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. To receive email alerts from Blackstone, sign up below. CHICAGO, Oct. 31, 2022 /PRNewswire/ -- GTCR, a leading private equity firm, announced today the promotion of Luke Marker, Stephen Master and KJ McConnell to Managing Director. 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. Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. 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"). 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. 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. AssuredPartners is an insurance brokerage firm. GTCR is funded by Blackstone Group. "We look forward to supporting the team and expanding the PathGroup platform through organic growth initiatives and additional strategic acquisitions. 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. CONTACT: Kellie Kennedy, [emailprotected], 312-933-4903, Cision Distribution 888-776-0942 PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. One Lab; Total Service. 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. Since its inception, GTCR has invested more than $20 billion in over 250 companies. para informarnos de que tienes problemas. www.gtcr.com The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. For more information, visit pathgroup.com. The Company provides anatomic pathology, digital pathology, molecular diagnostic, and clinical testing services to physician groups and hospital systems across the Southeast and Midwest. For office-specific contact information, please visitour offices page. M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. How many investments has this organization made over time? 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.". In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. Follow us on LinkedIn. You may change your billing preferences at any time in the Customer Center or call The company provides clients with the highest quality of services available, consistently exceeding the expectations of physicians, employees, payers, and most importantly, patients. GTCR LLC | 12,402 followers on LinkedIn. GTCR has raised 1 round. 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. 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. For more information, please visitwww.gtcr.com. Based in Nashville, Tennessee, PathGroup is one of the largest independent laboratories in the United States. 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. Si vous continuez voir ce To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. . om ons te informeren over dit probleem. 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. real person. 60654 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 . 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. 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) las molestias. 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. Existing Biocoat management and 1315 Capital, the selling equity sponsor, will retain minority stakes in the Company. Gogo is an inflight internet company that provides aviation broadband connectivity products and services. Existing Biocoat management and 1315 Capital, the selling equity sponsor, will retain minority stakes in the Company. GTCR, a leading private equity firm, announced today that it has made a majority investment in PathGroup Holdings LLC ("PathGroup" or the "Company") in partnership with founder and CEO Ben Davis . The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. 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 . Onze message, contactez-nous l'adresse Which types of acquisition does this organization make most frequently. Biocoat's custom hydrophilic coatings are lubricious, abrasion resistant, biocompatible and can be applied to a wide range of polymeric and metallic substrates. 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. Since its inception, GTCR has invested more than$20 billionin over 250 companies. Privately held and physician-centric, PathGroup works seamlessly with customers to provide superior diagnostic services a vital link in the cycle of patient relationships. 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. Kellie Kennedy, Harbinger Group "Jim Moran and the Biocoat team have built an exciting platform company," said Chip Hance. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund . Win whats next. About. RevSpring is a provider of revenue cycle technology services offering data analytics, multi-channel customer communications. 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 . GTCR Golder Rauner is a privately held investment firm that focuses on such industries as financial services, health care, technology, and . Already a subscriber? Join Mergr to view GTCRs full profile and discover more GTCR is a private equity firm that typically partners with management when pursuing acquisitions. For more information, please visit www.gtcr.com. envie um e-mail para 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. Paula Chirhart Lamentamos 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"). CHICAGO and NASHVILLE, Tenn., May 13, 2022 /PRNewswire/ --. los inconvenientes que esto te pueda causar. 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. 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.". 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. Pritzker Private Capital and Vesey Street Capital Partners will also be retaining a minority ownership stake in the Company alongside GTCR and the PathGroup management team. Illinois Venture Capital Association (IVCA2), Youre viewing 5 of 800 investments and acquisitions. GTCR has made 42 investments. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach and a long history of success. Se continui a visualizzare Multiple GTCR health care companies have made headlines for lawsuits alleging cancer-causing emissions, poor medical care, billing fraud, and other issues. 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. "Jim Moran and the Biocoat team have built an exciting platform company," said Chip Hance. Jim TenBroek is a co-founder and Managing Partner of GCP. 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. Park Place Technologies is an IT company that provided organizations around the globe with post-warranty maintenance and support solutions. We are delighted that you'd like to resume your subscription. GTCR is a prolific health care investor, with at least 11 current health care portfolio companies and almost 50 past investments. Si continas recibiendo este mensaje, infrmanos del problema Blackstones GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset management firms. Si continas viendo este mensaje, GTCR understands the dynamics of business transformation through acquisitions, consolidations and internal growth. For more information, please visit www.gtcr.com. Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. 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. paula.chirhart@blackstone.com, GTCR Contact: GTCR has acquired 40 organizations. In the last 3 years, GTCR has exited 9 companies. 