Michael Schoeck, Author at PE Hub https://www.pehub.com For the world's private equity markets Thu, 21 Dec 2023 21:02:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 MedImpact to seek approval to acquire Rite Aid’s Elixir PBM business https://www.pehub.com/medimpact-to-seek-approval-to-acquire-rite-aids-elixir-pbm-business/ Thu, 21 Dec 2023 17:43:11 +0000 https://www.pehub.com/?p=20000003681225 A competitive auction for Rite Aid’s PBM business was canceled on December 21, while the company’s attorney will continue to seek offers for the retail stores at auction.

The post MedImpact to seek approval to acquire Rite Aid’s Elixir PBM business appeared first on PE Hub.

]]> Apollo’s WattEV charges up California’s truckers; Vista promotes six; Rite Aid’s Elixir auction https://www.pehub.com/apollos-wattev-charges-up-californias-truckers-vista-promotes-six-rite-aids-elixir-auction/ Thu, 21 Dec 2023 14:10:43 +0000 https://www.pehub.com/?p=20000003681193 Vista Equity makes six senior leadership promotions.

The post Apollo’s WattEV charges up California’s truckers; Vista promotes six; Rite Aid’s Elixir auction appeared first on PE Hub.

]]> Apollo-backed WattEV’s growth to be fueled by decarbonization of California and other states https://www.pehub.com/apollo-backed-wattevs-growth-to-be-fueled-by-decarbonization-of-california-and-other-states/ Thu, 21 Dec 2023 12:00:24 +0000 https://www.pehub.com/?p=20000003681010 Starting in 2024, companies like Procter & Gamble, Target, IKEA, MGA and Walmart must use zero-emissions vehicles at ports of entry for commerce in California.

The post Apollo-backed WattEV’s growth to be fueled by decarbonization of California and other states appeared first on PE Hub.

]]> Renewable energy assets yielded big deals for utilities and others in 2023 https://www.pehub.com/top-pe-backed-renewable-energy-utility-deals-of-2023/ Thu, 14 Dec 2023 13:00:12 +0000 https://www.pehub.com/?p=20000003680664 Apollo, ArcLight, Blackstone, Brookfield, EnCap and other investors struck big deals for wind, solar and hydro portfolios.

The post Renewable energy assets yielded big deals for utilities and others in 2023 appeared first on PE Hub.

]]> Repowering the grid: 5 PE deals in the utility EPC sector https://www.pehub.com/repowering-the-grid-5-pe-deals-in-the-utility-epc-sector/ Wed, 13 Dec 2023 12:05:07 +0000 https://www.pehub.com/?p=20000003680725 Calera, Greenbelt, Align, Oaktree and CAI are among the private equity firms buying engineering, procurement and construction contractors for utilities.

The post Repowering the grid: 5 PE deals in the utility EPC sector appeared first on PE Hub.

]]> SK Capital thin-film producer closes first US target; Medical service add-ons; Brookfield-Origin bid rejected https://www.pehub.com/sk-capital-thin-film-producer-closes-first-us-target-medical-service-add-ons-brookfield-origin-bid-rejected/ Thu, 07 Dec 2023 14:28:37 +0000 https://www.pehub.com/?p=20000003680557 Sun Capital-backed Platinum Dermatology Partners merges with Skin & Cancer Associates.

The post SK Capital thin-film producer closes first US target; Medical service add-ons; Brookfield-Origin bid rejected appeared first on PE Hub.

]]> Triple Oak Power deal on track by year-end: sources https://www.pehub.com/triple-oak-power-deal-on-track-by-year-end-sources/ Tue, 05 Dec 2023 17:45:06 +0000 https://www.pehub.com/?p=20000003680446 EnCap Investments, Yorktown Partners and Mercuria Energy Group remain engaged with potential buyers for the Portland, Oregon-based wind development company. Marathon Capital is advising the company sale.

The post Triple Oak Power deal on track by year-end: sources appeared first on PE Hub.

]]> Macquarie seeks energy TIC service providers for Camin Cargo Control https://www.pehub.com/macquaries-eckmann-sees-tuck-in-deals-for-energy-inspection-platform-camin-cargo/ Mon, 04 Dec 2023 12:00:49 +0000 https://www.pehub.com/?p=20000003680326 Private equity firms, including Macquarie and KKR, are increasingly investing in TIC service providers.

The post Macquarie seeks energy TIC service providers for Camin Cargo Control appeared first on PE Hub.

]]> Rite Aid’s Elixir PBM auction delayed by a month https://www.pehub.com/rite-aids-elixir-pbm-auction-delayed-by-a-month/ Thu, 30 Nov 2023 20:47:00 +0000 https://www.pehub.com/?p=20000003680274 Private equity firms may be among those competing with stalking horse bidder MedImpact.

