Its very hard for one person, one company or one organization to have all of the parts. Nominate a future leader who is redefining the standard of hospice care. NEW YORK, Oct. 25, 2021 /PRNewswire/ --Wellspring Capital Management ("Wellspring"), a leading private equity firm headquartered in New York, announced today that it has partnered with management to complete the acquisition of Caring Brands International, Inc. ("CBI" or the "Company"). Oppenheimer & Co. Inc. Sells 31,220 Shares of Amazon.com, Inc. (NASDAQ:AMZN), Enstar Group Limited (NASDAQ:ESGR) Holdings Increased by Credit Suisse AG, Get a free copy of the StockNews.com research report on Amazon.com (AMZN). Wellspring Capital Management is a leading private equity firm headquartered in New York. Massive opportunities to build a better world. Patersons Nevada location increases access to the West, strengthening our national footprint. The fund owned 10,349 shares of the e-commerce . Founded in 1992, NSM has grown into North Americas premier Complex Rehab Technology provider, with, New York and Cincinnati Wellspring Capital Management today announced that its portfolio company ProAmpac has entered into an agreement to acquire Coating Excellence International (CEI), a flexible packaging and technical products company based in Wrightstown, Wisconsin. We have been strong advocates of high-quality home-based care providers that enable seniors, individuals with medically complex care needs, and others with disabilities to live independently in their homes, Naishadh Lalwani, a partner at Wellspring, said in a press release. The private equity industry publication indicated that multiples in the deal were in the 11x to 12x range of the companys $45 million EBITDA. 1 of 2. Terms of the transaction were not disclosed. This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements. Wellspring's objective is to bring partnership, experience and value creation to each investment. The Caring Brands management team, led by Jennifer Sheets, has built an incredible business and the investment has been extremely successful for [all] stakeholders, Matthew Frankel, a managing partner at the firm, said in a statement. Lucky Strike is a leading creator and operator of entertainment venues, Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of Paragon Films, Inc. (Paragon or the Company), a leading manufacturer of high performance stretch film. CALGARY Alberta Premier Danielle Smith, weighing in on a limp hand clasp with the prime minister that went viral, says she never expected she would have to shake hands with him at a media . Financial terms of the transaction were not disclosed. Managing Director at Wellspring International Capital Partners, LLC 2d Report this post . Wellspring Capital Management is a leading private equity firm headquartered in New York. Founded in 1947, Hoffmaster is a leading, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into an agreement to sell its portfolio company ProAmpac, a leading global flexible packaging company, to Pritzker Group Private Capital. Since its founding in 1995, Wellspring has raised over $4 billion of initial capital commitments. NEW YORK Blackstone (NYSE:BX) and Wellspring Capital Management LLC (Wellspring) today announced that private equity funds affiliated with Blackstone have entered into a definitive agreement to acquire Tradesmen International, LLC (Tradesmen), the leading agency-based provider of outsourced skilled craftsmen to non-residential construction and industrial contractors in North America, from Wellspring. Why Wellspring Chose to Raise Capital in 2022 by Robert Lowe July 14, 2022 Today, Wellspring announced a significant capital raise. The companys franchise business model is unique in health care. Caring Brands was initially acquired by Levine Leichtman Capital Partners in the fall of 2015. We are Wellspring Capital Management Group LLC. Effective January 1, 2021:, Help at Home, a leading U.S. provider of home care and community-based services in 13 states, today announced that it has been acquired by a consortium that includes Centerbridge Partners (Centerbridge)and The Vistria Group (Vistria). Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments. Talk about your Friday news dump. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN Get Rating). Now, six years later, Wellspring is taking the reins. document.write(new Date().getFullYear()); But for Wellspring, the timing of a fundraise in 2022 was perfect. Bill Dawson is taking time off from his $2.2 billion private equity firm Wellspring Capital Management, which will investigate the claims of Dawson's threats, according to an internal memo seen. M&A activity began to pick up again early on in 2021, with Maryland-based Seniors Helpers acquired by Advocate Aurora Healths investment arm in April. Wellspring acquired OMNI in October 2010 in a take-private transaction valued at $122 million. Image by Nattanan Kanchanaprat from Pixabay, 2023 Wellspring Worldwide. Their most recent investment was on Jan 1, 2020, when Steele Solutions raised Cadence Petroleum Group was formed in 2018 through the, Wellspring Capital Management Group LLC (Wellspring), a New York-based private equity firm, announced that on May 29, 2020, it closed the acquisition of Steele Solutions, Inc. (SSI or the Company), a value-add supplier into the industrial automation sector. Specializing in, March 9, 2022 