M&A Deal Summary

Argenta Partners Acquires Avita

On January 1, 2016, private equity firm Argenta Partners acquired life science company Avita from Harbert Private Capital

Acquisition Highlights
  • This is Argenta Partners’ 1st transaction in the Life Science sector.
  • This is Argenta Partners’ 8th transaction in the United States.
  • This is Argenta Partners’ 1st transaction in Louisiana.
Investment Fate
  • Avita was sold to a consortium of financial buyers in 2019.

M&A Deal Summary

Date 2016-01-01
Target Avita
Sector Life Science
Buyer(s) Argenta Partners
Sellers(s) Harbert Private Capital
Deal Type Secondary Buyout

Target

Avita

Baton Rouge, Louisiana, United States
Avita is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita was founded in 2003 and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

Argenta Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Argenta Partners is a private equity group that acquires controlling equity stakes in growth-oriented, mid-sized companies. Argenta will consider a variety of transaction situations; including, recapitalizations, buyouts, divestitures, and consolidations. Broad sectors of interest include manufacturing, service, transportation, and value-added distribution. Prospective companies generally have revenues of $10 to $125 million and EBITDA of at least $2 million. The Firm avoids investing in businesses with rapidly changing technology; or in retail, banking, real estate or commodity businesses. Argenta Partners was formerly known as Lynch Investment Company. Argenta Partners was established in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 8 of 8
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Louisiana M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-13 NovaLink

Brownsville, Texas, United States

NovaLink is a provider of a wide-variety of manufacturing and distribution services for U.S.-based companies through state-of-the-art facilities in Mexico. NovaLink is based in Brownsville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 GAHH

North Hollywood, California, United States

GAHH is a designer, manufacturer, and marketer of aftermarket convertible tops, Jeep tops, seat covers and vehicle interiors. GAHH was founded in 1979 and is based in North Hollywood, California.

Sell -

Seller(S) 1

SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 26 of 44
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 6 of 8
State: Louisiana M&A 1 of 1
Country: United States M&A 25 of 43
Year: 2016 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 Arbor Metals

Dallas, Texas, United States

Arbor Metals is an international trader, processor and stocking metal service center for stainless steel and aluminum strip and coil. Arbor Metals is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-03 Envera Health

Richmond, Virginia, United States

Envera Health is a provider of patient engagement service platform delivers an ecosystem of connectivity to strengthen health systems and physician practices. Envera Health is based in Richmond, Virginia.

Buy -