Investment Summary

Avesi Partners Invests In First Steps Recovery

On April 23, 2024, private equity firm Avesi Partners invested in healthcare services company First Steps Recovery

Investment Highlights
  • This is Avesi Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Avesi Partners’ 5th transaction in the United States.
  • This is Avesi Partners’ 3rd transaction in California.

Investment Summary
Date 2024-04-23
Target First Steps Recovery
Sector Healthcare Services
Investor(s) Avesi Partners
Deal Type Growth Capital

Target

First Steps Recovery

Clovis, California, United States
First Steps Recovery is a provider of adult-focused, SUD services across a full continuum of care including medical detox, residential treatment, partial hospitalization programs, intensive outpatient programs, and telehealth therapy. First Steps Recovery is based in Clovis, California.

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Investor(S) 1

Investor

Avesi Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2021
PE ASSETS 875M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Avesi Partners is a private equity firm focused on acquiring and investing in profitable, mid-sized companies operating in the healthcare IT, healthcare services, and business services sectors. Target companies have at least $5 million of EBITDA and are valued between $50 and $300 million. Avesi Partners was formed in 2021 and is headquartered in Stamford, Connecticut.

DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 2 of 2
Type (Growth Capital) 4 of 4
State (California) 3 of 3
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-16 Muir Wood

Petaluma, California, United States

Muir Wood provides comprehensive therapy services to adolescents between 12-17 years old who are experiencing mental health and/or substance use disorders. The company's gender-specific and trauma-informed programming is delivered by its experienced team of therapists, psychiatrists, and nurses. Further, as an in-network provider with some of the nation's leading health plans, it provides quality of evidence-based care to adolescents and their families in an accessible manner. Muir Wood was founded in 2013 and is based in Petaluma, California.

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