M&A Deal Summary

KSL Capital Partners Acquires WellBiz Brands

On June 30, 2015, private equity firm KSL Capital Partners acquired consumer services company WellBiz Brands from Enhanced Healthcare Partners and BlackRock Capital Investment

Acquisition Highlights
  • This is KSL Capital Partners’ 3rd transaction in the Consumer Services sector.
  • This is KSL Capital Partners’ 16th transaction in the United States.
  • This is KSL Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2015-06-30
Target WellBiz Brands
Sector Consumer Services
Buyer(s) KSL Capital Partners
Sellers(s) Enhanced Healthcare Partners
BlackRock Capital Investment
Deal Type Secondary Buyout

Target

WellBiz Brands

Denver, Colorado, United States
WellBiz Brands is a provider of therapeutic massage, and Fitness Together, personalized fitness training solutions. WellBiz Brands was founded in 1983 and is based Denver, Colorado.

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Buyer(S) 1

Buyer

KSL Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 18.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

KSL Capital Partners LLC is a specialist private equity firm that makes investments in travel and leisure businesses. Areas of interest include hospitality, recreation, clubs, real estate and travel services. KSL is a hands-on investor, with a strong interest in pursuing under-managed or under-capitalized businesses where the firm can unlock hidden value. KSL Capital Partners is the successor investment vehicle to KSL Recreation Corporation, a former portfolio company of KKR. KSL Capital Partners LLC was founded in 2005 and is based at Denver, Colorado with additional offices in New York, New York and London, United Kingdom.


DEAL STATS #
Overall 22 of 49
Sector (Consumer Services) 3 of 4
Type (Secondary Buyout) 3 of 6
State (Colorado) 3 of 6
Country (United States) 16 of 36
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 Malmaison Group

Hampshire, United Kingdom

Malmaison and Hotel du Vin are a unique collection of premier boutique hotels located throughout the UK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-23 Cameron House

Scotland, United Kingdom

Cameron House is a resort includes 140 guestrooms, 115 timeshare lodges, multiple F&B outlets, a 250 berth marina, a destination spa, and 27 holes of golf spread across 380 acres. Cameron House was founded in 1874 and is based Scotland, United Kingdom.

Buy £70M

Seller(S) 2

SELLER

Enhanced Healthcare Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Healthcare Partners is a specialist private equity firm that invests in lower-middle market growth companies in the healthcare sector. The Firm seeks to invest $10 to $50 million per transaction and will consider a variety of transaction types, including buyouts, growth equity, and recapitalizations. Enhanced Healthcare Partners was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 6 of 11
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 2 of 4
State (Colorado) 2 of 2
Country (United States) 6 of 11
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 West Dermatology

Redlands, California, United States

West Dermatology is a practice management group focused exclusively on clinical research, medical dermatology services, and cosmetic dermatology. The Company offers more than 800,000 annual patients cosmetic and clinical expertise and continued care for common skin conditions, cancer prevention and remediation, elective cosmetic procedures as well as critical, specialty services such as dermatopathology, innovative research trials and Mohs microsurgery. West Dermatology was founded in 1962 and is based in Redlands, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Priority Ambulance

Knoxville, Tennessee, United States

Priority Ambulance provides emergent and non-emergent medical transportation services. Priority Ambulance currently operates under the Shoals Ambulance and Priority Ambulance brands. Priority Ambulance’s EMTs, paramedics, nurses, and support teams deliver exceptional patient care and customer service to nearly 500,000 patients each year. Priority Ambulance was founded in 2014 and is based in Knoxville, Tennessee.

Buy -
SELLER

BlackRock Capital Investment

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 2005
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.


DEAL STATS #
Overall 11 of 23
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 5 of 11
State (Colorado) 1 of 1
Country (United States) 11 of 21
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-19 Royal Adhesives & Sealants

South Bend, Indiana, United States

Royal Adhesives & Sealants LLC is a producer of proprietary, high-performance adhesives and sealants. Royal offers a broad range of specialty formulated products designed to solve complex bonding, laminating and sealing applications across a diverse range of markets including aerospace and defense, construction, specialty packaging, automotive and industrial.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-14 AMAROK

Columbia, South Carolina, United States

AMAROK is a full-perimeter security company that provides service throughout the United States. Specializing in electric fencing on commercial properties, AMAROK also provides supplemental surveillance solutions, including cameras, lights, and alarms. AMAROK was founded in 1973 and is based in Columbia, South Carolina.

Sell -