Investment Summary

New Harbor Capital and Avante Capital Partners Invest In Monroe Biomedical Research

On September 21, 2023, private equity firm New Harbor Capital and mezzanine finance firm Avante Capital Partners invested in life science company Monroe Biomedical Research

Investment Highlights
  • This is New Harbor Capital’s 2nd and Avante Capital Partners’ 1st transaction in the Life Science sector.
  • This is New Harbor Capital’s 22nd and Avante Capital Partners’ 27th transaction in the United States.
  • This is New Harbor Capital’s 1st and Avante Capital Partners’ 1st transaction in North Carolina.

Investment Summary

Date 2023-09-21
Target Monroe Biomedical Research
Sector Life Science
Investor(s) New Harbor Capital
Avante Capital Partners
Deal Type Growth Capital
Advisor(s) Crosstree Capital Partners, Inc.
CliftonLarsonAllen M&A Advisory and Investment Banking (Financial)
Miller & Martin (Legal)

Target

Monroe Biomedical Research

Monroe, North Carolina, United States
Monroe Biomedical Research offers a wide range of clinical trials, including investigations into treatments for pulmonary, metabolic, cardiological, psychiatric, and infectious diseases, as well as vaccine studies. Monroe Biomedical Research was founded in 2015 and is based in Monroe, North Carolina.

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Investor(S) 2

Investor
DESCRIPTION

New Harbor Capital is a lower middle-market private equity firm focused on investing in and acquiring profitable, growth-oriented companies. New Harbor seeks opportunities in the healthcare services, education, and business services sectors and looks to invest $10 to $40 million per transaction. The Firm prefers control investment situations and typically looks to fund growth capital financings, management buyouts, and recapitalizations. New Harbor Capital was established in 2013 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 22 of 22
Sector (Life Science) 2 of 2
Type (Growth Capital) 6 of 6
State (North Carolina) 1 of 1
Country (United States) 22 of 22
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Desert Spine and Sports Physicians

Phoenix, Arizona, United States

Desert Spine and Sports Physicians is a provider of independent Physical Medicine and Rehabilitation (PM&R) group. The Company is dedicated to the diagnosis, treatment, and prevention of spine, sports and musculoskeletal pain and injury. Desert Spine and Sports Physicians was founded in 2008 and is based in Phoenix, Arizona.

Buy -
Investor

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 27 of 32
Sector (Life Science) 1 of 2
Type (Growth Capital) 6 of 10
State (North Carolina) 1 of 1
Country (United States) 27 of 32
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Amware Logistics

Lawrenceville, Georgia, United States

Amware Logistics is a provider of B2B and B2C third-party logistics and order fulfillment services for a wide variety of industries throughout North America. Amware operates over 2 million square feet of warehouse space through nine facilities located across the United States. Amware Logistics was founded in 1989 and is based in Lawrenceville, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-31 Radsource

Brentwood, Tennessee, United States

Radsource provides clinical excellence in subspecialized musculoskeletal and neurological MRI interpretation. The company leverages its deep experience as radiologists and daily PACS users to deliver PACS solutions, ProtonPACS, to hospitals, imaging centers, physician practices, and various other medical imaging environments. Radsource is based in Brentwood, Tennessee.

Buy -