The Wire

Nov. 20, 2020

Apax to make 4x-plus on ECI, Warburg joins Great Hill as investor in Quantum Health, GTCR takes two healthcare companies public, Warburg's Hygiena hits the auction block

Happy Friday!

The “long-hold”: For many prized portfolio businesses, selling private equity investors are choosing to stay on as minority shareholders (or in some cases through 50-50 ownership structures). A recurring theme in this environment, GPs are looking to capture additional upside in businesses they really believe in, and in some cases, it adds a degree of comfort for the buyer due to the large transaction size. 

Today we’ve got two such examples.

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Fresh Powder: Centerbridge Partners unveiled a fourth flagship offering with a $6 billion target just weeks after co-founder Jeff Aronson officially took charge of the formerly jointly run firm, Buyouts reports.