M&A Deal Summary |
|
|---|---|
| Date | 2018-05-08 |
| Target | Intermedix |
| Sector | Information Technology |
| Buyer(s) | R1 RCM |
| Sellers(s) |
Thomas H. Lee Partners
Crescent Capital Group Kayne Anderson Capital Advisors Audax Private Debt |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 2003 |
| Sector | Information Services |
| Employees | 29,400 |
| Revenue | 2.3B USD (2023) |
R1 RCM is a provider of services and technology to healthcare providers. The Company helps clients strengthen their financial stability and deliver better care at a more affordable cost to the communities they serve, increasing healthcare access for all. R1 RCM was founded in 2003 and is based in Murray, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 6 |
| Sector (Information Technology) | 1 of 3 |
| Type (Add-on Acquisition) | 1 of 5 |
| State (Florida) | 1 of 1 |
| Country (United States) | 1 of 6 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-01 |
SCI Solutions
Seattle, Washington, United States SCI Solutions, Inc. improves the health of the health system by operating the industry’s largest EHR-agnostic care coordination marketplace, enabling patients, health plans, referring providers and rendering provider facilities to securely navigate, communicate and transact digitally in more than 400 geographic markets. With its digital engagement solutions, SCI enables health enterprises to offer a consumer-friendly digital front door, giving patients and their providers improved choice and convenience. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1974 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 53 |
| Sector (Information Technology) | 5 of 6 |
| Type (Add-on Acquisition) | 14 of 18 |
| State (Florida) | 3 of 5 |
| Country (United States) | 33 of 44 |
| Year (2018) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-02 |
Juvare
Atlanta, Georgia, United States Juvare is a provider of critical incident management and emergency preparedness software. The company’s innovative solutions optimise information sharing and streamline data into a common operating picture and workflow, enabling government agencies, corporations, healthcare facilities, academic institutions and public health departments to prepare for and respond to critical events more effectively. Juvare is based in Atlanta, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-08 |
Dun & Bradstreet
Jacksonville, Florida, United States Dun & Bradstreet is a global provider of business information, analytics, and data intelligence solutions. Leveraging a database of company information, credit data, and analytics, Dun & Bradstreet offers a comprehensive suite of products and services designed to help clients identify growth opportunities, enhance supply chain management, and mitigate financial and operational risks. Dun & Bradstreet was formed in 1841 and is based in Jacksonville, Florida. |
Buy | $6.9B |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 42 of 47 |
| Sector (Information Technology) | 4 of 4 |
| Type (Add-on Acquisition) | 17 of 19 |
| State (Florida) | 2 of 4 |
| Country (United States) | 36 of 40 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-06 |
Tate’s Bake Shop
Southampton, New York, United States Tate’s is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States. Tate’s has been one of the fastest growing biscuit brands in the United States over the last 12 months. The brand’s sales have quadrupled over the past five years. Tate’s Bake Shop is the home of America’s top-rated chocolate chip cookie, available at grocery stores, gourmet shops and natural food stores nationwide, as well as online. |
Sell | $500M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-11 |
Van Pool
Wilbraham, Massachusetts, United States Van Pool is a best-in-class provider of transportation services for special needs and homeless students in Massachusetts, Connecticut, and New Hampshire. Van Pool was founded in 1980 and is based in Wilbraham, Massachusetts. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 1984 |
| PE ASSETS | 8.6B USD |
| Size | Mega |
| Type | Sector Agnostic |
Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 80 |
| Sector (Information Technology) | 3 of 5 |
| Type (Add-on Acquisition) | 22 of 31 |
| State (Florida) | 1 of 2 |
| Country (United States) | 48 of 69 |
| Year (2018) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-18 |
Elevate Services
Los Angeles, California, United States Elevate Services is a global law company, providing consulting, technology and services to law departments and law firms. The company's team of lawyers, engineers, consultants and business experts extend and enable the resources and capabilities of customers worldwide. Elevate is the most-used law company according to the 2017 state of the industry survey published by the corporate legal operations consortium (CLOC) and has been ranked as a top global law company by chambers & partners for the past four years in a row. Elevate Services was founded in 2011 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-16 |
Circle Cardiovascular Imaging
Calgary, Alberta, Canada Circle Cardiovascular Imaging develops world-class, advanced reading and reporting solutions for cardiac imaging. Circle CVI is a prominent company in the global cardiac imaging community, bringing together an experienced and dedicated team of over 150 people and offering multi-language support around the globe. Circle Cardiovascular Imaging was founded in 2007 and is based in Calgary, Alberta. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 51 |
| Sector (Information Technology) | 1 of 2 |
| Type (Add-on Acquisition) | 17 of 19 |
| State (Florida) | 3 of 4 |
| Country (United States) | 40 of 51 |
| Year (2018) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-11-29 |
US Med-Equip
Houston, Texas, United States US Med-Equip is a distributor and rental and related services provider of mission-critical moveable medical equipment used in hospitals. The Company provides equipment rentals across four product categories respiratory, infusion, monitoring, and central supply / NICU. US Med-Equip was founded in 2003 and is based in Houston Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-07 |
Alegeus
Waltham, Massachusetts, United States Alegeus is a provider of benefits administration software, debit cards, and transaction processing solutions for consumer directed healthcare accounts, including flexible spending accounts, health reimbursement arrangements, and health savings accounts. Alegeus was formed in 2012 and is based in Waltham, Massachusetts. |
Sell | - |
