M&A Deal Summary

Lindsay Goldberg and Omega Acquire Second Spring Healthcare Investors

On November 2, 2016, private equity firm Lindsay Goldberg and Omega acquired real estate company Second Spring Healthcare Investors

Acquisition Highlights
  • This is Lindsay Goldberg’s 2nd and Omega’s 3rd transaction in the Real Estate sector.
  • This is Lindsay Goldberg’s 27th and Omega’s 3rd transaction in the United States.
  • This is Lindsay Goldberg’s 1st and Omega’s 1st transaction in Maryland.

M&A Deal Summary

Date 2016-11-02
Target Second Spring Healthcare Investors
Sector Real Estate
Buyer(s) Lindsay Goldberg
Omega
Deal Type Joint Venture

Target

Second Spring Healthcare Investors

Hunt Valley, Maryland, United States
Second Spring Healthcare Investors is a joint venture focused on acquiring and managing a portfolio of nursing care facilities across the US.

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Buyer(S) 2

Buyer

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 35 of 57
Sector (Real Estate) 2 of 2
Type (Joint Venture) 3 of 3
State (Maryland) 1 of 2
Country (United States) 27 of 46
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 adapa Group

Wiener Neudorf, Austria

adapa Group is a manufacturer of flexible packaging products in Europe across a range of end markets including meat & cheese, confectionary, pharmaceutical specialties and tobacco. The Company covers the entire value-added chain in the packaging industry – from the procurement of raw materials to extrusion, pressing, lamination and processing. adapa Group operates 11 production plants across Germany, Finland, Denmark, the Netherlands, Poland, Slovakia and Greece. adapa Group is based in Wiener Neudorf, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Stelco

Hamilton, Ontario, Canada

Stelco is a steel company fully integrated, industry major facilities are among the safest, environmentally progressive, and productive steel plants in the world. Powered by Canadian craftsmanship, Stelco's operations in Hamilton and Nanticoke reflect the strength of each community. Together with employing more than 2,200 people, these fully integrated, industry-leading facilities are among the safest, environmentally progressive, and productive steel plants in the world. Hamilton Works is located on the shore of Lake Ontario in Hamilton, Ontario. Lake Erie Works is located in Nanticoke, Ontario, on the shores of Lake Erie. Stelco produces high-quality steel that is used primarily in the North American automotive, construction, infrastructure, appliance, manufacturing and pipe, and tube industries. Stelco was founded in 1910 and is based in Hamilton, Ontario.

Buy -
Buyer

Omega

Hunt Valley, Maryland, United States

Category Company
Sector Real Estate
Employees57
Revenue 950M USD (2023)
DESCRIPTION

Omega is a real estate investment trust (REIT) providing financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities. Omega is based in Hunt Valley, Maryland.


DEAL STATS #
Overall 4 of 6
Sector (Real Estate) 3 of 4
Type (Joint Venture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 3 of 5
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 Healthcare Homes Group

Colchester, Langham, United Kingdom

Healthcare Homes Group Ltd. provides elderly residential care services.

Buy £115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-02 MedEquities Realty Trust

Nashville, Tennessee, United States

MedEquities Realty Trust, Inc. is a self-managed and self-administered real estate investment trust that invests in a mix of healthcare properties and healthcare-related real estate debt investments within the acute, post-acute and behavioral sectors of healthcare services.

Buy $600M