Investment Summary

Newlight Partners and Leavitt Equity Partners Invest In Zing Health

On May 18, 2020, private equity firms Newlight Partners and Leavitt Equity Partners invested in healthcare services company Zing Health

Investment Highlights
  • This is Newlight Partners’ 1st and Leavitt Equity Partners’ 10th transaction in the Healthcare Services sector.
  • This is Newlight Partners’ 3rd and Leavitt Equity Partners’ 15th transaction in the United States.
  • This is Newlight Partners’ 1st and Leavitt Equity Partners’ 1st transaction in Illinois.

Investment Summary
Date 2020-05-18
Target Zing Health
Sector Healthcare Services
Investor(s) Newlight Partners
Leavitt Equity Partners
Deal Type Growth Capital
Advisor(s) Perkins Coie (Legal)

Target

Zing Health

Chicago, Illinois, United States
Zing Health is a medicare advantage plan serving medicare-eligible beneficiaries. The company has a distinctive focus on populations underserved by traditional health insurance models. Its approach is based on a patient-oriented delivery system consisting of primary care providers, registered nurses, social workers, behavioral health specialists, and community-based health care workers across a growing network of providers. Zing Health was founded in 2019 and is based in Chicago, Illinois.

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Investor(S) 2

Investor

Newlight Partners

Category Private Equity Firm
Founded 2018
PE ASSETS 4.0B USD
Size Small
Type Sector Agnostic
DESCRIPTION

Newlight Partners is a growth-focused middle market private equity firm investing in companies across North America. The Firm seeks to partner with founders and management teams in businesses in a variety of industries including healthcare, financial services, digital transformation, and decarbonization. Newlight Partners typically commits up to $150 million per transaction to support long-term growth initiatives. Newlight Partners was founded in 2018 and is headquartered in New York, New York.

DEAL STATS #
Overall 5 of 12
Sector (Healthcare Services) 1 of 1
Type (Growth Capital) 2 of 8
State (Illinois) 1 of 1
Country (United States) 3 of 9
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Lit Fibre

Reading, United Kingdom

Lit Fibre is a fiber-to-the-home ("FTTH") internet service provider in the UK. Lit Fibre is building FTTH infrastructure and bringing high-speed gigabit broadband to residents and businesses in underserved towns and communities. Lit Fibre is based in Reading, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 Propeller Industries

New York City, New York, United States

Propeller Industries is a provider of financial and accounting services for venture-stage companies. Propeller Industries was founded in 2008 and is based in New York City.

Buy -
Investor

Leavitt Equity Partners

Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 400M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Leavitt Equity Partners is the private equity arm of Leavitt Partners, a healthcare focused consulting firm. Leavitt looks to partner with and invest in growth-oriented healthcare services companies throughout the US. Leavitt Equity Partners was formed in 2014 and is headquartered in Salt Lake City, Utah.

DEAL STATS #
Overall 15 of 22
Sector (Healthcare Services) 10 of 16
Type (Growth Capital) 5 of 7
State (Illinois) 1 of 1
Country (United States) 15 of 22
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 PAI Pharma

Greenville, South Carolina, United States

PAI Pharma manufactures and markets generic oral liquid pharmaceuticals in the USA. PAI has been at the forefront of producing high-demand, as well as hard-to-find, oral suspensions, solutions, elixirs, syrups, and liquids for over 50 years. Core product categories include analgesic pain relief, cough/cold and allergies, digestive and metabolic health, neurological disorders, and mental health, among many others. PAI Pharma was founded in 1968 and is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Torch Insight

Salt Lake City, Utah, United States

Torch Insight is a SaaS health care data and analytics company. Torch Insight uses blended data to develop analytical models that reveal trends and relationships enabling clients to make more intelligent decisions. Torch Insight is based in Salt Lake City, Utah.

Sell -
Mergr

Product

Company

Legal