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EQT and Hillhouse are positioned as the leading bidders in the final stages of the $800 million sale of GeBBS Healthcare, a company promoted by ChrysCapital. This sale is part of a broader trend in the healthcare sector, where private equity firms are increasingly active. In a separate development, the KKR bank sale is being closely monitored as it may provide insights into India's capacity to pay for financial services. The ongoing activity in the private equity market is indicative of the evolving landscape, with buyout firms exploring various opportunities, including redesigned SPACs, which have accounted for 25% of US IPOs in 2024, generating significant fees for Wall Street.
From @Breakingviews: The mania for SPACs may be over, still, they have accounted for a quarter of all US IPOs this year, ensuring a steady drip of fees for investment bankers. A redesigned SPAC structure would provide a useful exit route, says @jgfarb https://t.co/WQhCrcwb5t https://t.co/cCpBqh4Oal
From @Breakingviews: The trend for SPACs may have slowed, but they still account for 25% of US IPOs in 2024, generating fees for Wall Street. Adjustments to the process could help SPACs find merger partners more easily, explains @jgfarb https://t.co/pawL3g1uHm https://t.co/aZ1q3nIBYm
Breakingviews - Buyout shops would cash in redesigned blank checks https://t.co/cPo0WEeqMi https://t.co/cPo0WEeqMi
