July 12, 2022: MidOcean Acquires Professional Training Provider
Plus, Court Square invests in West Coast Dental, and O2 Sponsor Finance backs Cairngorm portco acquisition
Read the top headlines from Tuesday, July 12, 2022 below:
MidOcean Acquires Professional Training Provider
Middle market private equity firm MidOcean Partners has announced via press release its investment in professional training provider Pragmatic Institute. The deal sees MidOcean acquire the company from its previous owners, Renovus Capital Partners and other investors. Pragmatic Institute specializes in product management training, “one of the fastest-growing roles in the global economy,” the announcement noted. In a statement, MidOcean Managing Director Elias Dokas said, “we believe there are numerous growth vectors for the business ahead – client roster expansion and penetration, new course offerings, and further global expansion to name a few.”
O2 Sponsor Finance Backs Cairngorm’s SageHome Acquisition of New Bath Today
U.K.-based private equity firm Cairngorm Capital Partners and its portfolio company SageHome have acquired New Bath Today, and the transaction was financed by O2 Sponsor Finance, according to a recent press release. Cairngorm first announced its partnership with SageHome, a Georgia-based business that provides solutions to deliver healthcare in the home via home modification services, in May. New Bath Today marks SageHome’s first acquisition, which will expand the company’s presence in the aging-in-place market with solutions like walk-in baths, the announcement noted.
Related content: Home Is Where the Care Is
Court Square Invests in West Coast Dental
California-based West Coast Dental, a provider of dental and orthodontic care, announced it secured an investment from middle-market private equity firm Court Square Capital Partners. With backing from the firm, West Coast Dental said it plans to expand access to its services across the communities in which it currently operates. Dr. Payam Sohrab, CEO and president of the company, pointed to Court Square’s “deep industry knowledge and successful track-record in working with founder and management-owned businesses.” Dr. Sohrab will remain CEO and president of the company following the transaction’s close, the announcement noted. The firm did not disclose financial terms of its investment.
