M&A Deal Summary

Centerbridge Partners and La Caisse de dépôt et placement du Québec Acquires Medical Solutions

On August 30, 2021, asset manager Centerbridge Partners and La Caisse de dépôt et placement du Québec acquired staffing company Medical Solutions from TPG Global

Acquisition Highlights
  • This is Centerbridge Partners’ 1st and La Caisse de dépôt et placement du Québec’s 2nd transaction in the Staffing sector.
  • This is Centerbridge Partners’ 36th and La Caisse de dépôt et placement du Québec’s 15th transaction in the United States.
  • This is Centerbridge Partners’ 1st and La Caisse de dépôt et placement du Québec’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2021-08-30
Target Medical Solutions
Sector Staffing
Buyer(s) Centerbridge Partners
La Caisse de dépôt et placement du Québec
Sellers(s) TPG Global
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs Investment Banking Division
Evercore Group LLC
UBS Investment Bank (Financial)
Kirkland & Ellis LLP (Legal)

Target

Medical Solutions

Omaha, Nebraska, United States
website
Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

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Buyer(S) 2

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2005
PE ASSETS 16.9B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 44 of 45
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 26 of 26
State (Nebraska) 1 of 1
Country (United States) 36 of 37
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 IPS

Compton, California, United States

IPS is a manufacturer of a wide range of adhesive cement, structural adhesives, and niche plumbing products primarily for residential, commercial, industrial, and international markets. IPS' products are sold under a number of highly regarded brand names, including Weld-On, Watertite, Studor, Truebro, and Guy Gray. IPS was founded in 1954 and is based in Compton, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-22 CSI

Paducah, Kentucky, United States

CSI delivers core banking, payments processing, Internet, card services, risk assessment, fraud prevention, network management, regulatory compliance, and document delivery solutions to financial institutions and corporate entities across the nation. CSI is based in Paducah, Kentucky.

Buy $1.6B
Buyer

La Caisse de dépôt et placement du Québec

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
PE ASSETS 30.4B CAD
SizeMega
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 52 of 60
Sector (Staffing) 2 of 2
Type (Secondary Buyout) 15 of 16
State (Nebraska) 1 of 1
Country (United States) 15 of 17
Year (2021) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Beyond Technologies

Montreal, Quebec, Canada

Beyond Technologies specialized in SAP solution integration and business process optimization. We offer intelligent, practical, and innovative solutions that give our clients a competitive edge, in a timely and cost-effective manner. Beyond Technologies was founded in 2005 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Wizeline

San Francisco, California, United States

Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Wizeline's adaptive teams provide the right combination of solutions, capabilities, and methodologies to deliver results, while partnering with customers’ teams to foster innovation through continuous learning. Its diverse culture of innovation, ownership, and community, combined with the Academy, creates an inspiring environment for talent to build long-term careers. Formed in 2014, Wizeline is headquartered in San Francisco with offices in Guadalajara and Mexico City, Mexico, as well as in Ho Chi Minh City, Vietnam.

Buy -

Seller(S) 1

SELLER

TPG Global

Fort Worth, Texas, United States

Investor Investor Investor Investor

website


Category Asset Manager
Founded 1992
PE ASSETS 96.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 233 of 237
Sector (Staffing) 2 of 2
Type (Secondary Buyout) 33 of 34
State (Nebraska) 1 of 1
Country (United States) 171 of 175
Year (2021) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 Government Brands

Alpharetta, Georgia, United States

Government Brands is a provider of government software and integrated payment solutions. The company offers comprehensive solutions for all sizes of government entities municipalities, counties, states, and federal agencies - with thousands of clients in all 50 states and Canada. Government Brands was founded in 2017 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Texas Teachers of Tomorrow

Houston, Texas, United States

Texas Teachers of Tomorrow provides accredited pre-certification training, research-based test preparation, and ongoing professional development. Texas Teachers of Tomorrow was founded in 2005 and is based in Houston, Texas.

Buy -