The Rise Fund’s Acquisition of Blue Cloud Pediatric Surgery Centers

Kirkland & Ellis advised The Rise Fund on the deal.

The Rise Fund, TPG’s multi-sector global impact investing strategy, executed its acquisition of Blue Cloud Pediatric Surgery Centers, the largest operator of pediatric dental ambulatory surgery centers in the U.S.

The Rise Funds’ investment will support Blue Cloud’s expansion to meet the growing need for dental procedures requiring anesthesia nationwide, particularly for those in lower income communities and within special needs populations. Terms of the transaction were not disclosed.

The Rise Funds are a core pillar of TPG Rise, TPG’s global impact investing platform. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high potential, mission-driven companies that are focused on achieving the United Nations’ Sustainable Development Goals. 

Blue Cloud Pediatric Surgery Centers is the largest operator of pediatric dental ambulatory surgery centers (“ASCs”) in the US with 15 facilities across 6 states serving over 23,000 patients per year.

The Kirkland team was led by corporate partners Laura Sullivan (Picture) and Michael Weisser and associates Alana Siegel, Natalia Halista and Eli Markham, tax partner Jared Rusman and associate Liz Allison, and debt finance partners David Nemecek and Paul Rezvani and associates Justin Greer and Matt Stummer. 

Involved fees earner: Liz Allison – Kirkland & Ellis; Justin Greer – Kirkland & Ellis; Natalia Halista – Kirkland & Ellis; David Nemecek – Kirkland & Ellis; Paul Rezvani – Kirkland & Ellis; Jared Rusman – Kirkland & Ellis; Alana Siegel – Kirkland & Ellis; Matt Stummer – Kirkland & Ellis; Laura Sullivan – Kirkland & Ellis; Michael Weisser – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: The Rise Fund;