M&A Deal Summary

Frazier Healthcare Partners Acquires Eptam Precision Solutions

On January 24, 2020, growth capital firm Frazier Healthcare Partners acquired plastics company Eptam Precision Solutions from New Heritage Capital

Acquisition Highlights
  • This is Frazier Healthcare Partners’ 1st transaction in the Plastics sector.
  • This is Frazier Healthcare Partners’ 37th transaction in the United States.
  • This is Frazier Healthcare Partners’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2020-01-24
Target Eptam Precision Solutions
Sector Plastics
Buyer(s) Frazier Healthcare Partners
Sellers(s) New Heritage Capital
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)
Choate Hall & Stewart (Legal)

Target

Eptam Precision Solutions

Northfield, New Hampshire, United States
Eptam Plastics, Inc. is a provider of a comprehensive suite of machining and injection molding solutions through three manufacturing centers of excellence in Colorado, New Jersey, and New Hampshire. Eptam Plastics was founded in 1981 and is based in Northfield, New Hampshire.

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Buyer(S) 1

Buyer

Frazier Healthcare Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.

DEAL STATS #
Overall 38 of 47
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 3 of 9
State (New Hampshire) 1 of 1
Country (United States) 37 of 46
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Elevate Patient Financial Solutions

Spring, Texas, United States

Elevate Patient Financial Solutions is a provider of technology-enabled revenue cycle management services for hospitals, health systems, and healthcare providers. Elevate Patient Financial Solutions proprietary technology platform offers a unified suite of solutions designed to engage patients, empower physicians and hospitals, and improve financial outcomes throughout the entire healthcare continuum. For four decades, the company has been providing innovative solutions to the medical community and serving hundreds of millions of patients across numerous medical specialties. Elevate Patient Financial Solutions was founded in 1980 and is based in Spring, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-30 Arcutis

Westlake Village, California, United States

Arcutis is focused on developing topical medicines for the treatment of skin diseases. The company’s lead program, ARQ-151, is a topical formulation of roflumilast that is currently in Phase 2 studies for the treatment of plaque psoriasis and atopic dermatitis. The company’s second program, ARQ-250, is a topical JAK1-inhibitor in preclinical development for the treatment of various autoimmune diseases affecting the skin. Arcutis was founded in 2016 and is based in Westlake Village, California.

Sell -

Seller(S) 1

SELLER

New Heritage Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New Heritage Capital LLC is a private investment firm specializing in the acquisition and equity-based recapitalization of private, family owned businesses. Heritage looks to invest in growing, middle-market companies with at least $30 million in annual revenue and EBITDA of at least $4 million. Target sectors include aerospace, consumer products, food/beverage, media/publishing, healthcare, manufacturing, pet products, plastics/packaging, printing, and value-added distribution. New Heritage Capital LLC was formed in 2006 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 17 of 21
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 9 of 11
State (New Hampshire) 1 of 1
Country (United States) 15 of 18
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Revela Foods

New Berlin, Wisconsin, United States

Revela Foods is a provider of dairy flavorings, cheese sauces, seasonings, and functional cheese. Revela Foods provides customers with a full-service cheese ingredient offering from product development through final manufacturing. Revela Foods was founded in 1986 and is based in New Berlin, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 DeWinter Group

Campbell, California, United States

DeWinter Group is a provider of temporary and permanent staffing solutions with deep expertise in finance, accounting, and information technology. DeWinter Group was founded in 2000 and is based in Campbell, California.

Buy -
Mergr

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Legal