M&A Deal Summary

Investcorp Acquires Kindstar Global

On November 9, 2020, asset manager Investcorp acquired healthcare services company Kindstar Global from Baird Capital

Acquisition Highlights
  • This is Investcorp’s 6th transaction in the Healthcare Services sector.
  • This is Investcorp’s 5th transaction in China.

M&A Deal Summary

Date 2020-11-09
Target Kindstar Global
Sector Healthcare Services
Buyer(s) Investcorp
Sellers(s) Baird Capital
Deal Type Secondary Buyout

Target

Kindstar Global

Wuhan, China
Kindstar Global is a specialty clinical testing service provider in China. Kindstar Global is founded in 2003 and is based in Wuhan, China.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 157 of 189
Sector: Healthcare Services M&A 6 of 7
Type: Secondary Buyout M&A Deals 52 of 60
Country: China M&A 5 of 7
Year: 2020 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Freshtohome

Bangalore, India

FreshToHome is a direct-to-consumer online meat brands in India, focused on providing a wide variety of fresh and hygienic seafood and meat at the convenience of doorstep delivery to the consumer. It manages the entire supply chain for seafood and meat from direct procurement from fishermen to last mile delivery through its innovative technology platform. Freshtohome was founded in 2015 and is based in Bangalore, Karnataka.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 Viz Branz

Singapore, Singapore

Viz Branz is a family-owned manufacturer and distributor of market instant cereal and beverage brands across China and Southeast Asia, including the popular Gold Roast, Calsome, Royal Myanmar Tea and Cafe 21 brands. Viz Branz was founded in 1988 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

Baird Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 3.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Baird Capital Partners (BCP) is the US private equity arm of Baird Private Equity. BCP makes investments in middle-market companies based in the US. BCP targets companies valued between $25 and $125 million and looks to invest between $15 and $35 million of equity per transaction. BCP focuses on three primary areas including business services (transaction processing, process outsourcing, professional services), healthcare (outsourcing services, medical products, contract manufacturing), and manufactured products (industrial/commercial, specialty consumer, distribution). BCP is affiliated with Baird Capital Partners Europe, Baird Capital Partners Asia, Baird Venture Partners, and Granville Baird Capital Partners. Baird Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 42 of 53
Sector: Healthcare Services M&A 3 of 5
Type: Secondary Buyout M&A Deals 11 of 14
Country: China M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-26 OncoHealth

Atlanta, Georgia, United States

OncoHealth is a digital health company dedicated to helping health plans, employers, providers, patients and life science researchers navigate the physical, mental and financial complexities of cancer through technology-enabled services and real-world data analytics. OncoHealth was founded in 2009 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Upfront Healthcare

Chicago, Illinois, United States

Upfront Healthcare is a platform designed to grow with health system clients and their ever-changing needs. Upfront Healthcare provides extensible patient solutions that continuously guide and motivate all patients to complete necessary care at the most appropriate site or with the most applicable service. Upfront engages patients across multiple channels, presenting personalized, curated content, and culturally relevant information. Upfront Healthcare was founded in 2016 and is based in Chicago, Illinois.

Buy -