Confluent Health, the Partners Group-backed musculoskeletal health company that was exploring a sale in 2024, ended the process late last year, said three sources familiar with the process. Louisville, Kentucky-based Confluent, which marketed itself off around USD 150m in EBITDA, was looking to recap its minority investors, with Partners Group retaining its majority share, two of the sources said. Given market conditions and interest rates, the numbers did not make sense for a minority recap, they added, and since Partners was under no pressure to transact, the limited process quietly wound down late last year.
Read the full article: Partners Group Shelves Confluent Health Stake Sale Process – Sources //
Source: https://ionanalytics.com/insights/mergermarket/partners-group-shelves-confluent-health-stake-sale-process-sources/