M&A Deal Summary

North Castle Partners and aPriori Capital Partners Acquire CRC Health

On June 10, 2002, private equity firms North Castle Partners and aPriori Capital Partners acquired healthcare services company CRC Health

Acquisition Highlights
  • This is North Castle Partners’ 1st and aPriori Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is North Castle Partners’ 7th and aPriori Capital Partners’ 12th transaction in the United States.
  • This is North Castle Partners’ 3rd and aPriori Capital Partners’ 3rd transaction in California.
Investment Fate
  • CRC Health was sold to existing investors in 2003.
  • CRC Health was sold to a consortium of financial buyers in 2005 for 720M USD.
  • CRC Health was sold to a publicly-traded strategic buyer in 2014 for 1.2B USD.

M&A Deal Summary

Date 2002-06-10
Target CRC Health
Sector Healthcare Services
Buyer(s) North Castle Partners
aPriori Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

CRC Health

Cupertino, California, United States
CRC Health Group is a provider of treatment and educational programs for addiction and related behavioral health disorders.

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Buyer(S) 2

Buyer

North Castle Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

North Castle Partners is a specialist private equity firm that targets investments in consumer-driven product and service businesses. North Castle seeks control investments in companies that benefit from consumers looking to live 'healthier' lives as well as businesses that benefit from the baby boomer population. Specific areas of interest include aesthetics and personal care, consumer health, fitness and recreation, home and leisure, and nutrition. North Castle was formed in 1997 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 8 of 48
Sector: Healthcare Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 26
State: California M&A 3 of 11
Country: United States M&A 7 of 46
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 DDF Skincare

Cincinnati, Ohio, United States

Doctor's Dermatologic Formula (DDF) formulates and markets therapeutic skincare "cosmeceutical" products providing the most comprehensive solutions available without a prescription.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-21 Leiner Health Products

Carson, California, United States

Leiner Health Products, Inc. is a manufacturer and marketer of vitamins, minerals and nutritional supplements and over the counter ('OTC') pharmaceuticals.

Sell USD650M
Buyer

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 16 of 56
Sector: Healthcare Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 26
State: California M&A 3 of 5
Country: United States M&A 12 of 40
Year: 2002 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Aspen

Hamilton, Bermuda

Aspen is a provider of reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, and the United States. Aspen was founded in 2002 and is based in Hamilton, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Seabulk International

Ft. Lauderdale, Florida, United States

Seabulk International, Inc. is a provider of marine support and transportation services. Seabulk is principally engaged in three main businesses: offshore energy support, marine transportation and towing.

Buy -