Madison Dearborn to acquire stake in NextGen; Stone Point exits ARC Excess

Deal Wrap is updated as of 3 p.m. ET.

– Madison Dearborn Partners LLC agreed to acquire a stake in US-based healthcare software developer NextGen Healthcare Inc. Kirkland & Ellis LLP was Madison Dearborn Partners' legal adviser, and Goodwin Procter LLP was NextGen's legal adviser.

– Stone Point Capital LLC sold its stake in US insurance company ARC Excess & Surplus LLC.

– Strategic Value Partners LLC acquired a stake in US natural gas power plant operator Birdsboro Power LLC.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.