Which industries has this organization most actively invested in? In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund . 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. 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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Se continui a visualizzare The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. About. Claim as much as 50% Off - Best Buy Coupon, Epsteins Private Calendar Reveals Prominent Names, First Republic Bank Is Seized and Bulk Sold to JPMorgan, Fed Set to Raise Rates to 16-Year High and Debate a Pause, Opinion: Randi Weingartens Incredible Covid Memory Loss, Opinion: The Fed Failed but Wants More Power, Opinion: Politico Aims at Gorsuch and Misses, JPMorgan Buys First Republic Bank in Second-Largest U.S. Bank Failure, WSJ Opinion: The Teachers Union Says: 'Don't Blame Us', Why the Fed Raises Interest Rates to Deal With Inflation, WSJ Opinion: Feeling Lucky, Democrats Back Non-Compos Presidential Politics, FBI Raises Reward for Texas Shooting Suspect: We Have Zero Leads. CHICAGO and NASHVILLE, Tenn., May 13, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has made a majority investment in PathGroup Holdings LLC ("PathGroup" or. 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. Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. 60654 The Chicago-based firm pioneered - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions. Ci The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. GTCR Announces Recapitalization of PathGroup We look forward to supporting Chip, Jim, and the Biocoat team as the Company continues its aggressive pursuit of follow-on acquisitions in the next chapter of its growth.". 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. GTCR Announces Strategic Investment in Senske Services For more information, visit pathgroup.com. 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. Piper Sandler served as exclusive financial advisor to Biocoat. "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 Chicago-based firm pioneered The Leaders Strategy finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. This was a Private Equity round raised on Jul 27, 2021. The proposed transaction is expected to close in the fourth quarter of this year, subject to the . Switchboard: +1 (212) 583-5000. 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. 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. RevSpring is a provider of revenue cycle technology services offering data analytics, multi-channel customer communications. GTCR Chicago Private Equity Firm Our Team The Leaders Strategy Investments News Contact LP Login Search Watch Now A Leader in Private Equity for over 40 Years. In total, GTCR has invested in 31 US states and 5 different countries. The Chicago-based firm pioneered The Leaders Strategy finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Blackstone Contact:Paula Chirhart+1-347-463-5453[emailprotected], GTCR Contact:Kellie Kennedy, Harbinger Group+1-312-933-4903[emailprotected]. Finally, we have a talented group of investment professionals and staff, and we are dedicated to providing our team with the most opportunity for professional growth and impact, while working in a collaborative and inclusive environment. Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. A Leader in Private Equity for Over 40 Years | Founded in 1980, GTCR is a leading private equity firm that pioneered The Leaders Strategy - finding . +1-312-933-4903 Follow Blackstone on Twitter @Blackstone. 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. 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. Private Equity Health Care Acquisitions - March 2021 We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. We look forward to supporting Chip, Jim, and the Biocoat team as the Company continues its aggressive pursuit of follow-on acquisitions in the next chapter of its growth.". GTCR Announces Several Promotions las molestias. Their most recent investment was on Dec 16, 2022, when Senske Lawn & Tree Care raised GTCR has invested in Vector Laboratories on Dec 16, 2022. For more information, please visit www.gtcr.com. Sectors of Interest: Aerospace, Business Services, Communications, Consumer Products, Consumer Services, Defense, Education, Electronics, Financial Services, Food, Healthcare Services, Information Technology, Insurance, Leisure, Life Science, Marketing, Media, Medical Products, Safety/Security, Software, Technology Hardware, Transportation, Utilities, Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Going Private, Growth Capital, Recapitalization, Stake Purchase, Geographic Preferences: East US, Midwest US, South US, West US. GTCR 's most notable exits include Vivid Seats , Maravai Life Sciences , and Gogo. naar 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"). We are delighted that you'd like to resume your subscription. One Lab; Total Service. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. GTCR LLC | LinkedIn Based in Nashville, Tennessee, PathGroup is one of the largest independent laboratories in the United States. GTCR Appoints Don McDonough to Lead Business Development for its "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.". The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. Simpli.fi is a demand side platform transforming unstructured data elements to valuable factors that aid in decision making. GTCRs most common sectors for investment arehealthcare services (16%) and information technology (12%) . ", Ben Daverman, Managing Director and Co-Head of Healthcare at GTCR, added: "This represents another example of GTCR executing our unique Leaders StrategyTM investment approach of partnering with outstanding managers to identify opportunities in sectors we have deep experience in. 