HealthPRO Pediatrics is pleased to announce a significant expansion of its therapy services across the country. With 100 years of expertise and under the leadership of Joe Buckley, Paterson has built a strong reputation with its knowledgeable sales force and breadth of premium foodservice and baking industry products. Terms of the transaction were not disclosed. All Rights Reserved. Telsey Advisory Group cut their price target on shares of Amazon.com from $140.00 to $125.00 and set an outperform rating on the stock in a report on Tuesday, January 24th. Wellspring Financial Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 3rd quarter, HoldingsChannel reports. Terms of the transaction were not disclosed. When he's not writing about health care, he makes himself miserable by indulging in Chicago sports. HealthPRO Heritage provides therapy services under the HealthPRO Heritage, HealthPRO Heritage at Home, HealthPRO Pediatrics and Alternatives ABA brands. Caring Brands is headquartered in Sunrise, FL. Other hedge funds and other institutional investors have also made changes to their positions in the company. Wellspring formed ProAmpac in August 2015 through the merger of Prolamina Corporation and, NEW YORK Wellspring Capital Management LLC (Wellspring) today announced that it has entered into a definitive agreement to sell its portfolio company National Seating & Mobility (NSM) to Court Square Capital Partners. A global pandemic. The White House has released a statement from Joe Biden's doctor stating that the president had "cancerous tissue" removed. War in Ukraine. Private equity firm Wellspring Capital Management has reached a deal to acquire Caring Brands International, the parent company of Sunrise, Florida-based Interim HealthCare. Barclays upped their price target on shares of Amazon.com from $130.00 to $150.00 in a report on Friday, February 3rd. Our principal place of business is at 605 Third Avenue, 44th Floor, New York, NY ( "Wellspring Capital" or " we ", " us " or " our "). Franchise owners in the network range from large private equity investors to mom-and-pop startups, some of which have been in the owners families for two or three generations. Well, I think were the first organization in the country that now can say we own the full health care continuum.. Gamut Capital Management, L.P. (Gamut), a New York-based middle market private equity firm, led an equity investment in Hoffmaster through affiliates of its second institutional fund, Gamut Investment Fund II, L.P. Gamut will partner with existing shareholder, Wellspring Capital Management, L.P. (Wellspring), to complete the acquisition and support Hoffmaster in driving further value creation for its stakeholders. Zscaler, Inc Plummets, Is It Time To Buy The Dip? A Chicago-based journalist who has covered health care and public policy since 2000, his personal interests include fire performance, the culinary arts, literature, and general geekery. Financial terms of the agreement were not disclosed. According to data from MarketBeat, Amazon.com has a consensus rating of Moderate Buy and an average target price of $144.87. Lincoln International served as financial advisor, and Kirkland & Ellis LLP served as legal counsel to CBI with respect to the transaction. Over the past year and throughout 2021, delivery and access to high-quality home-based health care services has never been more essential, and it is rewarding to see such a positive market reaction, said Jennifer Sheets, president and CEO of Caring Brands International and Interim HealthCare Inc. We at [Caring Brands International] are fully committed to making the home the center of health care and helping more people gain the quality services they need.. Established in 2005, Just Better Care is one of Australia's largest accredited franchised providers of in-home home care services in Australia, delivering in-home social and lifestyle support services that enable people to live independently. March 30, 2023 Washington, D.C. Financial terms were not disclosed. Over the past 25 years, Wellspring has invested in over 45 platform investments across various segments of the U.S. and global economies. The company in 2020 ranked No. Financial terms of the transaction were not disclosed. *Updating customer records after each interaction. Financial terms of the transaction were not disclosed. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments through six private equity funds. In other news, VP Shelley Reynolds sold 3,500 shares of the firms stock in a transaction that occurred on Tuesday, February 21st. Given the specter of inflation and recession, much has been written lately about the funding environment. Wellspring Capital Management is a leading private equity firm headquartered in New York. Wellspring is committed to integrating ESG at the firm and throughout the investment life span of its portfolio companies. In this column, we present a variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, industry partnerships, customer wins, rumors and . The firm had revenue of $149.20 billion for the quarter, compared to analyst estimates of $145.72 billion. Hoffmaster will assume operations for Paterson as part of its family of production facilities. