Securities and Exchange Commission officials highlighted a commitment to restoring trust in the agency and aggressive enforcement during the recent SEC Speaks conference.
See our alert for analysis of their comments and stated enforcement priorities, which addressed crypto markets, aggressive use of remedies, creditworthy cooperation, the Wells process, aggressive litigation, disgorgement efforts, municipal securities, gatekeeper…
Goldman Sachs Group has closed a $9.7 billion private equity fund, according to a Reuters report.
Through the fund, “West Street Capital Partners VIII,” the investment bank plans to invest an average of $300 million to take controlling stakes in companies in healthcare and other sectors.
Goldman Sachs stated that it intends to target…
BlackRock Long Term Private Capital (LTPC) will acquire Paradigm Oral Health from shareholders including InTandem Capital Partners, according to a news release.
Paradigm, based in Lincoln, Neb., is an oral surgery and digital dentistry platform. Founded in 2018, the company states that it has partnered with more than 100 surgeons who provide care…
Waud Capital Partners (WCP) has announced it has completed the sale of GI Alliance (GIA).
GIA, based in Southlake, Texas, is a gastroenterology practice management company. Founded in 2018 and formed in partnership with WCP, GIA states that it provides services to nearly 700 independent gastroenterologists operating in Texas, Arkansas, Arizona, Colorado, Florida, Illinois,…
On September 15, 2022, GOL Linhas Aéreas Inteligentes S.A. (GOL), Brazil’s second largest domestic airline, resolved long-running parallel investigations by the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).
The São Paulo-based company, whose shares are traded on the New York Stock Exchange, consented to a cease-and-desist order with the SEC finding that it violated the anti-bribery, books and records, and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA), and entered into a three-year deferred prosecution agreement (DPA) with DOJ to settle criminal charges for conspiracy to violate the anti-bribery and books and records provisions of the FCPA. The company will collectively pay $41.5 million in fines to the federal agencies and pay an additional $3.4 million in penalties and restitution to Brazilian authorities.
Latticework Capital Management has announced its acquisition of Catalina Research Institute (CRI).
CRI, based in Montclair, Calif., is a multidisciplinary clinical trials facility. Founded in 1997, the company specializes in the conduct of phase II through phase IV pharmaceutical drug studies.
Latticework, based in Dallas, makes control equity investments in the lower middle…
WindRose Health Investors has announced it has completed an investment in Third Wave Recovery Systems (TWRx).
TWRx, based in Las Vegas, is a pharmaceutical rebate manager. The company provides services to hospitals, long-term care (LTC) facilities and select specialty physician groups.
WindRose, based in New York, pursues control equity investments in healthcare companies.…
RELATED UPDATE: DOJ Announces “Pilot Program Regarding Compensation Incentives and Clawbacks” with Significant Ramifications for Corporations Facing Criminal Investigations (March 6, 2023)
On Sept. 15, 2022, U.S. Deputy Attorney General Lisa Monaco announced important guidance and new actions from the U.S. Department of Justice (DOJ or the Department) on corporate criminal enforcement. Her remarks, delivered at the New York University School of Law, echoed those McGuireWoods covered last fall regarding DOJ’s increased focus on individual accountability and corporate policing.
In short, the remarks reveal that the Biden administration continues to take an aggressive policy stance on the investigation and prosecution of corporate crime. However, Monaco acknowledged the reality that its current enforcement numbers do not reflect that aggressive posture.
Pharos Capital Group has announced it has invested in Renal Care 360°.
Renal Care 360°, based in Franklin, Tenn., is a nephrology practice and chronic care management company. Founded in 2018, the company partners with health systems, physician groups and local communities to provide community healthcare management services.
Pharos, with offices in Dallas…
LLR Partners has announced a growth investment in Vantage Point Logistics (VPL).
VPL, based in Westerville, Ohio, is a provider of supply chain management software for healthcare organizations. Founded in 2011, the company states it works with more than 700 hospitals, pharmacies and ambulatory surgery centers and more than 6,000 suppliers.
LLR, based…
