M&A Deal Summary

Centerbridge Partners Acquires Civitas Solutions

On December 18, 2018, asset manager Centerbridge Partners acquired healthcare services company Civitas Solutions for 1.4B USD

Acquisition Highlights
  • This is Centerbridge Partners’ 4th transaction in the Healthcare Services sector.
  • This is Centerbridge Partners’ 2nd largest (disclosed) transaction.
  • This is Centerbridge Partners’ 27th transaction in the United States.

M&A Deal Summary
Date 2018-12-18
Target Civitas Solutions
Sector Healthcare Services
Buyer(s) Centerbridge Partners
Deal Type Going Private
Deal Value 1.4B USD
Advisor(s) Barclays Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target

Civitas Solutions

Boston, United States
website
Civitas Solutions is a provider of home- and community-based health and human services to must-serve individuals with intellectual, developmental, physical or behavioral disabilities and other special needs. Since our founding in 1980, we have evolved from a single residential program to a diversified national network offering an array of quality services in 36 states. Civitas Solutions was established in 1980 and is headquartered in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 2005
PE ASSETS 16.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 32 of 46
Sector (Healthcare Services) 4 of 6
Type (Going Private) 2 of 3
Country (United States) 27 of 38
Year (2018) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Industrial Container Services

Montebello, California, United States

Industrial Container Services LLC is a provider of reusable container solutions in the United States, providing new and reconditioned steel, plastic, and fiber drums. With 49 facilities across the United States and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually and is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Phoenix Insurance

Givatayim, Israel

Phoenix Insurance provides life and health, and general insurance services. The company provides general insurance products in the property, liabilities, and other lines of activity. The company provides accident insurance, critical illness insurance, and also provides life, health, and general reinsurance services.

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Mergr

Product

Company

Legal