Investment Summary

Celerity Partners, NewSpring Capital, Gemini Investors and Fletch Equity Invest In TotalCareRX

On July 6, 2018, private equity firms Celerity Partners, NewSpring Capital, Gemini Investors and Fletch Equity invested in life science company TotalCareRX

Investment Highlights
  • This is Celerity Partners’ 7th, NewSpring Capital’s 11th, Gemini Investors’ 3rd and Fletch Equity’s 2nd transaction in the Life Science sector.
  • This is Celerity Partners’ 24th, NewSpring Capital’s 126th, Gemini Investors’ 87th and Fletch Equity’s 5th transaction in the United States.
  • This is Celerity Partners’ 1st, NewSpring Capital’s 9th, Gemini Investors’ 5th and Fletch Equity’s 1st transaction in New York.

Investment Summary

Date 2018-07-06
Target TotalCareRX
Sector Life Science
Investor(s) Celerity Partners
NewSpring Capital
Gemini Investors
Fletch Equity
Deal Type Growth Capital

Target

TotalCareRX

Oakland Gardens, New York, United States
TotalCareRX is a provider of specialty and long-term care pharmacy services to chronically ill patients primarily in transplant care, Cystic Fibrosis, HIV, and oncology therapeutic areas. TotalCareRX was founded in 1988 and is based in Oakland Gardens, New York.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 4

Investor

Celerity Partners

Los Angeles, California, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Celerity Partners is a private equity firm that has invested equity capital in the change of control transactions of private companies. Celerity Partners typically partner with business owners to provide liquidity to entrepreneur and family-owned businesses, recapitalize existing owners of independent companies or facilitate corporate divestitures. Celerity Partners will consider investment opportunities across a wide range of industries in Healthcare, Contract Manufacturing, Energy Services, Infrastructure, and Environmental Services, and Transportation & Logistics. Celerity Partners was formed in 1995 and is based in Los Angeles, California.


DEAL STATS #
Overall 25 of 26
Sector: Life Science M&A 7 of 7
Type: Growth Capital M&A Deals 5 of 6
State: New York M&A 1 of 1
Country: United States M&A 24 of 25
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-16 Meridien Research

Winter Park, Florida, United States

Meridien Research is a multi-specialty clinical research site company which conducts Phase I-IV inpatient and outpatient clinical trials for global, mid-sized pharmaceutical and biotech sponsors, as well as the largest contract research organizations (“CROs”). Meridien’s research covers more than 50 indications, with the range of therapeutic areas spanning central nervous system, mental health, neurology, metabolic and endocrine disorders and women’s health. Meridien Research was founded in 2000 and is based in Winter Park, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Relation

Walnut Creek, California, United States

Relation is a premier insurance broker that offers superior risk-management and benefits-consulting services through its family of brands across the U.S. It is ranked by Insurance Journal within the top 45 largest agencies in the country by revenue and has nearly 500 employees in more than 30 locations nationwide. Relation was founded in 2007 and is based in Walnut Creek, California.

Sell -
Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 127 of 201
Sector: Life Science M&A 11 of 12
Type: Growth Capital M&A Deals 59 of 106
State: New York M&A 9 of 17
Country: United States M&A 126 of 197
Year: 2018 M&A 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Jobson Healthcare Information

New York, New York, United States

Jobson Healthcare Information LLC is an integrated healthcare information and marketing services provider. Through its diversified, multi-media portfolio of marketing services, information databases, trade publications, medical education programs, events, websites and other digital and traditional media services, JHI is uniquely positioned to reach, educate and influence a highly targeted network of approximately one million healthcare professionals across more than 20 specialties. Jobson Healthcare Information LLC was founded in 1958 and is based in New York city.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Radius Global Market Research

New York, New York, United States

Radius is a custom research firm specializing in data and market research that enable brands to make more informed product development, advertising, and other strategic business decisions. Radius Global Market Research was founded in 1960 and is based in New York City.

Buy -
Investor

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 87 of 129
Sector: Life Science M&A 3 of 3
Type: Growth Capital M&A Deals 25 of 39
State: New York M&A 5 of 9
Country: United States M&A 87 of 129
Year: 2018 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 New Era Technology

West Chester, Pennsylvania, United States

New Era Technology, Inc.(old) is a technology specialized integrator of professional audiovisual systems for business, education, government, and healthcare marketplaces. New Era Technology, Inc.(old) is founded in 1985 and is based in West Chester, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 AOTCO Metal Finishing

Billerica, Massachusetts, United States

AOTCO Metal Finishing provides metal finishing services to prime manufacturers and their subcontractors in the aerospace, medical, defense, optical and other advanced technology industries. AOTCO Metal Finishing was founded in 1975 and is based in Billerica, Massachusetts.

Buy -
DESCRIPTION

Fletch Equity is a private equity firm focused on the lower middle-market change of control transactions valued from $15 to $75 million. The Firm has a preference for profitable companies ($2 to $20 million of EBITDA) operating in fragmented industries and will consider opportunities throughout the US. Fletch Equity is headquartered in Los Angeles, California.


DEAL STATS #
Overall 5 of 8
Sector: Life Science M&A 2 of 2
Type: Growth Capital M&A Deals 2 of 4
State: New York M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 TruFit Athletic Clubs

McAllen, Texas, United States

TruFit Athletic Clubs is an operator of an independent high-value, low-cost fitness club chain. TruFit Athletic Clubs was founded in 2006 and is based in McAllen, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Western Jet Aviation

Van Nuys, California, United States

Western Jet Aviation provides maintenance, repair, and avionics services for business and general aviation aircraft. Western Jet Aviation was founded in 1999 and is based in Van Nuys, California.

Buy -