M&A Deal Summary

Morgan Stanley Capital Partners Acquires Prescott’s

On December 10, 2024, private equity firm Morgan Stanley Capital Partners acquired medical products company Prescott’s from Atlantic Street Capital

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 1st transaction in the Medical Products sector.
  • This is Morgan Stanley Capital Partners’ 47th transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2024-12-10
Target Prescott’s
Sector Medical Products
Buyer(s) Morgan Stanley Capital Partners
Sellers(s) Atlantic Street Capital
Deal Type Secondary Buyout
Advisor(s) Harris Williams
Houlihan Lokey (Financial)
Kramer Levin Naftalis & Frankel (Legal)

Target

Prescott’s

Monument, Colorado, United States
Prescott’s is a provider and refurbisher of surgical microscopes in the United States. Prescott’s services and sells refurbished and new microscopes to hospitals and surgical centers, primarily in the neuro, ophthalmic and ENT surgical specialties. Prescott’s was founded in 1984 and is based in Monument, Colorado.

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Buyer(S) 1

DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.


DEAL STATS #
Overall 50 of 50
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 19 of 19
State (Colorado) 3 of 3
Country (United States) 47 of 47
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 FoodScience

Williston, Vermont, United States

FoodScience is a Vermont-based formulator, manufacturer, and marketer of high-quality nutritional supplements for humans and pets. FoodScience was founded in 1973 and is based in Williston, Vermont.

Buy -

Seller(S) 1

SELLER

Atlantic Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create value. Atlantic Street looks to acquire profitable companies where it can invest $15 to $75 million per deal. Target industries include consumer products, services, manufacturing, distribution, retail, restaurant and healthcare. Atlantic Street prefers opportunities located in the US and Canada and will only consider control situations. Atlantic Street Capital was formed in 2006 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 10 of 10
Sector (Medical Products) 3 of 3
Type (Secondary Buyout) 7 of 7
State (Colorado) 1 of 1
Country (United States) 10 of 10
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Double B Foods

Arlington, Texas, United States

Double B Foods is a producer of meat snacks and frozen prepared food products for the private label and co-pack retail and food service industries. Double B Foods was founded in 1971 and is based in Arlington, Texas.

Sell -