To view recent press releases,click here. Over the past 31 years, Biocoat has developed a diverse base of both blue-chip and emerging medical device customers, a highly experienced team of engineers and scientists, and state-of-the-art manufacturing and R&D facilities. GTCRs most common sectors for investment arehealthcare services (16%) and information technology (12%) . Wells Fargo Company (NYSE: WFC) today announced that it has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR LLC and Reverence Capital Partners, L.P. GTCR 300 N. LaSalle Street, Suite 5600, Chicago, Illinois 60654 United States (312) 382-2200 www.gtcr.com info@gtcr.com Profile M&A Activity (207) Portfolio (131) Team (41) Offices (1) M&A Connections (79) M&A Advisors (41) Analytics GTCR is a private equity firm that typically partners with management when pursuing acquisitions. Illinois Venture Capital Association (IVCA2), Youre viewing 5 of 800 investments and acquisitions. Sean Cunningham, GTCR Managing Director and Co-Head of Healthcare, added: "This investment demonstrates GTCR's continued commitment to The Leaders Strategy, as we find ways to partner with experienced management teams. For press inquiries, contact[emailprotected]. CHICAGO, Nov. 2, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has made a strategic, majority investment in Biocoat Holdings, LLC ("Biocoat" or the. para informarnos de que tienes problemas. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. GTCR will also have access to a wide range of other services Blackstone provides internally and to its portfolio companies that leverage Blackstones scale and expertise, including its ESG, sustainability, human capital management, cybersecurity, and product development capabilities. We do this by using extraordinary people and flexible capital to help companies solve problems. I have been personally gratified to develop rapport with the GTCR team, and we look forward to our long-term partnership., Ward Young, GP Stakes Managing Director added, Our top priority is to partner with the most successful general partners in private equity. . CHICAGO, Nov. 2, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has made a strategic, majority investment in Biocoat Holdings, LLC ("Biocoat" or the "Company"). GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Since Mr. TenBroek joined as a Managing Director in 1997, Wind Point grew from $150 million of . Disculpa Our top priority at GTCR has always been to serve our limited partners by working to generate strong and consistent investment returns through the disciplined application of our investment strategy. Biocoat's custom hydrophilic coatings are lubricious, abrasion resistant, biocompatible and can be applied to a wide range of polymeric and metallic substrates. You will be charged GTCR was formed in 1980 and is based in Chicago, Illinois. Under the original application, each investment was expected to adhere to risk standards on its own merits, limiting the ability of investment managers to make any investments deemed potentially risky. Please enable Cookies and reload the page. We are sorry for the inconvenience. scusiamo se questo pu causarti degli inconvenienti. Sotera Health is an integrated global health solutions provider. 1 Under the terms of the agreement, the purchase price is . On behalf of the Managing Directors of GTCR, Collin Roche and Dean Mihas released a statement: We are thrilled to have this opportunity to work with Blackstone as a passive minority investor in our firm. GTCR has deep expertise in the healthcare and lab testing industries and will leverage its prior investment history and resources to help support the continued growth of the Company alongside the PathGroup team. Customer Service. GTCR has acquired 40 organizations. CONTACT: Kellie Kennedy, [emailprotected], 312-933-4903, Cision Distribution 888-776-0942 The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has signed a definitive agreement with GTCR to sell Lexipol, a provider of policy management, training and wellness software for public safety organizations and local government customers. Since 1980, GTCR has reportedly invested more than $15 billion in over 200 companies. Aydanos a proteger Glassdoor verificando que eres una persona real. GTCR is funded by Blackstone Group. GTCR's investment will support the PathGroup management team as they continue to grow the Company through ongoing investments in the commercial and customer service organizations, organic expansion of the Company's laboratory footprint into Texas and other geographies, and strategic M&A to expand the Company's presence and service offerings. For information on our privacy practices see our Privacy Policy. Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. +1-312-933-4903 The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. Its largest (disclosed) acquisition occurred in 2021 when it acquired Wells Fargo Asset Management for $2.1B. