Secondary Buyout • Healthcare Services

Archer Capital Acquires Healthe Care

On June 9, 2011, private equity firm Archer Capital acquired healthcare services company Healthe Care from CPE Capital for 240M USD

Acquisition Context
  • This is Archer Capital’s 2nd transaction in the Healthcare Services sector.
  • This is Archer Capital’s 5th largest (disclosed) transaction.
  • This is Archer Capital’s 24th transaction in Australia.
Investment Fate
  • Healthe Care was sold to a publicly-traded strategic buyer in 2015 for 938M AUD.
  • Healthe Care was divested to a consortium of buyers in 2021.

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M&A Deal Summary

Date June 9, 2011
Target Healthe Care
Sector Healthcare Services
Buyer(s) Archer Capital
Sellers(s) CPE Capital
Deal Type Secondary Buyout
Deal Value 240M USD

Target Company

Healthe Care

Sydney, Australia
Healthe Care operates 12 private hospitals (10 acute and 2 psychiatric hospitals) across New South Wales, Queensland, Tasmania, and Victoria. The company also provides a range of outpatient services, including community nursing in the Hunter and Central region of New South Wales as well as workplace health services in Canberra and Melbourne. Healthe Care is based in Sydney, Australia.
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Buyer Overview 1

Buyer

Archer Capital

Sydney, Australia

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.


Deal Context for Buyer #
Overall 29 of 39
Sector: Healthcare Services 2 of 3
Type: Secondary Buyout 2 of 5
Country: Australia 24 of 32
Year: 2011 4 of 5
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Team Moto Group

Springwood, QLD, Australia

Team Moto Group, is a distributor of motorcycles and motorcycle accessories with dealerships located in Queensland and New South Wales. Archer Capital has partnered with David Ahmet, the Group’s CEO and co-Founder, to pursue growth opportunities in the industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-16 Quick Service Restaurants Holdings Pty

Balcatta, Australia

Quick Service Restaurants Holdings Pty Ltd. is an operator of quick service restaurants with over 620 stores across Australia under the Red Rooster, Oporto and Chicken Treat brands.

Buy -

Seller Profile 1

SELLER

CPE Capital

Sydney, Australia

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 3.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CHAMP Private Equity is an Australian private equity firm focused on seed, expansion stage, and buyout investments across a range of industry sectors. CHAMP's buyout practice looks for businesses valued A$100 million and A$750 million, requiring at least A$30 million in equity capital. The Firm primarily looks for businesses operating in Australia and New Zealand. CHAMP is affiliated with New York based private equity firm Castle Harlan. CHAMP Private Equity was formed in 2000 and is based in Sydney.


Deal Context for Seller #
Overall 11 of 27
Sector: Healthcare Services 2 of 2
Type: Secondary Buyout 5 of 11
Country: Australia 10 of 24
Year: 2011 1 of 2
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Accolade Wines

Reynella, Australia

Accolade Wines is a global wine company with brands sold in over 80 countries including Australia, the UK, Mainland Europe, the US, Canada, Japan and China. Accolade Wines is based in Reynella, Australia.

Buy AU$290M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-30 Food Holdings Pty

Sydney, Australia

Food Holdings Pty Ltd dba Manassen Foods has been providing service excellence to the multi faceted FMCG industry and is today ranked in the top 40 suppliers. Manassen Food With an exceptional stable of the finest imported and local food brands, Manassen Foods is Australia’s leading independent grocery importer and a One-Stop-Shop solution for brand owners across the globe. Manassen Foods Australia employs a dedicated and passionate workforce of over 350 people whose values, commitment to excellence and corporate pride are commonly aligned.

Sell -