Buyout (LBO, MBO, MBI) • Healthcare Services

Genstar Capital and Nautic Partners Acquire Axia Health Management

On December 16, 2004, private equity firms Genstar Capital and Nautic Partners acquired healthcare services company Axia Health Management

Acquisition Context
  • This is Genstar Capital’s 1st and Nautic Partners’ 2nd transaction in the Healthcare Services sector.
  • This is Genstar Capital’s 13th and Nautic Partners’ 19th transaction in the United States.
  • This is Genstar Capital’s 1st and Nautic Partners’ 1st transaction in Arizona.
Investment Fate
  • Axia Health Management was sold to a publicly-traded strategic buyer in 2006 for 450M USD.

Explore All 1105 Buyout (LBO, MBO, MBI) Healthcare Services Deals - Search the Database Free


M&A Deal Summary

Date December 16, 2004
Target Axia Health Management
Sector Healthcare Services
Buyer(s) Genstar Capital
Nautic Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Axia Health Management

Tempe, Arizona, United States
Axia Health Management is a population health management company focused on improving the health of individuals in specific population segments through high-yield preventive health interventions and health management programs that improve health, manage risk, and reduce health care costs.
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Buyers Overview 2

Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.


Deal Context for Buyer #
Overall 15 of 112
Sector: Healthcare Services 1 of 3
Type: Buyout (LBO, MBO, MBI) 8 of 26
State: Arizona 1 of 2
Country: United States 13 of 104
Year: 2004 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-02 Propex Operating

Chattanooga, Tennessee, United States

Propex Operating is a manufacturer of the primary carpet backing and secondary carpet backing. The Company is also a producer of woven and non-woven polypropylene fabrics for use in furniture, bedding, automotive, geotextile, and other industrial fabrics applications. Propex Operating was founded in 1884 and is based in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-25 Panolam Surface Systems

Shelton, Connecticut, United States

Panolam Surface Systems is a manufacturer of thermally fused melamine (TFM) panels and high-pressure laminates (HPL). TFM and HPL are used to manufacture kitchen and bath cabinetry, residential and commercial furniture, store fixtures, and countertops. Panolam Surface Systems was founded in 1997 and is based in Shelton, Connecticut.

Buy $345M
Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


Deal Context for Buyer #
Overall 19 of 83
Sector: Healthcare Services 2 of 18
Type: Buyout (LBO, MBO, MBI) 10 of 33
State: Arizona 1 of 4
Country: United States 19 of 82
Year: 2004 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-07 FFG Industries

Deerfield, Illinois, United States

Flavor and Fragrance Group (FFG) Industries, Inc. is a middle-market manufacturer of flavors and fragrances serving the food, beverage, home environment, and personal care industries. The Company's flavors and fragrances are used in a variety of consumer products including chai, soft drinks, sport drinks, coffees, health bars, air fresheners, candles, lotions, detergents, and health and beauty aids.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-10 Gans Communications

Hollywood, Maryland, United States

Provider of cable tv, high speed internet, and pay-per-view services

Sell -