M&A Deal Summary

Havencrest Capital Management and Oxford Finance Acquire ThermoTek

On October 22, 2020, private equity firm Havencrest Capital Management and Oxford Finance acquired medical products company ThermoTek

Acquisition Highlights
  • This is Havencrest Capital Management’s 1st and Oxford Finance’s 1st transaction in the Medical Products sector.
  • This is Havencrest Capital Management’s 3rd and Oxford Finance’s 2nd transaction in the United States.
  • This is Havencrest Capital Management’s 1st and Oxford Finance’s 1st transaction in Texas.

M&A Deal Summary

Date 2020-10-22
Target ThermoTek
Sector Medical Products
Buyer(s) Havencrest Capital Management
Oxford Finance
Deal Type Buyout (LBO, MBO, MBI)

Target

ThermoTek

Flower Mound, Texas, United States
ThermoTek provides a broad range of temperature management solutions to the medical and industrial end markets, specifically cold compression devices used in post-orthopedic surgery rehabilitation and cooling units used in industrial applications. ThermoTek was founded in 1993 and is based in Flower Mound, Texas.

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Buyer(S) 2

DESCRIPTION

Havencrest Capital Management is a Dallas-based, private equity fund manager specializing in the healthcare industry. Founded by long-time healthcare investor Christopher W. Kersey, M.D., M.B.A., Havencrest comprises a blue-chip team of investment partners, operating partners and senior advisors including some of the nation’s leading entrepreneurs, corporate executives and public policy experts.


DEAL STATS #
Overall 3 of 9
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (Texas) 1 of 5
Country (United States) 3 of 9
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 The Oncology Institute

Cerritos, California, United States

The Oncology Institute is a provider of extensive, quality care to its patients and is dedicated to excelling in cancer awareness, prevention, diagnosis, treatment, and education. The Oncology Institute was founded in 2007 and is based in Cerritos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 Apara Autism Centers

Sugar Land, Texas, United States

Apara Autism Centers is a ABA service provider offering clinic- and home-based ABA therapy to children with ASD. Apara Autism Centers was founded in 2018 and is based in Sugar Land, Texas.

Buy -
Buyer

Oxford Finance

Alexandria, Virginia, United States

Category Company
Sector Financial Services
DESCRIPTION

Oxford Finance is a lending institution with a long history of providing capital exclusively to life sciences and healthcare services companies throughout the world. We have a valued reputation for fairness and flexibility and have achieved success by building solid relationships with our many clients.


DEAL STATS #
Overall 2 of 3
Sector (Medical Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Texas) 1 of 2
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-24 Mission Health Communities

Tampa, Florida, United States

Mission Health Communities LLC is a provider of Senior Living and Skilled Nursing Communities in the US, Mission Health currently manages 45 communities in Georgia, Kansas, Minnesota, Missouri, Tennessee, and Wisconsin. Mission Health Communities LLC is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Pearl Street

Dallas, Texas, United States

Pearl Street is a dental practice management company partnering with dental practices throughout Texas and Oklahoma. The Company’s dentists, hygienists, and practitioners provide comprehensive care to patients across general, specialty, and cosmetic dentistry. Pearl Street provides its partner practices with centralized non-clinical resources that enable dentists and clinical teams to focus exclusively on dentistry and delivering excellent patient care while retaining significant ownership stakes in their practices. Pearl Street is steadfast in its commitment to preserving provider autonomy while cultivating a family culture and community amongst its partner. Pearl Street Dental Partners is based in Dallas, Texas.

Buy -