M&A Deal Summary

Redwood Capital Investments Acquires Erickson Living Management

On December 23, 2009, family office Redwood Capital Investments LLC acquired healthcare services company Erickson Living Management LLC for 365M USD

Acquisition Highlights
  • This is Redwood Capital Investments’ 1st transaction in the Healthcare Services sector.
  • This is Redwood Capital Investments’ 1st largest (disclosed) transaction.
  • This is Redwood Capital Investments’ 1st transaction in the United States.
  • This is Redwood Capital Investments’ 1st transaction in Maryland.

M&A Deal Summary

Date 2009-12-23
Target Erickson Living Management LLC
Sector Healthcare Services
Buyer(s) Redwood Capital Investments LLC
Deal Type Special Situations/Distressed
Deal Value 365M USD

Target

Erickson Living Management LLC

Baltimore, Maryland, United States
website
Erickson Living Management LLC is a developer and manager of continuing care retirement communities (CCRCs), manages 17 large campus-style communities in Colorado, Florida, Kansas, Maryland, Massachusetts, Michigan, New Jersey, Pennsylvania, Texas and Virginia.

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Buyer(S) 1

Buyer

Redwood Capital Investments LLC

website


Category Family Office
Founded 2006
SizeSmall
Type Sector Agnostic
DESCRIPTION

Redwood Capital is the private investment company for Jim Davis, a co-founder of Allegis Group. The Firm looks to acquire majority positions and generally seeks companies with established management in place, opportunities to re-invest earnings, and strong market positions with sustainable competitive advantages. Redwood Capital Investments was formed in 2006 and is based in Hanover, Maryland.


DEAL STATS #
Overall 1 of 7
Sector (Healthcare Services) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Maryland) 1 of 3
Country (United States) 1 of 7
Year (2009) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-24 Tradepoint Atlantic LLC

Baltimore, Maryland, United States

Tradepoint Atlantic LLC is a multi modal terminal consisting of deep water berths, short-line railroad connecting to two Class I railroads, and direct interstate access.

Buy $110M