Holland & Knight 2024 Private Equity Year in Review
Holland & Knight is proud to share its 2024 Private Equity Year in Review, highlighting the firm’s continued leadership and strategic growth in the market. Building on decades of experience, Holland & Knight provides a premier platform for middle-market private equity transactions, advising more than 315 clients in over 500 transactions in the last year alone. Our attorneys combine experience, innovation and client-centricity to drive the business goals and objectives of clients. Their hard work resulted in many successes for our clients and firm, including ranking among the top five most active law firms in the world for private equity transactions and recognition as the Americas Private Equity Law Firm of the Year by the Global M&A Network.
In 2024, Holland & Knight bolstered its private equity practice with the addition of 35 talented attorneys, further expanding its capabilities and breadth of services. These strategic hires have enhanced the firm’s ability to meet the complex and evolving needs of our clients, particularly in the healthcare space.
At Holland & Knight, we pride ourselves on seamlessly blending the depth and breadth of knowledge that is characteristic of a large, seasoned law firm with the personalized touch and client-centric ethos associated with boutique firms. Our firmwide Industry Sector Initiative enables our private equity attorneys to provide support with a thorough understanding of relevant industries, allowing clients to identify and capitalize on opportunities while evaluating and mitigating risks unique to their businesses or target industries.
Holland & Knight continues to demonstrate commitment to thought leadership and client support within the private equity community. Through a series of innovative events and targeted training and development programs for private equity clients, founders and other key stakeholders, we provide invaluable opportunities for our clients to deepen their industry knowledge and enhance strategic relationships.
Holland & Knight remains committed to adding value through strategic introductions and referrals of tailored investment opportunities developed through HK Deal FlowSM, an innovative, proprietary platform designed to enhance and supplement the deal-sourcing strategy of our clients. Since its inception, HK Deal FlowSM has facilitated over 1,500 introductions and sources more than 400 deals each year.
As we look back on the past year, we are thankful for our clients, friends and referral sources and are proud of all that we have achieved together. We hope this Private Equity Year in Review offers valuable perspectives on market trends and showcases our shared achievements in 2024.
We look forward to working with you in 2025!
Sincerely,
The Holland & Knight Private Equity Team
Holland & Knight provides a premier platform for middle-market private equity transactions. We combine our awareness of current market dynamics, ability to think like entrepreneurs and consummate client focus to drive the business goals and objectives of private equity firms, their portfolio companies, family offices, independent sponsors and other investors across industries and transaction types. In 2024, Holland & Knight helped more than 315 clients close over 500 private equity transactions.
& Value
Breakdown
MARKET-LEADING RANKINGS
Holland & Knight continues to rank among the most active law firms in the world advising on private equity transactions in reputable benchmarking publications. The firm was also honored for its role in several transactions that were recognized with “Deal of the Year” awards.
MARKET-LEADING RECOGNITIONS
Private Equity Deal of the Year ($10M - $25M)
Private Equity Deal of the Year (Over $500M)
Utilities Deal of the Year
Financials Deal of the Year
Financials Deal of the Year (Under $500M)
Energy Deal of the Year (Over $100M)
Private Equity Law Firm of the Year
Private Equity Deal of the Year
Corporate Deal of the Year (Small to Mid Markets)
Chapter 11 Restructuring of the Year
ESOP Deal of the Year
Financials Deal of the Year
Finalist –
Finalist
Ranked Nationwide for Corporate/M&A: Highly Regarded
Ranked Nationwide for Private Equity: Fund Formation
Ranked Nationwide for Venture Capital: Fund Formation
Ranked in 8 U.S. Geographies for Corporate/M&A & Private Equity
28 Partners Recognized for Corporate/M&A & Private Equity
2 Partners Recognized for Fund Formation
Ranked Nationwide for M&A: Middle Market (Sub $500M)
Ranked Nationwide for Private Equity Buyouts: Middle Market (Up to $500M)
Ranked Nationwide for Venture Capital & Emerging Companies
Ranked in Latin America for Corporate & M&A
DEAL SPOTLIGHT
Platform Acquisitions
Madison River Capital Recapitalization of JDC Power Systems
Holland & Knight represented Madison River Capital (MRC), a lower middle-market private equity firm, in its $190 million recapitalization of, and $70 million equity investment in, JDC Power Systems (JDC), a leading electrical systems integrator exclusively serving the data center market. The transaction was recognized by The M&A Advisor as Utilities Deal of the Year and by Global M&A Network as USA Private Equity Deal of the Year (Middle Market).
