M&A Deal Summary |
|
|---|---|
| Date | 2017-08-16 |
| Target | Duly Health and Care |
| Sector | Healthcare Services |
| Buyer(s) |
Ares Private Equity Group
Athyrium Capital Management |
| Sellers(s) | Summit Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 1.5B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 66 of 96 |
| Sector (Healthcare Services) | 5 of 8 |
| Type (Secondary Buyout) | 26 of 38 |
| State (Illinois) | 4 of 6 |
| Country (United States) | 57 of 82 |
| Year (2017) | 6 of 6 |
| Size (of disclosed) | 5 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-06 |
Ob Hospitalist Group
Greenville, South Carolina, United States Ob Hospitalist Group is a provider of 24/7 obstetric coverage, serving approximately 200 hospitals across 34 states. OBHG’s national network of over 1,100 skilled and dedicated obstetric physicians provides best‐in‐class critical care while improving patient safety and clinical outcomes. The Company’s specialized services benefit patients, physicians, payors, community OB/GYN groups, and hospitals, and supports long‐term growth for its partners. Ob Hospitalist Group was founded in 2006 and is based in Greenville, South Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-24 |
ReCommunity Holdings
Charlotte, North Carolina, United States ReCommunity is a recycling, recovery and repowering company that is focused on dramatically reducing the volume of land-filled waste through conversion into useful products such as recycled commodities, low-carbon energy, ReEngineered Feedstock, biofuels, and other value-added recycled products. ReCommunity Holdings was founded in 2011 and is based in Charlotte, North Carolina. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 2008 |
| PE ASSETS | 3.7B USD |
| Size | Large |
| Type | Sector Focused |
Athyrium Capital Management is a large asset manager focused on the healthcare sector. Athyrium invests in a wide range of financial instruments including royalties, structured credit, and equities as well as select special situations. Athyrium Capital was established in 2008 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 44 |
| Sector (Healthcare Services) | 5 of 9 |
| Type (Secondary Buyout) | 4 of 6 |
| State (Illinois) | 1 of 3 |
| Country (United States) | 22 of 39 |
| Year (2017) | 5 of 7 |
| Size (of disclosed) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-02 |
PharMerica
Louisville, Kentucky, United States PharMerica is a provider of pharmacy services and serves the long-term care, hospital pharmacy management services, specialty home infusion, and oncology pharmacy markets. PharMerica operates 96 institutional pharmacies, 20 specialty home infusion pharmacies, and 5 specialty oncology pharmacies in 45 states. PharMerica's customers are institutional healthcare providers, such as skilled nursing facilities, assisted living facilities, hospitals, individuals receiving in-home care, and patients with cancer. PharMerica was founded in 2006 and is based in Louisville, Kentucky. |
Buy | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-07 |
Biora Therapeutics
San Diego, California, United States Progenity helps patients and their families Prepare for Life, with medically relevant health information starting before conception, through pregnancy and adulthood. Using our highly-complex molecular diagnostic testing, healthcare providers can access the most advanced genomic technology to guide patient care at critical life stages. Progenity was founded in 2010 and is based in San Diego, California. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 214 of 281 |
| Sector (Healthcare Services) | 23 of 32 |
| Type (Secondary Buyout) | 34 of 56 |
| State (Illinois) | 7 of 9 |
| Country (United States) | 192 of 243 |
| Year (2017) | 9 of 15 |
| Size (of disclosed) | 5 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-08 |
Covenant Physician Partners
Nashville, Tennessee, United States Covenant Physician Partners is an operator of ambulatory surgery centers, physician practices, and ancillary services with a particular focus on gastroenterology and ophthalmology end markets. Covenant Physician Partners was founded in 2008 and is based in Nashville, Tennessee. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-11 |
Jamf
Minneapolis, Minnesota, United States Jamf is a provider of Apple device management software, including support for MacOS devices, iOS devices, and tvOS devices. The Company offers extensive functionality in package building, inventory, image management, remote imaging, remote updates, iOS mobile device management, and automated support. Jamf delivers support and service solutions to more than 38,000 customers at businesses, educational institutions, and government agencies. Jamf was formed in 2002 and is based in Minneapolis, Minnesota. |
Sell | - |
