M&A Deal Summary

Harvest Partners Acquires ADCS Clinics

On May 18, 2016, private equity firm Harvest Partners acquired healthcare services company ADCS Clinics LLC from Audax Private Equity

Acquisition Highlights
  • This is Harvest Partners’ 6th transaction in the Healthcare Services sector.
  • This is Harvest Partners’ 29th transaction in the United States.
  • This is Harvest Partners’ 3rd transaction in Florida.

M&A Deal Summary

Date 2016-05-18
Target ADCS Clinics LLC
Sector Healthcare Services
Buyer(s) Harvest Partners
Sellers(s) Audax Private Equity
Deal Type Recapitalization
Advisor(s) Jefferies LLC (Financial)
Ropes & Gray LLP (Legal)

Target

ADCS Clinics LLC

Maitland, Florida, United States
website
Advanced Dermatology and Cosmetic Surgery is a dermatology-focused physician practice management company, with clinics around the United States which provide clinical, cosmetic, and pathology services. Advanced Dermatology and Cosmetic Surgery was founded in 1989 and is based in Maitland, Florida.

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Buyer(S) 1

Buyer

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 32 of 47
Sector (Healthcare Services) 6 of 7
Type (Recapitalization) 5 of 8
State (Florida) 3 of 3
Country (United States) 29 of 44
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 AxelaCare Health Solutions LLC

Lenexa, Kansas, United States

AxelaCare Health Solutions LLC is a full-service home infusion therapy provider. Therapies provided range from immune globulin (IG) therapy to antibiotics and nutrition therapy for patients across the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 Epiq Systems, Inc.

Kansas City, Kansas, United States

Epiq is a provider of integrated technology and services for the legal profession, including eDiscovery, managed services, bankruptcy, class action and mass tort administration, federal regulatory actions and data breach responses. Epic's solutions are designed to streamline the administration of litigation, investigations, financial transactions, regulatory compliance and other legal matters. Epiq’s subject-matter experts bring clarity to complexity, create efficiency through expertise and deliver confidence to clients around the world.

Buy $1.0B

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm that targets to invest in small-cap and lower-middle market companies. The Firm seeks to invest $10 - $100 million in companies with revenues of at least $50 million and EBITDA of $10 million. Audax targets companies valued at between $100 and $500 million. Areas of interest include building products, business services, distribution/direct marketing, energy, niche manufacturing/specialty industrials, technology/media, consumer products, environmental services, education, food/beverages, waste/recycling, water, and wastewater services. Types of transactions include buyouts, divestitures, sponsor exit, family/entrepreneur, distressed and public company. Audax Private Equity is the private equity arm of Audax Group, Inc. Audax Private Equity was formed in 1999 and has offices in San Francisco and Boston.


DEAL STATS #
Overall 46 of 89
Sector (Healthcare Services) 2 of 7
Type (Recapitalization) 2 of 4
State (Florida) 3 of 6
Country (United States) 44 of 83
Year (2016) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 HALO Branded Solutions, Inc.

Sterling, Illinois, United States

HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 Integrated Supply Network LLC

Lakeland, Florida, United States

Integrated Supply Network LLC is a value-added supplier and distributor that sells automotive tools, equipment, and related supplies through an extensive distribution network to automotive mechanics and technicians. ISN offers manufacturers and customers an international network of warehouses and a broad array of products, backed by customer service leadership, innovative use of technology, and multi-step pull-through marketing capabilities. ISN was founded in 1997 and is based in Lakeland, Florida.

Sell -