The investment by MRC will support JDC’s continued growth and enhance career opportunities for its employees. By leveraging MRC’s capabilities, JDC will better serve its customers and capitalize on immense growth opportunities in the data center market.
Notably, Holland & Knight introduced MRC to the transaction opportunity through the firm’s HK Deal FlowSM program, which demonstrates commitment to adding value to client relationships beyond providing top-notch legal counsel.
DFW Capital Partners Investment in Bart & Associates
Holland & Knight attorneys across 13 offices represented DFW Capital Partners, a private equity investment firm, in its investment in Bart & Associates (B&A), a leading information technology (IT) systems integrator providing solutions to the federal government through six primary service offerings.
The acquisition represents a strategic move to propel B&A’s growth in the government IT services sector. Building on the strong foundation laid by B&A’s previous
partnership with private investment management firm Battle Investment Group, this new relationship positions B&A to accelerate its trajectory and unlock new opportunities. B&A will leverage DFW Capital Partners’ knowledge and experience in talent acquisition, business development, financial resources and strategic planning to help scale the business. B&A offers cloud migration, DevSecOps software delivery, application transformation, data science, human capital management and operational support.
Since January 2022, Holland & Knight has successfully advised DFW Capital Partners and its portfolio companies on 15 transactions.
Pamlico Capital Partners Recapitalization of Key Data Dashboard
Attorneys across 10 Holland & Knight offices and nine practices represented Pamlico Capital, a private equity firm focused on the lower middle market, in its recapitalization of Key Data Dashboard, a leading provider of mission-critical short-term rental (STR) data to professional property managers, destination marketing organizations, hotels and other stakeholders surrounding the vacation rental industry.
Key Data Dashboard’s benchmarking and business intelligence dashboards aggregate directly sourced data from more than 70 of the world’s top property management systems, providing historical, real-time and forward-looking market data for those seeking to understand hospitality trends.
Recently named to Inc.’s Founder-Friendly Investor List for the fifth time, Pamlico Capital has been focused on the lower middle market for more than 35 years. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target sectors, including communications, healthcare IT, information services, software and techenabled services.
River Associates Acquisition of Dollamur
A team of more than 20 Holland & Knight attorneys represented River Associates Investments, a Tennesseebased private equity firm focused on lower middlemarket companies, in its acquisition of Dollamur, the largest global manufacturer and distributor of highperformance competitive sports flooring.
Dollamur is known for its high-quality, portable sports mats, particularly its Flexi-Roll mats and Flexi-Connect mat connection system. The company serves various sports markets, including wrestling, gymnastics, cheerleading, martial arts and fitness, and is the preferred mat supplier for numerous top-level sports competitions globally, including in the U.S., Canada, Europe, Africa, South America, Asia and the Middle East. River Associates will provide capital and guidance as Dollamur executes on its next phase of growth.
In the last 12 months, Holland & Knight has advised River Associates and several of its portfolio companies in five transactions, including three platform acquisitions and two add-on acquisitions.
Exits
Blue Wolf Capital Sale of The State Group to Apollo Global Management Inc.
Holland & Knight lawyers across nine offices represented Blue Wolf Capital, a middle-market private equity firm, in its sale of a majority stake in The State Group, a leading provider of electrical, mechanical, robotics and automation services, to funds associated with Apollo Global Management Inc. (NYSE: APO), a high-growth, global alternative asset manager.
With the investment, The State Group, which was established in 1961 and is based in Tennessee, is well positioned to enhance its capabilities and meet the evolving needs of its customers as it scales and optimizes its North American operations.
Holland & Knight previously advised Blue Wolf Capital in its acquisition of a majority stake in The State Group in 2018 and more than five additional add-on acquisitions.
