M&A Deal Summary

Kelso Acquires Valenz

On June 21, 2023, private equity firm Kelso acquired business services company Valenz from Great Point Partners

Acquisition Highlights
  • This is Kelso’s 9th transaction in the Business Services sector.
  • This is Kelso’s 68th transaction in the United States.
  • This is Kelso’s 1st transaction in Arizona.

M&A Deal Summary

Date 2023-06-21
Target Valenz
Sector Business Services
Buyer(s) Kelso
Sellers(s) Great Point Partners
Deal Type Secondary Buyout
Advisor(s) Triple Tree LLC (Financial)

Target

Valenz

Phoenix, Arizona, United States
website
Valenz simplifies the complexities of self-insurance for employers through a steadfast commitment to data transparency and decision enablement powered by its Healthcare Ecosystem Optimization Platform. Offering a strong foundation with deep roots in clinical and member advocacy, alongside decades of expertise in the validation, integrity, and accuracy of claims, and a suite of risk affinity solutions, the company optimizes healthcare for the provider, payer, plan, and member. By leveraging data transparency and delivering an omnichannel approach across the healthcare journey, it improves cost, quality, and outcomes for employers and their members engaging early and often for smarter, better, faster healthcare. Valenz was formed in 2004 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 79 of 81
Sector (Business Services) 9 of 9
Type (Secondary Buyout) 22 of 22
State (Arizona) 1 of 1
Country (United States) 68 of 70
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 Emtec

Jacksonville, Florida, United States

Emtec provides information technology (IT) services and products to the federal, state, and local government, education, and commercial markets. It helps clients identify and prioritize areas for improvement and then implement the process, technology, and business application improvements that reduce costs, improve service and align the delivery of IT with the needs of their organizations. Emtec was founded in 1964 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-03 Armada Materials

Tampa, Florida, United States

Armada Materials is a producer of aggregates, asphalt, and other infrastructure materials and services. Armada Materials is based in Tampa, Florida.

Buy -

Seller(S) 1

SELLER

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $7 to $50 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 17 of 17
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Arizona) 1 of 1
Country (United States) 13 of 13
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-22 Ephicacy

Iselin, New Jersey, United States

Ephicacy is a biometrics CRO, providing outsourced statistical programming, data management, and real-world evidence analytics services to pharmaceutical and biotechnology companies, primarily under a Functional Service Provider model. Ephicacy was founded in 2005 and is based in Iselin, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Ludi

Nashville, Tennessee, United States

Ludi is a healthcare technology company that helps hospitals to pay physicians. The company's DocTime Suite automates the payment process for any type of physician arrangement from a signed contract to payment. A robust financial and compliance management system, DocTime helps hospitals manage all the complex tasks, rules, and data associated with their physician agreements – all in one easy-to-use system. Ludi is based in Nashville, Tennessee.

Buy -