M&A Deal Summary

Apax and Audax Private Debt Acquire SavATree

On August 31, 2021, private equity firm Apax and mezzanine finance firm Audax Private Debt acquired environmental company SavATree from CI Capital Partners

Acquisition Highlights
  • This is Apax’s 3rd and Audax Private Debt’s 1st transaction in the Environmental sector.
  • This is Apax’s 98th and Audax Private Debt’s 74th transaction in the United States.
  • This is Apax’s 16th and Audax Private Debt’s 6th transaction in New York.

M&A Deal Summary

Date 2021-08-31
Target SavATree
Sector Environmental
Buyer(s) Apax
Audax Private Debt
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

SavATree

Bedford Hills, New York, United States
SavATree is a provider of tree care, plant health care, and lawn care services to residential, commercial, and government customers. SavATree was founded in 1984 and is based in Bedford Hills, New York.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

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 241 of 266
Sector: Environmental M&A 3 of 3
Type: Secondary Buyout M&A Deals 58 of 67
State: New York M&A 16 of 19
Country: United States M&A 98 of 107
Year: 2021 M&A 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Paycor

Cincinnati, Ohio, United States

Paycor delivers modern, intuitive recruiting, HR, and payroll solutions. The company partners with businesses to optimize the management of their most valuable assets. Paycor’s personalized support and user-friendly technology ensure that key business processes, including recruiting, onboarding, reporting, timekeeping, compliance, and payroll, run smoothly. Paycor was formed in 1990 and is based in Cincinnati, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Wizeline

San Francisco, California, United States

Wizeline, a global technology services provider, builds high-quality digital products and platforms that accelerate time to market. The company focuses on measurable outcomes, partnering with customers to modernize core technologies, mature data-driven capabilities, and improve user experience. Wizeline was founded in 2014 and is based in San Francisco, California.

Sell -
Buyer

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 76 of 120
Sector: Environmental M&A 1 of 2
Type: Secondary Buyout M&A Deals 36 of 58
State: New York M&A 6 of 10
Country: United States M&A 74 of 118
Year: 2021 M&A 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Summit Spine & Joint Centers

Lawrenceville, Georgia, United States

Summit Spine & Joint Centers operates ambulatory surgery centers and pain management clinics in the greater Atlanta area. Summit provides interventional pain management treatment to patients who suffer from chronic pain symptoms. Summit Spine & Joint Centers was founded in 2014 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 RailWorks

New York, New York, United States

RailWorks provides track construction, electrical systems construction, maintenance services, and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. RailWorks was formed in 1998 and is based in New York, New York.

Sell -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 22 of 27
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 9 of 14
State: New York M&A 1 of 1
Country: United States M&A 20 of 25
Year: 2021 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Impact Group

Boise, Idaho, United States

Impact Group is a sales and marketing agency that provides outsourced sales, marketing, and merchandising services to consumer packaged goods manufacturers. Consumer packaged goods manufacturers rely on sales and marketing agencies, such as Impact Group, for sales execution, relationships with retailers, and on-the-ground presence at the retailers. Impact Group helps its clients establish sales budgets and promotional strategies, analyze sales data and trends, and holds retailers accountable for their in-store treatment of products. Impact Group was founded in 1994 and is based in Boise, Idaho.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Summit Companies

Mendota Heights, Minnesota, United States

Summit Companies provides fire and life safety services and installation services, including inspection, testing, and monitoring, service and repair, installation, and consulting services for fire protection, life safety, and security systems. Summit Companies was established in 1999 and is based in Mendota Heights, Minnesota.

Sell -