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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Angelo Gordon Buys ClearBalance

ClearBalance funds interest-free patient loans

Angelo Gordon & Co. has purchased ClearBalance Holdings for an undisclosed amount.

San Diego-based ClearBalance has funded more than $500 million in patient loans since its founding in 1993. The loans allow patients to pay their medical bills in interest-free monthly installments. The company services more than 1.8 million patient accounts for about 250 healthcare providers.

Angelo's private equity group partnered with ClearBalance's management team for the deal.

The private equity group usually makes investments between $25 million and $125 million. The funding will be used to expand ClearBalance's services to more organizations.

Angelo Gordon, based in New York, is an investment adviser and investor.

 

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