M&A Deal Summary

Investors Management Acquires Independent Doctors of Optometric Care

On November 10, 2016, private equity firm Investors Management acquired healthcare services company Independent Doctors of Optometric Care from Riverside

Acquisition Highlights
  • This is Investors Management’s 1st transaction in the Healthcare Services sector.
  • This is Investors Management’s 2nd transaction in the United States.
  • This is Investors Management’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2016-11-10
Target Independent Doctors of Optometric Care
Sector Healthcare Services
Buyer(s) Investors Management
Sellers(s) Riverside
Deal Type Secondary Buyout

Target

Independent Doctors of Optometric Care

Norwalk, Connecticut, United States
Independent Doctors of Optometric Care is an alliance of independent optometrists throughout the U.S. IDOC includes practices representing more than 1,400 optometrist members across the United States. The company has more than 65 partner vendors and provides group purchasing services, marketing, and continuing-education offerings to its members.

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Buyer(S) 1

DESCRIPTION

Investors Management Corp. is a closely held, long-term owner of a family of companies. Investors Management Corp. was established in 1971 and is headquartered in Raleigh, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-24 Right at Home

Omaha, Nebraska, United States

Right at Home is a franchise platform in in-home senior care industry offering a broad range of services and ancillary programs that provide a continuum of care for seniors. Right at Home was founded in 1995 and is based in Omaha, Nebraska.

Buy -

Seller(S) 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 114 of 207
Sector: Healthcare Services M&A 2 of 7
Type: Secondary Buyout M&A Deals 46 of 83
State: Connecticut M&A 2 of 2
Country: United States M&A 82 of 146
Year: 2016 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Competitive Edge Software

Franklin, Wisconsin, United States

Competitive Edge Software, Inc. is a local software company specializing in physical security management solutions. Competitive Edge Software, known for its Report Exec software suite, continue to grow its leadership position in the market. Report Exec provides comprehensive cloud-based security and law enforcement reporting and management solutions to customers in a variety of industries including education, healthcare, corporate, private security and law enforcement.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 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.

Sell -