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund . The Firms most common exit type is trade sale (49%). Over the past 15 months, we have made three Financial Services & Technology ("FS&T") platform investments: Optimal Blue, RevSpring and Sage Payment Solutions. Beyond providing capital and financial acumen, with deep sector expertise, GTCR utilizes its depth of resources and passion to drive results to help companies grow into industry leaders. The partnership will provide GTCR's portfolio companies with access to Blackstone . Get the full list, Youre viewing 5 of 216 team members. Since its inception, GTCR has invested more than $20 billion in over 250 companies. You will be notified in advance of any changes in rate or terms. To explore GTCRs full profile, request access. GTCR is based in Chicago with offices in New York and West Palm Beach. CHICAGO, Nov. 10, 2020 /PRNewswire/ -- GTCR today announced the recent closing of its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments.. GTCR Fund . GTCR will also have access to a wide range of other services Blackstone provides internally and to its portfolio companies that leverage Blackstones scale and expertise, including its ESG, sustainability, human capital management, cybersecurity, and product development capabilities. Going forward, the existing Biocoat management team, led by CEO Jim Moran, will continue in their existing roles executing on Biocoat's growth initiatives in partnership with GTCR. The proposed transaction is expected to close in the fourth quarter of this year, subject to the . Walmart+ Giveaway: Free 1-year membership for moms ($98 value), Get 3 skincare trial sizes with Sephora promo code, Ulta Beauty coupon: Get $3.50 off purchases of $15+, JCPenney Coupon - Extra 30% Off Friends and Family Sale, Deal of the Day! an. BofA Securities and Nomura Securities served as financial advisors and Kirkland & Ellis served as legal advisor to PathGroup. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. Switchboard: +1 (212) 583-5000. GTCR has made 42 investments. Get the full list, Morningstar Institutional Equity Research, Co-Chief Executive Officer & Managing Director, Chief Financial Officer & Managing Director, Chief Information Security Officer & Managing Director, Managing Director and Co-Head of Healthcare. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach and a long history of success. Blackstone is an exceptional institution and we expect they will bring resources and perspective that will help us as we continue to serve our limited partners, build our franchise and invest our funds over the long term. Both firms continue to invest primarily through consolidations of specific industries, referred to as roll-ups: GTCR invests through a series of private limited partnerships and its investors include a variety of pension funds (e.g., Washington State Investment Board,[12] Pennsylvania State Employee's Retirement System[13]) endowments and other institutional investors. GTCR has raised a total of $20.5B across 5 funds, their latest being GTCR Strategic Growth Fund. paula.chirhart@blackstone.com, GTCR Contact: "We look forward to investing in the business, further building out its scale and capabilities and becoming an increasingly valuable partner to our growing base of customers.". GTCR 's most notable exits include Vivid Seats , Maravai Life Sciences , and Gogo. GTCR is based in Chicago with offices in New York and West Palm Beach. I have been personally gratified to develop rapport with the GTCR team, and we look forward to our long-term partnership., Ward Young, GP Stakes Managing Director added, Our top priority is to partner with the most successful general partners in private equity. We appreciate the support from Blackstone as we maintain our focus on these key constituents while growing the firms opportunity set., Mustafa M. Siddiqui, Head of Blackstones GP Stakes business said, GTCR has developed one of the most respected investment franchises in the private equity industry. In 1978, the US Labor Department relaxed certain of the ERISA restrictions, under the "prudent man rule," a fiduciary responsibility of investment managers under ERISA. Contact Information Website www.gtcr.com Formerly Known As Golder, Thoma, Cressey, Rauner Year Founded 1980 Investor Status Actively Seeking New Investments Trade Association Illinois Venture Capital Association (IVCA2) Private Equity Council (PEC) This is a profile preview from the PitchBook Platform. CHICAGO, Jan. 26, 2022 /PRNewswire/ -- GTCR, a leading private equity firm founded in 1980, today announced the recent closing of its first Strategic Growth Fund with $2 .0 billion of limited. This information is available in the PitchBook Platform. medium-sized businesses in the United States and Canada. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach and a long history of success. About. Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. GTCRs largest (disclosed) exit occurred in 2020 when it sold Optimal Blue for $1.8B. The Firms most common investment types include secondary buyout (24%) and stake purchase (21%). las molestias. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Further information is available at www.blackstone.com. