InVentiv Health, the healthcare group that includes agencies like Chandler Chicco Agency and Chamberlain Healthcare PR, is going public.
Burlington, Mass.-based parent company InVentiv Group Holdings filed April 5 for an IPO, listing $100M as its maximum offering price, a placeholder amount. Revenues for 2015 were just under $2B with a loss of $150.6M. Private equity firm Thomas H. Lee Partners is the principal shareholder.
Its companies, and 14,000 employees, cover "lab to life" healthcare services from medical sales and training, clinical trial recruitment, advertising and patient outcome businesses, to PR, which also includes Allidura Consumer and Biosector 2.
The company said it intends to use the IPO proceeds to pay down debt and for general corporate proceeds. Total debt topped $2.1B as of 2015.
Sard Verbinnen & Co.'s New York office is handling IPO PR support.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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