M&A Deal Summary

Monroe Capital and Level Equity Management Acquire S&S Health

On August 14, 2018, lender Monroe Capital and private equity firm Level Equity Management acquired insurance company S&S Health

Acquisition Highlights
  • This is Monroe Capital’s 1st and Level Equity Management’s 1st transaction in the Insurance sector.
  • This is Monroe Capital’s 70th and Level Equity Management’s 21st transaction in the United States.
  • This is Monroe Capital’s 3rd and Level Equity Management’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2018-08-14
Target S&S Health
Sector Insurance
Buyer(s) Monroe Capital
Level Equity Management
Deal Type Recapitalization

Target

S&S Health

Cincinnati, Ohio, United States
website
S&S Health is a Third Party Administrator (“TPA”) specializing in a full service health care delivery system. S&S provides a suite of services including claims adjudication and network management directly to middle-market employers as well as providing these services on an outsourced basis to other TPAs. S&S Health is based in Cincinnati, Ohio.

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Buyer(S) 2

Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 70 of 103
Sector (Insurance) 1 of 1
Type (Recapitalization) 7 of 7
State (Ohio) 3 of 3
Country (United States) 70 of 102
Year (2018) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Cal Net Technology Group

Chatsworth, California, United States

Cal Net Technology Group, Inc. is a provider of IT services to organizations. Cal Net offers full and partially outsourced IT service and support capabilities, cloud capabilities, infrastructure design and implementation, security services, and unified communications to the Southern California small and medium sized businesses (“SMB”) market. Cal Net Technology Group, Inc. was founded in 1995 and is based in Chatsworth, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-05 Fathom

Hartland, Wisconsin, United States

Fathom is an on-demand digital manufacturing platforms in North America, serving the comprehensive product development and low- to mid-volume manufacturing needs of the largest and most innovative companies in the world. With more than 25 manufacturing processes and a national footprint with nearly 450,000 square feet of manufacturing capacity across 12 facilities, Fathom blends in-house capabilities across plastic and metal additive technologies, CNC machining, injection molding & tooling, sheet metal fabrication, and design and engineering. Fathom was founded in 1984 and is based in Hartland, Wisconsin.

Buy -
Buyer

Level Equity Management

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2009
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Level Equity Management LLC is a private investment firm focused on providing equity and structured capital to growth businesses. Sectors of interest include e-commerce, healthcare services, IT, internet software, and media. Level Equity Management was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 25 of 59
Sector (Insurance) 1 of 1
Type (Recapitalization) 2 of 2
State (Ohio) 2 of 3
Country (United States) 21 of 49
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 TeamSupport

Dallas, Texas, United States

TeamSupport is a customer support software company purpose-built for B2B software and technology companies. TeamSupport provides a comprehensive suite of post-sale customer support and customer success solutions that help increase collaboration, net retention, customer engagement, and the overall lifetime value of a customer. TeamSupport was founded in 2008 and is headquartered in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-16 Instaclustr

Palo Alto, California, United States

Instaclustr is an Open Source-as-a-Service company, delivers reliability at scale. The Company operatesan automated, proven, and trusted managed environment, providing database, analytics, search, and messaging. The Company enables companies to focus internal development and operational resources on building cutting-edge customer-facing applications. Instaclustr was founded in 2013 and is based in Palo Alto, California.

Buy -
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