View this email online The Wire June 10, 2021 Great Hill invests into the evolution of remote training, Fruition Partners invests in Track Family Fun Parks Happy Thursday! Great Hill Partners invested $55 million in eloomi, a cloud-based, HR software company, which offers a corporate learning and performance management platform. The company experienced positive tailwinds in the pandemic lockdown, Milana Vinn writes today. Also, LifeStance is going public at a market value of $6.7 billion, according to Bloomberg, raising $720 million after pricing its shares above the anticipated range. This a little over a year after TPG agreed to buy the company at a $1.2 billion value, as PE Hub reported. That’s it for me! Have a great rest of your day. Reach me with tips n’ gossip, feedback or book recommendations at [email protected] or find me on LinkedIn. Read the full commentary here on PE Hub ... Also of note (may require subscriptions) Continuation: GPs are evolving the structure of continuation fund deals to provide custom solutions for their portfolios. Such innovations are changing the way GPs approach asset ownership, and the creativity is expected to blossom as more capital flows into secondaries. Read it here on Buyouts. Nutritious: New Harbor Capital made a majority investment in California-based FoodPharma, which makes nutritional food. The investment marks New Harbor’s first investment in its Healthy Living & Wellness focus. Read it here. Food tech: Centrum Cibus Partners, focused on food and beverage brands, was launched by CEO Mark Goodman, Chairman Warren Olsen, Bobbi Babitz Armstrong, Russ Matthews and Brett Story. The firm initially will focus on businesses with enterprise values between $100 million and $1 billion. Read it here. PE Deals They said it “This is the strongest level of dealflow we have ever experienced, and the vast majority is in high-quality, single-asset continuation funds." Christophe Browne, managing director with Intermediate Capital Group’s strategic equity team, tell Buyouts about GP-led deals. Today's letter was prepared by Chris Witkowsky Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. FIND OUT MORE Please visit Buyouts for the latest insight into LP activity and Venture Capital Journal for comprehensive coverage and analysis of what’s happening in VC. London | New York | Hong Kong PEI Media Group Ltd is registered in England no.6135779 Registered office: 7th Floor, 100 Wood Street, EC2V 7AN To update your PE Hub email preferences, or to unsubscribe, click here. |