M&A Deal Summary

Great Point Partners and Stonehenge Partners Acquire American Surgical Professionals

On March 23, 2011, private equity firm Great Point Partners and mezzanine finance firm Stonehenge Partners acquired healthcare services company American Surgical Professionals

Acquisition Highlights
  • This is Great Point Partners’ 3rd and Stonehenge Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Great Point Partners’ 8th and Stonehenge Partners’ 58th transaction in the United States.
  • This is Great Point Partners’ 1st and Stonehenge Partners’ 6th transaction in Texas.

M&A Deal Summary
Date 2011-03-23
Target American Surgical Professionals
Sector Healthcare Services
Buyer(s) Great Point Partners
Stonehenge Partners
Deal Type Going Private

Target

American Surgical Professionals

Houston, Texas, United States
American Surgical Professionals is a provider of surgical assistance solutions in the United States. For twenty years, ASP has partnered with healthcare facilities to manage and minimize staffing complexities and the expense associated with surgery, measurably improving patient outcomes. American Surgical Professionals was formed in 1999 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

Great Point Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Great Point Partners is a private investment firm focused on investing in private and public healthcare companies. Great Point's private equity practice invests $10 to $100 million of growth capital in private, growing companies. Specific areas of interest within the healthcare sector includes biotechnology and life sciences, consumer health, generic drugs, health care services, information technology, insurance, medical devices, specialty pharmaceuticals, and worker compensation companies. Great Point Partners was formed in 2003 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 9 of 35
Sector (Healthcare Services) 3 of 7
Type (Going Private) 1 of 1
State (Texas) 1 of 4
Country (United States) 8 of 28
Year (2011) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-15 Cytovance Biologics

Oklahoma City, Oklahoma, United States

Cytovance is a contract manufacturing organization of mammalian and microbial biologics. The company works with biotechnology and pharmaceutical companies in the development and manufacturing of proteins, antibodies, and cell-based therapeutic products. Cytovance supports its customers from clinical development to commercial launch in domestic and international markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Professional Physical Therapy

Melville, New York, United States

Professional Physical Therapy is a provider of physical therapy and rehabilitation services in the New York metropolitan area. The Company’s outpatient physical therapy centers provide treatment to patients suffering from musculoskeletal impairments associated with accidents, sports injuries, surgeries, and various other medical conditions. Professional Physical Therapy was founded in 1998 and is based in Melville, New York.

Buy -
Buyer

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.

DEAL STATS #
Overall 60 of 68
Sector (Healthcare Services) 3 of 4
Type (Going Private) 1 of 1
State (Texas) 6 of 7
Country (United States) 58 of 66
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Beacon Promotions

New Ulm, Minnesota, United States

Beacon Promotions is a promotional products supplier company. Beacon offers a wide selection of products, such as: calendars, table covers, drinkware, bags, housewares, tools, auto accessories, writing instruments, and over 51 Name Brand product lines for executive gifts and incentives. Beacon Promotions was founded in 2003 and is based in New Ulm, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-07 Ryan Herco Flow Solutions

Burbank, California, United States

Ryan Herco Flow Solutions, Inc. is a distributor of corrosion-resistant fluid handling, filtration and flow control products in the United States with a growing presence in Asia. Ryan Herco Flow Solutions was founded in 1948 and is based in Burbank, California.

Sell -
Mergr

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