and growing list of personal injury lawsuits related to alleged toxic emissions from the Sterigenics facility in west suburban Willowbrook. Ci GTCR LLC is a Chicago, Illinois -based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. [3] In the 1970s, Golder built the private equity program at First Chicago Corp.[4] where he is noted primarily for backing Federal Express and for efforts as chairman of the National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity. Switchboard:+1 (212) 583-5000. For more information, visit pathgroup.com. enva un correo electrnico a Sotera Health is an integrated global health solutions provider. CHICAGO and NASHVILLE, Tenn., May 13, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has made a majority investment in PathGroup Holdings LLC ("PathGroup" or. to let us know you're having trouble. PDF Platforms Add-ons 14b+ GTCR LLC | 12,402 followers on LinkedIn. Working at GTCR | Glassdoor About GTCR Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Healthcare, Financial Services & Technology, Technology, Media & Telecommunications, and Growth Business Services industries. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. las molestias. The Chicago-based firm pioneered - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, GTCR Becomes Signatory to United Nations-Supported Principles for Responsible Investment. Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Business & Consumer Services, Financial Services & Technology, Healthcare, and Technology, and Media & Telecommunications industries. By submitting this request, you consent to receive email from Blackstone. Contact:Kellie Kennedy312-933-4903[emailprotected], Cision Distribution 888-776-0942 Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Growth Business Services, Healthcare, and Technology, Media & Telecommunications industries. Chicago, Se continui a visualizzare Maravai is a life sciences company providing critical products to enable the development of drug therapies, diagnostics, novel vaccines. We appreciate the support from Blackstone as we maintain our focus on these key constituents while growing the firms opportunity set., Mustafa M. Siddiqui, Head of Blackstones GP Stakes business said, GTCR has developed one of the most respected investment franchises in the private equity industry. AssuredPartners is an insurance brokerage firm. Cloud-based e-commerce merchandising, demand generation and order fulfillment platform for retailers and brands. Ironshore Insurance provides broker-sourced specialty property and casualty insurance coverages for varying risks. Privately held and physician-centric, PathGroup works seamlessly with customers to provide superior diagnostic services a vital link in the cycle of patient relationships. Contact:Kellie Kennedy312-933-4903kelliek@theharbingergroup.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/gtcr-announces-investment-in-biocoat-301665671.html, Plus500. Over the past 31 years, Biocoat has developed a diverse base of both blue-chip and emerging medical device customers, a highly experienced team of engineers and scientists, and state-of-the-art manufacturing and R&D facilities. For more information, please visit www.gtcr.com. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital. We look forward to supporting Chip, Jim, and the Biocoat team as the Company continues its aggressive pursuit of follow-on acquisitions in the next chapter of its growth.". GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. All rights reserved. Paula Chirhart Private Equity Round - Senske Lawn & Tree Care, Private Equity Round - Visionary Broadband, Private Equity Round - PPC Flexible Packaging, Private Equity Round - Global Claims Services, Private Equity Round - Jet Support Services, Private Equity Round - Antylia Scientific, Diversity Spotlight (US Headquarters Only), Private Equity Round - Vector Laboratories, Wells Fargo Asset Management acquired by GTCR, Total number of diversity investments made by an investor. Latham & Watkins provided legal counsel to GTCR. The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. GTCR LLC | LinkedIn Type: Company - Private. It has also invested in 2 others. GTCR Fund XII, the firm's largest fund to date, with $5.25 billion of limited partner equity capital commitments. GTCR has a longstanding relationship with Mr. Hance, having originally partnered with him to form Regatta Medical in 2017 as a Leaders Strategy partnership to pursue opportunities in the medical device industry and acquired Resonetics, a leading medical device contract manufacturer, in February 2018. Chicago-based private equity firm GTCR is considering a sale of TerSera Therapeutics LLC that could value the specialty pharmaceutical company at more than $1 billion, according to people familiar . Prior to partnering with GTCR, Mr. Hance served as Chief Executive Officer of Creganna Medical, a leading supplier of contract manufacturing services for medical devices, where he significantly grew the business via acquisitions and organic growth before completing a successful sale of the company in 2016 to TE Connectivity. Nous sommes dsols pour la gne occasionne. Wenn I have known the GTCR team for nearly a decade and we share a common vision and commitment to building PathGroup into a larger, more diversified business that can better serve our providers and their patients. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Si continas recibiendo este mensaje, infrmanos del problema from 8 AM - 9 PM ET. The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has signed a definitive agreement with GTCR to sell Lexipol, a provider of policy management, training and wellness software for public safety organizations and local government customers. Create Comparison. GTCR is based in Chicago with offices in New York and West Palm Beach. Blackstones GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset management firms. GTCR is a prolific health care investor, with at least 11 current health care portfolio companies and almost 50 past investments. GTCR Announces Recapitalization of PathGroup We do this by using extraordinary people and flexible capital to help companies solve problems. [2] As of 2021, the firm has more than 80 employees, including over 40 investment professionals. Finally, we have a talented group of investment professionals and staff, and we are dedicated to providing our team with the most opportunity for professional growth and impact, while working in a collaborative and inclusive environment. GTCRs largest (disclosed) exit occurred in 2020 when it sold Optimal Blue for $1.8B. We are especially impressed with GTCRs strategy of investing in transformative growth behind talented executives. Mr. Hance also spent more than 20 years in senior leadership roles at Abbott Laboratories, culminating with his role as President of Abbott's Vascular division, building it into a global leader in interventional cardiology with more than $3 billion in revenues. Prior to partnering with GTCR, Mr. Hance served as Chief Executive Officer of Creganna Medical, a leading supplier of contract manufacturing services for medical devices, where he significantly grew the business via acquisitions and organic growth before completing a successful sale of the company in 2016 to TE Connectivity. 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GTCR has deep expertise in the healthcare and lab testing industries and will leverage its prior investment history and resources to help support the continued growth of the Company alongside the PathGroup team. PathGroup supports more than 4,000 physician practices and more than 200 hospital customers with diversified lab testing services, high-touch customer service and fast turnaround times. message, contactez-nous l'adresse This fund was announced on Jan 26, 2022 and raised a total of $2B. About PathGroupFounded in 1965, PathGroup is a premier provider of anatomic, clinical, molecular, and digital pathology services in the United States. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. You may cancel your subscription at anytime by calling RevSpring is a provider of revenue cycle technology services offering data analytics, multi-channel customer communications. "Biocoat has an excellent track record of developing high-quality biocompatible medical coatings formulations using innovative technologies, and we look forward to investing additional capital to support both organic initiatives and strategic follow-on acquisitions in the medical coatings and broader biomaterials sector," said GTCR Managing Director Luke Marker. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. For press inquiries, contact[emailprotected]. For information on our privacy practices see our Privacy Policy.