Recapitalization • Healthcare Services

American Discovery Capital and Cresset Capital Management Acquire American Pain Consortium

On January 4, 2024, merchant bank American Discovery Capital and Cresset Capital Management acquired healthcare services company American Pain Consortium from American Discovery Capital and J.P. Morgan Private Equity Group

Acquisition Context
  • This is American Discovery Capital’s 2nd and Cresset Capital Management’s 1st transaction in the Healthcare Services sector.
  • This is American Discovery Capital’s 4th and Cresset Capital Management’s 2nd transaction in the United States.
  • This is American Discovery Capital’s 2nd and Cresset Capital Management’s 1st transaction in Indiana.

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M&A Deal Summary

Date January 4, 2024
Target American Pain Consortium
Sector Healthcare Services
Buyer(s) American Discovery Capital
Cresset Capital Management
Sellers(s) American Discovery Capital
J.P. Morgan Private Equity Group
Deal Type Recapitalization
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target Company

American Pain Consortium

Evansville, Indiana, United States
American Pain Consortium receives essential management support provided by American Pain Consortium. APC supports a growing network of interventional pain management practices and pain-focused ambulatory surgical centers (ASC) that provides state-of-the-art, patient-focused support services. American Pain Consortium was founded in 1992 and is based in Evansville, Indiana.
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Buyers Overview 2

DESCRIPTION

American Discovery Capital is a merchant bank focused providing advisory services as well as pursuing investments in family-owned and middle-market companies in high-growth sectors. American Discovery Capital was formed in 2016 and is headquartered in Los Angeles, California.


Deal Context for Buyer #
Overall 4 of 4
Sector: Healthcare Services 2 of 2
Type: Recapitalization 1 of 1
State: Indiana 2 of 2
Country: United States 4 of 4
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Clear Capital Advisors

Los Angeles, California, United States

Clear Capital Advisors is an independent provider of strategic and financial advice on mergers, acquisitions, sales, private capital solutions, and strategic growth initiatives. Its clients are the founders and owners of middle-market and emerging growth companies in technology, internet & digital media, tech-enabled services, health care, and other high growth services. Clear Capital Advisors is based in Los Angeles, California.

Buy -
Buyer

Cresset Capital Management

Chicago, Illinois, United States

Category Company
Founded 2017
Sector Business Services
DESCRIPTION

Cresset provides individuals and families with access to a rich ecosystem of ideas, solutions, and sophisticated talent, bringing together all the resources needed to address the broad range of financial needs and goals clients have. Their services include goals-based financial planning, investment advisory services, private investments, family office services, estate & wealth transfer planning. tax planning, trust services, and banking & lending. Cresset was formed in 2017 and is based in Chicago, Illinois.


Deal Context for Buyer #
Overall 2 of 2
Sector: Healthcare Services 1 of 1
Type: Recapitalization 1 of 1
State: Indiana 1 of 1
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-17 PagnatoKarp

Reston, Virginia, United States

PagnatoKarp is a private wealth management firm and multi-family office with over $9.5 billion assets under management. It specializes in the needs of CEO Founders, entrepreneurs, wealth creators, and ultra-high-net-worth families, fusing portfolio management, financial planning, tax, legal, estate planning, private banking and trust, family coaching, travel, and lifestyle services. PagnatoKarp was formed in 2016 and is based in Reston, Virginia.

Buy -

Seller Profiles 2

DESCRIPTION

American Discovery Capital is a merchant bank focused providing advisory services as well as pursuing investments in family-owned and middle-market companies in high-growth sectors. American Discovery Capital was formed in 2016 and is headquartered in Los Angeles, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Recapitalization 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 Clear Capital Advisors

Los Angeles, California, United States

Clear Capital Advisors is an independent provider of strategic and financial advice on mergers, acquisitions, sales, private capital solutions, and strategic growth initiatives. Its clients are the founders and owners of middle-market and emerging growth companies in technology, internet & digital media, tech-enabled services, health care, and other high growth services. Clear Capital Advisors is based in Los Angeles, California.

Buy -
DESCRIPTION

J.P. Morgan Investment Management Inc. is the private equity and alternative investments group within JP Morgan Chase bank. The Unit was established in 1984 and is headquartered in New York City.


Deal Context for Seller #
Overall 1 of 1
Sector: Healthcare Services 1 of 1
Type: Recapitalization 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 Saphyre

Hoboken, New Jersey, United States

Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more. Saphyre was founded in 2017 and is based in Hoboken, New Jersey.

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