Warren Equity Sale of USA Water
A team of more than 30 Holland & Knight attorneys represented Warren Equity Partners in the sale of its portfolio company USA Water to Levine Leichtman Capital Partners.
Headquartered in Rosenberg, Texas, USA Water is a leading provider of operations and maintenance services for water and wastewater systems across the southeast U.S. Its industry-leading experience and comprehensive service offering play a critical role in ensuring the integrity, safety and reliability of clean, high-quality water access. Prior to the exit, the Holland & Knight team helped Warren Equity to establish the USA Water platform in 2020 and subsequently completed five add-on acquisitions prior to exit.
Warren Equity is a private equity firm based in Jacksonville, Florida, that invests in middle-market companies operating primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the infrastructure, utilities, industrial and business services sectors.
Riccobene Associates Family Dentistry Sale to Comvest Private Equity
Holland & Knight attorneys across six practices represented Riccobene Associates Family Dentistry, a dental support organization and a portfolio company of New York-based private equity firm The Beekman Group, in its sale to Comvest Private Equity.
In 2018, Beekman partnered with Dr. Michael Riccobene, DDS, to form a dental service organization to support Dr. Riccobene’s dental group Riccobene Associates Family Dentistry, originally founded in 2000. Riccobene Associates Family Dentistry, operated by BAF Management Services LLC through its subsidiaries and affiliates, is one of the largest dental service organizations in the Southeast Region and has more than 60 locations in North Carolina, South Carolina and Virginia.
Holland & Knight attorneys have been important counselors to Dr. Michael Riccobene and Riccobene Associates Family Dentistry since before its partnership with Beekman in 2018. The team has assisted the company in its growth and regulatory compliance and provided legal advice on day-to-day operational matters.
USA DeBusk Sale to H.I.G. Capital
More than 20 Holland & Knight attorneys across six offices represented USA DeBusk LLC, a leading national provider of industrial cleaning and infrastructure maintenance services and a portfolio company of First Reserve, in its sale to an affiliate of H.I.G. Capital, a leading global alternative investment firm.
With the sale, USA DeBusk plans to leverage H.I.G. Capital’s resources and experience to expand its capabilities and offerings. USA DeBusk’s executive team, led by CEO Andrew DeBusk, will continue to lead the company and remain significant shareholders. Headquartered in Texas, USA DeBusk provides a comprehensive suite of industrial cleaning and infrastructure maintenance services to a diverse, bluechip customer base across a broad range of end markets, including chemicals, renewable fuels, refining and power generation.
POWER PLAYS
In a year defined by strategic pivots and bold investments, private equity market participants navigated shifting economic conditions with agility and innovation. This section of the 2024 Private Equity Year in Review explores trends that shaped the industry, highlighting the hat trick of power plays that helped to define the year.
Revving Up Returns
In 2024, the automotive dealer and technology industries saw a continuation of existing trends while also experiencing new developments. Consolidation remains a theme in the dealer space, with many founder-owned dealerships feeling pressure to either expand to remain relevant or exit. Buyers are increasingly institutional (private equity or family office) or large or growing strategics.
The acquisition and implementation of proprietary customer relationship management technology is driving a major shift in how dealers approach sales. Growth in the electric vehicle market has remained steady within a constantly shifting regulatory framework and consumer driven environment, and demand for deals in areas such as heavy equipment, sport and performance vehicles and the used carspace continues to grow. The startup ecosystem for auto-related technology is robust and could represent the future of a more innovative and sustainable path for the industry.
Over the last year, Holland & Knight completed 16 private equity transactions in the automotive retail, heavy equipment and technology sectors. Among notable examples:
• A Holland & Knight team represented Open Road Capital (ORC), a leading investment firm specializing in the automotive sector and a partner of Bain Capital Credit, in its acquisition of Keeler Motor Co., a highly regarded automotive dealership group in New York. ORC also completed several additional bolt-on acquisitions for already established platforms.
• Firm attorneys advised Lithia Motors Inc. (NYSE: LAD), one of the largest automotive group retailers in the U.S., in its minority investment in Wheels, a leader in fleet management and mobility solutions and backed by Apollo Global Management (NYSE: APO), alongside Marubeni Corp.
