M&A Deal Summary

Madison Dearborn Partners Acquires Solis Mammography

On August 1, 2018, private equity firm Madison Dearborn Partners acquired healthcare services company Solis Mammography from Audax Private Equity

Acquisition Highlights
  • This is Madison Dearborn Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Madison Dearborn Partners’ 67th transaction in the United States.
  • This is Madison Dearborn Partners’ 6th transaction in Texas.

M&A Deal Summary

Date 2018-08-01
Target Solis Mammography
Sector Healthcare Services
Buyer(s) Madison Dearborn Partners
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Solis Mammography

Addison, Texas, United States
Solis Mammography comprehensive is a provider of mammography and other breast health services in spa-like outpatient centers. Solis Mammography operates 29 clinics in six states focused exclusively on screening and diagnostics and related services for detecting breast cancer using advanced digital technologies. Solis Mammography was founded in 1986 and is based in Addison, Texas.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 31.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 79 of 104
Sector: Healthcare Services M&A 3 of 6
Type: Secondary Buyout M&A Deals 15 of 20
State: Texas M&A 6 of 10
Country: United States M&A 67 of 90
Year: 2018 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-04 Navacord

Toronto, Ontario, Canada

Navacord is a national insurance brokerage offering risk management and consulting solutions including property & casualty, employee benefits, loss control, claims management, surety and personal lines. Navacord was formed in 2014 and is headquartered in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 LGS Innovations

Herndon, Virginia, United States

LGS Innovations LLC is a technology company delivering mission-critical communications products, R&D, and supporting services to U.S. defense, intelligence, and civilian agencies and commercial customers around the world. We create advanced solutions in wireless communications, signals processing, and analysis, optical networking, photonics, routing and switching, and spectrum management. These solutions drive mission success in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR), cyberspace operations, and network assurance. LGS Innovations is headquartered in Herndon, Virginia, with offices across the U.S. and overseas.

Sell $750M

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 63 of 109
Sector: Healthcare Services M&A 4 of 12
Type: Secondary Buyout M&A Deals 33 of 61
State: Texas M&A 6 of 10
Country: United States M&A 61 of 103
Year: 2018 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Van Pool

Wilbraham, Massachusetts, United States

Van Pool is a provider of transportation services for special needs and homeless students in Massachusetts, Connecticut, and New Hampshire. Van Pool was founded in 1980 and is based in Wilbraham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-24 Acuant

Los Angeles, California, United States

Acuant is a provider of identity verification solutions including a digital identity orchestration layer, ID document, and chip authentication, bio-metric, and data capture solutions. Acuant was founded in 1999 and is based in Los Angeles, California.

Buy -