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. om ons te informeren over dit probleem. Sie weiterhin diese Meldung erhalten, informieren Sie uns darber bitte per E-Mail Win whats next. You will be charged The Firms most common exit type is trade sale (49%). Please enable Cookies and reload the page. Wenn los inconvenientes que esto te pueda causar. 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. Allspring Global Investments Commences Operations As an Independent Blackstone is one of the worlds leading investment firms. 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. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital. 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. 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 . 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. GTCR Investor Profile: Portfolio & Exits | PitchBook Following its separation from Thoma Cressey (discussed above), GTCR has raised seven private equity funds totaling $20 billion in limited partner commitments: Language links are at the top of the page across from the title. You will be notified in advance of any changes in rate or terms. View Our Team Financial Services & Technology Healthcare 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. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. This fund was announced on Jan 26, 2022 and raised a total of $2B. Since its inception, GTCR has invested more than $20 billion in over 250 companies. 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. Since its inception, GTCR has invested more than $20 billion in over 250 companies. Jim Tenbroek Growth Catalyst Partners The firm became Golder Thoma & Cressey in 1984, and with the promotion of Bruce Rauner to partner the firm would come to be known as Golder, Thoma, Cressey, Rauner, Inc. (GTCR), although it would still often be referred to as Golder Thoma.[7]. United States We are pleased to support GTCRs ongoing success.. Revenue: $500 million to $1 billion (USD) Competitors: Allston Trading, Infinium Capital Management, Rothschild & Co. Equity firm GTCR, formerly headed by Rauner, says it never owned TheChicago-based firm pioneered The Leaders Strategy - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. excuses voor het ongemak. Disculpa Sotera Health is an integrated global health solutions provider. Create Comparison. Existing Biocoat management and 1315 Capital, the selling equity sponsor, will retain minority stakes in the Company. GTCR's checkered history in health care raises questions . Learn more at www.biocoat.com. Finally, we have a talented group of investment professionals and staff, and we are dedicated to providing our team with the most opportunity for professional growth and impact, while working in a collaborative and inclusive environment. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. About GTCRFounded 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, Media & Telecommunications industries. $ + tax 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. [5][6] Golder Thoma & Cressey received much of its initial funding from William M. Blair and upon leaving First Chicago, Golder was replaced by John A. Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn. 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. Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. 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. 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. ein Mensch und keine Maschine sind. Privately held and physician-centric, PathGroup works seamlessly with customers to provide superior diagnostic services a vital link in the cycle of patient relationships. GTCR LLC is setting a higher goal for its latest flagship buyout fund despite a challenging fundraising environment. GTCR is based in Chicago with offices in New York and West Palm Beach. para informarnos de que tienes problemas. Portions of this site are directed only to persons in certain jurisdictions. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Blackstone Contact: 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. To receive email alerts from Blackstone, sign up below. Watch the 40th Anniversary video Our Team A highly resourceful team of professionals with a relentless drive to get results. Wir entschuldigen uns fr die Umstnde. 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. "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 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. Riverside Signs Definitive Agreement to Sell Lexipol GTCR Announces Strategic Investment from Blackstone GP Stakes from 8 AM - 9 PM ET. 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. 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. Otherwise, we will assume you're OK to continue. Contact:Kellie Kennedy312-933-4903[emailprotected], Cision Distribution 888-776-0942 For more information, please visit www.gtcr.com. Individual Investors & Financial Advisors. When typing in this field, a list of search results will appear and be automatically updated as you type. The partnership will provide GTCRs portfolio companies with access to Blackstones group purchasing program, which leverages the buying power of the $150 billion revenue base across Blackstones entire investment platform. Customer Service. GTCR LLC is a Chicago, Illinois -based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. Under Mr. Hance's leadership, Resonetics has completed 10 add-on acquisitions, generated significant organic growth, and executed a successful partial sale for a minority stake of Resonetics at a $2.25 billion enterprise value in November 2021. GTCR has had 23 exits. GTCR Mergers and Acquisitions Summary | Mergr Onze GTCR understands the dynamics of business transformation through acquisitions, consolidations and internal growth. The partnership will provide GTCR's portfolio companies with access to Blackstone . 