Less than three years after acquiring Sevitas (formerly Civitas) through a take-private transaction valued at $1.4 billion, Centerbridge Partners and Vistria Group are looking to sell a sizable minority stake in the provider of home- and community-based care for complex populations, multiple sources with knowledge of the process told PE Hub.
Off the back of the stake sale, and once a value for the company is set, a secondaries process will start. This process has yet to fully ramp up, but sources said both Centerbridge and Vistria plan to remain investors in Sevita through a continuation fund on a pro-rata basis. Read more.