The post Rite Aid’s Elixir PBM auction delayed by a month appeared first on PE Hub.

]]> Greenbelt eyes tuck-ins for energy transition enabler Saber https://www.pehub.com/greenbelt-eyes-tuck-ins-for-new-energy-economy-enabler-saber-power/ Tue, 28 Nov 2023 12:00:23 +0000 https://www.pehub.com/?p=20000003679806 An investor group led by Greenbelt announced the acquisition of Saber Power Services, a Houston-based infrastructure services platform, earlier in November.

The post Greenbelt eyes tuck-ins for energy transition enabler Saber appeared first on PE Hub.

]]> Kinetik to sell stake in GCX; Tim Short and Michael Hamilton launch Acadia https://www.pehub.com/kinitek-to-sell-stake-in-gcx-tim-short-and-michael-hamilton-launch-acadia/ Wed, 15 Nov 2023 14:51:59 +0000 https://www.pehub.com/?p=20000003679483 Ex-KKR Managing Director Short co-founds new energy transition investment firm.

The post Kinetik to sell stake in GCX; Tim Short and Michael Hamilton launch Acadia appeared first on PE Hub.

]]> RCF sees ‘immense upside’ in mining and more transaction activity in 2024 https://www.pehub.com/rcf-sees-immense-upside-in-mining-and-more-transaction-activity-in-2024/ Wed, 15 Nov 2023 13:00:43 +0000 https://www.pehub.com/?p=20000003679308 Resource Capital Funds is selling Ausenco to a group led by Eldridge for $578m.

The post RCF sees ‘immense upside’ in mining and more transaction activity in 2024 appeared first on PE Hub.

]]> Gulf Coast Express midstream stake sale draws PE interest https://www.pehub.com/gulf-coast-express-midstream-stake-sale-draws-pe-interest/ Wed, 15 Nov 2023 12:00:54 +0000 https://www.pehub.com/?p=20000003679450 Kinetik’s 16% stake in the pipeline is valued at up to $550m. The company has been in the market with adviser JP Morgan since early summer.

The post Gulf Coast Express midstream stake sale draws PE interest appeared first on PE Hub.

]]> STG takes Pro Tools maker private; CORE Industrial adds on; healthcare M&A picks up https://www.pehub.com/stg-takes-pro-tools-maker-private-core-industrial-adds-on-healthcare-ma-picks-up/ Wed, 08 Nov 2023 14:50:56 +0000 https://www.pehub.com/?p=20000003679224 STG completes take-private buyout of Pro Tools maker Avid Technology.

The post STG takes Pro Tools maker private; CORE Industrial adds on; healthcare M&A picks up appeared first on PE Hub.

]]> Bankrupt Rite Aid’s Elixir business ripe for mid-market PE buyout https://www.pehub.com/bankrupt-rite-aids-elixir-business-ripe-for-mid-market-pe-buyout/ Thu, 02 Nov 2023 11:00:50 +0000 https://www.pehub.com/?p=20000003678507 MedImpact Healthcare has a $575m stalking horse bid to acquire Rite Aid's Elixir pharmacy benefit manager business.

The post Bankrupt Rite Aid’s Elixir business ripe for mid-market PE buyout appeared first on PE Hub.

]]> BharCap eyes tech-enabled add-ons for ARMStrong Receivables https://www.pehub.com/bharcap-eyes-tech-enabled-add-ons-for-armstrong-receivables/ Tue, 24 Oct 2023 11:00:44 +0000 https://www.pehub.com/?p=20000003678270 Enterprise values could range from as little as $20m up to a couple hundred of million dollars, managing partner Bharath Srikrishnan said.

The post BharCap eyes tech-enabled add-ons for ARMStrong Receivables appeared first on PE Hub.

]]> True Green Capital sees retail energy expansion via community solar https://www.pehub.com/true-green-capital-sees-retail-energy-expansion-via-community-solar/ Mon, 23 Oct 2023 11:00:20 +0000 https://www.pehub.com/?p=20000003678175 True Green intends to build 200 MW of community solar projects, and by the end of 2024 it expects to have more than 100 MW of that portfolio constructed.

The post True Green Capital sees retail energy expansion via community solar appeared first on PE Hub.

]]> Hastings Equity expects to make add-on deals for utility consulting group Celerity https://www.pehub.com/hastings-equity-expects-to-make-add-on-deals-for-utility-consulting-group-celerity/ Tue, 17 Oct 2023 11:00:25 +0000 https://www.pehub.com/?p=20000003677975 Hastings acquired Celerity Consulting Group in 2021 and added on Clear Path earlier in 2023.

The post Hastings Equity expects to make add-on deals for utility consulting group Celerity appeared first on PE Hub.

