M&A Deal Summary

General Atlantic Acquires Landmark Health

On March 28, 2018, growth capital firm General Atlantic acquired healthcare services company Landmark Health from Francisco Partners

Acquisition Highlights
  • This is General Atlantic’s 9th transaction in the Healthcare Services sector.
  • This is General Atlantic’s 90th transaction in the United States.
  • This is General Atlantic’s 22nd transaction in California.
Investment Fate
  • Landmark Health was sold to a publicly-traded strategic buyer in 2021.

M&A Deal Summary

Date 2018-03-28
Target Landmark Health
Sector Healthcare Services
Buyer(s) General Atlantic
Sellers(s) Francisco Partners
Deal Type Secondary Buyout
Advisor(s) Barclays Investment Bank (Financial)
Latham & Watkins
Shearman & Sterling (Legal)

Target

Landmark Health

Huntington Beach, California, United States
website
Landmark Health is a risk-bearing provider of in-home healthcare services to high risk, polychronic patients. Landmark Health was founded in 2013 and is based in Huntington Beach, California.

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Buyer(S) 1

Buyer
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 188 of 340
Sector (Healthcare Services) 9 of 23
Type (Secondary Buyout) 17 of 24
State (California) 22 of 44
Country (United States) 90 of 160
Year (2018) 5 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-22 NuCom Group

Unterfohring, Germany

NuCom Group is an omnichannel platform for consumer services and lifestyle brands. The company is comprised of 10 market-leading businesses in the areas of price comparison, matchmaking, experience gift vouchers, and e-commerce. NuCom Group was formed in 2018 and is based in Unterfohring, germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-25 Capital Foods

Mumbai, India

Capital Foods is a manufacturer and marketer of packaged foods products. Capital Foods was founded in 1995 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Francisco Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 45.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Francisco Partners' headquarters in San Francisco, California.
Francisco Partners' headquarters in San Francisco, California.

Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.


DEAL STATS #
Overall 51 of 79
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 12 of 22
State (California) 15 of 19
Country (United States) 41 of 65
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 myON

North Mankato, Minnesota, United States

myON LLC is a provider of digital literacy solutions. myON students have access to a personalized literacy ecosystem that offers unlimited reading in a curated library of more than 13,000 digital books dynamically matched to each learner’s reading level and interests.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 Bomgar

Ridgeland, Mississippi, United States

Bomgar Corp. is a provider of secure access solutions. Bomgar enables customers to quickly access and protect endpoints, defend privileged credentials, and support technology end-users to help businesses fight cyber threats while speeding performance. Bomgar Corp. was founded in 2003 and is based in Ridgeland, Mississippi.

Buy -