• Holland & Knight provided counsel to the tech automotive startup Stella Automotive AI Inc., a pioneer of cutting-edge artificial intelligence (AI) technology that seamlessly connects customers with dealerships, in its most recent private placement from strategic investors.
Looking forward into 2025, we expect these trends to continue and are prepared for a degree of uncertainty relating to priorities of the new administration with regard to tariffs, among other things. We also expect to see more financial investors exploring non-control stakes in dealer groups. Finally, we anticipate a flurry of strategic and investment activity in the startup space.
Insuring Profits
In 2024, private equity investment in the insurance industry surged as firms sought to capitalize on stable cash flows, favorable regulatory shifts and evolving market dynamics. In addition, the sector’s ongoing digital transactions and significant increases in certain market segments have created a host of new investment opportunities. With rising interest rates and economic uncertainty driving demand for alternative capital sources, insurers and others in the space (i.e., agents, brokers, etc.) increasingly turned to private equity firms for strategic partnerships, recapitalizations and acquisitions. Key areas of focus included life and annuity providers, managing general agents, insurance brokerages, insurers and insurance technology (InsurTech) firms and reciprocal insurers, where private equity-backed innovation and operational efficiencies created new growth opportunities. As competition intensified, concerns over regulatory scrutiny and long-term risk exposure also shaped deal structures and investment strategies.
Holland & Knight’s private equity activity reflected this trend, with firm attorneys closing nearly 30 private equity transactions in the insurance sector. Further, to address the growing trend of consolidation, the firm bolstered its bench of practitioners with the additions of Partners in Dallas and Austin, New York and Philadelphia. Together, they bring a wealth of experience advising private equity firms and their portfolio companies on complex regulatory, compliance and transactional insurance issues.
As we launch into 2025, we expect private equity investments in the insurance sector to continue to accelerate. With strong tailwinds driving activity, Holland & Knight is well positioned to assist clients operating in the space.
Into the Spotlight
In 2024, the independent sponsor and search fund market saw continued expansion and involvement from many new participants in the space. As institutional investors continued their search for outsized returns, they focused increased levels of investment with these emerging managers and entrepreneurs, giving independent sponsors and search funds the capital certainty to pursue – and close – larger transactions with more reliability than in past years.
In addition to capital inflows from institutions, the profile of independent sponsors themselves continued to evolve in 2024. Although the bulk of independent sponsors continues to be veterans of buyout shops, we have seen an uptick in deals closed by sponsors who previously served as consultants, bankers and operators. In 2025, we expect more institutional investors to partner with qualified independent sponsors as they find ways to deploy dry powder; further, we anticipate continued growth in the independent sponsor ranks as sponsors with different backgrounds enter the market and buyout veterans become emboldened to strike out on their own. We also expect that “sponsor-friendly” institutions will get the lion’s share of the best deals. Independent sponsor firms with two or more professionals comprising the “independent sponsor” will continue to find greater success than those taking a lone-wolf approach. Investors will have more options to deploy capital with seasoned independent sponsors, which will lead to a continued tightening of underwriting criteria for debut deals.
The search fund market saw a substantial uptick in activity in 2024 in terms of new funds entering the market and increased investor interest, with our team assisting with the launch of more than 30 new funds. The top business schools have continued to expand their focus on entrepreneurship through acquisition, which has helped fuel the continued growth of the model. This expansion has led to increased competition for deal flow and pushed funds to develop new strategies for deal origination. Despite the increased competition and economic headwinds in 2024, we saw an increase in acquisitions and successful exits by our search fund clients. Additionally, the search fund investor base – a historically exclusive group – continued to expand with a number of new family offices, private equity funds and high-net-worth individuals pushing to gain market share. We expect these trends to continue in 2025.
VALUE THROUGH HK DEAL FLOWSM
Holland & Knight acknowledges the intense competition for deal flow, with a large amount of capital in the market pursuing a limited number of deals. In response, Holland & Knight established a complimentary service called HK Deal FlowSM in 2017. This proprietary service is designed to generate deal leads through the extensive and diverse network of Holland & Knight lawyers and professionals, investment bankers and other deal intermediaries. We strategically match these leads with clients and friends of the firm who are seeking opportunities.
