Recapitalization • Information Technology

DFW Capital Partners and Praesidian Capital Acquire MNG Health

On September 30, 2010, private equity firm DFW Capital Partners and mezzanine finance firm Praesidian Capital acquired information technology company MNG Health

Acquisition Context
  • This is DFW Capital Partners’ 1st and Praesidian Capital’s 2nd transaction in the Information Technology sector.
  • This is DFW Capital Partners’ 12th and Praesidian Capital’s 26th transaction in the United States.
  • This is DFW Capital Partners’ 3rd and Praesidian Capital’s 3rd transaction in Pennsylvania.
Investment Fate
  • MNG Health was sold to a consortium of financial buyers in 2015.
  • MNG Health was sold to a strategic buyer in 2022.

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M&A Deal Summary

Date September 30, 2010
Target MNG Health
Sector Information Technology
Buyer(s) DFW Capital Partners
Praesidian Capital
Deal Type Recapitalization

Target Company

MNG Health

Bensalem, Pennsylvania, United States
MNG Health is a provider of technology-enabled multi-channel marketing solutions that allow pharmaceutical, biotechnology, and medical device brands. MNG Health was founded in 2013 and is based in Bensalem, Pennsylvania.
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Buyers Overview 2

Buyer

DFW Capital Partners

New York, New Jersey, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DFW Capital Partners is a private equity firm that invests in high-growth middle-market service companies generating revenues up to $200 million. Specific service areas of interest include business services, industrial services, and healthcare services. Prospective transactions include growth capital financing, acquisition financing, management buyouts, and recapitalization. DFW will not invest in start-ups, real estate, or pure R&D companies. DFW Capital Partners was formed in 1983 and is based in Teaneck, New Jersey.


Deal Context for Buyer #
Overall 12 of 41
Sector: Information Technology 1 of 8
Type: Recapitalization 4 of 6
State: Pennsylvania 3 of 6
Country: United States 12 of 41
Year: 2010 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-23 Meta Pharmaceutical Services

Blue Bell, Pennsylvania, United States

Meta provides database management, statistical sales analytics and direct marketing services to pharmaceutical companies. The Company was established in 2000 by the current management team. The Company is engaged in three service lines: Data Reporting and Management, Direct Mail and Fulfillment, and Custom Programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-05 Alaven Pharmaceuticals

Marietta, Georgia, United States

Alaven Pharmaceutical LLC is a specialty pharmaceutical company, develops and markets prescription and non-prescription products that treat women’s health, gastroenterology, and anemia conditions in the United States.

Sell $350M
Buyer

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


Deal Context for Buyer #
Overall 26 of 52
Sector: Information Technology 2 of 2
Type: Recapitalization 10 of 14
State: Pennsylvania 3 of 4
Country: United States 26 of 49
Year: 2010 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-23 Meta Pharmaceutical Services

Blue Bell, Pennsylvania, United States

Meta provides database management, statistical sales analytics and direct marketing services to pharmaceutical companies. The Company was established in 2000 by the current management team. The Company is engaged in three service lines: Data Reporting and Management, Direct Mail and Fulfillment, and Custom Programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-31 PromptCare

New Providence, New Jersey, United States

PromptCare is a regional provider of specialty respiratory and infusion services. The Company combines high-tech equipment and infusion drug therapies with a tailored, -high-touch service approach to deliver superior patient care, and is a preferred partner of hospitals, physicians, and payors in managing complex medical conditions such as ALS, chronic lung conditions, and a number of nutritional and autoimmune deficiencies. PromptCare was founded in 1985 and headquartered in New Providence, New Jersey.

Buy -