M&A Deal Summary

Petra Capital Partners and Morgan Stanley Expansion Capital Acquire ABS Kids

On September 6, 2017, private equity firm Petra Capital Partners and growth capital firm Morgan Stanley Expansion Capital acquired healthcare services company ABS Kids

Acquisition Highlights
  • This is Petra Capital Partners’ 9th and Morgan Stanley Expansion Capital’s 1st transaction in the Healthcare Services sector.
  • This is Petra Capital Partners’ 40th and Morgan Stanley Expansion Capital’s 18th transaction in the United States.
  • This is Petra Capital Partners’ 2nd and Morgan Stanley Expansion Capital’s 1st transaction in Utah.

M&A Deal Summary

Date 2017-09-06
Target ABS Kids
Sector Healthcare Services
Buyer(s) Petra Capital Partners
Morgan Stanley Expansion Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ABS Kids

Salt Lake City, Utah, United States
website
ABS Kids is a provider of in-home and center-based applied behavior analysis therapy, speech therapy, and occupational therapy services to children with autism spectrum disorder. ABS Kids was founded in 2011 and based in Salt Lake City, Utah.

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Buyer(S) 2

Buyer

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 40 of 52
Sector (Healthcare Services) 9 of 16
Type (Buyout (LBO, MBO, MBI)) 18 of 25
State (Utah) 2 of 3
Country (United States) 40 of 52
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-13 Midwest Automotive Designs

Elkhart, Indiana, United States

Midwest Automotive Designs LLC is a provider of custom sprinter conversion vans and specialty Manufacturing Custom & Premium Up-fitter of Vans. Midwest Automotive Designs was formed in 2003 and is based in Elkhart, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Etairos Health

Largo, Florida, United States

Etairos Health is a provider of home health and home care services in Florida and the Southeast. Etairos provides both non-medical home care, and also skilled home care. Etairos Health was founded in 2017 and is based in Largo, Florida.

Buy -
DESCRIPTION

Morgan Stanley Expansion Capital is a division of Morgan Stanley that looks to make growth equity and credit investments in expanding companies operating in the healthcare, digital media, e-commerce, consumer and business services sectors. The unit will consider opportunities throughout North America and Western Europe and primarily targets companies with established products/services looking to scale. Morgan Stanley Expansion Capital is headquartered in New York City.


DEAL STATS #
Overall 21 of 46
Sector (Healthcare Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (Utah) 1 of 1
Country (United States) 18 of 39
Year (2017) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Voices.com

London, Ontario, Canada

Voices.com is an online marketplace for audio and voice over products and services comprised of nearly half a million business clients and voice actors. Voices.com was founded in 2005 and is based in London, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Instapage

San Francisco, California, United States

Instapage is the post-click optimization and maximizes conversions for advertisers and marketers by enabling them to create, personalize, and optimize post-click experiences at scale. With instapage, and for the first time ever, marketers can build these post-click experiences at scale using instablocks. Instapage was founded in 2012 and is based in San Francisco, California.

Buy -