M&A Deal Summary

Apax Acquires Eating Recovery Center

On October 6, 2021, private equity firm Apax acquired healthcare services company Eating Recovery Center from CCMP Capital

Acquisition Highlights
  • This is Apax’s 14th transaction in the Healthcare Services sector.
  • This is Apax’s 99th transaction in the United States.
  • This is Apax’s 5th transaction in Colorado.

M&A Deal Summary

Date 2021-10-06
Target Eating Recovery Center
Sector Healthcare Services
Buyer(s) Apax
Sellers(s) CCMP Capital
Deal Type Secondary Buyout

Target

Eating Recovery Center

Denver, Colorado, United States
Eating Recovery Center is a behavioral health provider specializing in the treatment of eating disorders. Eating Recovery Center was founded in 2007 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 243 of 266
Sector: Healthcare Services M&A 14 of 14
Type: Secondary Buyout M&A Deals 59 of 67
State: Colorado M&A 5 of 5
Country: United States M&A 99 of 107
Year: 2021 M&A 16 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 ThoughtWorks

Chicago, Illinois, United States

ThoughtWorks is a global software consultancy and a community of passionate, purpose-led individuals. The company is a provider in the implementation of cutting-edge software development techniques such as Agile Development, which lower development costs and time-to-market for its clients. ThoughtWorks was established in 1993 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-13 ClassPass

New York, New York, United States

ClassPass connects members to a variety of fitness experiences, including yoga, cycling, pilates, barre, running, strength training, dance, sports, videos, and more with over 10,000 partners in 50 cities worldwide. ClassPass was formed in 2013 and is based in New York City.

Sell -

Seller(S) 1

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 78 of 79
Sector: Healthcare Services M&A 4 of 4
Type: Secondary Buyout M&A Deals 23 of 23
State: Colorado M&A 7 of 7
Country: United States M&A 61 of 62
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Hillman Solutions

Forest Park, Ohio, United States

Hillman Solutions is a distributor of fasteners, key blanks, signage and other small hardware components and a leading manufacturer of key making equipment. The company operates in multiple channels of the retail marketplace including national and regional home centers, hardware stores and mass merchants. Hillman Solutions is based in Forest Park, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-30 ARC

Walnut Creek, California, United States

ARC is a reprographics company providing document management services to the architectural, engineering and construction industries and to other industries that require sophisticated document management services. ARC is headquartered in Walnut Creek, California.

Sell -