M&A Deal Summary

General Atlantic Acquires Marathon Health

On October 8, 2019, growth capital firm General Atlantic acquired healthcare services company Marathon Health from Goldman Sachs Merchant Banking

Acquisition Highlights
  • This is General Atlantic’s 13th transaction in the Healthcare Services sector.
  • This is General Atlantic’s 110th transaction in the United States.
  • This is General Atlantic’s 1st transaction in Vermont.

M&A Deal Summary

Date 2019-10-08
Target Marathon Health
Sector Healthcare Services
Buyer(s) General Atlantic
Sellers(s) Goldman Sachs Merchant Banking
Deal Type Secondary Buyout

Target

Marathon Health

Winooski, Vermont, United States
Marathon Health is a provider of primary care and population health management solutions for U.S. employers. Marathon Health was formed in 2005 and is based in Winooski, Vermont.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

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 232 of 343
Sector (Healthcare Services) 13 of 22
Type (Secondary Buyout) 21 of 26
State (Vermont) 1 of 1
Country (United States) 110 of 163
Year (2019) 21 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 360 One Wam

Mumbai, India

360 One Wam is a provider of financial products and services in India. 360 One Wam was founded in 2008 and is based in Mumbai, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 Riskified

Tel Aviv, Israel

Riskified is a payment fraud management solution for online merchants, marketplaces, e-travel retailers, and digital goods and services providers. Riskified was founded in 2012 and is based in Tel Aviv, Israel.

Buy -

Seller(S) 1

SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 86 of 110
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 26 of 32
State (Vermont) 1 of 1
Country (United States) 62 of 78
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Credible Behavioral Health

Rockville, Maryland, United States

Credible Behavioral Health is a provider of single, integrated platform and a differentiated feature set, including fully integrated clinical, scheduling, primary care, ePrescribing, inpatient, mobile, and billing modules. Credible Behavioral Health was founded in 2000 and is based in Rockville, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-13 Aptos

Atlanta, Georgia, United States

Aptos delivers innovative technology solutions that enable apparel, specialty, and general merchandise retailers to engage their customers differently for superior results. Aptos was formed in 2015 and is based in Atlanta, Georgia.

Buy -