Akili Interactive Completes Business Combination With Social Capital Suvretta Holdings Corp. I

Virtual Therapeutics Acquires Akili Interactive

July 2, 2024

Medical Devices

Virtual Therapeutics completed a tender offer to acquire all outstanding shares of Akili, Inc. for $0.4340 per share, with approximately 88.2% of Akili's shares tendered. Following acceptance of the tendered shares, Virtual Therapeutics' wholly owned subsidiary Alpha Merger Sub will merge into Akili, making Akili a wholly owned subsidiary and prompting Nasdaq delisting and deregistration.

Federal Street Acquisition Corp. and Thomas H. Lee Partners Complete Business Combination with Agiliti Health

January 4, 2019

Healthcare Services

Federal Street Acquisition Corp. (sponsored by an affiliate of Thomas H. Lee Partners) completed a business combination with Agiliti Holdco, the holding company of Agiliti Health, creating Agiliti, Inc. The combined company has an implied enterprise value of approximately $1.74 billion, with entities affiliated with Thomas H. Lee Partners and management holding majority ownership; Irving Place Capital was the prior owner of Agiliti Health.

Blackstone Products Becomes Public Through Business Combination With Ackrell SPAC Partners

December 23, 2021

Consumer Products

Blackstone Products entered into a definitive business combination agreement with Ackrell SPAC Partners I Co. to become a publicly traded company. The deal includes expected gross proceeds of up to $281 million (including a $31 million PIPE and $111 million of convertible notes) and is expected to close in Q2 2022, subject to customary conditions.

Accel-KKR Acquires Majority Stake in Surgical Information Systems; Norwest Retains Minority

October 19, 2020

Healthcare Services

Accel-KKR completed a majority equity investment in Surgical Information Systems (SIS) on October 15, 2020, in a recapitalization that sees Norwest Equity Partners retain a minority ownership stake and invest alongside Accel-KKR. The transaction will support SIS’s growth and accelerate adoption of its cloud-based EMR and perioperative SaaS offerings for ambulatory surgery centers and hospitals; financial terms were not disclosed.

Sunlight Financial Completes Business Combination with Spartan Acquisition Corp. II

July 9, 2021

Payments & Fintech

Sunlight Financial closed its previously announced business combination with Spartan Acquisition Corp. II, creating Sunlight Financial Holdings Inc., which will begin trading on the NYSE under the ticker SUNL. The transaction was supported by Spartan's cash-in-trust and a $250 million PIPE from institutional and accredited investors; Spartan is sponsored by funds managed by an affiliate of Apollo Global Management.

Nordic Capital Acquires Majority Stake in IntegriChain from Accel-KKR

November 8, 2023

Cloud & SaaS

Nordic Capital has agreed to acquire a majority share in IntegriChain, a Philadelphia-based provider of a data-driven commercialization and market-access platform for the pharmaceutical industry, from Accel-KKR. The terms were not disclosed; closing is expected before year-end and is subject to customary regulatory and closing conditions.