From this morning’s LBO Wire:
Health care-focused, private-equity investors in China are facing competition and forging partnerships as Chinese technology companies seek to leverage their dominance on all things digital in the provision of care, writes Amy Or.
Consultant Bain & Co., however, said private-equity investors looking for opportunities in the emerging market’s health-care sector aren’t squeezed out. “The Internet health-care sector is still small,” said Vikram Kapur, a Bain & Co. partner based in Hong Kong. “The bulk of investments in health care in China is still in biopharma and service providers like hospitals, and that’s where a lot of foreign investors bring in not just capital, but also access to expertise and relationship[s]. That helps to take some of the local services to the next level.”
More stories available to LBO Wire subscribers:
Greenspring Associates is closing in on an increased target for its latest secondaries fund; Greenspring Secondaries Fund II LP has collected at least $187.2 million of a targeted total offering amount of $200 million…And Wellfleet Credit Partners, the credit business of Littlejohn & Co., completed a $358.5 million collateralized loan obligation.
(LBO Wire is a daily newsletter with comprehensive analysis of all the investments, deals, fundraisings and personnel moves involving private equity firms. For a two-week trial, visit http://on.wsj.com/DJPEVCNews, scroll to the bottom and click “try for free.”)
Elsewhere on the Web:
Goldman Sachs Group and Vista Equity Partners agreed to settle a lawsuit brought by investors in Tibco Software Inc., a software company that went private in a roughly $4 billion buyout two years ago, reports Liz Hoffman for The Wall Street Journal.
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