Industry: Investment & Asset Management. 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. We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. 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 . GTCRs largest (disclosed) exit occurred in 2020 when it sold Optimal Blue for $1.8B. 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. 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. 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. Illinois Venture Capital Association (IVCA2), Youre viewing 5 of 800 investments and acquisitions. 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. "Jim Moran and the Biocoat team have built an exciting platform company," said Chip Hance. Founded in 1991, Biocoat is a leading provider of medical coatings products and services for medical devices in the fast-growing interventional sector. Ironshore Insurance provides broker-sourced specialty property and casualty insurance coverages for varying risks. Customer Service. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. 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. 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. Since its inception, GTCR has invested more than $20 billion in over 250 companies. Sotera Health is an integrated global health solutions provider. For more information, please visit www.gtcr.com. Further information is available at www.blackstone.com. To receive email alerts from Blackstone, sign up below. ", "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. Lamentamos Chicago, Blackstone Contact:Paula Chirhart+1-347-463-5453[emailprotected], GTCR Contact:Kellie Kennedy, Harbinger Group+1-312-933-4903[emailprotected]. 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. Biocoat's custom hydrophilic coatings are lubricious, abrasion resistant, biocompatible and can be applied to a wide range of polymeric and metallic substrates. Allspring Global Investments Commences Operations As an Independent These three. GTCR Announces Investment in Biocoat Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de 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 is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. 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. Lamentamos pelo inconveniente. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie Deep Sector Expertise | Portfolio Company Investments - GTCR We are especially impressed with GTCRs strategy of investing in transformative growth behind talented executives. Get the full list, Riverchase Dermatology and Cosmetic Surgery, Youre viewing 5 of 255 exits. In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund . This was a Private Equity round raised on Jul 27, 2021. Funding. 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. 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. Kirkland & Ellis served as legal counsel to GTCR and Fried Frank served as legal counsel to Blackstone. las molestias. For more information, please visitwww.gtcr.com. To view recent press releases,click here. GTCR understands the dynamics of business transformation through acquisitions, consolidations and internal growth. Working at GTCR | Glassdoor 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. Its largest (disclosed) acquisition occurred in 2021 when it acquired Wells Fargo Asset Management for $2.1B. This information is available in the PitchBook Platform. Private Equity Health Care Acquisitions - March 2021 To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. The proposed transaction is expected to close in the fourth quarter of this year, subject to the . 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. The firm has a world-class group of leaders and investment professionals, a differentiated investment approach and a long history of success. Individual Investors & Financial Advisors. paula.chirhart@blackstone.com, GTCR Contact: . pour nous faire part du problme. The Company's capabilities include developing and supplying customized coatings formulations, performing coatings application services, and offering coatings equipment solutions. Please help us protect Glassdoor by verifying that you're a (if applicable) for The Wall Street Journal. 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. 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. Aydanos a proteger Glassdoor verificando que eres una persona real. [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. Buyout Firm GTCR Weighs Sale of Drug Company TerSera Kellie Kennedy, Harbinger Group In 2020, GTCR closed on its thirteenth equity fund, GTCR Fund XIII, with $7.5 billion of limited partner capital commitments. For more information, please visit www.gtcr.com. 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. GTCR Announces Recapitalization of PathGroup message, please email Aiutaci a proteggere Glassdoor dimostrando che sei una persona reale. +1-347-463-5453 M&A research that takes seconds (not all afternoon), Better understand your customers and prospects. The Company is focused on developing highly technical, customized coating formulations critical to medical device performance. 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. 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. 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. 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. GTCR Golder Rauner is a privately held investment firm that focuses on such industries as financial services, health care, technology, and . GTCR Announces Recapitalization of PathGroup Type: Company - Private. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. real person. Gogo is an inflight internet company that provides aviation broadband connectivity products and services. 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. GTCR Announces Investment in Biocoat | Markets Insider AssuredPartners is an insurance brokerage firm. 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"). 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. In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. GTCR Investor Profile: Portfolio & Exits | PitchBook per informarci del problema. If you continue to see this Onze Join Mergr to view GTCRs full profile and discover more 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. Contact:Kellie Kennedy312-933-4903[emailprotected], Cision Distribution 888-776-0942 GTCR has raised a total of $20.5B across 5 funds, their latest being GTCR Strategic Growth Fund. Blackstone Contact: GTCR is a leading growth-oriented private equity firm with a management-driven approach and business-building investment orientation. Contact:Kellie Kennedy312-933-4903kelliek@theharbingergroup.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/gtcr-announces-investment-in-biocoat-301665671.html, Plus500. www.gtcr.com 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. 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 was formed in 1980 and is based in Chicago, Illinois. CONTACT: Kellie Kennedy, [emailprotected], 312-933-4903, Cision Distribution 888-776-0942 Sign In. For information on our privacy practices see our Privacy Policy. 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 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. Evercore served as financial advisor to GTCR. Kirkland & Ellis LLP served as legal counsel and Baird served as financial advisor to GTCR. 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. 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.