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. kelliek@theharbingergroup.com, Internet Explorer presents a security risk. 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. Please help us protect Glassdoor by verifying that you're a PDF Platforms Add-ons 14b+ Piper Sandler served as exclusive financial advisor to Biocoat. To view recent press releases,click here. Join Mergr to view GTCRs full profile and discover more 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. 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. Leaders Strategy Investment to Support Growth and Expansion of Biocompatible Medical Device Coatings Provider. Sign In. For press inquiries, contact[emailprotected]. We are sorry for the inconvenience. 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.". +1-347-463-5453 RevSpring is a provider of revenue cycle technology services offering data analytics, multi-channel customer communications. Follow Blackstone on Twitter @Blackstone. About PathGroupFounded in 1965, PathGroup is a premier provider of anatomic, clinical, molecular, and digital pathology services in the United States. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. verdade. The Firms most common investment types include secondary buyout (24%) and stake purchase (21%). Simpli.fi is a demand side platform transforming unstructured data elements to valuable factors that aid in decision making. We do this by using extraordinary people and flexible capital to help companies solve problems. AssuredPartners is an insurance brokerage firm. GTCR - Funding, Financials, Valuation & Investors For office-specific contact information, please visit our our offices page. GTCR Fund XII, the firm's largest fund to date, with $5.25 billion of limited partner equity capital commitments. 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. Please enable Cookies and reload the page. Wir entschuldigen uns fr die Umstnde. 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. Dr. Davis said "We are thrilled to announce this recapitalization with GTCR as our new majority shareholder and partner. +1-312-933-4903 [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. GTCR Seeks $9.5 Billion for Newest Main Buyout Fund - WSJ Chicago, Since its inception, GTCR has invested more than $20 billion in over 250 companies. 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. from 8 AM - 9 PM ET. 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. 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. The Company provides anatomic pathology, digital pathology, molecular diagnostic, and clinical testing services to physician groups and hospital systems across the Southeast and Midwest. Jim Tenbroek Growth Catalyst Partners Watch the 40th Anniversary video Our Team A highly resourceful team of professionals with a relentless drive to get results. We are pleased to support GTCRs ongoing success.. Sotera Health is an integrated global health solutions provider. 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. Switchboard:+1 (212) 583-5000. Lamentamos You may cancel your subscription at anytime by calling 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. Learn more at www.biocoat.com. GTCR Announces Investment in Biocoat | Markets Insider Since its inception, GTCR has invested more than $20 billion in over 250 companies. For more information, please visit www.gtcr.com. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie The partnership will provide GTCR's portfolio companies with access to Blackstone . 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. 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. paula.chirhart@blackstone.com, GTCR Contact: Kellie Kennedy, Harbinger Group 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. 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. GTCR LLC | LinkedIn 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. The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. 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. Blackstones GP Stakes business specializes in value-added, long-term partnerships with leading private-market alternative asset management firms. Revenue: $500 million to $1 billion (USD) Competitors: Allston Trading, Infinium Capital Management, Rothschild & Co. The Firms most common exit type is trade sale (49%). 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. Switchboard: +1 (212) 583-5000. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. GTCR has made 42 investments. 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. 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 was formed in 1980 and is based in Chicago, Illinois. Based in Nashville, Tennessee, PathGroup is one of the largest independent laboratories in the United States. Si continas recibiendo este mensaje, infrmanos del problema This fund was announced on Jan 26, 2022 and raised a total of $2B. 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. 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. ", "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. We are especially impressed with GTCRs strategy of investing in transformative growth behind talented executives. By selecting the relevant option, you certify that it accurately reflects your residency. Since Mr. TenBroek joined as a Managing Director in 1997, Wind Point grew from $150 million of . Individual Investors & Financial Advisors. para informarnos de que tienes problemas. info@gtcr.com. 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. Existing Biocoat management and 1315 Capital, the selling equity sponsor, will retain minority stakes in the Company. We are pleased to support GTCRs ongoing success.. 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. You will be charged 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! I have known the GTCR team for nearly a decade and we share a common vision and commitment to building PathGroup into a larger, more diversified business that can better serve our providers and their patients. 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. 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. www.gtcr.com GTCR Appoints Don McDonough to Lead Business Development for its scusiamo se questo pu causarti degli inconvenienti. GTCR Appoints Don McDonough to Lead Business Development for its 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 based in Chicago with offices in New York and West Palm Beach. One Lab; Total Service. 