M&A Deal Summary

Galen Partners and Monroe Capital Acquire SMP

On July 19, 2018, growth capital firm Galen Partners and lender Monroe Capital acquired life science company SMP

Acquisition Highlights
  • This is Galen Partners’ 6th and Monroe Capital’s 3rd transaction in the Life Science sector.
  • This is Galen Partners’ 27th and Monroe Capital’s 69th transaction in the United States.
  • This is Galen Partners’ 1st and Monroe Capital’s 4th transaction in Florida.

M&A Deal Summary

Date 2018-07-19
Target SMP
Sector Life Science
Buyer(s) Galen Partners
Monroe Capital
Deal Type Recapitalization
Advisor(s) FocalPoint Securities (Financial)
Berger Singerman (Legal)

Target

SMP

Miami, Florida, United States
SMP is a specialty pharmacy that provides treatments for a variety of complex disease states. SMP has developed specific therapeutic expertise in fertility and rheumatoid arthritis, and has strong experience in dermatology, infectious disease, gastroenterology, osteoporosis, and oncology. SMP was founded in 2003 and is based in Miami, Florida.

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Buyer(S) 2

Buyer

Galen Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1990
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Galen Partners is a private equity firm that targets investments in the healthcare industry. Areas within healthcare that Galen will consider include medical devices & technology, specialty pharmaceuticals, and information technology/services. Galen typically invests between $10 and $30 million per transaction in companies with a proprietary product or service that have attained revenues above $10 million. Prospective transactions include growth equity investments, complete buyouts, family business or other recapitalizations, going-private transactions, roll-overs of a portion of existing equity, and management buyouts. Galen Partners was formed in 1990 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 28 of 29
Sector (Life Science) 6 of 6
Type (Recapitalization) 2 of 2
State (Florida) 1 of 1
Country (United States) 27 of 28
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Ajinomoto Cambrooke

Ayer, Massachusetts, United States

Ajinomoto Cambrooke, Inc. is a therapeutic nutrition company and global provider of medical nutrition products for patients with serious, chronic, unmet medical needs. The company works with physicians and researchers from around the world to develop, test and commercialize products that are today focused on inborn errors of metabolism and intractable epilepsy.

Sell $64M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-12 InTouch Health

Santa Barbara, California, United States

InTouch Health, Inc. is a provider of Acute Care Telemedicine (ACT) solutions for high-acuity applications. InTouch Health is based in Santa Barbara, California.

Sell $600M
Buyer

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 69 of 115
Sector (Life Science) 3 of 3
Type (Recapitalization) 6 of 8
State (Florida) 4 of 5
Country (United States) 69 of 114
Year (2018) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 RedZone Robotics

Warrendale, Pennsylvania, United States

RedZone Robotics is a technology-enabled solutions business that uses proprietary robots and software tools to provide inspection, data collection, and asset management services primarily for wastewater pipeline systems. RedZone Robotics was founded in 1987 and is based in Warrendale, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Little River Healthcare

Rockdale, Texas, United States

Little River Healthcare is a rural-based healthcare provider. The healthcare system consists of two hospitals, five outpatient diagnostic imaging centers, two outpatient surgery centers, and nine outpatient clinics, supporting a number of specialty services such as cardiology, orthopedics, and neurology. Little River Healthcare is based in Rockdale, Texas.

Sell -