M&A Deal Summary

New Mountain Capital Acquires Benevis

On November 10, 2020, private equity firm New Mountain Capital acquired healthcare services company Benevis

Acquisition Highlights
  • This is New Mountain Capital’s 4th transaction in the Healthcare Services sector.
  • This is New Mountain Capital’s 65th transaction in the United States.
  • This is New Mountain Capital’s 7th transaction in Georgia.

M&A Deal Summary
Date 2020-11-10
Target Benevis
Sector Healthcare Services
Buyer(s) New Mountain Capital
Deal Type Special Situations/Distressed
Advisor(s) Lincoln International (Financial)

Target

Benevis

Marietta, Georgia, United States
Benevis provides various non-clinical services to group dental practices, including providing dental facilities, support staff, and other business services. Kool Smiles and Resolution Dental are the firm’s two major clients. Kool Smiles is a nationally-branded provider of dental care focused primarily on children enrolled in Medicaid and State Children's Health Insurance Programs. The limited access to care for children on Medicaid/SCHIP plans provides an attractive growth opportunity for Kool Smiles as it continues to expand offices with a mission to provide quality care to this underserved population. Benevis was founded in 2002 and is based in Marietta, Georgia.

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Buyer(S) 1

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 69 of 95
Sector (Healthcare Services) 4 of 4
Type (Special Situations/Distressed) 2 of 2
State (Georgia) 7 of 7
Country (United States) 65 of 90
Year (2020) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Personify Health

Fresno, California, United States

Personify Health is a third party administrator (TPA) of healthcare benefits to self-funded employers. The Company addresses the “dual mandate” to reduce costs and improve outcomes within the healthcare ecosystem. Personify Health offers core healthcare administrative services alongside a robust set of payment integrity and care management offerings to reduce costs, maximize efficiencies, and improve health outcomes for self-funded employer groups. Personify Health was founded in 1983 and is based in Fresno, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Tinuiti

Philadelphia, Pennsylvania, United States

Tinuiti is an independent performance marketing firm that offers a broad range of services, including Paid Search (SEM), Search Engine Optimization (SEO), Shopping & Feed, Performance Display, Paid Social, Conversion Rate Optimization (CRO), and Insight & Analytics across Google, Facebook, and Amazon, with over $2 billion in media under management and 700 employees. With expert knowledge in search, social, Amazon & marketplaces, mobile apps, CRM & email marketing, and more, Tinuiti understands success requires both strategy and channel specialization. Tinuiti was founded in 2004 and is based in New York.

Buy -
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