M&A Deal Summary

Partners Group AG Acquires EyeCare Partners

On December 16, 2019, asset manager Partners Group AG acquired healthcare services company EyeCare Partners from FFL Partners

Acquisition Highlights
  • This is Partners Group AG’s 5th transaction in the Healthcare Services sector.
  • This is Partners Group AG’s 22nd transaction in the United States.
  • This is Partners Group AG’s 1st transaction in Missouri.

M&A Deal Summary
Date 2019-12-16
Target EyeCare Partners
Sector Healthcare Services
Buyer(s) Partners Group AG
Sellers(s) FFL Partners
Deal Type Secondary Buyout

Target

EyeCare Partners

Saint Louis, Missouri, United States
website
EyeCare Partners is a vertically integrated medical vision services provider in the US. The company offers patients end-to-end services covering medical optometry, ophthalmology and sub-specialties, and vision correction products. EyeCare Partners was founded in 2015 and is based in Saint Louis, Missouri.

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Buyer(S) 1

Buyer

Partners Group AG

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1996
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.

DEAL STATS #
Overall 61 of 87
Sector (Healthcare Services) 5 of 8
Type (Secondary Buyout) 32 of 51
State (Missouri) 1 of 1
Country (United States) 22 of 33
Year (2019) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-07 Vermaat Groep B.V.

Utrecht, Netherlands

Vermaat is a specialist in tailor-made hospitality, providing premium outsourced catering services to a variety of markets including corporates, museums, hospitals and travel hubs. Today it operates over 350 premium food and beverage outlets across the Netherlands, including restaurants, cafés and canteens and has a growing presence in Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Global Blue

Wangen-Brüttisellen, Switzerland

Global Blue is an international provider of travel-related financial services. Global Blue offers a seamless shopping and payment journey for tourists and also provides a wide range of added-value payment solutions for all the stakeholders involved, including retailers and international shoppers. Global Blue was founded in 1980 and is based in Wangen-Brüttisellen, Switzerland.

Sell -

Seller(S) 1

SELLER

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.

DEAL STATS #
Overall 20 of 31
Sector (Healthcare Services) 4 of 7
Type (Secondary Buyout) 8 of 13
State (Missouri) 1 of 1
Country (United States) 19 of 29
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Icynene-Lapolla

Houston, Texas, United States

Icynene-Lapolla is a manufacturer and distributor of spray polyurethane foam insulation products. Contractors install spray foam insulation in walls, ceilings, floors, attics, and hard-to-insulate areas across a diverse set of construction end markets, including new custom residential, new production residential, commercial, remodeling, and specialty non-construction applications. Icynene-Lapolla was founded in 1986 and is based in Houston, Texas.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-16 Interactive Health Solutions

Schaumburg, Illinois, United States

Interactive Health Solutions (IHS) is a provider of comprehensive corporate health management and preventive wellness programs. Its services and tools use biometric data and a health risk assessment to evaluate employees’ personal health levels and develop customized programs with specific improvement goals for individual employees. Interactive Health Solutions was founded in 1992 and is based in Schaumburg, Illinois.

Sell -
Mergr

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