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Sard Verbinnen & Co. represents Audax Private Equity as it sells its Axia Women’s Health unit to Partners Group of Switzerland.
Based in Voorhees, NJ, Axia operates more than 150 facilities that offer OB/GYN, breast health, high-risk pregnancy and fertility services in New Jersey, Pennsylvania, Ohio, Kentucky and Indiana.
Charlie Choi, CEO of Axia, praised Audax for “supporting our mission to create a more caring, connected and progressive women’s health community.”
He looks forward to “our next chapter with Partners Group to continue building sustainable value as a national women’s health platform.”
Partners, which has $109B in assets under management, has 20 offices worldwide and a regional headquarters in Denver.
Sard Verbinnen’s Julie Rudnick and Julie Casale represent Boston-based Audax.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
