M&A Deal Summary

CD&R Acquires PharMEDium Healthcare

On December 19, 2013, private equity firm CD&R acquired healthcare services company PharMEDium Healthcare from Baird Capital

Acquisition Highlights
  • This is CD&R’s 2nd transaction in the Healthcare Services sector.
  • This is CD&R’s 27th transaction in the United States.
  • This is CD&R’s 6th transaction in Illinois.
Investment Fate
  • PharMEDium Healthcare was sold to a publicly-traded strategic buyer in 2015 for 2.6B USD.

M&A Deal Summary

Date 2013-12-19
Target PharMEDium Healthcare
Sector Healthcare Services
Buyer(s) CD&R
Sellers(s) Baird Capital
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities (Financial)
K&L Gates (Legal)

Target

PharMEDium Healthcare

Lake Forest, Illinois, United States
PharMEDium Healthcare Holdings, Inc. is a provider of intravenous (IV) admixture services supplied to the hospital market. The Company’s IV admixture service involves the mixing of drug compounds into intravenous solutions for infusion into patients.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 35 of 94
Sector: Healthcare Services M&A 2 of 9
Type: Secondary Buyout M&A Deals 9 of 26
State: Illinois M&A 6 of 8
Country: United States M&A 27 of 68
Year: 2013 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 BrandSafway

Atlanta, Georgia, United States

BrandSafway is a provider of specialized services to the global energy, industrial, and infrastructure markets. Its range of service offerings includes work access, corrosion management, atmospheric and immersion coatings, insulation services, fireproofing and refractory, mechanical services, forming and shoring, and other complementary specialty services. Brand delivers its services through a network of more than 370 branches on six continents, with a focus on the major hydrocarbon and power generation markets globally. BrandSafway was founded in 1919 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-31 TruGreen

Memphis, Tennessee, United States

TruGreen is an operator of a lawn care company that offers lawn, tree and shrub care services. TruGreen was founded in 1973 and is based in Memphis, Tennessee.

Buy -

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 25 of 53
Sector: Healthcare Services M&A 1 of 5
Type: Secondary Buyout M&A Deals 4 of 14
State: Illinois M&A 4 of 6
Country: United States M&A 25 of 47
Year: 2013 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-31 Kason

Millburn, New Jersey, United States

Kason Corp. is a manufacturer of screening and processing equipment for bulk solid materials and slurries including a complete line of vibratory, centrifugal, and static screening equipment for solids/solids and solids/liquids separations as well as a complete line of circular vibratory fluid bed dryers, coolers and moisturizers, and static sieves. Kason was founded in 1967 and is based in Millburn, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-23 XLerate Group

Carmel, Indiana, United States

XLerate Group is an auction and remarketing facilitation company facilitating transactions between buyers and sellers at its Internet-enabled physical and private label remote sales in California, Texas, Florida, South Carolina, Michigan, Wisconsin, Georgia, Illinois, and Pennsylvania. XLerate Group was founded in 2010 and is based in Carmel, Indiana.

Sell -