M&A Deal Summary

Arsenal Capital Partners Acquires Hopebridge

On May 6, 2019, private equity firm Arsenal Capital Partners acquired healthcare services company Hopebridge from Baird Capital and Baird Capital Partners Europe

Acquisition Highlights
  • This is Arsenal Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Arsenal Capital Partners’ 39th transaction in the United States.
  • This is Arsenal Capital Partners’ 3rd transaction in Indiana.

M&A Deal Summary
Date 2019-05-06
Target Hopebridge
Sector Healthcare Services
Buyer(s) Arsenal Capital Partners
Sellers(s) Baird Capital
Baird Capital Partners Europe
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)
DLA Piper (Legal)

Target

Hopebridge

Kokomo, Indiana, United States
Hopebridge provides personalized, comprehensive outpatient Applied Behavior Analysis (ABA), occupational, speech, and feeding therapies for children with an autism spectrum disorder or affected by other behavioral, physical, social, communication, and sensory challenges. Hopebridge was founded in 2005 and is based in Kokomo, Indiana.

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Buyer(S) 1

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 40 of 57
Sector (Healthcare Services) 1 of 3
Type (Secondary Buyout) 8 of 15
State (Indiana) 3 of 4
Country (United States) 39 of 50
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-17 Accumen

Scottsdale, Arizona, United States

Accumen is a healthcare performance partner providing end-to-end strategy and services to drive value and long-term sustainability for the clinical lab, outreach services, patient blood management, and imaging services. Accumen was founded in 2011 and is based in Scottsdale, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Revolution

Little Rock, Arkansas, United States

Revolution is a provider of sustainable, closed-loop plastic products serving the agricultural, consumer, and industrial markets. Revolution was founded in 1996 and is based in Little Rock, Arkansas.

Buy -

Seller(S) 2

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 40 of 50
Sector (Healthcare Services) 2 of 4
Type (Secondary Buyout) 10 of 14
State (Indiana) 2 of 2
Country (United States) 38 of 44
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-20 Tracer

Boise, Idaho, United States

Tracer is a full-service digital risk protection company offering online and mobile app protection solutions as well as corporate domain name registration and management services. AppDetex specializes in the areas outside of the company’s firewall to prevent brand infringement and dilution, including fraud, and piracy within the increasingly complex worlds of mobile apps, marketplaces, social media, websites, and domains. Tracer was founded in 2011 and is based in Boise, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 AEGIS Hedging

The Woodlands, Texas, United States

AEGIS Hedging enables companies to manage their commodity price and interest rate risk through leading software and advisory capabilities. AEGIS provides unique insight into commodity and rate markets, develops and executes cash flow protection strategies, and manages all hedge program activities through a SaaS-enabled E/CTRM and analytics platform. AEGIS Hedging was founded in 2013 and is based in The Woodlands, Texas.

Buy -
SELLER

Baird Capital Partners Europe

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners Europe (BCPE) is the European private equity arm of Baird Private Equity. BCPE invests in lower middle-market companies generating revenues ranging from £10 and £100 million with an enterprise value of £10 - £50 million. Specific areas of interest include industrials, specialty consumer products, aerospace/defense, building materials, electrical equipment, oil/gas equipment, medical devices/equipment, human capital services, transaction processing, process outsourcing, professional/technical services, facilities management, environmental/waste, and marketing services. BCPE looks to invest between £5 and £20 million per transaction. Baird Capital Partners Europe was formed in 1971 and is based in London.

DEAL STATS #
Overall 22 of 32
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 7 of 11
State (Indiana) 1 of 1
Country (United States) 2 of 3
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Crisp

Leeds, United Kingdom

Crisp is a provider of social media brand safety and crisis monitoring services to global brands, media publishers, and social platforms. Crisp was founded in 2005 and is based in Leeds, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Clearwater

Frimley, United Kingdom

Clearwater is a provider of services mainly related to water treatment, hygiene, and compliance across the UK and Ireland. Clearwater has approximately 2,400 customers across a broad range of end markets including healthcare, education, food processing, leisure, and public services. Clearwater was founded in 1990 and is based in Frimley, United Kingdom.

Sell £11M
Mergr

Product

Company

Legal