M&A Deal Summary

FFL Partners Acquires Medicus IT

On July 10, 2024, private equity firm FFL Partners acquired information technology company Medicus IT from 424 Capital

Acquisition Highlights
  • This is FFL Partners’ 8th transaction in the Information Technology sector.
  • This is FFL Partners’ 49th transaction in the United States.
  • This is FFL Partners’ 7th transaction in Georgia.

M&A Deal Summary

Date 2024-07-10
Target Medicus IT
Sector Information Technology
Buyer(s) FFL Partners
Sellers(s) 424 Capital
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Whiteman Osterman & Hanna (Legal)

Target

Medicus IT

Alpharetta, Georgia, United States
Medicus IT is an IT healthcare-focused managed service provider. Medicus advise practices on how to establish secure, HIPAA compliant, and efficient IT solutions, while continually working alongside them to manage IT operations, further increasing efficiency and stability. Medicus IT was founded in 2004 and is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.


DEAL STATS #
Overall 53 of 53
Sector (Information Technology) 8 of 8
Type (Secondary Buyout) 16 of 16
State (Georgia) 7 of 7
Country (United States) 49 of 49
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-19 Apex Infusion Pharmacy

Signal Hill, California, United States

Apex Infusion Pharmacy is a fast-growing provider of ambulatory infusion therapy services. Apex Infusion Pharmacy was founded in 2006 and is based in Signal Hill, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Eyemart Express

Farmers Branch, Texas, United States

Eyemart Express is an independent, value-focused optical retailer with over 150 stores in more than 30 states. The company provides a broad selection of high-quality private label and branded frames with convenient one-hour service in all locations. Eyemart Express was formed in 1990 and is based in Farmers Branch, Texas.

Sell -

Seller(S) 1

DESCRIPTION

424 Capital is a growth capital partner that makes control equity investments in lower middle-market companies within B2B Tech-Enabled Services. 424 Capital works in partnership with founders and management teams to accelerate and scale for long-term growth. Focusing primarily on investments in North America, we invest in companies that are profitable, growing, and that align with our values of honesty, integrity, and impact. 424 Capital was founded in 1995 and is headquartered in Wakefield, Massachusetts.


DEAL STATS #
Overall 10 of 10
Sector (Information Technology) 4 of 4
Type (Secondary Buyout) 1 of 1
State (Georgia) 1 of 1
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-29 VaLogic

Frederick, Maryland, United States

VaLogic provides a wide range of services, including calibration, CQV (Commissioning, Qualification, and Validation), environmental monitoring, and certification. The specialization in pharmaceuticals, biotechnology, and life sciences ensures guaranteed unwavering compliance, operational efficiency, and excellence. VaLogic was formed in 2001 and is based in Frederick, Maryland.

Buy -