GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. GTCRs largest (disclosed) exit occurred in 2020 when it sold Optimal Blue for $1.8B. The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. GTCR - Wikipedia Private Equity Health Care Acquisitions - March 2021 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. 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. Industry: Investment & Asset Management. Which industries has this organization had the most exits in? 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. Further information is available at www.blackstone.com. 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. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Piper Sandler served as exclusive financial advisor to Biocoat. per informarci del problema. Paula Chirhart . RevSpring is a provider of revenue cycle technology services offering data analytics, multi-channel customer communications. 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. Jim TenBroek is a co-founder and Managing Partner of GCP. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications. to let us know you're having trouble. Follow GTCR on www.linkedin.com/company/gtcr-llc/. 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. 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. medium-sized businesses in the United States and Canada. 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. Sign In. Equity firm GTCR, formerly headed by Rauner, says it never owned GTCR LLC is setting a higher goal for its latest flagship buyout fund despite a challenging fundraising environment. Blackstone Announces Significant Investment in Simpli.fi, a Leading GTCR LLC | LinkedIn By selecting the relevant option, you certify that it accurately reflects your residency. 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. 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. GTCR is a prolific health care investor, with at least 11 current health care portfolio companies and almost 50 past investments. "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.". All rights reserved. GTCR is the current iteration of an equity and investment corporate finance entity dating back to the 1970s. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. The Firms most common investment types include secondary buyout (24%) and stake purchase (21%). Portions of this site are directed only to persons in certain jurisdictions. Learn more at www.biocoat.com. Individual Investors & Financial Advisors. GTCR is based in Chicago with offices in. Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. 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. Over the past 15 months, we have made three Financial Services & Technology ("FS&T") platform investments: Optimal Blue, RevSpring and Sage Payment Solutions. 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. 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. Follow us on LinkedIn. 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. Biocoat's custom hydrophilic coatings are lubricious, abrasion resistant, biocompatible and can be applied to a wide range of polymeric and metallic substrates. 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. GTCR Announces Strategic Investment in Senske Services ein Mensch und keine Maschine sind. This information is available in the PitchBook Platform. verdade. GTCR was formed in 1980 and is based in Chicago, Illinois. 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. Please enable Cookies and reload the page. 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 . para nos informar sobre o problema. 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. 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. 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"). Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. Multiple GTCR health care companies have made headlines for lawsuits alleging cancer-causing emissions, poor medical care, billing fraud, and other issues. 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 . 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. By submitting this request, you consent to receive email from Blackstone. Aydanos a proteger Glassdoor y demustranos que eres una persona real. 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 . GTCR has raised a total of $20.5B across 5 funds, their latest being GTCR Strategic Growth Fund. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. 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]. Ci 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. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. GTCR Announces Several Promotions Blackstone Contact: 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. ", 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. Dr. Davis said "We are thrilled to announce this recapitalization with GTCR as our new majority shareholder and partner. Which types of acquisition does this organization make most frequently. los inconvenientes que esto te pueda causar. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. CONTACT: Kellie Kennedy, [emailprotected], 312-933-4903, Cision Distribution 888-776-0942 Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. 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. Leaders Strategy Investment to Support Growth and Expansion of Biocompatible Medical Device Coatings Provider. 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. If you continue to see this 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. Biocoat's custom hydrophilic coatings are lubricious, abrasion resistant, biocompatible and can be applied to a wide range of polymeric and metallic substrates. For office-specific contact information, please visitour offices page. For more information, please visitwww.gtcr.com. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. We are pleased to support GTCRs ongoing success.. In the last 3 years, GTCR has exited 9 companies. GTCR is based in Chicago with offices in New York and West Palm Beach. Sotera Health is an integrated global health solutions provider. In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner 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. The company provides clients with the highest quality of services available, consistently exceeding the expectations of physicians, employees, payers, and most importantly, patients. GTCR Announces Strategic Investment from Blackstone GP Stakes

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