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Kekst CNC represents Avista Capital Partners as the private equity firm acquires the dermatology and topicals business of G&W Laboratories.
The addition of G&W Dermatology to ACP’s investment portfolio is part of its strategy to “identify attractive niche healthcare assets and then acquire such businesses via a carve-out transaction,” according to Sriram Venkataraman, Avista partner.
Avista has named Walt Kaczmarek, a 25-year veteran of the pharmaceuticals sector, CEO of G&W Dermatology.
Carl Greenblatt, a pharmacist who served with the US Army during WWI, founded G&W Laboratories in 1919 His son, Burton, also a pharmacist, joined the company after he returned from service during WWII. A fourth-generation Greenblatt, Aaron, currently helms the company.
Kekst CNC’s Daniel Yunger, Sherri Toub and Daniel Hoadley represent Avista, which has more than $6B invested in 30 health-oriented businesses.
Publicis Groupe owns Kekst CNC.
FTI Consulting handles Ascend Performance Materials, chemicals/engineered products company, as it files for Chapter 11 in an effort to “deleverage” its balance sheet.
Longacre Square Partners represents H Partners Management, which is waging a proxy fight at Harley-Davidson.
Prosek handles GTCR’s announcement of the $24B sale of Worldpay, payments technology company, to Global Payments.
C Street Advisory Group handles the Chapter 11 of Publishers Clearing House as the home of the iconic “prize patrol” sheds its direct mail and magazine subscription businesses.
C Street Advisory Group handles Hooters of America as it declares Chapter 11 to pave way for a buyout led by founders of the casual dining chain.
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