M&A Deal Summary

ICV Capital Partners and Prospect Capital Management Acquire Atlantis Healthcare

On March 19, 2013, private equity firm ICV Capital Partners and business development company Prospect Capital Management acquired healthcare services company Atlantis Healthcare

Acquisition Highlights
  • This is ICV Capital Partners’ 1st and Prospect Capital Management’s 5th transaction in the Healthcare Services sector.
  • This is ICV Capital Partners’ 1st and Prospect Capital Management’s 1st transaction in Puerto Rico.

M&A Deal Summary

Date 2013-03-19
Target Atlantis Healthcare
Sector Healthcare Services
Buyer(s) ICV Capital Partners
Prospect Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Provident (Financial)

Target

Atlantis Healthcare

Trujillo Alto, Puerto Rico
Atlantis Healthcare is a provider of chronic kidney disease (CKD) dialysis services, based in Trujillo Alto, Puerto Rico.

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Buyer(S) 2

Buyer

ICV Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.


DEAL STATS #
Overall 15 of 33
Sector (Healthcare Services) 1 of 4
Type (Buyout (LBO, MBO, MBI)) 8 of 13
Country (Puerto Rico) 1 of 1
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-04 SAFE Security

San Ramon, California, United States

SAFE Security, Inc. is one of the largest providers of security alarm systems in the United States. SAFE provides alarm monitoring and related services to over 100,000 customers in all 50 states, Puerto Rico and Canada. Company Founded in 1988 and headquartered in San Ramon, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Interventional Management Services

Atlanta, Georgia, United States

Interventional Management Services is a provider of interventional pain management services in the Atlanta metropolitan market. IMS owns and manages interests in ambulatory surgery centers (ASCs) as well as pain-management clinics throughout metro Atlanta. Interventional Management Services is based in Atlanta, Georgia.

Buy -
Buyer

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.


DEAL STATS #
Overall 79 of 86
Sector (Healthcare Services) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 41 of 42
Country (Puerto Rico) 1 of 1
Year (2013) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Credit Central

Greenville, South Carolina, United States

Credit Central is a specialty finance busines provider. Credit Central has a diversified customer base and a history of delivering consistent cash flows. Credit Central holds nearly 120,000 loans on its balance sheet and benefits from strong customer loyalty. Credit Central was founded in 2002 and is based in Greenville, South Carolina.

Buy $44M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Glo Skin Beauty

Denver, Colorado, United States

Glo Skin Beauty is a developer, marketer and distributor of mineral-based cosmetics and high-end skincare serving dermatologists, cosmetic surgeons, licensed aestheticians, spas/salons and select specialty retailers. Company brands include glominerals, mineral fusion, glotherapeutics, and glospa. Glo Skin Beauty was founded in 1997 and is based in Denver, Colorado.

Sell -