M&A Deal Summary

Great Hill Partners and Warburg Pincus Acquire Quantum Health

On June 14, 2017, private equity firms Great Hill Partners and Warburg Pincus acquired healthcare services company Quantum Health from Altaris

Acquisition Highlights
  • This is Great Hill Partners’ 3rd and Warburg Pincus’ 19th transaction in the Healthcare Services sector.
  • This is Great Hill Partners’ 55th and Warburg Pincus’ 174th transaction in the United States.
  • This is Great Hill Partners’ 2nd and Warburg Pincus’ 5th transaction in Ohio.

M&A Deal Summary
Date 2017-06-14
Target Quantum Health
Sector Healthcare Services
Buyer(s) Great Hill Partners
Warburg Pincus
Sellers(s) Altaris
Deal Type Recapitalization
Advisor(s) William Blair (Financial)

Target

Quantum Health

Dublin, Ohio, United States
Quantum Health is a consumer healthcare navigation company that delivers an unparalleled consumer experience based on empathy and trust, enabling employers to achieve industry-leading satisfaction rates and independently validated claim savings. Quantum Health’s model is based on years of consumer research and the insights learned from guiding millions of consumers and their providers through their healthcare journey. Quantum Health was founded in 1999 and is based in Dublin, Ohio.

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Buyer(S) 2

Buyer

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 64 of 98
Sector (Healthcare Services) 3 of 4
Type (Recapitalization) 8 of 15
State (Ohio) 2 of 2
Country (United States) 55 of 82
Year (2017) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 Fusion Risk Management

Chicago, Illinois, United States

Fusion Risk Management is a provider of cloud-based software solutions for business continuity, integrated risk management, IT disaster recovery, and crisis and incident management. Its products and services take organizations beyond legacy solutions and empower them to make data-driven decisions with a comprehensive and flexible approach through one system. Fusion and its team of experts are dedicated to helping companies achieve greater organizational resilience and mitigate risks within their businesses. Fusion Risk Management was founded in 2006 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 Sugarfina

Los Angeles, California, United States

Sugarfina, Inc. is a luxury candy boutique featuring 150+ gourmet sweets from small artisan candy-makers around the world. Sugarfina launched online in the summer of 2012 and has since grown to 24 boutiques and 14 shop-in-shops in North America. The brand focuses on creating the highest-quality confections in partnership with artisan candy makers around the globe. More than three-quarters of Sugarfina candies are exclusive and can’t be found at any other candy store.

Buy -
Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 337 of 482
Sector (Healthcare Services) 19 of 20
Type (Recapitalization) 5 of 7
State (Ohio) 5 of 8
Country (United States) 174 of 237
Year (2017) 14 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Yuanfudao

Beijing, China

Yuanfudao is an online live course platform servicing primary and secondary school students in China. Yuanfudao offers a comprehensive curriculum spanning from primary school English, Mathematical Olympiad to all-subject courses in secondary school. Its unique online feature and large pool of quality teachers enable students to access live online tutoring at home taught by national renowned teachers, benefiting hundreds of thousands of students across the country. Yuanfudao was founded in 2012 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-16 Duravant

Downers Grove, Illinois, United States

Duravant is a provider of highly engineered automation equipment and related aftermarket solutions for packaging, material handling, and food processing applications. Duravant designs and assembles mission-critical equipment, including form-fill-seal machines, robotic palletizers, conveyors, and thermal processors, primarily serving the food and beverage, e-commerce, distribution, and agriculture end-markets. Duravant is based in Downers Grove, Illinois.

Buy -

Seller(S) 1

SELLER

Altaris

New York City, New York, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Altaris is a specialist private equity firm that targets investments in the healthcare industry. Altaris focuses its investment activity across the healthcare sector, including pharmaceuticals, medical devices, healthcare services and healthcare IT. Altaris will consider both control and non-control investment situations requiring $15 to $50 million of equity capital. Prospective investment situations include corporate carve-outs, leveraged buyouts, and growth equity/recapitalization investments. Altaris was formed in 2004 and is based in New York, New York.

DEAL STATS #
Overall 20 of 24
Sector (Healthcare Services) 6 of 6
Type (Recapitalization) 2 of 3
State (Ohio) 2 of 3
Country (United States) 18 of 22
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Chemical Computing Group

Montreal, Quebec, Canada

Chemical Computing Group is a provider of molecular design software for the pharmaceutical, chemical and material industries. CCG’s software platform, the Molecular Operating Environment (“MOE”), streamlines drug discovery and chemical engineering processes by allowing researchers to visualize and predict molecular properties and interactions. Chemical Computing Group was founded in 1994 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 G&H Orthodontics

Franklin, Indiana, United States

G&H Orthodontics is a manufacturer, distributor of orthodontic products. G&H Orthodontics manufactures 'ortho force' products that make teeth move, primarily orthodontic archwires and elastics (rubber bands), versus products that anchor teeth in the orthodontic process. G&H Orthodontics was founded in 1981 and is based in Franklin, Indiana.

Buy -
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