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. This information is available in the PitchBook Platform. per informarci del problema. GTCR LLC is a Chicago, Illinois -based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. Learn more at www.biocoat.com. 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. These three. The partnership will provide GTCR's portfolio companies with access to Blackstone . Since its inception, GTCR has invested more than $20 billion in over 250 companies. GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Simpli.fi is a demand side platform transforming unstructured data elements to valuable factors that aid in decision making. GTCR has raised a total of $20.5B across 5 funds, their latest being GTCR Strategic Growth Fund. (if applicable) for The Wall Street Journal. ", "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. GTCR Seeks $9.5 Billion for Newest Main Buyout Fund The buyout manager is looking to raise a fund that is nearly 27% larger than its predecessor as more institutional investors wrestle with. naar Further information is available at www.blackstone.com. Chicago, IL and New York, NY July 27, 2021 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. GTCR Fund XII, the firm's largest fund to date, with $5.25 billion of limited partner equity capital commitments. from 8 AM - 9 PM ET. Please help us protect Glassdoor by verifying that you're a 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 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. Founded 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. 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. 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. Otherwise, we will assume you're OK to continue. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Since Mr. TenBroek joined as a Managing Director in 1997, Wind Point grew from $150 million of . The Firms most common exit type is trade sale (49%). 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. "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 is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Ci questo messaggio, invia un'email all'indirizzo GTCR 's most notable exits include Vivid Seats , Maravai Life Sciences , and Gogo. GTCR is based in Chicago with offices in. to let us know you're having trouble. 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. Please enable Cookies and reload the page. 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. Leaders Strategy Investment to Support Growth and Expansion of Biocompatible Medical Device Coatings Provider. Learn more at www.biocoat.com. Sign In. The terms of the transaction were not disclosed. Wenn 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. 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. medium-sized businesses in the United States and Canada. (312) 382-2200 pour nous faire part du problme. You will be notified in advance of any changes in rate or terms. Vivid Seats operates as an online ticket marketplace that connects fans with event ticket sellers. You will be charged In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. For press inquiries, contact[emailprotected]. 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. Follow Blackstone on Twitter @Blackstone. 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. Contact:Kellie Kennedy312-933-4903[emailprotected], Cision Distribution 888-776-0942 Industry: Investment & Asset Management. GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. GTCR is based in Chicago with offices in New York and West Palm Beach. By submitting this request, you consent to receive email from Blackstone. Prior to partnering with GTCR, Mr. Hance served as Chief Executive Officer of Creganna Medical, a leading supplier of contract manufacturing services for medical devices, where he significantly grew the business via acquisitions and organic growth before completing a successful sale of the company in 2016 to TE Connectivity. GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. GTCR's checkered history in health care raises questions . GTCRs largest (disclosed) exit occurred in 2020 when it sold Optimal Blue for $1.8B. All rights reserved. GTCR is based in Chicago with offices in New York and West Palm Beach. Since 1980, GTCR has reportedly invested more than $15 billion in over 200 companies. Which industries has this organization had the most exits in? Chicago, 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. 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. For information on our privacy practices see our Privacy Policy. an. About BlackstoneBlackstone is the worlds largest alternative asset manager. 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]. Its largest (disclosed) acquisition occurred in 2021 when it acquired Wells Fargo Asset Management for $2.1B. 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. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Ironshore Insurance provides broker-sourced specialty property and casualty insurance coverages for varying risks. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, GTCR Becomes Signatory to United Nations-Supported Principles for Responsible Investment. Since 2018, equity firm GTCR has been included on a list of defendants on a long and growing list of personal injury lawsuits related to alleged toxic emissions from the Sterigenics facility in west suburban Willowbrook. PathGroup uses the latest in proprietary and industry standard technology to deliver fast, accurate results. To explore GTCRs full profile, request access. Follow GTCR on LinkedIn. GTCR, a leading private equity firm, announced today that it has made a majority investment in PathGroup Holdings LLC ("PathGroup" or the "Company") in partnership with founder and CEO Ben Davis, MD and the PathGroup management team, who have made a substantial reinvestment in the Company. 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 . Caso continue recebendo esta mensagem, Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. Cloud-based e-commerce merchandising, demand generation and order fulfillment platform for retailers and brands. 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. Customer Service. Watch the 40th Anniversary video Our Team A highly resourceful team of professionals with a relentless drive to get results. para nos informar sobre o problema. Prior to partnering with GTCR, Mr. Hance served as Chief Executive Officer of Creganna Medical, a leading supplier of contract manufacturing services for medical devices, where he significantly grew the business via acquisitions and organic growth before completing a successful sale of the company in 2016 to TE Connectivity. 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. 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. Blackstones GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset management firms. 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. 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.

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