M&A Deal Summary

ICV Capital Partners Acquires Cherry Tree Dental

On March 16, 2021, private equity firm ICV Capital Partners acquired healthcare services company Cherry Tree Dental

Acquisition Highlights
  • This is ICV Capital Partners’ 4th transaction in the Healthcare Services sector.
  • This is ICV Capital Partners’ 28th transaction in the United States.
  • This is ICV Capital Partners’ 2nd transaction in Wisconsin.

M&A Deal Summary
Date 2021-03-16
Target Cherry Tree Dental
Sector Healthcare Services
Buyer(s) ICV Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Cherry Tree Dental

Madison, Wisconsin, United States
Cherry Tree Dental is a general dentistry provider that employs a proven acquisition and office consolidation strategy dedicated to small, one or two-dentist practices. It is an independent general dentistry provider that operates 28 locations in 10 markets. As part of Cherry Tree's cohesive corporate entity, offices are supported by a central corporate team that provides a variety of services including human resources, payroll, marketing, information technology, and other back-office functions. Cherry Tree Dental was formed in 2006 and is based in Madison, Wisconsin.

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Buyer(S) 1

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 29 of 33
Sector (Healthcare Services) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 12 of 13
State (Wisconsin) 2 of 2
Country (United States) 28 of 31
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Total Access Urgent Care

Ballwin, Missouri, United States

Total Access Urgent Care is a provider of urgent care and emergency department services. Total Access Urgent Care operates 26 locations and serves patients. Total Access Urgent Care offers state-of-the-art digital X-ray, CT scan, ultrasound, EKG, and common laboratory assays, on-site. TAUC's services also include IV hydration and medication administration, suturing lacerations, splinting minor fractures, reducing dislocations, and draining abscesses. Total Access Urgent Care was founded in 2008 and is based in Ballwin, Missouri.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 OIA

Franklin, Tennessee, United States

OIA is a provider of outpatient radiology services in partnership with leading health systems across the country. The company today has over 30 locations in over nine states in the Southeast, Mid-Atlantic, and Midwest. Ten locations are wholly owned by OIA, 19 are joint-ventures with health system partners and the remaining locations are where the company has a management and billing contract. It partners with healthcare providers such as health systems, academic medical centers, and radiology groups to develop, market, and operate quality, patient-friendly, service-oriented outpatient imaging centers. OIA centers range from single to full-modality facilities offering PET/CT, MR, CT, ultrasound, mammography, nuclear medicine, bone densitometry (DEXA), and plain film X-ray procedures. OIA was formed in 2000 and is based in Franklin, Tennessee.

Sell -
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