M&A Deal Summary

Intermediate Capital Group Acquires Cura

On March 1, 2014, mezzanine finance firm Intermediate Capital Group acquired healthcare services company Cura from Archer Capital

Acquisition Highlights
  • This is Intermediate Capital Group’s 12th transaction in the Healthcare Services sector.
  • This is Intermediate Capital Group’s 6th transaction in Australia.
Investment Fate
  • Cura was sold to a publicly-traded strategic buyer in 2017.
  • Cura was divested to a consortium of buyers in 2023.

M&A Deal Summary

Date 2014-03-01
Target Cura
Sector Healthcare Services
Buyer(s) Intermediate Capital Group
Sellers(s) Archer Capital
Deal Type Secondary Buyout

Target

Cura

Spring Hill, Australia
Cura is a provider of day hospital facilities. Cura provides and continually maintains modern and well equipped facilities to the highest safety standards, enabling specialists to focus exclusively on their patients. Cura was founded in 2008 and is based in Spring Hill, Australia.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 245 of 294
Sector: Healthcare Services M&A 12 of 17
Type: Secondary Buyout M&A Deals 81 of 115
Country: Australia M&A 6 of 7
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-28 Casa Optima

Rimini, Italy

Casa Optima is a multibrand group that serves over 30,000 gelato shops and 6,000 pastry shops in more than 150 countries worldwide. The company, with five production sites and over 1,000 employees (approximately 700 in Italy), offers a comprehensive portfolio of high-quality ingredients for artisanal gelato, pastry, and beverages. Casa Optima is based in Rimini, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Svenson

Madrid, Spain

Svenson is a provider of hair restoration treatments and services.

Sell -

Seller(S) 1

SELLER

Archer Capital

Dawes Point, Australia

Category Private Equity Firm
Founded 1997
PE ASSETS 2.5B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Archer Capital is an independent private equity firm that targets buyout opportunities in Australia and New Zealand. Archer looks for growth companies with strong market positions. Archer prefers majority investment positions. The Firm will not invest in real estate or businesses with unproven technology. Archer Capital was formed in 1997 and is based in Dawes Point, Australia.


DEAL STATS #
Overall 22 of 29
Sector: Healthcare Services M&A 1 of 3
Type: Secondary Buyout M&A Deals 5 of 6
Country: Australia M&A 18 of 24
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Compass

Crows Nest, Australia

Compass Corp, Australia’s is a provider of services to the not-at-fault vehicle replacement and accident management industry. Compass provides like-for-like vehicle replacement to not-at-fault drivers and also provide an accident management service, handling all communications with insurance companies, brokers, repairers, and independent repair assessors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Keycorp Pty

Fairfield, VIC, Australia

Keycorp Pty Ltd, Australia’s is a provider of EFTPOS terminal services. The company provides time-critical maintenance services, hardware and software deployment, asset management solutions and embedded software applications.

Sell -