Sard Verbinnen & Co. is handling Veritas Capital’s $5.7B deal ($135 per-share) for Athenahealth, which provides technology services for hospital and ambulatory companies.
 |
The transaction calls for Elliott Management Corp’s Evergreen Coast Capital unit to be a minority investor in the combination of Athena and Veritas-backed Virence Health, the GE Healthcare unit that Veritas acquired in July for $1.1B.
Elliott, which controls a nine percent stake in Athena, offered to offered to buy the company for $160 per-share in May.
The Financial Times notes the Athena deal is the largest-ever for Veritas, which has $10B in assets under management.
Jeff Immelt, former GE CEO and executive chairman of Athena, expects private ownership will benefit his Watertown (MA)-based company via “increased flexibility to achieve our purpose of unleashing our collective potential to transform healthcare.”
SV&C’s Andrew Cole, David Millar and Julie Rudnick represent Veritas, while Athena relies on Joele Frank, Wilkinson Brimmer Katcher’s Barrett Golden, Nick Lamplough and Scott Bisang.
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.
Have a comment? Send it to 
No comments have been submitted for this story yet.