In the midst of the coronavirus-inspired economic slowdown, Webster Equity Partners has launched a new gastroenterology platform, One GI, managing to clinch an all-equity deal for Tennessee’s Gastro One, PE Hub has learned. The Waltham, Massachusetts, private equity firm agreed to make an equity investment of approximately $22 million in Gastro One, reserving up to $80 million in total equity for the new platform, a source familiar with the transaction told PE Hub. Purchase price was not adjusted in the wake of the market downturn, the source noted.
Read the full article: Webster Forms Gastroenterology Platform via Equity-Only Deal for Gastro One //
Source: https://www.pehub.com/webster-forms-gastroenterology-platform-via-equity-only-deal-for-gastro-one