M&A Deal Summary

Harbert Mezzanine Capital and CliniSys Solutions Acquire ApolloLIMS

On May 10, 2022, mezzanine finance firm Harbert Mezzanine Capital and CliniSys Solutions acquired software company ApolloLIMS from Lead Capital Partners

Acquisition Highlights
  • This is Harbert Mezzanine Capital’s 1st and CliniSys Solutions’ 2nd transaction in the Software sector.
  • This is Harbert Mezzanine Capital’s 28th and CliniSys Solutions’ 2nd transaction in the United States.
  • This is Harbert Mezzanine Capital’s 5th and CliniSys Solutions’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-05-10
Target ApolloLIMS
Sector Software
Buyer(s) Harbert Mezzanine Capital
CliniSys Solutions
Sellers(s) Lead Capital Partners
Deal Type Secondary Buyout
Advisor(s) Silvermark Partners (Financial)

Target

ApolloLIMS

Brentwood, Tennessee, United States
ApolloLIMS is a provider of proprietary laboratory information management systems software to the laboratory marketplace to assist operators with laboratory automation and quality assurance. ApolloLIMS was founded in 1994 and is based in Brentwood, Tennessee.

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Buyer(S) 2

Buyer

Harbert Mezzanine Capital

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harbert Mezzanine Capital is the junior capital investment arm of asset manager Harbert Management Corporation. Harbert Mezzanine looks to invest $3 to $15 million of subordinated debt to support growth needs, acquisitions, recapitalizations, or management buyouts of mid-sized companies throughout the US. Harbert Mezzanine Capital is based in Nashville, Tennessee.

DEAL STATS #
Overall 28 of 28
Sector (Software) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Tennessee) 5 of 5
Country (United States) 28 of 28
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-15 Urgent Care Group

Brentwood, Tennessee, United States

Urgent Care Group is focused on taking care of patients by providing affordable and accessible care to help them Get Better. Faster! The Urgent Care Group Network includes 24 centers operating as three brands: Medac Urgent Care in North Carolina, MEDcare Urgent Care in South Carolina, and Health Choice Urgent Care in partnership with Northside Hospital in Georgia. Urgent Care Group was founded in 2017 and is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Power Services Group

Cape Coral, Florida, United States

Power Services Group is an independent provider of highly technical turbine generator maintenance, repair and overhaul services primarily serving the power, industrial and petrochemical markets. Power Services Group is based in Cape Coral, Florida.

Sell -
Buyer

CliniSys Solutions

Chertsey, United Kingdom
Category Company
Founded 1987
Sector Information Technology
DESCRIPTION

CliniSys Solutions Ltd. is a provider of clinical laboratory information management systems.

DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Horizon

Raleigh, North Carolina, United States

Horizon is an efficient, configurable, secure, and cost-effective solution to transform the lab. From simple data entry to complex analyses, the company ensures every facet of the lab’s operations works more effectively than ever before. From large government public health labs to small, private clinical labs, it is designed to be the LIMS of choice for any lab. Horizon was formed in 1987 and is based in Raleigh, North Carolina.

Buy -

Seller(S) 1

SELLER

Lead Capital Partners

Category Private Equity Firm
Founded 2011
PE ASSETS 230M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lead Capital Partners is a 'multi-family sponsored private equity firm' focused on acquiring control positions in businesses generating $1 to $7 million of EBITDA. Target transaction situations include family successions, divestitures, buyouts, and recapitalizations. Sectors of interest include healthcare, consumer products, IT/software, distribution, marketing, hospitality services, infrastructure, niche manufacturing, and industrial services. Lead Capital Partners was founded in 2011 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Tennessee) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Family Ties

Sandy Springs, Georgia, United States

Family Ties provides intensive home-based counseling and community integration services for families and children. Our professional staff is comprised of a Psychiatrist, Licensed Psychologist, Licensed and Masters level Clinicians, Behavioral Aides, Parent Educators, Substance Abuse Counselors, Certified Domestic Violence Counselors and Educators, Anger Management Counselors and Educators, Therapist certified in Play Therapy, Trauma Focused CBT, DBT and Stress Management. Family Ties was founded in 1994 and is based in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-15 Hardenbergh Group

Livonia, Michigan, United States

Hardenbergh Group is a provider of temporary staffing and consulting solutions for medical staff services, credentialing, and provider enrollment. Hardenbergh Group was founded in 1991 and is based in Livonia, Michigan.

Sell -
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