M&A Deal Summary

Prospect Hill Growth Partners Acquires Siromed

On June 12, 2017, private equity firm Prospect Hill Growth Partners acquired healthcare services company Siromed

Acquisition Highlights
  • This is Prospect Hill Growth Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Prospect Hill Growth Partners’ 23rd transaction in the United States.
  • This is Prospect Hill Growth Partners’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-06-12
Target Siromed
Sector Healthcare Services
Buyer(s) Prospect Hill Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Siromed

Waltham, Massachusetts, United States
Siromed is a physician led organization which specializes in pursuing partnerships with physician practices by providing management services and if necessary working capital to assist them with achieving their strategic initiatives in their specialty. Siromed is based in Waltham, Massachusetts.

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Buyer(S) 1

Buyer

Prospect Hill Growth Partners

Waltham, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.

DEAL STATS #
Overall 23 of 32
Sector (Healthcare Services) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 8
State (Massachusetts) 1 of 1
Country (United States) 23 of 32
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 Esselte

Stamford, Connecticut, United States

Esselte Corp. is a manufacturer and marketer of office and consumer products. It takes products to market under the Leitz, Rapid and Esselte brands in the storage and organization, stapling and punch, business machines and do-it-yourself tools product categories.

Sell $333M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-18 EbLens

Torrington, Connecticut, United States

EbLens is a lifestyle retailer of urban-inspired footwear, apparel and accessories. EbLens features regular releases of exclusive and limited-edition footwear as well as the most sought-after and hottest premium brands, including Nike, Jordan, adidas, Timberland, Polo, The North Face, Lacoste and Nautica, among others. Through a growing footprint of stores in key New England and New York markets, EbLens is emerging as a destination for consumers seeking on-trend fashion. EbLens was founded in 1949 and is based in Torrington, Connecticut.

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