Investment Summary

Linden Capital Partners, Sentinel Capital Partners, Berkshire Partners and Leonard Green & Partners Invest In Vital Care

On October 19, 2020, private equity firms Linden Capital Partners, Sentinel Capital Partners, Berkshire Partners and Leonard Green & Partners invested in franchising company Vital Care

Investment Highlights
  • This is Linden Capital Partners’ 1st, Sentinel Capital Partners’ 3rd, Berkshire Partners’ 1st and Leonard Green & Partners’ 1st transaction in the Franchising sector.
  • This is Linden Capital Partners’ 36th, Sentinel Capital Partners’ 72nd, Berkshire Partners’ 75th and Leonard Green & Partners’ 78th transaction in the United States.
  • This is Linden Capital Partners’ 3rd, Sentinel Capital Partners’ 3rd, Berkshire Partners’ 2nd and Leonard Green & Partners’ 2nd transaction in Tennessee.

Investment Summary

Date 2020-10-19
Target Vital Care
Sector Franchising
Investor(s) Linden Capital Partners
Sentinel Capital Partners
Berkshire Partners
Leonard Green & Partners
Deal Type Growth Capital
Advisor(s) Deloitte (Financial)

Target

Vital Care

Brentwood, Tennessee, United States
Vital Care is a franchisor of home infusion services. Vital Care serves the medical needs of a wide range of patients, including those with chronic and acute conditions. Home infusion therapy involves the intravenous or subcutaneous administration of drugs or biologicals to patients at home. Vital Care was founded in 1986 and is based in Brentwood, Tennessee.

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Investor(S) 4

Investor

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 48
Sector (Franchising) 1 of 1
Type (Growth Capital) 6 of 7
State (Tennessee) 3 of 3
Country (United States) 36 of 47
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 IVX Health

Brentwood, Tennessee, United States

IVX Health is a national provider of infusion and injection therapy for those with complex chronic conditions such as rheumatoid arthritis, Crohn's disease, multiple sclerosis, and other conditions. IVX Health's national footprint of outpatient infusion centers is conveniently located in the communities where patients live and work. IVX Health is based in Brentwood, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Z-Medica

Wallingford, Connecticut, United States

Z-Medica LLC is a medical device company that develops, manufactures, and markets innovative hemostatic agents including the QuikClot family of products that rapidly enhance the body's natural coagulation process. Z-Medica LLC was founded in 2002 and is based in Wallingford, Connecticut.

Sell -
Investor

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 79 of 96
Sector (Franchising) 3 of 3
Type (Growth Capital) 5 of 6
State (Tennessee) 3 of 3
Country (United States) 72 of 89
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Sonny s

Tamarac, Florida, United States

Sonny's is a global manufacturer of conveyorized car wash systems. The Company serves both small independents and large national car wash chains throughout the U.S. and Internationally. Sonny’s is the only one-stop provider of solutions spanning the entire car wash lifecycle, providing education on car wash operations, site and car wash business consulting services, a comprehensive offering of tunnel equipment, vacuums, lighting and signage, controls, chemistry, local service and support and aftermarket parts. Sonny's was founded in 1949 and is based in Tamarac, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Marketplace Events

Solon, Ohio, United States

Marketplace Events (fka: Dmg world media co.) produces 38 consumer home shows in 27 markets across North America that collectively attract 14,000 exhibitors, one million attendees and nearly another one million unique web visitors annually.

Sell -
Investor

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 86 of 100
Sector (Franchising) 1 of 1
Type (Growth Capital) 16 of 23
State (Tennessee) 2 of 2
Country (United States) 75 of 88
Year (2020) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-30 EP Wealth Advisors

Torrance, California, United States

EP Wealth Advisors is a fee-only registered investment adviser and financial planning firm manages more than $4 billion in AUM as of March 31, 2019, and provides client-centric financial planning and investment management services to individuals and businesses. EP Wealth Advisors was founded in 2004 and is based in Torrance, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 FoodChain ID

Fairfield, Iowa, United States

FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Buy -
Investor

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 83 of 102
Sector (Franchising) 1 of 1
Type (Growth Capital) 4 of 5
State (Tennessee) 2 of 2
Country (United States) 78 of 94
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 MultiPlan

New York, New York, United States

MultiPlan is a provider of technology-enabled healthcare cost management solutions. MultiPlan provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. MultiPlan was founded in 1980 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Service Logic

Charlotte, North Carolina, United States

Service Logic is an independent provider of aftermarket maintenance, repair, and replacement services for commercial HVAC equipment, chilled water systems, and building automation and control systems. Service Logic was formed in 1945 and is based in Denver, Colorado.

Buy -