Investment Summary

Blue Sea Capital and Apogem Capital Invest In Spectrum Vision Partners

On October 25, 2017, private equity firm Blue Sea Capital and asset manager Apogem Capital invested in healthcare services company Spectrum Vision Partners

Investment Highlights
  • This is Blue Sea Capital’s 3rd and Apogem Capital’s 4th transaction in the Healthcare Services sector.
  • This is Blue Sea Capital’s 5th and Apogem Capital’s 60th transaction in the United States.
  • This is Blue Sea Capital’s 1st and Apogem Capital’s 2nd transaction in New York.

Investment Summary

Date 2017-10-25
Target Spectrum Vision Partners
Sector Healthcare Services
Investor(s) Blue Sea Capital
Apogem Capital
Deal Type Growth Capital

Target

Spectrum Vision Partners

Garden City, New York, United States
Spectrum Vision Partners is a management services organization serving the ophthalmology sector. The company provides world-class practice management solutions to a network of nationally renowned multi-specialty ophthalmologists in the Tri-State region. It provides a comprehensive set of business support functions, including billing and collections, marketing, financial and accounting services, benefits and payroll management, and information technology. Spectrum Vision Partners was formed in 1997 and is based in Garden City, New York.

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Investor(S) 2

Investor

Blue Sea Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 327M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sea Capital is a private equity firm focused on majority investments in middle-market aerospace, defense, healthcare, and industrial companies. Blue Sea will consider opportunities throughout North America with a focus on businesses with differentiated products/services. The Firm can commit up to $150 million in transactions valued up to $300 million. Blue Sea Capital was formed in 2013 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 5 of 18
Sector (Healthcare Services) 3 of 8
Type (Growth Capital) 2 of 6
State (New York) 1 of 1
Country (United States) 5 of 18
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-17 NSi Industries

Huntersville, North Carolina, United States

NSi Industries is a provider of a wide variety of electrical connectors including insulated connectors and mechanical, digital time controls, time switches, wire management products, and related electrical components for construction, maintenance, and repair applications. NSi Industries was established in 1975 and is based in Huntersville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 RESA Power

Houston, Texas, United States

RESA Power is a provider of high-end, mission-critical electrical system services and products for industrial, commercial, institutional, government, and utility end-users across North America. The technicians and engineers at RESA are experts in testing and servicing transformers, relays, breakers and other key components of power distribution and control systems. It also provides quick turn-around custom manufactured or retrofit switchgear & breaker solutions and maintains an extensive inventory of obsolete and hard-to-find components. RESA Power was formed in 1928 and is based in Houston, Texas.

Buy -
Investor

Apogem Capital

Chicago, Illinois, United States

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 60 of 69
Sector (Healthcare Services) 4 of 4
Type (Growth Capital) 7 of 10
State (New York) 2 of 2
Country (United States) 60 of 69
Year (2017) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 Parker Food Group

Fort Worth, Texas, United States

Parker Food Group is a manufacturer of custom specialty ingredients used by a wide array of well-known food & beverage companies. Parker’s product offerings include toppings, inclusions, grinds, flavor bases, icings, swirls, and other innovative items. It has built a strong and loyal following thanks to its proven R&D team, flexibility, and capabilities to quickly deliver unique offerings using clean-label, natural, and organic ingredients. Parker Food Group was formed in 1926 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Astrodyne TDI

Hackettstown, New Jersey, United States

Astrodyne TDI is a designer, manufacturer, and distributor of AC/DC power supplies, DC/DC converters, and external and wall-mount power adapters through catalog, direct sales, and internet. Astrodyne TDI was founded in 1994 and is based in Hackettstown, New Jersey.

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