M&A Deal Summary

NexPhase Capital Acquires Always Best Care

On November 4, 2025, private equity firm NexPhase Capital acquired consumer services company Always Best Care from Gemini Investors

Acquisition Highlights
  • This is NexPhase Capital’s 2nd transaction in the Consumer Services sector.
  • This is NexPhase Capital’s 42nd transaction in the United States.
  • This is NexPhase Capital’s 6th transaction in California.

M&A Deal Summary

Date 2025-11-04
Target Always Best Care
Sector Consumer Services
Buyer(s) NexPhase Capital
Sellers(s) Gemini Investors
Deal Type Secondary Buyout
Advisor(s) Baird (Financial)

Target

Always Best Care

Roseville, California, United States
Always Best Care is a senior care franchise that provides comprehensive, non‑medical in‑home care, assisted living referral services, and skilled home health care in select markets through a network of independently owned and operated offices across the U.S. and Canada. Always Best Care was founded in 1996 and is based in Roseville, California.

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Buyer(S) 1

Buyer

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NexPhase Capital is the private equity investment arm of investment bank Moelis & Company. The firm targets growth equity and control buyouts requiring equity investments of $40 to 225 million. NexPhase Capital has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. NexPhase Capital was formed in 2007 and is based in New York, New York.


DEAL STATS #
Overall 44 of 44
Sector: Consumer Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 12 of 12
State: California M&A 6 of 6
Country: United States M&A 42 of 42
Year: 2025 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-26 Magic Science

New York, New York, United States

Magic Science is a health sciences company and FDA- and EPA-registered manufacturer of hypochlorous acid (HOCl)-based solutions, producing performance-driven consumer and skincare products under its flagship brand Magic Molecule. The company’s science-backed formulations address a wide range of skin conditions and are sold omnichannel, including major retailers and direct to consumers. Magic Science was founded in 2023 and is based in New York, New York.

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Seller(S) 1

SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 54 of 54
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 15 of 15
State: California M&A 9 of 9
Country: United States M&A 54 of 54
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-01 Spectro-UV

Farmingdale, New York, United States

Spectro-UV is a manufacturer of ultraviolet (UV) inspection lamps, radiometers, and related equipment used in nondestructive testing, forensics, laboratory research, and industrial applications. The company’s solutions support industries such as aerospace, automotive, oil & gas, and healthcare in ensuring safety, quality, and compliance. Spectro-UV is based in Farmingdale, New York.

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