M&A Deal Summary

BBH Capital Partners Acquires Haven Behavioral Healthcare

On August 10, 2016, mezzanine finance firm BBH Capital Partners acquired healthcare services company Haven Behavioral Healthcare from Cressey

Acquisition Highlights
  • This is BBH Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is BBH Capital Partners’ 6th transaction in the United States.
  • This is BBH Capital Partners’ 1st transaction in Tennessee.
Investment Fate
  • Haven Behavioral Healthcare was sold to a consortium of financial buyers in 2018.
  • Haven Behavioral Healthcare was sold to a strategic buyer in 2025.

M&A Deal Summary

Date 2016-08-10
Target Haven Behavioral Healthcare
Sector Healthcare Services
Buyer(s) BBH Capital Partners
Sellers(s) Cressey
Deal Type Recapitalization

Target

Haven Behavioral Healthcare

Nashville, Tennessee, United States
Haven Behavioral Healthcare is a provider of specialized behavioral health services in locations across the country. The hospitals provide inpatient psychiatric stabilization and treatment to adults experiencing acute symptoms of depression, anxiety, psychosis or other severe behavioral problems. Haven Behavioral Healthcare was founded in 2006 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

BBH Capital Partners

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBH Capital Partners is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $10 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBH Capital Partners is an affiliate of Brown Brothers Harriman and is headquartered in New York City.


DEAL STATS #
Overall 6 of 14
Sector (Healthcare Services) 1 of 3
Type (Recapitalization) 1 of 4
State (Tennessee) 1 of 3
Country (United States) 6 of 14
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Liguria Foods

Humboldt, Iowa, United States

Liguria Foods, Inc. is a producer of high-quality pepperoni, salami, and other premium protein pizza toppings for both pizzerias and sandwich shops.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Utility Pipeline

Canton, Ohio, United States

Utility Pipeline is a provider of natural gas distribution and related services to residential, commercial, industrial and government customers across rural and suburban areas of Ohio, Pennsylvania, Indiana, Virginia and West Virginia. Utility Pipeline was founded in 1995 and is based in Canton, Ohio.

Buy -

Seller(S) 1

SELLER

Cressey

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.


DEAL STATS #
Overall 16 of 22
Sector (Healthcare Services) 10 of 13
Type (Recapitalization) 3 of 3
State (Tennessee) 3 of 4
Country (United States) 15 of 21
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Wound Care Specialists

Metairie, Louisiana, United States

Wound Care Specialists is an operator of hospital-based outpatient wound care centers, delivers comprehensive management of hard to heal, chronic wounds in collaboration with treating physicians and local hospitals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 D4C Dental Brands

Atlanta, Georgia, United States

D4C Dental Brands cares children’s oral health. D4C Dental Brands focus on supporting high quality patient care and their commitment to raising the standard in children’s oral health. The company exclusively supporting Pediatric and Orthodontic Practices. D4C Dental Brands is based in Atlanta, Georgia.

Buy -