KKR to take Chase Corp private for $1.3bn; TT Capital Partners fights loneliness

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KKR to take Chase Corp private for $1.3bn; TT Capital Partners fights loneliness

Good morning dealmakers, thank goodness it’s Friday!

It’s Obey Martin Manayiti here with the Wire.

Earlier this morning, KKR announced a big deal – an unusual occurrence for a summer Friday!

KKR will be taking Chase Corporation private for $1.3 billion.

I’ll also take a look at TT Capital Partners’ majority investment in Pyx Health, a provider of technology that aims to help people who are lonely.

And today we are capping off the week with a look at private equity-backed deals in medical devices, a hotbed of activity this year.

Critical applications

KKR has agreed to acquire Chase Corporation (NYSE American: CCF), a global manufacturer of protective materials for high-reliability applications across diverse market sectors.

Upgrade to the premium version of the Wire for more details on the deal and KKR’s strategy.

Fighting the loneliness epidemic

TT Capital Partners yesterday announced a majority investment in Pyx Health, a Tucson, Arizona-based provider of technology that reduces loneliness and social isolation.

Medical devices

The US medical devices market size stood at $184.61 billion in 2022 and is projected to grow up to $192.78 billion this year, and to $291.04 billion by 2030, powered by a CAGR of 6.1 percent, according to Fortune Business Insights.

PE investors have been busy in this sector, buying and selling businesses that manufacture equipment for respiratory diseases, skin grafts, operations and procedures.

Subscribers to PE Hub may read about seven deals announced this year.

That’s it for me today.

MK Flynn will be back with the Wire on Monday.

Have a nice weekend.

Cheers,

Obey

Read the full wire commentary on PE Hub ...

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