M&A Deal Summary

New Canaan Funding and Northlane Capital Partners Acquire Science Care Holdings

On April 1, 2016, mezzanine finance firm New Canaan Funding and private equity firm Northlane Capital Partners acquired life science company Science Care Holdings

Acquisition Highlights
  • This is New Canaan Funding’s 1st and Northlane Capital Partners’ 1st transaction in the Life Science sector.
  • This is New Canaan Funding’s 34th and Northlane Capital Partners’ 3rd transaction in the United States.
  • This is New Canaan Funding’s 2nd and Northlane Capital Partners’ 1st transaction in Arizona.

M&A Deal Summary

Date 2016-04-01
Target Science Care Holdings
Sector Life Science
Buyer(s) New Canaan Funding
Northlane Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Science Care Holdings

Phoenix, Arizona, United States
Science Care Holdings, Inc. is a non-transplant human tissue (“NTHT”) bank. The company provides medical device companies, medical schools, and hospitals with NTHT services for training and research purposes. Science Care sources tissue through voluntary whole body donation programs, prepares tissue specimens based on customer demand and specifications, and transports the tissue to its domestic and international client base.

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Buyer(S) 2

Buyer

New Canaan Funding

New Canaan, Connecticut, United States

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.


DEAL STATS #
Overall 34 of 34
Sector: Life Science M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 16
State: Arizona M&A 2 of 2
Country: United States M&A 34 of 34
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-09 Technical Innovations

Norcross, Georgia, United States

Technical Innovation is a provider of custom design-build audio visual integration services and digital multimedia technology. The Company focuses on providing video-centric communication solutions to corporations, state and federal government agencies, universities, professional organizations and faith-based markets. Due to the Company's experience as an audio visual systems designer as well as its proprietary design-build integration process, Technical Innovation is uniquely positioned to provide its customers with comprehensive, customized services including turnkey design-build projects, custom software development and integration, full project management and ongoing customer support.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Water-Jel Technologies

Carlstadt, New Jersey, United States

Water-Jel Technologies LLC is a provider of emergency burn care products to the industrial, military, and consumer markets. In addition to burn care products, Water-Jel offers a portfolio of branded and private label products targeted principally for the industrial first-aid cabinet.

Sell -
Buyer

Northlane Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

Northlane Capital Partners is a private equity firm focused on acquiring mid-sized companies in the healthcare and business services sectors. The Firm looks to invest $25 to $150 million in profitable businesses valued up to $300 million. Northlane prefers companies with defensible market positions, recurring revenue business models, strong prospects for growth, and products with inelastic prices. Northlane Capital Partners was formed in 2014 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 3 of 17
Sector: Life Science M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 3 of 17
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Brandmuscle

Chicago, Illinois, United States

Brandmuscle is a local marketing software company that enables brands to own the local decision point by empowering their network of local distributors, dealers, franchisees and salespeople with everything they need to deliver brand-approved marketing tactics customized to local needs, tastes and other relevant differences that can affect the sale. Brandmuscle was founded in 2000 and based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 PAR Excellence

Cincinnati, Ohio, United States

PAR Excellence offers comprehensive inventory management systems and related support services that enable healthcare organizations to fully automate inventory replenishment activities and generate real-time, system-wide inventory visibility. PAR Excellence was founded in 1992 and is based in Cincinnati, Ohio.

Buy -