M&A Deal Summary

4 West Holdings Acquires Covenant Dove

On November 27, 2013, 4 West Holdings acquired healthcare services company Covenant Dove from Behrman Capital

Acquisition Highlights
  • This is 4 West Holdings’ 1st transaction in the Healthcare Services sector.
  • This is 4 West Holdings’ 1st transaction in the United States.
  • This is 4 West Holdings’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2013-11-27
Target Covenant Dove
Sector Healthcare Services
Buyer(s) 4 West Holdings
Sellers(s) Behrman Capital
Deal Type Divestiture

Target

Covenant Dove

Bartlett, Tennessee, United States
Ark Holding Co., Inc. (dba Covenant Dove) is a provider of long term health care facilities.

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Buyer(S) 1

Buyer

4 West Holdings

United States

Category Company
Sector Healthcare Services
DESCRIPTION

4 West Holdings, Inc. is a provider of healthcare services.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Behrman Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.


DEAL STATS #
Overall 15 of 23
Sector (Healthcare Services) 3 of 3
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 15 of 23
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-09 Atherotech

Birmingham, Alabama, United States

Atherotech is a clinical reference laboratory specializing in diagnostic testing for cardio-metabolic disease. The Company’s proprietary “VAP” test allows physicians to identify at-risk patients through a variety of cholesterol and lipid bio-markers with much greater accuracy and at significantly lower cost to the health care system than competitive testing products. The company’s state-of-the-art central laboratory processes millions of tests annually.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Brooks Equipment

Charlotte, North Carolina, United States

Brooks Equipment is a distributor of first response fire protection equipment and related parts. Brooks Equipment operates via an extensive network of 16 distribution centers nationwide, through which it offers more than 200,000 products across every major fire and life safety brand. Brooks Equipment was founded in 1941 and is based in Charlotte, North Carolina.

Buy -