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. For press inquiries, contact [emailprotected]. . envie um e-mail para All rights reserved. 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. 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. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de Follow GTCR on www.linkedin.com/company/gtcr-llc/. [3] In the 1970s, Golder built the private equity program at First Chicago Corp.[4] where he is noted primarily for backing Federal Express and for efforts as chairman of the National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity. Follow Blackstone on Twitter @Blackstone. 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 . 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. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. enviando un correo electrnico a GTCR LLC is setting a higher goal for its latest flagship buyout fund despite a challenging fundraising environment. "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.". 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. Blackstone Contact:Paula Chirhart+1-347-463-5453[emailprotected], GTCR Contact:Kellie Kennedy, Harbinger Group+1-312-933-4903[emailprotected]. Equity firm GTCR, formerly headed by Rauner, says it never owned Funding. 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. 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. 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. Follow us on LinkedIn. 2023 PitchBook. 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. 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. 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. Which industries has this organization most actively invested in? GTCR Mergers and Acquisitions Summary | Mergr 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. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. Create Comparison. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications. Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. We are delighted that you'd like to resume your subscription. Blackstone Announces Significant Investment in Simpli.fi, a Leading ", 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. 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. 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. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. GTCR - Wikipedia Blackstone is one of the worlds leading investment firms. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. Learn more at www.biocoat.com. The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. 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. message, please email The proposed transaction is expected to close in the fourth quarter of this year, subject to the . an. For more information, please visit www.gtcr.com. GTCR Announces Strategic Investment from Blackstone GP Stakes 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. GTCR Chicago Private Equity Firm Its largest (disclosed) acquisition occurred in 2021 when it acquired Wells Fargo Asset Management for $2.1B. Follow GTCR on LinkedIn. Ironshore Insurance provides broker-sourced specialty property and casualty insurance coverages for varying risks. About BlackstoneBlackstone is the worlds largest alternative asset manager. CONTACT: Kellie Kennedy, [emailprotected], 312-933-4903, Cision Distribution 888-776-0942 GTCR Announces Strategic Investment in Senske Services 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. 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. Since its inception, GTCR has invested more than $20 billion in over 250 companies. 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 . How many investments has this organization made over time? 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. 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. (312) 382-2200 Cloud-based e-commerce merchandising, demand generation and order fulfillment platform for retailers and brands. Onze 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. 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. Win whats next. We do this by using extraordinary people and flexible capital to help companies solve problems. Lamentamos pelo inconveniente. enva un correo electrnico a Leaders Strategy Investment to Support Growth and Expansion of Biocompatible Medical Device Coatings Provider. GTCR has acquired 40 organizations. For information on our privacy practices see our Privacy Policy. Further information is available at www.blackstone.com. To view recent press releases, click here. Follow us onLinkedIn. Multiple GTCR health care companies have made headlines for lawsuits alleging cancer-causing emissions, poor medical care, billing fraud, and other issues. 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. 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.". 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"). 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. mega-sized private equity firm investors just like it. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Si vous continuez voir ce The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach and a long history of success. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Piper Sandler served as exclusive financial advisor to Biocoat. Se continui a visualizzare Portions of this site are directed only to persons in certain jurisdictions. This information is available in the PitchBook Platform. Contact:Kellie Kennedy312-933-4903[emailprotected], Cision Distribution 888-776-0942 For more information, please visit www.gtcr.com. For more information, visit pathgroup.com. GTCR understands the dynamics of business transformation through acquisitions, consolidations and internal growth. Get the full list, Youre viewing 5 of 216 team members. Which industries has this organization had the most exits in? Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Evercore served as financial advisor to GTCR. When typing in this field, a list of search results will appear and be automatically updated as you type.
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