M&A Deal Summary

BGH Capital and CapVest Acquire Virtus Health

On April 11, 2022, private equity firms BGH Capital and CapVest acquired healthcare services company Virtus Health for 515M USD

Acquisition Highlights
  • This is BGH Capital’s 3rd and CapVest’s 3rd transaction in the Healthcare Services sector.
  • This is BGH Capital’s 4th and CapVest’s 2nd largest (disclosed) transaction.
  • This is BGH Capital’s 7th and CapVest’s 1st transaction in Australia.

M&A Deal Summary

Date 2022-04-11
Target Virtus Health
Sector Healthcare Services
Buyer(s) BGH Capital
CapVest
Deal Type Going Private
Deal Value 515M USD

Target

Virtus Health

Greenwich, Australia
Virtus Health is a provider of clinical, scientific, diagnostic and day surgery services. Virtus Health was founded in 2008 and is based in Greenwich, Australia.

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Buyer(S) 2

Buyer

BGH Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 2.6B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

BGH Capital is a private equity firm that partners with entrepreneurs and management teams in Australia and New Zealand to build strong, sustainable, market-leading businesses. The Firm pursues mid-market companies and does not have any sector preferences. BGH Capital was formed in 2017 and is headquartered in Melbourne.


DEAL STATS #
Overall 7 of 8
Sector (Healthcare Services) 3 of 3
Type (Going Private) 3 of 4
Country (Australia) 7 of 7
Year (2022) 1 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-25 Laurent

Melbourne, Australia

Laurent manufactures breads, cakes, pastries and savouries for retail and wholesale nationally and internationally. Laurent was founded in 1993 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-31 Pushpay

Redmond, Washington, United States

Pushpay is a provider of mobile commerce tools that facilitate non-point-of-sale payments between consumers and merchants. It also specialises in non-profit organisations and churches. Pushpa was founded in 2011 and is based in Redmond, Washington.

Buy $898M
Buyer

CapVest

London, United Kingdom

Category Private Equity Firm
Founded 1999
PE ASSETS 4.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

CapVest is a UK-based private equity firm that targets investments in mid-market businesses across Europe. CapVest focuses on profitable companies with growth potential and strong management. Specific areas of interest include food/beverages (especially frozen food sector), healthcare, real estate, retail, media, hotel/leisure, and telecommunication services. CapVest is affiliated with junior capital investor, MezzVest. CapVest was formed in 1999 and is based in London.


DEAL STATS #
Overall 18 of 23
Sector (Healthcare Services) 3 of 3
Type (Going Private) 1 of 1
Country (Australia) 1 of 1
Year (2022) 2 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 Rodericks Dental

Northampton, United Kingdom

Rodericks Dental is a provider of NHS, private and specialist dental services and owns 71 practices in England and Wales. Rodericks Dental was founded in 1984 and is based in Northampton, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Second Nature Brands

Madison Heights, Michigan, United States

Second Nature Brands is a creator of snacks and treats that make lives better, naturally. By investing in new product development, thoughtful ingredient sourcing, and innovative business processes, Second Nature Brands is reimagining premium and better-for-you snacks and treats. Under its growing family of brands, Kar's Nuts, Second Nature Snacks, and Sanders Chocolates, Second Nature Brands has an extensive distribution network across the United States and a growing direct-to-consumer eCommerce presence. Second Nature Brands is based in Madison Heights, Michigan.

Buy -