Abry Partners is raising a continuation fund to extend its control over Centauri Health Solutions, a software provider to the healthcare industry whose valuation has ballooned since 2020. The middle-market buyout shop is giving investors in Abry Partners Fund IX, which acquired Centauri in 2020, the option to sell their holdings to secondary investors or roll into a continuation fund, according to several people familiar with the matter. As much as $1 billion could be raised to buy Centauri out of its original fund, the people said. Centauri had an enterprise value of $325 million at the time of Abry’s acquisition in 2020, according to PitchBook data.
Read the full article: Abry Targets $1B Continuation Fund for Centauri Health //
Source: https://pitchbook.com/news/articles/abry-targets-1b-continuation-fund-for-centauri-health