Sweden-based private equity group EQT engaged Kekst and Company for PR counsel in its $2.35B acquisition of Press Ganey Holdings, the patient survey administrator for healthcare institutions.
EQT, which is making its first direct equity investment in North America, will pay $40.50 per share for publicly traded Press Gainey, a 20% premium. PG's board has unanimously approved the transaction.
Kekst managing director Daniel Yunger and associate Ross Lovern counseled EQT. South Bend, Ind.-based Press Ganey relied on its internal PR team.
Press Ganey CEO Patrick Ryan said the deal delivers value to shareholders while allowing the company to accelerate investment in acquisitions and product development.
PG went public in 2015 at $25 per share. Second quarter 2016 revenue was up 17.8% to $91.2M with net income of $7.9M.
Spectrum Science acquires clinical trial recruitment and engagement solutions provider Continuum Clinical.
How PR agency owners can navigate the M&A process in a way that yields a rewarding experience for both owners and the teams they leave behind.
Ten potential ways an agency sale can positively benefit team members and employees.
Kekst CNC reps Palladium Equity Partners and its joint venture affiliate, Palladium Heritage, on the acquisition of National Auto Parts, USA;, NAP San Diego; and National Auto Parts-Oakland to form Collision Auto Parts, a platform serving customers in the automotive aftermarket collision repair sector.
ICR has acquired Bullfrog + Baum, the 23-year-old PR shop focused on the hospitality, lifestyle, travel and consumer marketing sectors.
Have a comment? Send it to 
No comments have been submitted for this story yet.