M&A Deal Summary

Kinderhook Industries Acquires Avita

On December 4, 2019, private equity firm Kinderhook Industries acquired life science company Avita from Argenta Partners

Acquisition Highlights
  • This is Kinderhook Industries’ 2nd transaction in the Life Science sector.
  • This is Kinderhook Industries’ 43rd transaction in the United States.
  • This is Kinderhook Industries’ 2nd transaction in Louisiana.

M&A Deal Summary

Date 2019-12-04
Target Avita
Sector Life Science
Buyer(s) Kinderhook Industries
Sellers(s) Argenta Partners
Deal Type Secondary Buyout

Target

Avita

Baton Rouge, Louisiana, United States
Avita is a specialized pharmacy which dispenses and delivers prescription medications for patients with certain chronic diseases. Avita also provides extensive patient data to the caregivers, prescribing physicians and community based organizations to assist with monitoring patient adherence. Avita was founded in 2003 and is based in Baton Rouge, Louisiana.

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Buyer(S) 1

Buyer

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 44 of 68
Sector: Life Science M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 13
State: Louisiana M&A 2 of 3
Country: United States M&A 43 of 66
Year: 2019 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Copperweld Bimetallics

Brentwood, Tennessee, United States

Copperweld Bimetallics is a manufacturer of bimetallic wiring products and domestic producer of copper-clad steel (“CCS”) and copper-clad aluminum (“CCA”) wire. Copperweld Bimetallics was founded in 1915 and is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Stratus Video Interpreting

Clearwater, Florida, United States

Stratus Video LLC is a cloud-based video remote interpretation service that allows people to meet the growing need for language services quickly and cost-effectively. Stratus Video Interpreting was founded in 2011 and is based in Clearwater, Florida.

Sell $475M

Seller(S) 1

SELLER

Argenta Partners

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Argenta Partners is a private equity group that acquires controlling equity stakes in growth-oriented, mid-sized companies. Argenta will consider a variety of transaction situations; including, recapitalizations, buyouts, divestitures, and consolidations. Broad sectors of interest include manufacturing, service, transportation, and value-added distribution. Prospective companies generally have revenues of $10 to $125 million and EBITDA of at least $2 million. The Firm avoids investing in businesses with rapidly changing technology; or in retail, banking, real estate or commodity businesses. Argenta Partners was formerly known as Lynch Investment Company. The Firm was established in 1989 and is based in Dallas, Texas.


DEAL STATS #
Overall 5 of 5
Sector: Life Science M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
State: Louisiana M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 GAHH

North Hollywood, California, United States

GAHH is a designer, manufacturer, and marketer of aftermarket convertible tops, Jeep tops, seat covers and vehicle interiors. GAHH was founded in 1979 and is based in North Hollywood, California.

Buy -