M&A Deal Summary

Frazier Healthcare Partners and Alvarez & Marsal Capital Partners Acquire AirLife

On August 5, 2021, growth capital firm Frazier Healthcare Partners and private equity firm Alvarez & Marsal Capital Partners acquired medical products company AirLife

Acquisition Highlights
  • This is Frazier Healthcare Partners’ 4th and Alvarez & Marsal Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Frazier Healthcare Partners’ 41st and Alvarez & Marsal Capital Partners’ 12th transaction in the United States.
  • This is Frazier Healthcare Partners’ 2nd and Alvarez & Marsal Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2021-08-05
Target AirLife
Sector Medical Products
Buyer(s) Frazier Healthcare Partners
Alvarez & Marsal Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

AirLife

Grand Rapids, Michigan, United States
AirLife is the global leader in consumable breathing products, specializing in respiratory care, anesthesia, and patient monitoring solutions. AirLife was founded in 1981 and is based in Grand Rapids, Michigan.

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Buyer(S) 2

Buyer

Frazier Healthcare Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1991
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Frazier Healthcare Partners is a private equity and venture capital firm specializing in Growth buyout investment specifically targets businesses that deal Healthcare, Life Sciences, Pharmaceutical services, medical products, and related sectors. Frazier Healthcare Partners was formed in 1991 and is based in Seattle, Washington with an additional office in Palo Alto, California; Boston, Massachusetts; and Menlo Park, California.

DEAL STATS #
Overall 42 of 48
Sector (Medical Products) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Michigan) 2 of 2
Country (United States) 41 of 47
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Imago BioSciences

South San Francisco, California, United States

Imago BioSciences is a clinical-stage biopharmaceutical company discovering and developing novel small molecule product candidates that target lysine-specific demethylase 1 (LSD1), an enzyme that plays a central role in the production of blood cells in the bone marrow. Imago BioSciences was formed in 2012 and is based in South San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Effective School Solutions

New Providence, New Jersey, United States

Effective School Solutions is a provider of school-based mental health solutions that help school districts improve the mental health of K-12 students. Serving more than 100 school districts across nine states, ESS offers a full suite of multi-tiered mental health solutions, rigorous clinical supervision and quality management to help students make therapeutic progress and districts achieve long-term financial sustainability. Effective School Solutions was founded in 2009 and is based in New Providence, New Jersey.

Buy -
Buyer

Alvarez & Marsal Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 13 of 26
Sector (Medical Products) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 8
State (Michigan) 1 of 1
Country (United States) 12 of 20
Year (2021) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Nevada Heart & Vascular Center

Las Vegas, Nevada, United States

Nevada Heart & Vascular Center is a cardiovascular group in the Southern Nevada/Las Vegas region that offers both noninvasive and invasive procedures and operates an imaging center. Nevada Heart & Vascular Center is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-23 Pet Network

Zagreb, Croatia

Pet Network offers its customers a best-in-class range of thousands of pet products, available both in physical stores and online, as well as other services such as grooming and veterinary care. Pet Network is a European pet care retail group of companies, currently operating in South-Eastern Europe. The company is operating under the brand Pet Centar, in Romania, operating under the brands Animax and Maxi Pet, in Slovenia, operating under the brand Mr. Pet, in Serbia, operating under the brand Pet Centar. Pet Network is based in Zagreb, Croatia.

Buy -
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