Happy Fri-yay, Hubsters! It is Aaron here on the wire today to finish off the week. Healthcare exits: It’s a struggle in the exits arena. Healthcare IPOs in the PE and VC space were down in the first half of 2022, with M&A activity dropping significantly. Silicon Valley Bank’s Jon Norris predicts it will stay this way until a few things change. “Until valuations hit rock bottom, investors regain their appetite to acquire again and exits pick back up,” Norris said in a recent report. In the meantime, doesn’t it feel like activity is slow right now? Please don’t hesitate to hit me up at [email protected] and let me know what you are seeing and hearing out there, whether its healthcare specific or overall market patterns. I am all ears and would love to get more market chatter in the wire. Speaking of exits, Carlyle appears to have agreed to a big one with Amazon. The ecommerece behemoth agreed to buy One Medical for a price tag of $3.9 billion, according to the Financial Times. Amazon isn’t the only one that is trying to either get in or expand its footprint in healthcare. If you know of a healthcare acquisition or exit, you can always drop me a line fill me in on it. Exclusives are preferred, of course. Slowdown: Buyouts’ Kirk Falconer covered Blackstone’s Q2 earnings call, as the PE giant reaffirmed its’ $150 billion fundraising goal despite "more challenging environment." “It is getting harder out there,” president and COO Jonathan Gray said in the firm’s second-quarter 2022 earnings call in reply to a question about fundraising trends. “It’s particularly tough in North American private equity with institutions.” This is not the first time we have heard about fundraising challenges and that is having a trickle down effect into dealmaking. If you have thoughts on this issue, please feel free to reach out to us to discuss it. Read the whole story here. Environmental consulting: PE Hub’s Obey Martin Manayiti recently wrote about Enercon, an engineering and environmental services firm backed by AE Industrial Partners and its acquisition of Ardent Environmental Group, a provider of environmental site assessments, remediation, monitoring and other services. Obey talked with Bryan McElwee, a principal at the Boca Raton, Florida, PE firm. Read the whole story here. That is a wrap for today/this week. I hope everyone stays hydrated and cool out there, it is going to be a hot one this weekend. MK is up next on Monday and has some very exciting news to share with you. Stay tuned… Cheers, Aaron Read the full wire commentary on PE Hub ... |