Investment Summary

Hampshire Equity Partners and Patriarch Partners Invest In TransCare

On January 1, 1997, private equity firms Hampshire Equity Partners and Patriarch Partners invested in healthcare services company TransCare for 40M USD

Investment Highlights
  • This is Hampshire Equity Partners’ 1st and Patriarch Partners’ 1st transaction in the Healthcare Services sector.
  • This is Hampshire Equity Partners’ and Patriarch Partners’ 4th largest (disclosed) transaction.
  • This is Hampshire Equity Partners’ 1st and Patriarch Partners’ 1st transaction in the United States.
  • This is Hampshire Equity Partners’ 1st and Patriarch Partners’ 1st transaction in New York.
Investment Fate
  • TransCare went bankrupt in 2002.

Investment Summary

Date 1997-01-01
Target TransCare
Sector Healthcare Services
Investor(s) Hampshire Equity Partners
Patriarch Partners
Deal Type Stake Purchase
Deal Value 40M USD

Target

TransCare

Brooklyn, New York, United States
website
TransCare is the largest provider of ambulance and wheelchair van services in the New York metropolitan area. The company provides both emergency and non-emergency patient transportation, and works closely with 911 emergency services. As the third largest provider in the United States, TransCare has a significant presence in Maryland and western Pennsylvania.

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Investor(S) 2

Investor

Hampshire Equity Partners

Greenwich, Connecticut, United States

website


Category Private Equity Firm
Founded 1990
PE ASSETS 730M USD
Size Large
Type Sector Agnostic
DESCRIPTION

Hampshire Equity Partners invests in buyouts, recapitalizations, growth financings, consolidations, and corporate restructurings of established public and private companies. Hampshire Equity focuses on investing in companies with annual sales of $25 to $150 million and EBITDA of $3 to $15 million. Hampshire Equity's target investment size is $10 to $25 million. Industries of interest include basic manufacturing, media and telecommunications, specialty retailing, healthcare, business services, and consumer products. Hampshire Equity Partners was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 1 of 10
Sector (Healthcare Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 10
Year (1997) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-02-27 World Market

Alameda, California, United States

World Market is a specialty retailer of casual home furnishings and entertainment products in the United States. The Company operates more than 250 stores under the names World Market, Cost Plus World Market, Cost Plus Imports, and World Market Stores in 30 states. World Market was formed in 1946 and is based in Alameda, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Citi Trends

Savannah, Georgia, United States

Citi Trends is a value-priced retailer of urban apparel catering to the fashion-conscious African American family. The Company's 260+ store locations average 10,000 square feet in size and are located in 16 states in the South, Southeast, Midwest, and Mid-Atlantic regions. The Company's stores offer clothes for men, women and children as well as plus sizes and accessories. Citi Trends was incorporated in 1946 and is based in Savannah, Georgia.

Buy -
Investor

Patriarch Partners

New York, New York, United States

Investor

website


Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 20
Sector (Healthcare Services) 1 of 1
Type (Stake Purchase) 1 of 1
State (New York) 1 of 4
Country (United States) 1 of 20
Year (1997) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 TransCare

Brooklyn, New York, United States

TransCare is the largest provider of ambulance and wheelchair van services in the New York metropolitan area. The company provides both emergency and non-emergency patient transportation, and works closely with 911 emergency services. As the third largest provider in the United States, TransCare has a significant presence in Maryland and western Pennsylvania.

Sell -