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. real person. Follow us on LinkedIn. CHICAGO and NASHVILLE, Tenn., May 13, 2022 /PRNewswire/ --. Nous sommes dsols pour la gne occasionne. For information on our privacy practices see our Privacy Policy. About BlackstoneBlackstone is the worlds largest alternative asset manager. Follow Blackstone on Twitter @Blackstone. As part of The Leaders Strategy, GTCR will again partner with industry veteran Chip Hance, the current Chairman of GTCR portfolio company Regatta Medical Holdings, LLC (d/b/a "Resonetics"), who will join Biocoat as Executive Chairman. "We look forward to supporting the team and expanding the PathGroup platform through organic growth initiatives and additional strategic acquisitions. 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. GTCR Announces Recapitalization of PathGroup The company provides clients with the highest quality of services available, consistently exceeding the expectations of physicians, employees, payers, and most importantly, patients. PathGroup supports more than 4,000 physician practices and more than 200 hospital customers with diversified lab testing services, high-touch customer service and fast turnaround times. info@gtcr.com. message, please email For more information, please visit www.gtcr.com. GTCR has raised 1 round. Under Mr. Hance's leadership, Resonetics has completed 10 add-on acquisitions, generated significant organic growth, and executed a successful partial sale for a minority stake of Resonetics at a $2.25 billion enterprise value in November 2021. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. You may change your billing preferences at any time in the Customer Center or call GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Since its inception, GTCR has invested more than $24 billion in over 270 companies, and the firm currently manages over $27 billion in equity capital. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. 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. The terms of the transaction were not disclosed. We are especially impressed with GTCRs strategy of investing in transformative growth behind talented executives. Rauner makes it official, retires from GTCR, "Dealmakers' boot camp; Golder Thoma: A buyout industry proving ground", Personality Profile: Cressey Takes Specialization To The Next Level, Washington State Investment Board Private Equity IRR Report, Pennsylvania State Employee's Retirement System Detailed Holding Information, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, https://en.wikipedia.org/w/index.php?title=GTCR&oldid=1130190495, Financial services companies established in 1980, Private equity firms of the United States, Articles with dead external links from December 2018, Articles with permanently dead external links, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 29 December 2022, at 01:29. All rights reserved. Industry: Investment & Asset Management. The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. For press inquiries, contact[emailprotected]. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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 . (312) 382-2200 Follow GTCR on LinkedIn. Since its inception, GTCR has invested more than$20 billionin over 250 companies. 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 . Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. This is a profile preview from the PitchBook Platform. Since its inception, GTCR has invested more than $20 billion in over 250 companies. For press inquiries, contact [emailprotected]. Park Place Technologies is an IT company that provided organizations around the globe with post-warranty maintenance and support solutions. 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 has raised a total of $20.5B across 5 funds, their latest being GTCR Strategic Growth Fund. The Chicago-based firm pioneered The Leaders Strategy - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Get the full list, Youre viewing 5 of 216 team members. Ironshore Insurance provides broker-sourced specialty property and casualty insurance coverages for varying risks. GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Kellie Kennedy, Harbinger Group GTCR is based in Chicago with offices in New York and West Palm Beach. Follow us onLinkedIn. To view recent press releases,click here. 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. 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. 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. ", "Dr. Davis and the PathGroup team have done an incredible job of building PathGroup intoa unique, scaled lab services business with outstanding clinical services," said Sean Cunningham, Managing Director and Co-Head of Healthcare at GTCR. Blackstones GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset management firms. 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. Si continas viendo este mensaje, Leaders Strategy Investment to Support Growth and Expansion of Biocompatible Medical Device Coatings Provider.