PE Today: Investors Rally Around Software in Healthcare, Events and Logistics

Read the top headlines from Thursday, March 31, 2022 below:

THL Partners Acquires Healthcare Data Company

Thomas H. Lee Partners (THL) announced it reached an agreement to acquire Intelligent Medical Objects, a healthcare data and software company, from growth investor Warburg Pincus. The private equity firm did not disclose financial terms of the agreement. In a press release, THL said that its investment in the company will fuel product development and help drive new relationships between Intelligent Medical Objects and its hospital and health care provider clients.

Riverside Makes Investment in Australian Events Management Business

Private equity firm The Riverside Company announced its investment in an Australia-based events management software company, EventsAIR. In a statement, Riverside managing partner Simon Feiglin described the investment as “a highly compelling opportunity” to drive further growth in EventsAIR and expand its global operations. The investment will also go towards growing the company’s management team, Feiglin added. According to Riverside’s announcement, EventsAIR is looking to grow across North America and Europe, and to add new features and functionality to its events planning and management solutions. Riverside also pointed to M&A opportunities “by targeting complementary event tech players or expanding into attractive adjacencies.”

Kidd & Company, Firmament Exit Shipping Software Biz Logistyx

Family office investor Kidd & Company, and private investment firm Firmament, have announced the sale of Logistyx Technologies, a shipping software company, to E2open Parent Holdings for $185 million. According to a press release, Logistyx’s parcel management technology complements E2open’s cloud-based supply chain management services. Kidd & Company first formed Logistyx in 2017.

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