Investment Summary

InTandem Capital Partners and Audax Private Debt Invest In OrthoNebraska

On August 2, 2023, private equity firm InTandem Capital Partners and mezzanine finance firm Audax Private Debt invested in healthcare services company OrthoNebraska

Investment Highlights
  • This is InTandem Capital Partners’ 5th and Audax Private Debt’s 8th transaction in the Healthcare Services sector.
  • This is InTandem Capital Partners’ 7th and Audax Private Debt’s 101st transaction in the United States.
  • This is InTandem Capital Partners’ 1st and Audax Private Debt’s 1st transaction in Nebraska.

Investment Summary

Date 2023-08-02
Target OrthoNebraska
Sector Healthcare Services
Investor(s) InTandem Capital Partners
Audax Private Debt
Deal Type Growth Capital
Advisor(s) Quadriga Partners (Financial)
Koley Jessen (Legal)

Target

OrthoNebraska

Omaha, Nebraska, United States
OrthoNebraska is a provider of orthopedic and musculoskeletal care. OrthoNebraska’s comprehensive care includes both surgical and non-surgical intervention, supported by a range of sub-specialized providers. OrthoNebraska was founded in 2004 and is based in Omaha, Nebraska.

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Investor(S) 2

DESCRIPTION

InTandem Capital Partners is a private equity firm focused on opportunities in the healthcare and insurance sectors. The Firm targets scalable businesses with low technology risk and recurring revenues. Prospective companies are generally profitable with $5 to $15 million of EBITDA. InTandem Capital Partners was established in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 7 of 8
Sector: Healthcare Services M&A 5 of 5
Type: Growth Capital M&A Deals 4 of 5
State: Nebraska M&A 1 of 1
Country: United States M&A 7 of 8
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 HouseWorks

Newton, Massachusetts, United States

HouseWorks is a private-pay home care company dedicated to helping seniors live independently. The company operates with an innovative, customer-driven approach to service delivery that returns a sense of control to adult children and their parents. HouseWorks was formed in 1998 and is based in Newton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 Adams Clinical

Watertown, Massachusetts, United States

Adams Clinical is a clinical trial site network that provides advancing research for the central nervous system with locations across the Northeast. The Company’s recruitment and retention mechanisms ensure high-quality outcomes for its participants, sponsors, and CROs. Adams Clinical is based in Watertown, Massachusetts.

Buy -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 103 of 120
Sector: Healthcare Services M&A 8 of 11
Type: Growth Capital M&A Deals 17 of 18
State: Nebraska M&A 1 of 1
Country: United States M&A 101 of 118
Year: 2023 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-18 GME

Columbia, Missouri, United States

GME is an omnichannel distributor of fall protection, safety, and productivity equipment. The company supplies a comprehensive selection of fall protection, rigging materials, workwear, and PPE to technicians and contractors working in the telecom, utility, aerial construction, renewable energy, and other industrial markets. It provides expedited delivery of products that are critical to worker safety while catering to unique customer needs with value-added services like curated kitting and certified training courses. GME Supply was founded in 2005 and is based in Columbia, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Vortex

Houston, Texas, United States

Vortex is a trenchless solution provider in the water, sewer, and industrial marketplace. Its suite of services includes turnkey bypass and dewatering, large diameter structural relining, pipe bursting and slip lining, structural and corrosion protection, trenchless robotic systems, pipe and drain cleaners and industrial facility maintenance and renewal. Vortex is based in Houston, Texas.

Buy -