M&A Deal Summary

Oaktree Capital Management and Alvarez & Marsal Capital Partners Acquire Nevada Heart & Vascular Center

On May 7, 2021, asset manager Oaktree Capital Management and private equity firm Alvarez & Marsal Capital Partners acquired healthcare services company Nevada Heart & Vascular Center

Acquisition Highlights
  • This is Oaktree Capital Management’s 3rd and Alvarez & Marsal Capital Partners’ 1st transaction in the Healthcare Services sector.
  • This is Oaktree Capital Management’s 62nd and Alvarez & Marsal Capital Partners’ 11th transaction in the United States.
  • This is Oaktree Capital Management’s 3rd and Alvarez & Marsal Capital Partners’ 1st transaction in Nevada.

M&A Deal Summary

Date 2021-05-07
Target Nevada Heart & Vascular Center
Sector Healthcare Services
Buyer(s) Oaktree Capital Management
Alvarez & Marsal Capital Partners
Deal Type Recapitalization
Advisor(s) Capstone Partners (Financial)

Target

Nevada Heart & Vascular Center

Las Vegas, Nevada, United States
Nevada Heart & Vascular Center is a cardiovascular group in the Southern Nevada/Las Vegas region that offers both noninvasive and invasive procedures and operates an imaging center. Nevada Heart & Vascular Center is based in Las Vegas, Nevada.

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Buyer(S) 2

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 94 of 108
Sector (Healthcare Services) 3 of 3
Type (Recapitalization) 3 of 3
State (Nevada) 3 of 4
Country (United States) 62 of 71
Year (2021) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 ABC Technologies

Toronto, Ontario, Canada

ABC Technologies is a full-service automotive supplier of blow molded and injection molded thermoplastic components and systems including: center consoles, spoilers, bumper systems, HVAC ducts, filters, fluid reservoirs, and other parts. ABC Technologies was founded in 1974 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 ArchKey Solutions

St. Louis, Missouri, United States

ArchKey Solutions is an electrical and technologies contracting and services provider. As a platform for growth and the parent company for Sachs Electric, Parsons Electric, Sprig Electric and Mona Electric, ArchKey Solutions’ diversified offering provides scalability that is unmatched in the industry. ArchKey Solutions is based in St. Louis, Missouri.

Sell -
Buyer
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 12 of 26
Sector (Healthcare Services) 1 of 2
Type (Recapitalization) 1 of 2
State (Nevada) 1 of 1
Country (United States) 11 of 20
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-25 BrightPet

Lisbon, Ohio, United States

BrightPet manufactures premium and super-premium pet foods and international markets. BrightPet's top-of-the-line ingredient options and state-of-the-art American manufacturing operations ensure the quality of every recipe we produce. BrightPet was founded in 2016 and is based in Lisbon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 AirLife

Grand Rapids, Michigan, United States

AirLife is the global leader in consumable breathing products, specializing in respiratory care, anesthesia, and patient monitoring solutions. AirLife was founded in 1981 and is based in Grand Rapids, Michigan.

Buy -