Investment Summary

Centerfield Capital Partners and Prairie Capital Invest In P1 Dental Partners

On January 1, 2020, mezzanine finance firm Centerfield Capital Partners and private equity firm Prairie Capital invested in healthcare services company P1 Dental Partners

Investment Highlights
  • This is Centerfield Capital Partners’ 5th and Prairie Capital’s 4th transaction in the Healthcare Services sector.
  • This is Centerfield Capital Partners’ 62nd and Prairie Capital’s 66th transaction in the United States.
  • This is Centerfield Capital Partners’ 10th and Prairie Capital’s 3rd transaction in Indiana.

Investment Summary
Date 2020-01-01
Target P1 Dental Partners
Sector Healthcare Services
Investor(s) Centerfield Capital Partners
Prairie Capital
Deal Type Stake Purchase

Target

P1 Dental Partners

Indianapolis, Indiana, United States
P1 Dental Partners is a physician-led dental service organization (DSO) with multiple practices focused on serving markets in the Midwest. P1 Dental Partners is based in Indianapolis, Indiana.

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Investor(S) 2

Investor

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 62 of 78
Sector (Healthcare Services) 5 of 6
Type (Stake Purchase) 5 of 7
State (Indiana) 10 of 11
Country (United States) 62 of 78
Year (2020) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 EMPI

Anaheim, California, United States

EMPI is a manufacturer and distributor of branded automotive aftermarket parts for vintage Volkswagen vehicles, modern Volkswagen vehicles, and other vehicle brands. EMPI is based in Anaheim, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 Flat River Group

Belding, Michigan, United States

Flat River Group is a value-added distributor of niche and mainstream consumer products as well as a full-service provider of warehousing and fulfillment services to a variety of eCommerce retailers throughout the United States and Canada. Flat River Group's capabilities include delivering orders to its eCommerce retailer customers' warehouses and also dropshipping products direct to the end consumer. Flat River Group was founded in 2011 and is based in Belding, Michigan.

Buy -
Investor

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.

DEAL STATS #
Overall 67 of 78
Sector (Healthcare Services) 4 of 4
Type (Stake Purchase) 1 of 1
State (Indiana) 3 of 3
Country (United States) 66 of 76
Year (2020) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Legacy Hospice

Daphne, Alabama, United States

Legacy Hospice Holdings is a provider of hospice services in rural, lower-cost settings with 70% of the Company’s care administered in the patient’s home. Legacy currently services more than 600 patients daily from 21 office locations throughout seven contiguous states in the Southeast. Legacy Hospice is based in Daphne, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-21 Netalytics

Greer, South Carolina, United States

Netalytics is a software development company with a focus on creating solutions for the behavior healthcare industry. Its comprehensive purpose-built solutions provide a wide array of functionality, including managing inventory, controlling dosing, and tracking regulatory compliance. Netalytics is based in Greer, South Carolina.

Buy -
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