]]> Northleaf eyes Infrastructure-as-a-Service model with controlling stake in EVPassport https://www.pehub.com/northleaf-eyes-infrastructure-as-a-service-model-with-controlling-stake-in-evpassport/ Thu, 12 Oct 2023 20:22:01 +0000 https://www.pehub.com/?p=20000003677910 The Toronto firm has committed $200m to fund EVPassport’s capital requirements and accelerate the build-out of EV charging systems.

The post Northleaf eyes Infrastructure-as-a-Service model with controlling stake in EVPassport appeared first on PE Hub.

]]> Ronin Equity seeks add-ons after merging six companies to craft Lotus https://www.pehub.com/ronin-equity-seeks-add-ons-after-merging-six-companies-to-craft-lotus/ Wed, 11 Oct 2023 12:00:30 +0000 https://www.pehub.com/?p=20000003677648 Ronin formed Lotus Beverage Alliance in April when the PE firm merged six craft beverage equipment providers.

The post Ronin Equity seeks add-ons after merging six companies to craft Lotus appeared first on PE Hub.

]]> Cambridge Associates: Co-investing with LPs can help GPs buy and build https://www.pehub.com/cambridge-associates-scott-martin-co-investing-with-lps-can-help-gps-buy-and-build/ Wed, 04 Oct 2023 15:25:39 +0000 https://www.pehub.com/?p=20000003677576 Co-investments are on the rise in many sectors, including software, infrastructure and financial services.

The post Cambridge Associates: Co-investing with LPs can help GPs buy and build appeared first on PE Hub.

]]> AEA-backed SiteLogIQ pursues more add-ons https://www.pehub.com/aea-backed-sitelogiq-pursues-more-add-ons/ Mon, 02 Oct 2023 11:00:22 +0000 https://www.pehub.com/?p=20000003677419 AEA acquired SiteLogIQ in 2020 from Oaktree and bought it's first add-on, EV charging station installer Ikon EFS, in June.

The post AEA-backed SiteLogIQ pursues more add-ons appeared first on PE Hub.

]]> Tailwater, Ares-backed Cureton Midstream sale process attracts strategic interest, sources say https://www.pehub.com/tailwater-ares-backed-cureton-midstream-sale-process-attracts-strategic-interest-sources-say/ Thu, 28 Sep 2023 12:15:55 +0000 https://www.pehub.com/?p=20000003677362 Cureton Midstream could fetch between $200m and $400m in sale proceeds.

The post Tailwater, Ares-backed Cureton Midstream sale process attracts strategic interest, sources say appeared first on PE Hub.

]]> Healthcare staffing shortages at the heart of BV’s acquisition of Hardenbergh https://www.pehub.com/healthcare-staffing-shortages-at-the-heart-of-bvs-acquisition-of-hardenbergh/ Thu, 21 Sep 2023 11:00:31 +0000 https://www.pehub.com/?p=20000003676884 Aging patients and more procedures are driving demand for medical services professionals, said BV's Sean Wilder.

The post Healthcare staffing shortages at the heart of BV’s acquisition of Hardenbergh appeared first on PE Hub.

]]> Bernhard Capital sees acquisition potential for energy efficiency software business https://www.pehub.com/bernhard-capital-sees-acquisition-potential-for-energy-efficiency-software-business/ Tue, 19 Sep 2023 13:05:34 +0000 https://www.pehub.com/?p=20000003676751 'At first blush it may seem like a new approach for us, but it fits hand in glove with our strategy in the infrastructure services space, serving critical asset owners,' says Jonathan de Lauréal.

The post Bernhard Capital sees acquisition potential for energy efficiency software business appeared first on PE Hub.

]]> EnCap-backed Triple Oak Power sale process attracting PE interest, sources say https://www.pehub.com/encap-backed-triple-oak-power-sale-process-attracting-pe-interest-sources-say/ Thu, 14 Sep 2023 20:07:07 +0000 https://www.pehub.com/?p=20000003676632 The sale of Triple Oak would mark the third exit for EnCap Energy Transition I, following Jupiter Power and Broad Reach.

The post EnCap-backed Triple Oak Power sale process attracting PE interest, sources say appeared first on PE Hub.

]]> ICG’s interest in Enfinity powered by demand for solar energy and storage https://www.pehub.com/icgs-interest-in-enfinity-powered-by-market-tailwinds-demand-for-solar-plus-energy-storage/ Mon, 11 Sep 2023 12:15:53 +0000 https://www.pehub.com/?p=20000003676433 Enfinity Global announced a €400m ($428m) equity commitment from ICG Infrastructure earlier in September.

The post ICG’s interest in Enfinity powered by demand for solar energy and storage appeared first on PE Hub.

]]>