TPG Growth has agreed to acquire Russellville, Arkansas-based Denali Water Solutions, a provider of specialty waste and environmental recycling and disposal services.
The firms plan to kick off the process in the first quarter of 2020
The Goldman-run process could produce a deal as early as this month, a source said.
Yankee Global Enterprises, Sinclair Broadcast Group and Amazon have acquired the YES Network from Walt Disney for $3.47 billion. RedBird Capital, Blackstone and Mubadala Capital made equity investments in the transaction. YES is a regional sports network, broadcasting games, programs and specialty content for the New York Yankees, the Brooklyn Nets, Major League Soccer’s New York City FC and the WNBA’s New York Liberty.
The deal wraps up a competitive Moelis-run sales process for the Michigan provider of autism treatment services.
Sherrese Clarke Soares, founder of HarbourView Equity Partners, sets the tempo for women aspiring to the C-suite. We salute 10 accomplished professionals and their achievements in a hyper-competitive field of play.
Showing its conviction around the future growth potential of the behavioral health company, TPG underwrote the deal in all equity in the midst of a downturn.
The deal highlights the fact that PIPE investors in a SPAC are underwriting to different financial metrics than prospective PE buyers – leading to much larger valuations in some cases.
This theme is being embraced by investors across the spectrum and could be a boon for payors, providers and, most importantly, patients.
The deal also included a commitment by the joint venture of up to $250 million in new preferred equity capital over the next 18 months.