Persistence Capital Partners Provides Growth Capital to Anova Fertility & Reproductive Health

Peloton Capital Management Invests in The Fertility Partners

August 4, 2020

Healthcare Services

Toronto-based Peloton Capital Management has made a significant growth investment in The Fertility Partners (TFP), a Canada-focused network of IVF and fertility clinics. The capital will support TFP’s launch and expansion across British Columbia, Manitoba, Ontario and Quebec and fund development of back-office, marketing and operational capabilities; terms were not disclosed.

Aurora Capital Partners Acquires Anova

January 24, 2026

Industrial Services

Aurora Capital Partners has acquired Anova, a global Industrial Internet of Things (IIoT) provider that offers hardware, managed connectivity and cloud software to monitor and manage industrial assets. Anova — which monitors more than 1.8 million assets for over 2,000 customers across 80+ countries — will remain led by its current management while Aurora plans to support product investment, international expansion and add-on M&A to grow the platform; Summit Partners is reported as the seller.

TPG Growth Makes Minority Investment in AnovoRx

January 12, 2022

Healthcare Services

TPG Growth has made a significant minority investment in AnovoRx Holdings, Inc. (Anovo), a specialty pharmacy and patient-support services provider that partners with biopharmaceutical manufacturers to deliver therapies to patients with rare and complex diseases. Financial terms were not disclosed; TPG said the investment will help Anovo expand its service offering, scale operations, and deepen relationships with manufacturer clients and patients.

NZ Super Fund, Pioneer Capital and Comprador Holdings Acquire 70% of Fertility Associates

December 31, 2021

Healthcare Services

A consortium comprising New Zealand Super Fund, Pioneer Capital and Comprador Holdings purchased a 70% stake in Fertility Associates in late 2021, with the remaining 30% retained by the company's doctors and management. The investors (with BNZ providing funding) intend to support Fertility Associates' continued growth, including expansion of fertility services into Malaysia and selectively across the Asia‑Pacific region.

US Fertility Acquires Ovation Fertility from Morgan Stanley Capital Partners

April 3, 2023

Healthcare Services

US Fertility, the physician-led fertility practice management platform backed by Amulet Capital Partners, has acquired Ovation Fertility from investment funds managed by Morgan Stanley Capital Partners. The deal combines Ovation’s IVF laboratories and ancillary services with US Fertility’s physician network to create a national fertility platform aimed at expanding access, sharing best practices, and improving patient outcomes; financial terms were not disclosed.

Morgan Stanley Capital Partners Recapitalizes Ovation Fertility from WindRose Health Investors

June 17, 2019

Healthcare Services

Investment funds managed by Morgan Stanley Capital Partners (MSCP) completed a recapitalization of Ovation Fertility, a Los Angeles–headquartered provider of IVF laboratories, genetic testing and embryo/egg storage. WindRose Health Investors, the prior majority sponsor, exited in the transaction while Ovation's management and physician shareholders retained roles to support continued organic and acquisitive growth.