EQT and CPPIB Acquire Majority Stake in Waystar from Bain Capital
July 29, 2019
The EQT VIII Fund and Canada Pension Plan Investment Board (CPPIB) agreed to acquire a majority equity stake in Waystar, a cloud-based revenue cycle management provider, in a transaction valuing the company at $2.7 billion. Bain Capital Private Equity will retain a minority stake and will continue to support Waystar alongside the new investors to fund continued innovation and transformative M&A.
- Buyers
- EQT (EQT VIII Fund), Canada Pension Plan Investment Board (CPPIB)
- Targets
- Waystar
- Sellers
- Bain Capital Private Equity
- Industry
- Healthcare Services
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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