M&A Deal Summary

Advent Morro Equity Partners Acquires Puerto Rico A.S.C. Holding

On February 24, 2008, private equity firm Advent Morro Equity Partners acquired healthcare services company Puerto Rico A.S.C. Holding

Acquisition Highlights
  • This is Advent Morro Equity Partners’ 1st transaction in the Healthcare Services sector.
  • This is Advent Morro Equity Partners’ 5th transaction in Puerto Rico.

M&A Deal Summary

Date 2008-02-24
Target Puerto Rico A.S.C. Holding
Sector Healthcare Services
Buyer(s) Advent Morro Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Puerto Rico A.S.C. Holding

Puerto Rico
Puerto Rico A.S.C. Holding builds, owns, and operates ambulatory surgical centers (ASCs) and owns largest Ophthalmic ASC in Puerto Rico.

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Buyer(S) 1

Buyer
DESCRIPTION

Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $5 to $10 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.


DEAL STATS #
Overall 11 of 22
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
Country (Puerto Rico) 5 of 11
Year (2008) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Seven Seas Water

Tampa, Florida, United States

Seven Seas Water offers Water-as-a-Service(WaaS) solutions by providing outsourced water treatment and wastewater treatment and reuse solutions for governmental, municipal, industrial, property developer and hospitality customers. Seven Seas Water was founded in 1996 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-10 Quench USA

King of Prussia, Pennsylvania, United States

Quench USA is a water technology company that provides businesses with high-quality filtered water and other products enabled through its production, such as ice, coffee and tea. Quench systems are rented to its customers, and purify tap water using state-of-the-art technology, eliminating the need for environmentally-wasteful and expensive water delivery. Quench USA was formed in 1997 and is based in King of Prussia, Pennsylvania.

Buy -