M&A Deal Summary

Amulet Capital Partners Acquires Remedy Health Media

On September 27, 2021, private equity firm Amulet Capital Partners acquired internet software and services company Remedy Health Media from Topspin Partners LBO and Praesidian Capital

Acquisition Highlights
  • This is Amulet Capital Partners’ 1st transaction in the Internet Software and Services sector.
  • This is Amulet Capital Partners’ 7th transaction in the United States.
  • This is Amulet Capital Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2021-09-27
Target Remedy Health Media
Sector Internet Software and Services
Buyer(s) Amulet Capital Partners
Sellers(s) Topspin Partners LBO
Praesidian Capital
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Remedy Health Media

New York, New York, United States
Remedy Health Media is a digital health platform specializing in inspirational video-based storytelling and award-winning digital brands. The Company's portfolio of brands includes HealthCentral, TheBody, TheBodyPro, BerkeleyWellness, and Healthcommunities. Remedy Health Media was founded in 1994 and is based in New York City.

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Buyer(S) 1

DESCRIPTION

Amulet Capital Partners is a private investment firm focused on middle-market investments in the healthcare sector. Amulet looks to commit $25 to $150 million per transaction to a support a variety of transaction situations including, buyouts, corporate divestitures, growth capital financings, and special situations. Amulet Capital was established in 2013 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 8 of 15
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 2 of 3
State (New York) 1 of 2
Country (United States) 7 of 14
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 SSI Strategy

Parsippany, New Jersey, United States

SSI Strategy is a boutique management-consulting firm that has designed a unique model to support scientific functions within Life Science companies. SSI Strategy is based in Parsippany, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Open Health

London, United Kingdom

Open Health is an operator of multi-disciplinary health communications and market access group, operating within four core business areas: medical communications; patient and brand communications; value, informatics, and evidence; and consulting and commercialization. Open Health was founded in 2011 and is based in London, United Kingdom.

Sell -

Seller(S) 2

SELLER

Topspin Partners LBO


Category Private Equity Firm
Founded 2001
PE ASSETS 213M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Topspin LBO is the buyout arm of investment firm Topspin Partners. Topspin LBO looks to invest in established businesses with growing revenue and cash-flow of $2 to $10 million. Prospective companies generally have proven management in place and operate with defensible business models. While, Topspin will consider investing in businesses across the US, the Firm has a strong preference for opportunities serving the Long Island, New York area. Sectors of interest include security services, consumer products, publishing/media, niche manufacturing, food and beverage and restaurants. Topspin LBO was formed in 2001 and is based in Roslyn Heights, New York.


DEAL STATS #
Overall 12 of 12
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 4 of 4
State (New York) 4 of 4
Country (United States) 12 of 12
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 Coop

Los Angeles, California, United States

Coop is a digitally-native designer and marketer of branded adjustable memory-foam pillows and other bedding accessories. The Company primarily sells its products through its website and various e-commerce marketplaces. Coop was founded in 2013 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Mission Cooling

New York, New York, United States

Mission Cooling is a provider of athlete-engineered products designed to enhance performance in training and competition. Mission Cooling was founded in 2009 and is based in New York City.

Buy -
SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 26 of 29
Sector (Internet Software and Services) 2 of 2
Type (Secondary Buyout) 11 of 13
State (New York) 5 of 5
Country (United States) 24 of 27
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Round 2

South Bend, Indiana, United States

Round 2 is an innovative collectibles company that produces model kits, including classic cars and spaceships, die-cast cars, slot cars, and other hobby products. Round 2 was founded in 2007 and is based in South Bend, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 PetWise

Novato, California, United States

PetWise is an industry manufacturer and distributor of branded pet products and accessories. PetWise distributes its products through a diverse mix of channels including e-Commerce, mass merch, pet specialty, club, grocery and others. PetWise was founded in 1991 and is based in Novato, California.

Sell -