Investment Summary

Adams Street Partners Invests In Lyra Health

On October 6, 2020, asset manager Adams Street Partners invested in medical products company Lyra Health

Investment Highlights
  • This is Adams Street Partners’ 12th transaction in the Medical Products sector.
  • This is Adams Street Partners’ 121st transaction in the United States.
  • This is Adams Street Partners’ 53rd transaction in California.

Investment Summary
Date 2020-10-06
Target Lyra Health
Sector Medical Products
Investor(s) Adams Street Partners
Deal Type Growth Capital

Target

Lyra Health

Burlingame, California, United States
Lyra Health is a provider of Workforce Mental Health benefits, serving 4 million global employees and their dependents. The Company is transforming mental health care using intelligent matching technology, concierge support, and an innovative digital platform to deliver a frictionless experience for members, providers, and employers. Lyra Health was founded in 2015 and is based in Burlingame, California.

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Investor(S) 1

Investor

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.

DEAL STATS #
Overall 133 of 148
Sector (Medical Products) 12 of 12
Type (Growth Capital) 13 of 15
State (California) 53 of 59
Country (United States) 121 of 136
Year (2020) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-26 Fusion Pharmaceuticals

Hamilton, Ontario, Canada

Fusion Pharmaceuticals is a pharmaceutical company focused on the targeted alpha therapy field. Fusion will exploit its unique expertise in linking medical isotopes to targeting molecules to create highly effective therapeutics. Fusion Pharmaceuticals was formed in 2014 and is based in Hamilton, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-26 Accuity Delivery Systems

Mount Laurel, New Jersey, United States

Accuity Delivery Systems is a revenue cycle management business that provides clinical documentation improvement, coding and quality assurance and provider education services to its hospital clients. Accuity Delivery Systems is based in Mount Laurel, New Jersey.

Buy -
Mergr

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