| Covid beneficiary Velocity Clinical Research explores sale, L Catterton invests in Berkinstock, First-timer Twist joins SPAC game
Happy Friday, everybody!
While the pandemic environment in many instances meant that fewer patients were going into physical clinical trial sites in 2020, the opposite was true for certain players playing a critical role in coronavirus-related vaccine and treatment studies. One such company, NaviMed Capital-backed Velocity Clinical Research, has experienced booming business because of its coronavirus-related work – and is now up for sale, according to five people with knowledge of the process. Check out my full report here.
In other news, Chris Witkowsky over at Buyouts has some SPAC news involving another first-time manager called Twist Capital, formed by an ex-Guggenheim and Blackstone executive. Elsewhere, Berkinstock, the iconic sandal maker long run by its founder family, is selling a majority stake to L Catterton and Financière Agache, the family investment company...
Read the full wire commentary on PE Hub...
That’s it for today! Have a great weekend, and in meantime, hit me up with feedback or tips n’ gossip at [email protected].
Also of note (may require subscriptions) Winners and losers: Caisse de dépôt et placement du Québec earned a net return of 20.7 percent on its PE investments in 2020, substantially outperforming its benchmark, while another Canadian pension sees a covid hit, Buyouts writes. Read it here.
Adapting: Growing competition in the GP-led secondaries market is causing more buyers to consider using leverage, according to a report by Investec. Read more on Secondaries Investor.
New venture: AT&T is unloading a stake in its struggling pay-TV unit to TPG, pulling the telecom giant back from a costly wager on entertainment, writes the Wall Street Journal. Check it out.
PE Deals 
They said it “In many cases, the pandemic world has created an enormous need for rapid, nimble and sophisticated funding to enable the survival and prosperity of these companies." S-1 filing for Twist Investment Corp., a new SPAC formed by an ex-Guggenheim and Blackstone executive
Today's letter was prepared by Sarah Pringle Subscribe now to get full, unlimited access to all PE Hub content, including every PE Hub Wire article. 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. 
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