M&A Deal Summary

Main Line Equity Partners and Virginia Capital Partners Acquire HemoShear Therapeutics

On September 1, 2012, private equity firms Main Line Equity Partners and Virginia Capital Partners acquired medical products company HemoShear Therapeutics

Acquisition Highlights
  • This is Main Line Equity Partners’ 1st and Virginia Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Main Line Equity Partners’ 3rd and Virginia Capital Partners’ 9th transaction in the United States.
  • This is Main Line Equity Partners’ 1st and Virginia Capital Partners’ 6th transaction in Virginia.

M&A Deal Summary

Date 2012-09-01
Target HemoShear Therapeutics
Sector Medical Products
Buyer(s) Main Line Equity Partners
Virginia Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

HemoShear Therapeutics

Charlottesville, Virginia, United States
HemoShear Therapeutics is a provider of human surrogate testing device that replicates the anatomical structure of the human blood vessel wall and blood flow patterns, providing superior pre-clinical drug response data than is currently available through traditional cell culture and animal testing processes.

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Buyer(S) 2

DESCRIPTION

Main Line Equity Partners is a private investment firm that looks to provide equity and mezzanine capital to support the growing needs of small companies with Min $25 million in revenue. Main Line prefers profitable companies located in the Eastern US and looks to invest $500K to $5 million per transaction. Sectors of interest include software, engineering, healthcare, life science, manufacturing, and real estate. The Firm will consider both minority and control positions. Main Line Equity Partners was formed in 2005 and is headquartered in Ardmore, Pennsylvania.


DEAL STATS #
Overall 3 of 14
Sector: Medical Products M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 6
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 14
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Apogee Informatics

Madison, Alabama, United States

Apogee Informatics is a provider of software as a service-based operational resource management solutions for the healthcare sector. Apogee Informatics offers tools and support to manage patient traffic and operational resources in the ED, OR, ICU, ancillary departments, or enterprise-wide. Apogee Informatics was founded in 2004 and is based in Madison, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Clutch

Ambler, Pennsylvania, United States

Clutch is a mobile commerce platform and app that unites shopping, loyalty, and gifting. Clutch delivers relevant offers to consumers and targeted customers to merchants. Clutch was founded in 2012 and is based in Ambler, Pennsylvania.

Buy -
Buyer

Virginia Capital Partners

Richmond, Virginia, United States

Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Virginia Capital Partners (VCP) is a private investment firm that invests in profitable, rapidly growing private companies located in the South Atlantic region of the US. Target businesses are typically valued between $500,000 to $10 million Sectors of interest include business services, healthcare services, media/communications, insurance, and consumer services. Virginia Capital Partners is based in Richmond, Virginia.


DEAL STATS #
Overall 9 of 9
Sector: Medical Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
State: Virginia M&A 6 of 6
Country: United States M&A 9 of 9
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-09 Kinsale Capital Group

Richmond, Virginia, United States

Kinsale Capital Group is a domestic excess and surplus lines insurance company specializing in hard-to-place property, casualty and specialty risks. Kinsale Capital Group was founded in 2009 and is based in Richmond, Virginia.

Buy $66M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Aptiv Solutions

Reston, Virginia, United States

Aptiv Solutions is a clinical research organization founded by members of the PRA International management team. Aptiv specializes in adaptive clinical trials focusing on oncology, cardiovascular, dermatology, gastro-intestinal and respiratory diseases.

Sell $144M