M&A Deal Summary

Harvest Partners Private Equity Acquires Advanced Dermatology and Cosmetic Surgery

On May 18, 2016, private equity firm Harvest Partners Private Equity acquired healthcare services company Advanced Dermatology and Cosmetic Surgery from Audax Private Equity

Acquisition Highlights
  • This is Harvest Partners Private Equity’s 6th transaction in the Healthcare Services sector.
  • This is Harvest Partners Private Equity’s 29th transaction in the United States.
  • This is Harvest Partners Private Equity’s 3rd transaction in Florida.

M&A Deal Summary
Date 2016-05-18
Target Advanced Dermatology and Cosmetic Surgery
Sector Healthcare Services
Buyer(s) Harvest Partners Private Equity
Sellers(s) Audax Private Equity
Deal Type Recapitalization
Advisor(s) Jefferies (Financial)
Ropes & Gray (Legal)

Target

Advanced Dermatology and Cosmetic Surgery

Maitland, Florida, United States
Advanced Dermatology and Cosmetic Surgery is a dermatology-focused physician practice management company, with clinics around the United States which provide clinical, cosmetic, and pathology services. Advanced Dermatology and Cosmetic Surgery was founded in 1989 and is based in Maitland, Florida.

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Buyer(S) 1

Buyer

Harvest Partners Private Equity

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.

DEAL STATS #
Overall 32 of 49
Sector (Healthcare Services) 6 of 7
Type (Recapitalization) 5 of 8
State (Florida) 3 of 3
Country (United States) 29 of 46
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 AxelaCare Health Solutions

Lenexa, Kansas, United States

AxelaCare Health Solutions LLC is a full-service home infusion therapy provider. Therapies provided range from immune globulin (IG) therapy to antibiotics and nutrition therapy for patients across the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 Epiq

New York, New York, United States

Epiq is a provider of integrated technology and services for the legal profession, including eDiscovery, managed services, bankruptcy, class action and mass tort administration, federal regulatory actions and data breach responses. Epic's solutions are designed to streamline the administration of litigation, investigations, financial transactions, regulatory compliance and other legal matters. Epiq was founded in 1988 and is based in New York.

Buy $1.0B

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 47 of 102
Sector (Healthcare Services) 3 of 11
Type (Recapitalization) 2 of 4
State (Florida) 3 of 7
Country (United States) 45 of 97
Year (2016) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 HALO

Sterling, Illinois, United States

HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 Integrated Supply Network

Lakeland, Florida, United States

Integrated Supply Network is a supplier and distributor that sells automotive tools, equipment, and related supplies through an extensive distribution network to automotive mechanics and technicians. ISN offers manufacturers and customers an international network of warehouses and a broad array of products, backed by customer service leadership, innovative use of technology, and multi-step pull-through marketing capabilities. ISN was founded in 1997 and is based in Lakeland, Florida.

Sell -
Mergr

Product

Company

Legal