M&A Deal Summary

Advent International Acquires ATI Physical Therapy

On March 29, 2016, private equity firm Advent International acquired healthcare services company ATI Physical Therapy from KRG Capital Partners

Acquisition Highlights
  • This is Advent International’s 15th transaction in the Healthcare Services sector.
  • This is Advent International’s 64th transaction in the United States.
  • This is Advent International’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2016-03-29
Target ATI Physical Therapy
Sector Healthcare Services
Buyer(s) Advent International
Sellers(s) KRG Capital Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies
UBS Investment Bank (Financial)
Hogan Lovells (Legal)

Target

ATI Physical Therapy

Bolingbrook, Illinois, United States
ATI Physical Therapy is a rehabilitation provider, specializing in research-based physical therapy, workers’ compensation rehab, employer worksite solutions, and sports medicine. ATI Physical Therapy was founded in 1996 and is based in Bolingbrook, Illinois.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 230 of 339
Sector (Healthcare Services) 15 of 18
Type (Secondary Buyout) 27 of 53
State (Illinois) 2 of 7
Country (United States) 64 of 100
Year (2016) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Quest Global Services

Singapore , Singapore

Quest Global Services is a global engineering solutions provider with a proven track record of serving the product development & production engineering needs of high technology companies. Quest Global Services was founded in 1997 and is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-06 Tinsa

Madrid, Spain

Tinsa is a multinational property valuation and consultancy company. Tinsa client portfolio includes the vast majority of financial institutions in the countries in which it operates, companies operating in multiple sectors, public administrations and private individuals. Tinsa was founded in 1985 and is based in Madrid, Spain.

Sell -

Seller(S) 1

SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.

DEAL STATS #
Overall 34 of 41
Sector (Healthcare Services) 5 of 5
Type (Secondary Buyout) 11 of 14
State (Illinois) 5 of 7
Country (United States) 33 of 40
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Fire & Life Safety America

Richmond, Virginia, United States

Fire & Life Safety America is a provider of fire and life safety services to the commercial, industrial, institutional and multy-family markets. Fire & Life Safety America was founded in 1997 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Home Solutions

Somers Point, New Jersey, United States

Home Solutions is a provider of home infusion and home nursing products and services to patients suffering from chronic and acute medical conditions.

Sell $85M
Mergr

Product

Company

Legal