M&A Deal Summary

General Atlantic and Vistria Group Acquire CareMetx

On April 6, 2021, growth capital firm General Atlantic and private equity firm Vistria Group acquired medical products company CareMetx from Vistria Group and Petra Capital Partners

Acquisition Highlights
  • This is General Atlantic’s 2nd and Vistria Group’s 2nd transaction in the Medical Products sector.
  • This is General Atlantic’s 123rd and Vistria Group’s 17th transaction in the United States.
  • This is General Atlantic’s 2nd and Vistria Group’s 3rd transaction in Maryland.

M&A Deal Summary
Date 2021-04-06
Target CareMetx
Sector Medical Products
Buyer(s) General Atlantic
Vistria Group
Sellers(s) Vistria Group
Petra Capital Partners
Deal Type Recapitalization

Target

CareMetx

Bethesda, Maryland, United States
CareMetx is a pharmaceutical, biotechnology and device manufacturers with technology and specialty hub services to support patient access. CareMetx was founded in 2011 and is based in Bethesda, Maryland.

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Buyer(S) 2

Buyer

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 269 of 340
Sector (Medical Products) 2 of 4
Type (Recapitalization) 1 of 1
State (Maryland) 2 of 2
Country (United States) 123 of 161
Year (2021) 11 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Zoomin

Tel Aviv, Israel

Zoomin is a knowledge and content orchestration platform. Zoomin turns the underutilized asset of technical product content into a valuable business resource. Zoomin is based in Tel Aviv, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Vegamour

Los Angeles, California, United States

Vegamour is a plant-based hair wellness brand that incorporates a comprehensive range of naturally-derived products to support healthy hair growth and wellness. All of VEGAMOUR’s products are clean, vegan and formulated with proprietary phytoactive ingredients clinically proven to help promote abundant and radiant-looking hair. Vegamour was founded in 2016 and is based in Los Angeles, California.

Buy -
Buyer

Vistria Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.

DEAL STATS #
Overall 17 of 29
Sector (Medical Products) 2 of 2
Type (Recapitalization) 2 of 4
State (Maryland) 3 of 3
Country (United States) 17 of 29
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 SCA Pharma

Little Rock, Arkansas, United States

SCA Pharma specializes in preparing sterile pharmaceuticals customized for hospital pharmacies and healthcare facilities nationwide. SCA Pharmaceuticals products and services have consistently proven to significantly increase efficiencies and reduce costs to these organizations. SCA Pharma was founded in 2010 and is based in Little Rock, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Medalogix

Nashville, Tennessee, United States

Medalogix is a provider of clinical decision support and value-based care enablement software and solutions for home health and hospice stakeholders. Medalogix was founded in 2012 and is based in Nashville, Tennessee.

Buy -

Seller(S) 2

SELLER

Vistria Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

The Vistria Group is a middle-market private equity firm focused on the education, healthcare, and financial services industries. Vistria was formed in 2013 and is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 5
Sector (Medical Products) 1 of 1
Type (Recapitalization) 1 of 1
State (Maryland) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 SCA Pharma

Little Rock, Arkansas, United States

SCA Pharma specializes in preparing sterile pharmaceuticals customized for hospital pharmacies and healthcare facilities nationwide. SCA Pharmaceuticals products and services have consistently proven to significantly increase efficiencies and reduce costs to these organizations. SCA Pharma was founded in 2010 and is based in Little Rock, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Medalogix

Nashville, Tennessee, United States

Medalogix is a provider of clinical decision support and value-based care enablement software and solutions for home health and hospice stakeholders. Medalogix was founded in 2012 and is based in Nashville, Tennessee.

Buy -
SELLER

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 24 of 30
Sector (Medical Products) 1 of 1
Type (Recapitalization) 2 of 2
State (Maryland) 1 of 2
Country (United States) 24 of 30
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Aging with Comfort

Philadelphia, Pennsylvania, United States

Aging with Comfort is a provider of non-medical home care services to the elderly and disabled. Aging with Comfort was founded in 2014 and is based in Philadelphia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 JLab Audio

Tucson, Arizona, United States

JLab Audio is a consumer audio products company that offers retail partners and consumers quality products at an unsurpassed value by leveraging its expertise in designing and sourcing innovative goods. JLab Audio was established in 2005 and is based in Tucson, Arizona.

Sell $370M
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