Investment Summary

HCAP Partners and Bain Capital Double Impact Invest In Arosa

On October 16, 2018, growth capital firm HCAP Partners and private equity firm Bain Capital Double Impact invested in consumer services company Arosa

Investment Highlights
  • This is HCAP Partners’ 4th and Bain Capital Double Impact’s 1st transaction in the Consumer Services sector.
  • This is HCAP Partners’ 39th and Bain Capital Double Impact’s 4th transaction in the United States.
  • This is HCAP Partners’ 25th and Bain Capital Double Impact’s 1st transaction in California.

Investment Summary

Date 2018-10-16
Target Arosa
Sector Consumer Services
Investor(s) HCAP Partners
Bain Capital Double Impact
Deal Type Growth Capital

Target

Arosa

Los Angeles, California, United States
website
Arosa is a national in-home care provider for older adult Americans and their families. Arosa was founded in 2012 and is based in Los Angeles, California.

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Investor(S) 2

Investor

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2000
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $2 to $15 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 39 of 63
Sector (Consumer Services) 4 of 4
Type (Growth Capital) 22 of 41
State (California) 25 of 33
Country (United States) 39 of 62
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Datashield

Scottsdale, Arizona, United States

Datashield is a provider of cyber security solutions in conjunction with managed detection and response services across all industries including healthcare, financial services, manufacturing, energy, legal, and many more. Datashield provides cybersecurity solutions in conjunction with managed detection and response services across all industries, including healthcare, financial services, manufacturing, energy, legal, and many more. Datashield was founded in 2009 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Baked in the Sun

Las Vegas, Nevada, United States

Baked in the Sun, Inc. manufactures quality, fresh and frozen baked goods products for coffee houses, supermarkets, big box retailers, food service, hotels, hospitals, and schools. The Company operates out of a state-of-the-art, British Retail Consortium (BRC) food safety certified facility and distributes directly to customers throughout Southern California (San Diego to Los Angeles) and Las Vegas via the Company's own fleet of delivery trucks and nationally throughout the United States via distributors.

Sell -
DESCRIPTION

Bain Capital Double Impact is the social and wellness investment arm of Bain Capital. The Firm looks to invest in mission-driven companies that deliver both competitive financial returns and meaningful, measurable social and environmental good. Bain Capital Double Impact is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 17
Sector (Consumer Services) 1 of 1
Type (Growth Capital) 2 of 7
State (California) 1 of 2
Country (United States) 4 of 16
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 Beatnic

New York, New York, United States

Beatnic is a provider of 100% vegan, 100% delicious food that debuted in New York City in 2015. Beatnic offers a creative plant-based menu of house-made burgers, sandwiches, salads, and baked sweets. A destination for vegans and omnivores alike, Beatnic continues to innovate in the category while staying true to the brand's creative, inclusive, and vibrant core values. Beatnic was founded in 2015 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-03 HealthDrive

Framingham, Massachusetts, United States

HealthDrive is a provider of medical and dental services in over 2,000 facilities, serving more than 200,000 enrolled senior living residents across four practices around the nation. HealthDrive was founded in 1989 and is based in Framingham, Massachusetts.

Buy -