Experience

• Healthcare

  • Tractor Supply Company in its acquisition of Allivet, an online pet pharmacy.
  • Clayton, Dubilier & Rice in its acquisition, together with TowerBrook, of R1 RCM, a provider of technology-driven solutions that impact the patient experience and financial performance of healthcare providers, at an enterprise value of $8.9 billion.
  • Clayton, Dubilier & Rice in its strategic partnership with Elevance Health, which will bring together certain care delivery and enablement assets of Elevance’s Carelon Health and CD&R portfolio companies, apree health and Millennium Physician Group.
  • Clayton, Dubilier & Rice in its acquisition of a 60% interest in Humana’s Kindred at Home Hospice and Personal Care divisions, valued at $3.4 billion.
  • Carlyle in its $2 billion acquisition of Abingworth, a life sciences investment firm.
  • Blackstone as lead investor in DNAnexus’ $200 million financing round.
  • Carlyle in its strategic partnership with Orsini, an independent specialty pharmacy focused on rare diseases, gene therapies and complex conditions.
  • Carlyle in its investment in Resonetics, a leader in micro-manufacturing for the medical device and diagnostics equipment industries, valuing the company at approximately $2.25 billion.
  • Carlyle in its acquisition of a majority stake in Saama, a leading AI-driven intelligent clinical cloud company that enables the life sciences industry to conduct faster and safer clinical developments and regulatory programs.
  • HealthEdge and its controlling shareholder, Blackstone, in the acquisitions of Wellframe, a digital health management company.; Altruista, a care management software company that delivers care management and population health management solutions that support value-based and person-centered care models; and The Burgess Group, an innovative payment integrity software company focused on improving healthcare payment operations through a cloud-based technology platform.
  • Blackstone in its investment in Medable, the leading cloud platform for patient-centered clinical research, valuing Medable at $2.1 billion.
  • HCA Healthcare, one of the nation’s leading provider of healthcare services, in its agreement to acquire the operations of five hospitals of Steward Health Care, the largest physician-led healthcare network.
  • Blackstone in its investment in Ginger, a leader in on-demand behavioral healthcare.
  • Clayton, Dubilier & Rice in its acquisition of Millennium Physician Group, one of the largest independent primary care practices in the country.
  • Carlyle in the $2.5 billion merger of Grand Rounds and Doctor on Demand.
  • Carlyle in its acquisition of and subsequent $2.6 billion sale of MedRisk to CVC Capital Partners.
  • Precision Medical Group in its $2.4 billion sale to Blackstone.
  • Morgan Stanley Capital Partners in the sale of Manna Pro Products, a recognized leader in pet care, to Carlyle.
  • Blackstone in its investment in Bright Health as part of a $500 million Series E financing round.
  • Carlyle in its majority investment in TriNetX, a leading global health research network optimizing clinical research to bring new therapies to market faster.
  • Blackstone in its acquisition of HealthEdge, a leading technology business that delivers next generation Core Administrative Processing Systems (CAPS) solutions to healthcare businesses.
  • Johnson & Johnson in its acquisition of TARIS, a biotechnology company specializing in the development of a novel drugs and delivery technologies for the treatment of cancer.
  • Morgan Stanley and Greenhill Partners, as financial advisors to International Flavors and Fragrances, in International Flavors and Fragrances’s $45 billion Reverse Morris Trust merger with the nutrition and biosciences unit of DuPont de Nemours.
  • HCA Healthcare in its $1.5 billion acquisition of Mission Health, a nonprofit North Carolina health system.
  • Johnson & Johnson in its acquisition of Zarbee's Naturals, a leader in naturally-based healthcare products.
  • Envision Healthcare in its $15 billion merger with AMSURG, creating one of the largest U.S. providers of specialty physicians and hospital-related services.
  • Johnson & Johnson in its global co-development and commercialization agreement with Theravance Biopharma, relating to various compounds being developed for the treatment of inflammatory bowel disease, including Crohn's and ulcerative colitis.
  • Prism, a leading retina surgeon practice, in its sale of a 60% stake to Quad-C Management.
  • Clayton, Dubilier & Rice in the acquisition of Carestream Dental, an industry-leading provider of dental digital product lines and services, from Carestream Health/Onex.
  • Johnson & Johnson in its acquisition from AstraZeneca of the global rights outside of the U.S. to Rhinocort Aqua, a line of nasal sprays used to treat allergies.
  • Nestlé in its $1.4 billion acquisition of the aesthetic dermatology business of Valeant Pharmaceuticals.
  • AssuraMed in its $2 billion sale to Cardinal Health.
  • Envision Healthcare in its $620 million acquisition of Rural/Metro Corporation, the second largest provider of ambulatory services in the U.S.
  • Nestlé Skin Health in its $1 billion acquisition of Guthy Renker’s worldwide Proactiv business, the world’s leading non-prescription acne brand.
  • Johnson & Johnson in the sale of its worldwide intimate health business to Reckitt Benckiser, a UK-based consumer goods company.
  • PharMEDium, a Clayton, Dubilier & Rice portfolio company and the leading national provider of outsourced compounded sterile preparations to acute care hospitals in the United States, in its $2.6 billion sale to AmerisourceBergen.