The HK Deal FlowSM program also includes robust capital connection capabilities. We facilitate connections between independent sponsors seeking co-investors (equity and debt) and private equity funds looking for limited partner investors with our firm’s expansive network of family offices and other institutional investors. The result is a comprehensive matchmaking program that links a broad spectrum of acquisition, lending and investment opportunities to buyers, lenders and investors.
Impressive Growth
In 2024, Holland & Knight’s HK Deal FlowSM program achieved remarkable growth, solidifying its position as a premier program for connecting buyers, lenders and investors of all types with dealmakers and companies. The program experienced strong performance in a year where deal flow was unpredictable and slower across the industry. The number of deals sourced, deals shared and introductions made between buyers and sellers, as well as introductions between capital sources and co-investment opportunities, matched or exceeded 2023 levels. HK Deal FlowSM also grew the number of participants in the program, further enhancing its network reach and impact.
Success Story
Holland & Knight represented SkyKnight Capital in connection with a growth investment in Ampirical Solutions, a leading provider of engineering services and software for the power end-market. The HK Deal FlowSM program sourced this investment opportunity in from Bridgepoint Investment Bank, a relationship which has been developed by the HK Deal FlowSM team, partners throughout the firm and the entire Client Relations and Opportunities Team. Holland & Knight’s representation of SkyKnight was led by Partner Jordan Schneider, with assistance from Partners Aaron Slavens and William Sherman.
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EVENT HIGHLIGHTS
In 2024, Holland & Knight actively hosted or participated in more than 25 private equity-focused events, convening more than 1,100 professionals from nearly 600 private equity funds and investors, family offices, independent sponsors, search funds, investment banks and businesses. These gatherings fostered collaboration and insights across the private equity sector. Below, please find highlights from a few of the firm’s marquee events held throughout the year.
Building Blocks: Hot Topics in Private Equity
In November, Holland & Knight offered its first Building Blocks: Hot Topics in Private Equity program in Chicago. The firm welcomed more than 25 up-and-coming private equity professionals at the firm’s Chicago office for an afternoon of presentations on important topics and trends in dealmaking and private equity, followed by a cocktail and networking reception. The program was geared toward junior to mid-level associates and analysts from the private equity world who are interested in deepening their understanding of fundamental legal and tax aspects of dealmaking. In addition, the event provided an opportunity for young professionals in the dealmaking community to network, exchange ideas and forge meaningful relationships.
Presentation topics included:
deal structures and value trends in representations and warranties insurance (RWI)
purchase agreement fundamentals
AI trends and impacts in M&A
Holland & Knight will host its next Building Blocks: Hot Topics in Private Equity program in Miami on April 30, 2025. Be on the lookout for information about future Private Equity Building Blocks events to be held across the country.
Founders, Funders & Friends: 2024 M&A Outlook
In June, Holland & Knight’s New York office co-hosted Founders, Funders & Friends: 2024 M&A Outlook, an engaging and dynamic gathering of business owners, investors and industry professionals for a panel discussion and valuable networking opportunity. The event featured insightful discussions and presentations led by New York Partner Amy Leder and focused on key trends, strategies and challenges within the business and investment landscape.
Following the educational program, attendees connected during a networking session designed to foster meaningful relationships, encourage collaboration and facilitate conversations among entrepreneurs, investors and peers. The event served as an effective platform for sharing experiences, exchanging ideas and building lasting connections in an inclusive and professional environment. Approximately 70 guests, including clients and prospective clients, attended the discussion and networking reception.
Business Owners Strategy Summit
Holland & Knight recently began hosting a series of Business Owners Strategy Summits (BOSS) that brings together business owners for candid discussions with industry professionals who have extensive experience advising on business exits and growth investments.