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The Chicago-based firm is targeting $9.5 billion for GTCR Fund XIV, which will take control positions in companies across the healthcare, business services, financial services and technology industries, according to documents prepared for Maine Public Employees Retirement System. As part of GTCRs Leaders StrategyTM, we seek to identify and partner with talented, accomplished executives with whom we work collaboratively to build and grow our portfolio companies. The state pension system, which has backed four previous GTCR main buyout funds and two co-investments alongside the firm, is weighing a $50 million commitment to the newest fund, according to the documents. Our top priority at GTCR has always been to serve our limited partners by working to generate strong and consistent investment returns through the disciplined application of our investment strategy. Wir entschuldigen uns fr die Umstnde. One Lab; Total Service. Follow us onLinkedIn. We are delighted that you'd like to resume your subscription. In particular, we believe that this investment partnership will further enhance our ability to serve the interests of our limited partners, our management partners and our investment team and staff. As part of GTCRs Leaders StrategyTM, we seek to identify and partner with talented, accomplished executives with whom we work collaboratively to build and grow our portfolio companies. When typing in this field, a list of search results will appear and be automatically updated as you type. 300 N. LaSalle Street, Suite 5600, For office-specific contact information, please visitour offices page. For more information, visit pathgroup.com. The terms of the transaction were not disclosed. CHICAGO, Nov. 2, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has made a strategic, majority investment in Biocoat Holdings, LLC ("Biocoat" or the "Company . GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Vivid Seats operates as an online ticket marketplace that connects fans with event ticket sellers. Nous sommes dsols pour la gne occasionne. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/gtcr-announces-investment-in-biocoat-301665671.html, Registration on or use of this site constitutes acceptance of our. message, please email "Biocoat has an excellent track record of developing high-quality biocompatible medical coatings formulations using innovative technologies, and we look forward to investing additional capital to support both organic initiatives and strategic follow-on acquisitions in the medical coatings and broader biomaterials sector," said GTCR Managing Director Luke Marker. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. Evercore served as financial advisor to GTCR. Our $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Chicago-based private equity firm GTCR is considering a sale of TerSera Therapeutics LLC that could value the specialty pharmaceutical company at more than $1 billion, according to people familiar . Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Wenn This was a Private Equity round raised on Jul 27, 2021. Otherwise, we will assume you're OK to continue. "Biocoat has an excellent track record of developing high-quality biocompatible medical coatings formulations using innovative technologies, and we look forward to investing additional capital to support both organic initiatives and strategic follow-on acquisitions in the medical coatings and broader biomaterials sector," said GTCR Managing Director Luke Marker. Since its inception, GTCR has invested more than $20 billion in over 250 companies. Blackstone is an exceptional institution and we expect they will bring resources and perspective that will help us as we continue to serve our limited partners, build our franchise and invest our funds over the long term. GTCR is based in Chicago with offices in. Mr. Hance also spent more than 20 years in senior leadership roles at Abbott Laboratories, culminating with his role as President of Abbott's Vascular division, building it into a global leader in interventional cardiology with more than $3 billion in revenues. GTCR has raised 1 round. In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. Se continui a visualizzare This platform enables the Company to work with its customers across a wide range of interventional products and medical device segments, including neurovascular, ophthalmology, cardiovascular and other interventional specialties. Park Place Technologies is an IT company that provided organizations around the globe with post-warranty maintenance and support solutions. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail GTCR Fund XII, the firm's largest fund to date, with $5.25 billion of limited partner equity capital commitments. Please help us protect Glassdoor by verifying that you're a Follow us on LinkedIn. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. For more information, please visit www.gtcr.com. Lamentamos pelo inconveniente. enva un correo electrnico a GTCR LLC is setting a higher goal for its latest flagship buyout fund despite a challenging fundraising environment. Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. Before that Jim played a leadership role in the growth and evolution of Wind Point Partners, a Chicago-based middle market private equity firm, over 19 years and five private equity funds. Private Equity Round - Senske Lawn & Tree Care, Private Equity Round - Visionary Broadband, Private Equity Round - PPC Flexible Packaging, Private Equity Round - Global Claims Services, Private Equity Round - Jet Support Services, Private Equity Round - Antylia Scientific, Diversity Spotlight (US Headquarters Only), Private Equity Round - Vector Laboratories, Wells Fargo Asset Management acquired by GTCR, Total number of diversity investments made by an investor. Which industries has this organization had the most exits in? Sean Cunningham, GTCR Managing Director and Co-Head of Healthcare, added: "This investment demonstrates GTCR's continued commitment to The Leaders Strategy, as we find ways to partner with experienced management teams. Si continas viendo este mensaje, Paula Chirhart GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. Evercore served as financial advisor to GTCR. www.gtcr.com PathGroup uses the latest in proprietary and industry standard technology to deliver fast, accurate results. We are pleased to support GTCRs ongoing success.. GTCR has a longstanding relationship with Mr. Hance, having originally partnered with him to form Regatta Medical in 2017 as a Leaders Strategy partnership to pursue opportunities in the medical device industry and acquired Resonetics, a leading medical device contract manufacturer, in February 2018. Founded in 1991 and headquartered in Horsham, Pennsylvania, Biocoat is a leading medical device contract manufacturing organization ("CMO"), specializing in custom, biocompatible hydrophilic coatings for interventional medical devices. [2] As of 2021, the firm has more than 80 employees, including over 40 investment professionals. Existing Biocoat management and 1315 Capital, the selling equity sponsor, will retain minority stakes in the Company. verdade. Chicago, We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Follow us on LinkedIn. The fund supports GTCR's Leaders Strategy investment approach for smaller opportunities than those pursued by its most recent flagship fund, GTCR Fund XIII, which closed in 2020 with $7.5 . from 8 AM - 9 PM ET. In the last 3 years, GTCR has exited 9 companies. Our $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. Get the full list, Riverchase Dermatology and Cosmetic Surgery, Youre viewing 5 of 255 exits. Contact:Kellie Kennedy312-933-4903kelliek@theharbingergroup.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/gtcr-announces-investment-in-biocoat-301665671.html, Plus500. To receive email alerts from Blackstone, sign up below. Aydanos a proteger Glassdoor y demustranos que eres una persona real. Piper Sandler served as exclusive financial advisor to Biocoat. How many investments has this organization made over time? CHICAGO & NEW YORK--(BUSINESS WIRE)--GTCR LLC and Blackstone (NYSE:BX) today jointly announced a new partnership in which funds managed by Blackstones GP Stakes business will acquire a minority ownership interest in GTCR. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. About GTCRFounded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Growth Business Services, Healthcare, and Technology, Media & Telecommunications industries. Since its inception, GTCR has invested more than $20 billion in over 250 companies. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. message, contactez-nous l'adresse Follow GTCR on LinkedIn. Learn more at www.biocoat.com. We've known Dave King and Ben Davis for a long time and are excited to partner with them and support the Company in its next chapter of growth.". Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Business & Consumer Services, Financial Services & Technology, Healthcare, and Technology, and Media & Telecommunications industries. For office-specific contact information, please visit our our offices page. Latham & Watkins provided legal counsel to GTCR. GTCR is a prolific health care investor, with at least 11 current health care portfolio companies and almost 50 past investments. We are especially impressed with GTCRs strategy of investing in transformative growth behind talented executives. Blackstone Contact:Paula Chirhart+1-347-463-5453[emailprotected], GTCR Contact:Kellie Kennedy, Harbinger Group+1-312-933-4903[emailprotected]. "We look forward to investing in the business, further building out its scale and capabilities and becoming an increasingly valuable partner to our growing base of customers.". For press inquiries, contact [emailprotected]. By selecting the relevant option, you certify that it accurately reflects your residency. Since its inception, GTCR has invested more than $20 billion in over 250 companies. About GTCR Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Healthcare, Financial Services & Technology, Technology, Media . About GTCR Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Healthcare, Financial Services & Technology, Technology, Media & Telecommunications, and Growth Business Services industries. GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. This sale includes Wells Fargo Bank N.A.'s business of acting as trustee to its collective investment trusts and all related WFAM legal entities. Si vous continuez voir ce Under the revised 1978 interpretation, the concept of portfolio diversification of risk, measuring risk at the aggregate portfolio level rather than the investment level to satisfy fiduciary standards would also be accepted.
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