CVC Capital Partners Fund VII to invest in MedRisk
CVC joins up with existing investor Carlyle to form a new partnership with MedRisk and to accelerate growth and continue delivering best-in-class care to injured workers
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NEW YORK, Feb. 23, 2021 /PRNewswire/ CVC Capital Partners ( CVC ) announced today that CVC Fund VII has signed a definitive agreement to acquire a majority interest in MedRisk ( MedRisk or the Company ). MedRisk is a leading provider of managed physical medicine services for the workers compensation industry in the U.S. The Carlyle Group, MedRisk s current majority owner, will retain a significant stake and maintain joint control in partnership with CVC. The MedRisk team, including founder Shelley Boyce, Executive Chairman Mike Ryan and CEO Ken Martino, will reinvest in the Company.
Myanmar faces wider business fallout after Kirin retreat
Faris Mokhtar, Philip J. Heijmans and Chanyaporn Chanjaroen, Bloomberg
Feb. 10, 2021
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A demonstrator holds up a National League for Democracy (NLD) flag during a protest outside the Embassy of Myanmar in Bangkok, Thailand, on Feb. 1 2021.Bloomberg photo by Andre Malerba.
Myanmar s political upheaval is prompting global companies from Japan to Thailand to dial back operations in the country, spurring concern about a widening business fallout.
From beer maker Kirin Holdings Co. to an early backer of gaming firm Razer Inc., companies and investors are weighing the impact of a military coup that s thrust the once- thriving nation into a state of emergency. The turmoil is prompting multinationals like Thailand s biggest industrial developer to delay investment plans, a harbinger of things to come should the chaos deepen.
(Bloomberg) Bain Capital is expanding in Japan as competition intensifies among the world’s largest private-equity firms to win deals from businesses undertaking overhauls.The U.S. company increased its Tokyo headcount by 25% last year to more than 50 people, mainly by recruiting investment professionals, and is open to hiring more, Managing Director David Gross-Loh said. Bain put more than $2 billion into Japanese transactions during 2020, including a take-private deal by nursing-home provider Nichiigakkan Co.“While there is still uncertainty arising from the pandemic, we continue to see Japan as an extremely attractive investment destination,” Gross-Loh said by email.Carlyle Group Inc. and KKR & Co. have also been hiring in Tokyo as corporate Japan taps private equity firms to strengthen profit through measures such as divestments and management buyouts. Consumers’ changing behavior during the pandemic has only added to the pressure for companies to
Report: Luxembourg firm in talks to buy minority stake in Spurs
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A Luxembourg investment firm is in talks to acquire a minority stake in the Spurs, the Financial Times reported, citing people with knowledge of the discussions. Derrick White of the Spurs looks to pass to Keldon Johnson during a Jan. 30 game against the Grizzlies.Ronald Cortes /Contributor
A European investment firm is in talks to acquire a minority stake in the Spurs.
CVC Capital Partners of Luxembourg is seeking to purchase a limited partnership stake from one of the team’s existing minority owners, Sportico reported Friday.
A Spurs spokesman declined to comment.