Charlesbank Capital Partners won the auction for NexPhase Capital Partners-backed Action Behavior Centers, multiple sources tell Axios.
Why it matters: This is the first major platform trade in autism treatment this year — the last being Cerberus Capital Partners' $400 million-plus buy of Abry Partners' Lighthouse Autism Center in 2021. With other investments in the specialty growing long in the tooth, others might soon test the market.