IFLR1000

EQT Partners $2.35 billion acquisition of Press Ganey

21/10/2016
Private acquisition
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$ 2.35 billion

Completed

21/10/2016

Overview:

  • Swedish private equity firm EQT Partners has completed its $2.35 billion acquisition of US-based Press Ganey.
  • The purchase was done through EQT equity fund EQT VII.
  • Press Ganey administers patient satisfaction surveys for hospitals.
  • This was EQT's first direct investment in the US.
  • The acquisition was first announced this past August.

Kurt Stumpo - Journalist

Jurisdictions:

United States
Sweden

Deal type:

Private acquisition

Practice areas:

Investment funds
Private equity
M&A

Industry sector:

Healthcare

Firms:
Latham & Watkins

Party: Press Ganey (Target)

Lawyers: Howard Sobel, Peter Handrinos

Richards Layton & Finger

Party: Press Ganey (Target)

Simpson Thacher & Bartlett

Party: EQT (Acquirer)

Lawyers: Jennifer Hobbs, Patrick Naughton, Robert Langdon

Sullivan & Cromwell

Party: Barclays (Financial adviser)

Party: Goldman Sachs (Financial adviser)

Lawyer: Stephen Kotran

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