• Technology, Media & Telecommunications

  • The National Football League in its recently approved policy allowing private equity funds to purchase non-controlling interests of up to 10% of an NFL club.
  • Gogo, the leading inflight Internet company, in the successful sale of its commercial aviation business to Intelsat, which was in Chapter 11 at the time of the transaction.
  • Warner Music Group in its acquisition of the Parlophone Label Group from Universal Music Group.
  • American Express in its acquisition of Resy, a leading digital restaurant reservation booking and management platform.
  • Providence Equity Partners in its acquisition from General Motors and Ford of a majority stake in OEConnection, the established market leader in cloud-based technology solutions that facilitate the efficient location, sale, distribution and dynamic pricing of automotive parts.
  • Dell in its proposed, and later terminated, $1.5 billion acquisition of 3PAR, a global data-storage provider.
  • General Electric in the repurchase of Vivendi’s stock of NBC Universal for $5.8 billion, along with advice to NBC Universal on certain corporate matters related to the formation of the NBC Universal - Comcast joint venture valued at $37.5 billion.
  • The Dolan family in its $22 billion effort to take Cablevision private.
  • LivingSocial in its acquisition of Ticket Monster, the leading social commerce website in South Korea.
  • Viewdle, a facial recognition technology provider, in its sale to Google.
  • General Electric and NBC in their acquisition of Vivendi Universal Entertainment and formation of NBC Universal, a $43 billion broadcast, cable, studio, film and diversified entertainment company owned 20% by Vivendi and 80% by General Electric.
  • NBC Universal in its $3.4 billion purchase of common and preferred interests of Vivendi Universal Entertainment LLP from IAC/InterActiveCorp., resulting in VUE being wholly owned by NBC.

• Industrials

  • Clayton, Dubilier & Rice in its acquisition of a majority stake in the industrial businesses of Roper Technologies, which operates market-leading businesses that design and develop vertical software and application-specific products, in a transaction valued at $3.7 billion.
  • Clayton, Dubilier & Rice in its $6 billion acquisition and subsequent combination of Fort Dearborn and Multi-Color Corporation, to create the world's largest label solutions company.
  • Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the United States.
  • Cerberus Capital Management in its acquisition of Electrical Components International, the world’s leading manufacturer of wire harnesses, control boxes and value-added assembly services, from KPS Capital Partners.
  • Cerberus Capital Management in its acquisition of Cyanco International, the largest global producer of sodium cyanide.
  • Clayton, Dubilier & Rice in its $1.5 billion acquisition of a majority ownership stake in Wilsonart International Holdings, the decorative surfaces unit of Illinois Tool Works.

• Business Services

  • Morgan Stanley Private Equity in its acquisition of CoAdvantage, a leading Professional Employer Organization, and later sale to Aquiline Capital.
  • Morgan Stanley Private Equity in its acquisition of Creative Circle, one of North America’s largest independent staffing firms specializing in advertising, creative and marketing talent, and later sale to NYSE-listed On Assignment for a mix of stock and cash consideration.
  • Providence Equity Partners in its $1.5 billion acquisition of Altegrity (formerly known as US Investigations Services), a leading provider of information, security and risk management services.
  • Providence Equity Partners and Altegrity in the acquisition of HireRight, a NASDAQ-listed company that provides employee screening and other information services.
  • Altegrity and Providence Equity Partners in their $1.13 billion acquisition of Kroll from Marsh & McLennan.

• Energy

  • Clayton, Dubilier & Rice and BrandSafway in the $6.2 billion sale of BrandSafway to Brookfield Business Partners L.P. and CD&R Fund X.
  • Access Industries, as part of a consortium with Apollo Global Management and Riverstone Holdings, in its $7.2 billion acquisition of the oil and gas exploration and production assets of El Paso, which were sold in connection with Kinder Morgan's $38 billion acquisition of El Paso.
  • Clayton, Dubilier & Rice and Brand Energy and Infrastructure Services in the merger of Brand Energy and Safway Group, forming the leading global industrial service business with over $5 billion in revenue.
  • Clayton, Dubilier & Rice in its acquisition of up to a 49% stake in NYSE-listed CHC Group, the world's largest commercial helicopter operator with an enterprise value of $1.9 billion.

• Financial Services

  • Cornell Capital as a lead investor in the $2.05 billion acquisition of Talcott Resolution, The Hartford’s run-off life and annuity businesses.
  • Morgan Stanley Private Equity in its acquisition of Access Cash, a Canadian independent service organization that manages the country’s second largest network of automated teller machines.