M&A Deal Summary

Olympus Partners Acquires EyeSouth Partners

On September 30, 2022, private equity firm Olympus Partners acquired healthcare services company EyeSouth Partners from Shore Capital Partners

Acquisition Highlights
  • This is Olympus Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Olympus Partners’ 50th transaction in the United States.
  • This is Olympus Partners’ 4th transaction in Georgia.

M&A Deal Summary
Date 2022-09-30
Target EyeSouth Partners
Sector Healthcare Services
Buyer(s) Olympus Partners
Sellers(s) Shore Capital Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies (Financial)
Winston & Strawn (Legal)

Target

EyeSouth Partners

Atlanta, Georgia, United States
website
EyeSouth Partners is an eye care physician services organization committed to partnering with leading physicians to build a premier network of eye care services in Georgia and the Southeast. EyeSouth’s partner practices’ clinical mission is to provide high-quality medical and surgical specialty eye care. The organization supports its affiliated practices and physician partners with capital, administrative resources, operating expertise, and strategic guidance with an absolute focus on clinical quality and a patient-first culture. EyeSouth Partners was formed in 2017 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 53 of 55
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 28 of 30
State (Georgia) 4 of 4
Country (United States) 50 of 52
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Planet Fitness

Austin, Texas, United States

Planet Fitness is an operator of fitness clubs in Austin, Dallas/Ft Worth, Tulsa, Northwest Arkansas, North Carolina, and Virginia. Its mission is to build a team culture and atmosphere constructed on trust, humility, and strong relationships, always leading by example and putting others first with the utmost integrity, dedication and accountability. Planet Fitness was formed in 1992 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Liquibox

Richmond, Virginia, United States

Liquibox is a supplier of bag-in-box flexible packaging to the global dairy, beverage, and bulk food markets. Bag-in-box packaging is primarily used in the food service industry to package dairy mix for milkshakes and coffee drinks, fountain beverage syrup, and pumpable liquid foods such as food concentrates and sauces. Liquibox was formed in 1961 and is based in Richmond, Virginia.

Sell $1.2B

Seller(S) 1

SELLER

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
PE ASSETS 350M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $50 million in sales and $1 to $7 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 7 of 10
Sector (Healthcare Services) 6 of 6
Type (Secondary Buyout) 3 of 4
State (Georgia) 1 of 1
Country (United States) 7 of 10
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 AA Medical

Mokena, Illinois, United States

AA Medical is a provider of sustainable solutions to both the new and resale medical device equipment markets based in Mokena, Illinois, with a second location in Miami, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 IZI Medical

Owings Mills, Maryland, United States

IZI Medical is a developer, manufacturer, and provider of medical consumable accessories used in radiology, radiation therapy, vertebroplasty, and image-guided surgery procedures. IZI has built a diverse portfolio of products backed by strong intellectual property and currently sells to more than 1,000 domestic customers as well as internationally across 25 countries. IZI Medical was formed in 1991 and is based in Owings Mills, Maryland.

Sell £138M
Mergr

Product

Company

Legal