M&A Deal Summary

Ardian and Innovative Renal Care Acquire American Renal Associates

On October 2, 2020, private equity firm Ardian and Innovative Renal Care acquired healthcare services company American Renal Associates for 853M USD

Acquisition Highlights
  • This is Ardian’s 14th and Innovative Renal Care’s 1st transaction in the Healthcare Services sector.
  • This is Ardian’s 36th and Innovative Renal Care’s largest (disclosed) transaction.
  • This is Ardian’s 53rd and Innovative Renal Care’s 1st transaction in the United States.
  • This is Ardian’s 1st and Innovative Renal Care’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2020-10-02
Target American Renal Associates
Sector Healthcare Services
Buyer(s) Ardian
Innovative Renal Care
Deal Type Add-on Acquisition
Deal Value 853M USD
Advisor(s) Goldman Sachs
BofA Securities (Financial)
Latham & Watkins
Richards, Layton & Finger PA (Legal)

Target

American Renal Associates

Beverly, Massachusetts, United States
website
American Renal Associates is a developer, owner and operator of outpatient kidney dialysis facilities in partnership with nephrologists. American Renal Associates was founded in 1999 and is based in Beverly, Massachusetts.

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Buyer(S) 2

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 374 of 417
Sector (Healthcare Services) 14 of 15
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 53 of 58
Year (2020) 16 of 24
Size (of disclosed) 36 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 INWIT

Rome, Italy

INWIT is a telco infrastructure business with over 11,000 infrastructure assets providing widespread coverage throughout the country, hosting the transmission equipment for all main national operators. INWIT plays a decisive role in delivering wireless mobile coverage within Italy’s territory and will follow through on this commitment in the future, adding new infrastructure to its portfolio as new, breakthrough technologies like 5G are under development. INWIT was founded in 2015 and is based in Rome, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Syclef

Rousset, France

Syclef designs, installs, and maintains refrigeration and air conditioning equipment and operates in the commercial refrigeration, food processing, and air conditioning markets. Its diversified portfolio of recurring customers is composed of independent or integrated stores and of industrial specialists of the food market. Syclef was founded in 2003 and is based in Rousset, France.

Buy -
Buyer

Innovative Renal Care

Franklin, Tennessee, United States

website


Category Company
Sector Healthcare Services
DESCRIPTION

Innovative Renal Care is a provider of dialysis and kidney care center. Innovative Renal Care is based in Franklin, Tennessee.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Kidney Treatment Center San Antonio

San Antonio, Texas, United States

Kidney Treatment Center San Antonio operates a patient-centered renal dialysis company offering highly personalized care to patients across three dialysis centers in San Antonio. Kidney Treatment Center San Antonio is based in San Antonio, Texas.

Buy -