The BOSS events typically include more than 30 business owners and feature M&A and private equity attorneys, wealth managers, investment bankers, private equity professionals and accountants, offering valuable insights into key aspects of the exit process, including:
• Financial Due Diligence and Legal Requirements – Preparing for buyer scrutiny and structuring deals effectively
• Investment Bankers and M&A Advisors – How to engage the right professionals to maximize value and ensure a smooth transaction
• Wealth Planning and Tax Strategies – Strategies to minimize tax liabilities and optimize financial outcomes
• Employee Retention and Incentives – Best practices for keeping key employees engaged during and after a sale
• Post-Liquidity Planning – How to effectively manage and preserve wealth following a business exit
To date, the firm has hosted BOSS events in Dallas, Los Angeles, Miami and New York, as well as Montgomery, Alabama, and Ft. Walton, Destin and Fort Lauderdale, Florida, where business owners were able to interact, gain critical perspectives on navigating the complexities of an exit and get access to the firm’s HK Deal FlowSM program.
MARKET OUTLOOK
HOT TOPICS & TRENDS
Growth in Private Credit
Private credit continues to emerge as a pivotal alternative lending solution in private equity transactions, with its market poised to surpass $2.6 trillion in global assets under management by the end of 2029. This growth stems principally from private equity sponsors, independent sponsors and other private companies increasingly turning to private credit providers for tailored, flexible financing solutions that traditional bank lenders often cannot offer due to stricter regulatory constraints and lower risk tolerances.
Unlike conventional debt structures, private credit offers bespoke terms, expedited timelines and the ability to accommodate complex capital structures, making it an attractive option for middle-market and large-cap deals alike. Private credit funds, like their private equity counterparts, often come with specialized knowledge and experience that can provide additional value to borrowers, especially those in the lower middle-market growth stages, and may allow borrowers greater flexibility in dealing with distressed situations.
The current economic landscape has further bolstered this trend. In a higher interest rate environment, private credit providers have demonstrated a willingness to absorb greater risk for potentially higher returns, particularly in sectors such as technology, healthcare and consumer goods, where private equity activity remains strong. Furthermore, the increased size and sophistication of private credit providers – bolstered by increased appetite from institutional investors – have allowed them to step into roles traditionally occupied by syndicated loans, especially in sponsor-backed leveraged buyouts and recapitalization and refinancing transactions.
As private credit further solidifies its role as a cornerstone of private equity financing, sponsors and borrowers must navigate the nuances of these arrangements, including covenants, pricing dynamics and intercreditor relationships. Holland & Knight is well positioned to effectively assist in structuring these deals to protect our clients’ interests while capitalizing on the agility and innovation private credit offers. In 2025 and beyond, private credit is no longer an alternative – it is a fundamental part of the private equity playbook.
Shift in Consumer Focus
Private equity firms are increasingly pivoting towards consumerfocused businesses as evolving consumer behavior and sectoral growth opportunities redefine investment priorities in 2025. Key areas such as health and wellness, direct-to-consumer brands and experiential retail are at the forefront of this trend, driven by rising consumer demand for personalized, accessible and meaningful experiences. This pivot reflects private equity’s strategic response to sustained macroeconomic resilience in consumer spending, even amid broader economic uncertainty. Sectors such as wellness tech, sustainable beauty and boutique fitness have proven to be recession-resistant, offering attractive returns for investors seeking long-term growth.
Direct-to-consumer brands, in particular, present high-value opportunities as they capitalize on data-driven strategies and consumer-centric engagement. Private equity firms are leveraging these models to scale brands rapidly while enhancing operational efficiencies. Similar, experiential retail – ranging from immersive flagship stores to event-driven shopping concepts – offers firms a unique way to meet consumer demand for memorable, in-person experiences that complement digital commerce.
This shift toward consumer-centric sectors requires a nuanced approach to legal considerations, including intellectual property protection, regulatory compliance and the structuring of investment vehicles that align with the high-growth but competitive nature of these markets. As private equity firms continue to prioritize innovation and adaptability, investments in consumer-focused businesses are expected to increase.
