Private equity firm Clearview Capital has agreed to exit US behavioural healthcare provider Advantage Behavioral Health (ABH) in a transaction financed through the municipal bond market, according to a report by Bloomberg. The Connecticut-based buyout firm is selling the New Jersey-headquartered operator of mental health centres and sober-living facilities to nonprofit organisation QCF/I, Inc., which is funding the acquisition through a planned $610 million non-rated municipal bond issuance. Under the terms of the deal, Clearview, together with ABH’s founders and management team, is expected to receive approximately $415m at closing, with the potential to earn an additional $100m if the business achieves agreed performance milestones.
Read the full article: Clearview Capital Exits Behavioral Healthcare Platform through $610M Muni Bond-Backed Sale //
Source: https://www.privateequitywire.co.uk/clearview-capital-exits-behavioural-healthcare-platform-through-610m-muni-bond-backed-sale/