M&A Deal Summary

NMS Capital Acquires Flourish Research

On August 12, 2021, private equity firm NMS Capital acquired healthcare services company Flourish Research

Acquisition Highlights
  • This is NMS Capital’s 8th transaction in the Healthcare Services sector.
  • This is NMS Capital’s 18th transaction in the United States.
  • This is NMS Capital’s 2nd transaction in North Carolina.
Investment Fate
  • Flourish Research was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2021-08-12
Target Flourish Research
Sector Healthcare Services
Buyer(s) NMS Capital
Deal Type Consolidation

Target

Flourish Research

Apex, North Carolina, United States
Flourish Research is a clinical trial site network focused on performing the highest quality trials for sponsors and CROs and providing patients with an exceptional clinical experience. Flourish Research was founded in 2021 and is based in Apex, North Carolina.

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Buyer(S) 1

Buyer

NMS Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

New MainStream Capital is a private investment firm that specializes in strategic equity investments and leveraged buyouts. The Firm targets middle-market growth companies throughout the US. New Mainstream focuses on companies with experienced management, high operating margins, and strong cash flows. New MainStream looks to invest $25 to $75 million in companies valued up to $150 million. The Firm will consider opportunities in a variety of sectors, however the Firm has a special interest in healthcare services, consumer products/services, and specialized business services. New MainStream Capital was formed in 2010. The Firm is based in New York City with an additional office in Dallas, Texas.


DEAL STATS #
Overall 19 of 25
Sector (Healthcare Services) 8 of 8
Type (Consolidation) 2 of 2
State (North Carolina) 2 of 2
Country (United States) 18 of 24
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 DirectMed Imaging

Poway, California, United States

DirectMed Imaging is a provider of medical imaging aftermarket parts, systems, and field service solutions. DirectMed Imaging was founded in 2011 and is based in Poway, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Aela Energia

Santiago, Chile

Aela Energía is a renewable energy generation company that has a 332 MW portfolio of three newly-built operating wind assets in Chile. Aela’s portfolio consists of the Sarco wind farm (170 MW), the Aurora wind farm (129 MW), and the Cuel wind farm (33 MW). Aela Energia was founded in 2013 and is based in Santiago, Chile.

Sell $686M