M&A Deal Summary

TA Associates Acquires Twin Med

On June 25, 2007, private equity firm TA Associates acquired distribution company Twin Med from Bison Capital Asset Management for 103M USD

Acquisition Highlights
  • This is TA Associates’ 1st transaction in the Distribution sector.
  • This is TA Associates’ 20th largest (disclosed) transaction.
  • This is TA Associates’ 136th transaction in the United States.
  • This is TA Associates’ 20th transaction in California.
Investment Fate
  • Twin Med was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2007-06-25
Target Twin Med
Sector Distribution
Buyer(s) TA Associates
Sellers(s) Bison Capital Asset Management
Deal Type Recapitalization
Deal Value 103M USD
Advisor(s) JMP Securities (Financial)
Klee, Tuchin, Bogdanoff & Stern (Legal)

Target

Twin Med

Santa Fe Springs, California, United States
website
Twin Med LLC is a provider of non-pharmaceutical medical supplies to the long-term care industry. Twin Med offers a broad range of disposable medical supplies such as incontinence products, nursing, diabetic and respiratory supplies, non-prescription medicines, linens, enterals, durable medical equipment and janitorial supplies to skilled nursing facility operators throughout the United States. Twin Med was founded in 1998 and is based in Santa Fe Springs, California.

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Buyer(S) 1

Buyer

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 149 of 360
Sector (Distribution) 1 of 2
Type (Recapitalization) 11 of 17
State (California) 20 of 36
Country (United States) 136 of 261
Year (2007) 7 of 9
Size (of disclosed) 20 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-19 Compbenefits

Roswell, Georgia, United States

CompBenefits Corporation provides dental and vision care benefit plans in the United States.

Sell $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 PROS

Houston, Texas, United States

PROS is a provider of pricing and revenue optimization software products, specializing in price analytics, price execution, and price optimization. PROS was founded in 1985 and is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

Bison Capital Asset Management

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2001
PE ASSETS 10.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bison Capital is a private equity firm which makes non-control investments in middle-market companies with revenue of $20 to $500 million and at least $5 million of EBITDA. Bison Capital invests in businesses to finance their growth, balance sheet restructurings, recapitalizations, and to fund buyouts. Bison looks to invest between $10 and $30 million per transaction. Bison Capital was formed in 2001 and is based in Los Angeles, California with an additional office in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 14
Sector (Distribution) 1 of 1
Type (Recapitalization) 1 of 2
State (California) 1 of 9
Country (United States) 1 of 13
Year (2007) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-30 Royal Wolf

Gordon, Australia

Royal Wolf Australia is a provider of container solutions to the resources, construction, logistics, manufacturing, retail, and portable storage industries in Australia and New Zealand. Royal Wolf was formed in 1995 and is based in Gordon, Australia.

Buy AU$45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-29 Big Rock Sports

Graham, North Carolina, United States

Big Rock Sports is a distributor of fishing, shooting sports, and camping equipment in the U.S. The Company supplies over 100,000 SKUs to nearly 15,000 independent specialty retailers as well as select category chains and mass retailers. Big Rock Sports was formed in 1996 and is based in Graham, North Carolina.

Buy -