Periscope Equity has announced it has invested in CyberMaxx through a recapitalization in partnership with management.

CyberMaxx, based in Nashville and founded in 2009, provides the healthcare industry with a suite of services designed to prevent, detect and respond to cyberattacks.

Periscope Equity, based in Chicago, is a lower middle market private equity firm focused on investing in technology-enabled service and software companies within healthcare and other sectors. Founded in 2013, the firm seeks to invest in companies generating $10 million to $50 million in revenue and with EBITDA of $2 million to $8 million.

Terms of the investment were not disclosed.

RoundTable Healthcare Partners has announced it has acquired American Optics and Replacement Parts Industries (RPI).

American Optics, headquartered in Wellesley, Mass., is an engineering, manufacturing, assembly and distribution business for replacement components used in the repair of flexible and rigid endoscopes and new components used by original equipment manufacturers in endoscope manufacturing.

RPI, headquartered in Simi Valley, Calif., engineers, manufactures and distributes parts for medical, hospital, dental and laboratory equipment.

Through the acquisitions, RoundTable announced it had established Healthcare Components Group (HCG), a platform for the medical component, replacement and new parts market.

RoundTable Healthcare Partners, based in Lake Forest, Ill., is an operating-oriented private equity firm focused exclusively on the healthcare industry. Founded in 2001, the firm targets middle market investments in medical devices, medical products and disposables; specialty pharmaceuticals; medication delivery systems; specialty distribution; and complementary outsourced services.

Terms of the acquisitions were not disclosed.

HCAP Partners has announced it has invested in Myndshft.

Myndshft, based in Mesa, Ariz., is a provider of medical benefits check and electronic prior authorization software solutions. Founded in 2018, the company works with providers, payers and health information exchanges.

HCAP Partners, based in San Diego, is a private equity firm that provides growth capital to lower middle market companies throughout California and the Western United States. Founded in 2000, the firm seeks to invest $2 million to $15 million in businesses generating between $10 million and $100 million in revenues in healthcare and a few other industries.

Terms of the investment were not disclosed.

Avista Capital Partners has announced it will sell Arcadia Consumer Healthcare to Bansk Group.

Arcadia, based in Bridgewater, N.J., is a provider of over-the-counter medicines, vitamins and nutritional supplements. Among its flagship brands: Nizoral, NATURELO, Kaopectate, Fungi-Nail and Opti-Nail. The company was formerly known as Kramer Laboratories.

Avista Capital Partners, based in New York, makes control buyout investments in middle market healthcare companies. Founded in 2005, the firm focuses on the following healthcare subsectors: pharmaceuticals, medical devices, outsourced pharmaceutical services, distribution and consumer-driven healthcare.

Bansk Group, based in New York, is a private equity firm focused on consumer buyouts and growth investing. Founded in 2019, the firm pursues investments in four primary consumer categories: household products, beauty and personal care, consumer health, and food and beverage.

Terms of the transaction were not disclosed.

Cressey & Co. has announced a significant growth investment in Home Care Pulse.

Home Care Pulse, based in Rexburg, Idaho, is a provider of satisfaction management, training, and performance benchmarking solutions. Founded in 2008, the company supports the home care industry and other post-acute end markets.

Cressey & Co., with offices in Chicago and Nashville, seeks control and minority equity investments exclusively in healthcare. Established in 2008, the firm considers a wide range of investments in middle market companies.

Terms of the investment were not disclosed.

Aquiline Capital Partners has acquired Avera eCare from Avera Health, according to a news release.

Avera eCare, based in Sioux Falls, S.D. is a telemedicine services provider. The company reports that it is partnered with more than 600 healthcare systems, rural hospitals, outpatient clinics, long-term care facilities, assisted livings and schools across the country.

Avera Health is a regional health system based in Sioux Falls, S.D.

As part of the acquisition, Aquiline has carved out Avera eCare and renamed the company Avel eCare.

Aquiline Capital Partners is a is a private investment firm with its U.S. operations based out of New York. Its private equity team targets investments in several industries. Investments typically falling in the range of $20 million to $200 million, either funded all at once or over time.

Terms of the acquisition were not disclosed.

Hughes & Company has announced it has closed its first private equity fund, Hughes Growth Equity Fund I, at $116 million.

This figure exceeds the original target of $100 million.

Based in Chicago, Hughes & Company seeks control and minority equity investments exclusively in healthcare software and technology-enabled services companies, Founded in 2011, the firm has wide flexibility on investment size and targets low to middle market companies with between $10 million and $50 million in revenue.

Hughes & Company made its first investment from the fund in December 2020 in Azara Healthcare, a population health management software provider.

McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our series of profiling women leaders in private equity. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity in a way that best challenges and motivates them, which these impressive women have all done. We are pleased to feature Julia Senior of M/C Partners . Access her profile.

To recommend a woman for a future interview, email Amber Walsh at

RiverGlade Capital has announced it completed three investments in the first half of 2021.

RiverGlade Capital, based in Chicago, makes control and select minority equity investments in lower middle market healthcare companies. Founded in 2017, the firm prefers to make more substantial investments from a dollars perspective.

Terms of the investments were not disclosed.

Bain Capital Private Equity has announced it will acquire PartsSource from Great Hill Partners.

PartsSource, based in Aurora, Ohio, is an online marketplace for medical equipment maintenance parts and services. Founded in 2001, the company states that it supports 3,000 member hospitals and more than 15,000 clinical sites.

Bain Capital Private Equity, based in Boston, focuses on making control and minority equity investments and prefers to make more substantial investments from a dollars perspective. Founded in 1984, the firm invests in healthcare and several other industries, targeting companies with revenue of at least $100 million. Within healthcare, Bain Capital Private Equity targets companies in the provider services, hospital/major facilities, life sciences/pharmaceutical and non-reimbursement industries.

Great Hill Partners, based in Boston, seeks to invest in middle market companies in several sectors, including healthcare technology. Founded in 1998, the firm typically invests $25 million to $200 million in equity in each investment, targeting companies with an enterprise value of $25 million to $500 million.

Terms of the transaction were not disclosed, although the Wall Street Journal reported that the deal values the company at about $1.25 billion.