M&A Deal Summary

EQT Acquires GeBBS Healthcare Solutions

On September 9, 2024, private equity firm EQT acquired business services company GeBBS Healthcare Solutions from ChrysCapital

Acquisition Highlights
  • This is EQT’s 11th transaction in the Business Services sector.
  • This is EQT’s 58th transaction in the United States.
  • This is EQT’s 11th transaction in California.

M&A Deal Summary

Date 2024-09-09
Target GeBBS Healthcare Solutions
Sector Business Services
Buyer(s) EQT
Sellers(s) ChrysCapital
Deal Type Secondary Buyout

Target

GeBBS Healthcare Solutions

Culver City, California, United States
GeBBS Healthcare Solutions (GeBBS) specializes in revenue cycle management, health information management (HIM), and medical billing services. The company offers services designed to help US-based healthcare providers, including hospitals, health systems, and physician practices, improve their financial performance by optimizing revenue cycle processes and ensuring accurate coding and billing practices. GeBBS Healthcare Solutions was founded in 2005 and is based in Culver City, California.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 310 of 317
Sector (Business Services) 11 of 11
Type (Secondary Buyout) 94 of 97
State (California) 11 of 11
Country (United States) 58 of 59
Year (2024) 15 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-16 KJ Environment

South Korea

KJ Environment is a waste treatment platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-18 Open Systems

Zurich, Switzerland

Open Systems is one of the major Secure SD-WAN-as-a-service providers in Europe and the US. Open Systems secures and monitors IT networks and business-critical applications for global enterprises, NGOs, and institutions. Open Systems was founded in 1990 and is based in Zurich, Switzerland.

Sell -

Seller(S) 1

SELLER

ChrysCapital

Port Louis, Mauritius

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ChrysCapital Management Co. is a private investment firm focused on opportunities in India. ChrysCapital looks for companies with revenues of $50 million to $1 billion and can commit up to $250 million of equity per transaction. Target sectors include business services, consumer goods and services, financial services, healthcare and pharmaceuticals. Prospective transactions include growth investments in private and listed companies, special situations, co-investments, and management buyouts/buy-ins. ChrysCapital was formed in 1999 and is based in Port Louis, Mauritius.


DEAL STATS #
Overall 32 of 32
Sector (Business Services) 5 of 5
Type (Secondary Buyout) 7 of 7
State (California) 2 of 2
Country (United States) 4 of 4
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Eris Lifesciences

Ahmedabad, India

Eris Lifesciences is a formulations company with a strong presence in chronic and lifestyle therapies such as anti-diabetes, cardiology, nutrition, and neuropsychiatric. Eris Lifesciences was founded in 2007 and is headquartered in Ahmedabad, India.

Sell Rs11.9B