M&A Deal Summary

Frazier Healthcare Partners Acquires The Orthotic Group

On April 9, 2013, growth capital firm Frazier Healthcare Partners acquired medical products company The Orthotic Group from MTN Capital Partners and Incline Equity Partners

Acquisition Highlights
  • This is Frazier Healthcare Partners’ 4th transaction in the Medical Products sector.
  • This is Frazier Healthcare Partners’ 1st transaction in Canada.
  • This is Frazier Healthcare Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2013-04-09
Target The Orthotic Group
Sector Medical Products
Buyer(s) Frazier Healthcare Partners
Sellers(s) MTN Capital Partners
Incline Equity Partners
Deal Type Secondary Buyout
Advisor(s) BB&T Capital Markets (Financial)

Target

The Orthotic Group

Markham, Ontario, Canada
website
The Orthotic Group ("TOG") is a manufacturer and distributor of custom prescription orthotics, orthotic footwear and gait and rehabilitation markets in North America, Europe and Australia.

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Buyer(S) 1

Buyer

Frazier Healthcare Partners

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
SizeLarge
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 14 of 40
Sector (Medical Products) 4 of 4
Type (Secondary Buyout) 1 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Orthotic Holdings

Hauppauge, New York, United States

Orthotic Holdings, Inc. is a manufacturer and distributor of custom orthotic and ankle-foot orthosis products. The company maintains leading market positions in multiple products lines and serves a growing customer base of more than 10,000 healthcare professionals who treat conditions and diseases associated with the lower extremity. OHI sells its products mainly in the US and Canada as well as through distribution partnerships in Europe and Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Imago BioSciences

South San Francisco, California, United States

Imago BioSciences is developing therapeutics for hematologic diseases based on emerging insights into epigenetic regulation of disease pathways. Epigenetic proteins regulate the expression of many (oftentimes hundreds) of downstream genes, and Imago is taking a targeted approach to address specific epigenetic alterations that can be drivers of disease. Imago was formed in 2012 and is based in South San Francisco, California.

Buy -

Seller(S) 2

SELLER

MTN Capital Partners

Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 500M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

MTN Capital Partners LLC is a lower middle-market private equity firm focused on investing in North American companies. MTN will consider both healthy as well as distressed companies. Sectors of interest include manufacturing, business services, consumer products, specialty retail, restaurants, distribution, energy services, automotive, food/beverage, healthcare, marketing services, chemicals, and communications. For healthy companies, MTN targets businesses with at least $10 million in revenues and $2 to $15 million of EBITDA, and for distressed situations. MTN Capital Partners was founded in 2003 and is based in New York City.


DEAL STATS #
Overall 1 of 4
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 JSI Store Fixtures

Milo, Maine, United States

JSI Store Fixtures is a designer and manufacturer of high-quality refrigerated and non-refrigerated wood merchandising displays for the supermarket industry. JSI Store Fixtures was first to market with a patented line of closed-cell foam merchandising surfaces for produce. JSI Store Fixtures’ merchandising displays are used by many of North America’s top supermarkets, grocery, and food retail chains. JSI was founded in 1991 and is based in Milo, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-11 Kings Food Markets

Parsippany, New Jersey, United States

Kings Food Markets is a gourmet food retailer with an established reputation for high quality products and servicesPartnered with industry veteran and fundless sponsor to acquire chain of 24 stores from a UK parent. An upscale grocery store serving customers throughout New Jersey, New York and Connecticut, Kings provides a unique shopping experience paired with the highest quality foods. From locally sourced, organically grown produce, to fresh fruit, delicious meats to hand-selected cheeses from over 20 countries.

Sell -
SELLER

Incline Equity Partners

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1982
PE ASSETS 2.8B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Incline Equity Partners is a private equity firm focused on lower middle-market growth companies. The Firm targets companies located in the US and Canada with enterprise values ranging from $25 to $450 million. Prospective transaction types include buyouts, minority recapitalizations, and corporate divestitures. Incline Equity Partners was formerly known as PNC Equity Partners. The Firm is based in Pittsburgh.


DEAL STATS #
Overall 12 of 37
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 5 of 22
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2013) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 Dorner Mfg.

Hartland, Wisconsin, United States

Dorner Mfg. Corp. is a US-based major global provider of purpose-built, high-quality precision conveyor systems utilized in process automation operations to enhance productivity, quality, and profitability throughout the production process. Dorner Mfg. Corp was formed in 1996 and is based in Hartland, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 AmSpec

Linden, New Jersey, United States

AmSpec is a global provider of testing, inspection and certification services for petroleum traders and refiners. Company has independently and accurately analyzed and measured petroleum and petrochemical products throughout the US, Caribbean, Latin America and around the world. Company is dedicated to providing quality service exceeding our clients' expectations. The Company and employees strive for the highest degree of quality performance, which is achieved through clear and well-documented systems, proper training, the qualifications and experience of employees, and through continuous improvements of all overall operations.

Buy -