| View this email online The Wire May 25, 2021 HIG set to buy CORA Health Services, Bain's US LBM snaps up American Construction Source Happy Tuesday, everyone! As the physical therapy market continues to rebound amid the reopening of the country, HIG Capital has decided to acquire CORA Health Services from Gryphon Investors, multiple sources told PE Hub. The HIG deal, which was signed a couple weeks ago, values CORA at more than $500 million and was funded through the HIG Advantage fund. Read Sarah's story on PE Hub – confirmed by the parties shortly after in a Tuesday announcement. Bain's US LBM grows: Angeles Equity Partners and Clearlake Capital Group-backed American Construction Source, a lumber and building materials (LBM) distribution platform, is being acquired by Bain Capital's US LBM. ACS, formed by the PE duo in 2018, serves custom home builders, repair and remodel contractors, and do-it-yourself homeowners. The company was created by merging three leading regional LBM distributors and later went on to.... Read the full wire commentary on PE Hub... That’s it! Have a great week ahead, and in the meantime, hit me up with any thoughts, feedback, or tips at [email protected] Also of note (may require subscriptions) Debut fund news: AEA Investors, which recently hired two experienced growth investors to lead a new strategy at the firm, is set to raise its debut fund for growth-tech investments, sources told Buyouts. End to cold calling: Merrill Lynch is overhauling its advisor training program with an eye on improving career success rates. It's doing away with cold calling and encouraging trainees, who will mostly be sourced from employees at Bank of America branches, to use LinkedIn instead. Read more on Barrons. Silent power of Malaysian LPs: When considering Asian LPs, Singapore’s Temasek and GIC are usually top of mind. Though the pair are among the region’s most active public institutions when it comes to private equity, their counterparts in neighbouring Malaysia could also become a major force in the asset class. Read the story on PEI. PE Deals They said it “We wouldn’t raise an old-world oil and gas fund – and frankly, investors have shown they wouldn’t either.” Paula Langton, partner at Campbell Lutyens told New Private Markets in a quick-fire interview on the state of sustainability and fundraising. Today's letter was prepared by Karishma Vanjani 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. | 