Surge in Healthcare Technology
Private equity investments in healthcare technology are expected to accelerate in 2025, fueled by investors’ desire to increase and diversify their healthcare exposure. As private equity continues to seek opportunities to invest directly in healthcare providers and physician practice management, the opportunity to invest in cash-flow-positive and mature technology solutions – with less regulatory scrutiny (for now) – presents a significant growth opportunity for investors. With global healthcare expenditures projected to rise by 10.4 percent in 2025, private equity firms are recognizing the strategic importance of funding scalable, tech-enabled solutions that address inefficiencies, enhance patient outcomes and reduce costs.
Private equity firms are increasingly investing in venture capital (VC)-backed startups as healthcare tech platforms are increasingly able to differentiate based on strong cash flows and positive earnings before interest, taxes, depreciation and amortization. Traditional healthcare technology opportunities such as revenue cycle management and telehealth continue to be attractive, while entirely new technologies carry the potential to rewrite the economics of entire subsectors, from virtual care, remote monitoring (traditionally low-margin), and AI-powered diagnostics and to advanced health data analytics.
Meanwhile, a number of VC-backed startups with promising technology but limited healthcare experience are struggling to break into the dense healthcare ecosystem. Private equity firms, particularly those with healthcare industry experience, and their healthcare portfolio companies are increasingly eyeing these opportunities for acquisitions – as are the growing number of corporate VC funds sponsored by large strategics throughout the healthcare ecosystem, from preeminent health systems to payers and even multinational dialysis providers.
Navigating these opportunities requires fluency not only in the intellectual property and technology of the target company, but also in the healthcare regulatory and contracting framework in which those companies’ current and future customers operate. Private equity investors must also account for subsector-specific risks – such as evolving compliance obligations under the Health Insurance Portability and Accountability Act (HIPAA) and U.S. Food and Drug Administration (FDA) oversight of digital health tools – and the rapidly evolving and new regulatory frameworks emerging with respect to AI. By strategically aligning capital with innovative healthcare technology solutions, private equity firms are poised to drive significant transformation in healthcare while achieving robust returns in a sector marked by resilience and exponential growth potential.
SEE YOU IN 2025
As we look forward to the year ahead, we are excited at the prospect of connecting with many of our cherished clients and friends at marquee events and conferences. The shared experiences, insightful conversations and collaborative spirit that these gatherings foster are invaluable to us. We eagerly await the opportunity to engage in meaningful discussions, exchange ideas and strengthen the bonds that make our professional relationships truly exceptional. We’ll see you soon!
SIGNATURE EVENTS
Private Equity Happy Hour Series
Dates TBA | Nationwide
Business Owner Strategy Summits
Dates TBA | Nationwide
Private Equity Building Blocks
October | Chicago, IL
Sips & Strokes Networking Reception
December | Miami, FL
VARIOUS DATES
ACG Conferences
Denver, CO | Alpharetta, GA | Houston, TX
Las Vegas, NV | Boston, MA | Beverly Hills, CA
Chicago, IL | Orlando, FL
JANUARY
J.P. Morgan Healthcare Conference
Jan. 13-16 | San Francisco, CA
AM&AA Winter Conference
Jan. 21-22 | Scottsdale, AZ
Women in Finance & Private Equity
Jan. 23 | Atlanta, GA
The Earnout’s 2025 Independent Sponsor Summit
Jan. 30 | Miami, FL
FEBRUARY
ACG South Florida Annual Healthcare M&A Panel Discussion
Feb. 27 | Ft. Lauderdale, FL
MIT ETA Summit
Feb. 28 | Cambridge, MA
MARCH
iGlobal 18th Independent Sponsor Summit & Awards
March 4-5 | Miami, FL
APRIL
Kayo Women’s Healthcare Private Equity Summit
April 7-8 | Chicago, IL
ACG DealMax Conference
April 7-9 | Las Vegas, NV
Wharton ETA Summit
April 17-18 | Philadelphia, PA
Private Equity Building Blocks
April 30 | Miami, FL
MAY
9th Annual Reps & Warranties and Transactional Liability Insurance ExecuSummit
May 6-7 | Uncasville, CT
JUNE
ACG Boston DealFest Northeast
June 10-11 | Boston, MA
SEPTEMBER
Private Equity Building Blocks September 18 | Chicago, IL
