Secondary Buyout • Media

L Catterton Partners Acquires Healthy Advice Networks

On November 28, 2007, growth capital firm L Catterton Partners acquired media company Healthy Advice Networks from Alta Equity Partners

Acquisition Context
  • This is L Catterton Partners’ 1st transaction in the Media sector.
  • This is L Catterton Partners’ 33rd transaction in the United States.
  • This is L Catterton Partners’ 2nd transaction in Ohio.

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M&A Deal Summary

Date November 28, 2007
Target Healthy Advice Networks
Sector Media
Buyer(s) L Catterton Partners
Sellers(s) Alta Equity Partners
Deal Type Secondary Buyout

Target Company

Healthy Advice Networks

Cincinnati, Ohio, United States
Healthy Advice Networks is a provider of place-based healthcare education media. The company creates and operates advertiser-supported patient education programs in healthcare facilities throughout the U.S. These programs currently include wall-mounted displays located in exam rooms that hold patient education brochures and digital screens located in waiting rooms that broadcast educational information. Healthy Advice Networks is based in Cincinnati, Ohio.
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Buyer Overview 1

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 37.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 35 of 223
Sector: Media 1 of 2
Type: Secondary Buyout 4 of 20
State: Ohio 2 of 3
Country: United States 33 of 134
Year: 2007 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-18 Reliance Protectron Security Services

Edmonton, Alberta, Canada

Reliance Protectron Security Services is a provider of home and business security systems serving 77,000 customers in Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Fekkai

New York, New York, United States

Fekkai develops and produces hair and body care products, including shampoos, conditioners, treatments, hair fragrances, and styling products. Additionally, The company owns and operates a number of salons across the United States. Fekkai was founded in 1958 and is based in New York City.

Sell -

Seller Profile 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


Deal Context for Seller #
Overall 33 of 45
Sector: Media 13 of 19
Type: Secondary Buyout 1 of 1
State: Ohio 1 of 1
Country: United States 31 of 43
Year: 2007 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-20 HMP Global

Malvern, Pennsylvania, United States

HMP Global is a provider of healthcare content and continuing medical education events. HMP Communications owns and operates medical journals, trade publications, annual symposia, webcasts, regional meetings, and continuing medical education events for medical and healthcare professionals. HMP Global was founded in 1985 and is based in Malvern, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Marathon Media

Chicago, Illinois, United States

Owns Midwest and northwest regional clusters of AM & FM radio stations. Marathon is led by Chris Devine and his management team to acquire and operate radio stations in smaller markets.

Sell -