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. HOFFMASTER MEDIA CONTACTBree Gaber Help at Home which provides home care to 67,000 clients through its 169 locations in 13 states is reportedly attempting to go public by years end. Wellspring Capital Management is a leading private equity firm headquartered in New York. March 4, 2023 01:01. NEW YORK Wellspring Capital Management LLC (Wellspring), a New York-based private equity firm, today announced that it has closed the acquisition of SupplyOne Inc., a leading value-added distributor and converter of packaging products. Following the sale, the vice president now owns 119,780 shares of the companys stock, valued at approximately $11,368,319.80. First, the world is counting on innovation more now than at any point in the past half-century (at least). Financial terms of the transaction were not disclosed. Marketing Communications Manager The deal, announced early Monday, is yet another example of PE players becoming more involved in the home-based care space, especially when it comes to home care franchise organizations. Since its founding in 1995, Wellspring has raised over $4.0 billion of initial capital commitments through six private equity funds. North Shore business briefs. Russia loses major tank battle for Vuhledar due to ambushes NYT. About Wellspring Capital Management, ST. LOUIS & BOSTON & NEW YORK(BUSINESS WIRE)Vatterott Educational Centers, Inc. (Vatterott or the Company) today announced that TA Associates (TA) and management have entered into an agreement to acquire the Company from Wellspring Capital Management (Wellspring). In this post, Id like to focus on the bigger picture why it made sense to raise a fresh round of capital, why 2022 was the right time, and why Im deeply excited for Wellsprings future. Cision Distribution 888-776-0942 Wellspring, previously the majority owner of Help at Home, retained a minority stake after selling the business to Centerbridge Partners and The Vistria Group in November 2020. I think they like the prospects for the continued growth [in this space].. Finally, Worth Asset Management LLC bought a new position in shares of Amazon.com in the first quarter worth about $191,000. Founded, MONTREAL, CANADAWellspring Capital Management and Harold Bevis, Chairman and Chief Executive Officer of Packaging Solutions Holdings, announced that Packaging Solutions Holdings has acquired Excel Pac, a leading flexible packaging manufacturer in the food, dairy and pet food markets from Vincent Musacchio. To learn more about Hoffmaster, visit www.hoffmaster.com. The acquisition will encompass Packaging Dynamics extrusion laminating, 10-color, EAST BLOOMFIELD, NYWellspring Capital Management LLC and Pamlico Capital today announced that Wellspring has acquired Crosman Corporation from Pamlico. The past few years have been intensely disruptive. We are thrilled to add Caring Brands to the Wellspring portfolio, Alexander Carles, co-president of Wellspring Capital, said in the press release. Since its founding in 1995, Wellspring has raised over $4.5 billion of initial capital commitments. EXPLORE WELLSPRING'S 2021 ESG REPORT READ THE WELLSPRING ESG POLICY To learn more, please visit www.gamutcapital.com. Wells Fargo & Company dropped their target price on shares of Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. There have been four major home care franchisers acquired in 2021, with PE buyers driving three of those transactions. Theyre also comfortable with international expansion, which is a whole different set of expertise., Bluebird Care, Caring Brands International, Help at Home, Interim Healthcare, Just Better Care, Levine Leichtman Capital Partners, The Braff Group, Wellspring Capital Management. Wellspring Capital has raised over $4.5 billion of initial capital commitments through six private equity funds. Paterson Pacific Parchment Company - Wellspring Capital. We have a head start in assembling a vast corpus of actionable data from across the worldwide innovation landscape everything from research projects to startups to product development and beyond. In addition to hospice and palliative care, the companys franchisees provided home health care, home pediatric care, health care staffing and senior care services. Wellspring Capital Management is a leading private equity firm headquartered in New York. Youve got the Choose Home legislation, and that looks pretty solid right now. Aspen Education Group is an American company specializing in providing therapeutic interventions for adolescents and young adults, including wilderness therapy programs, residential treatment centers, therapeutic boarding schools, and weight loss programs. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Most of those transactions took place around 2015 and 2016, however, with just a handful happening since then. CBI's branches and franchisees offer individuals and strategic partners a full continuum of care including skilled nursing, assistance with daily living activities and end-of-life hospice care. Wellspring Capital Management has acquired 38 organizations. Science and innovation will be key to lighting the path to a brighter future. Such statements are based on managements current reasonable and good faith expectations. Breitbart Africa, by Amy Furr Original Article. Wellspring Capital Management, founded in 1995, is a leading middle-market private equity firm that manages more than $4.4 billion of private equity capital. To support the acquisition, Hoffmaster has secured new financing commitments and strategic capital to refinance its capital structure.