M&A Deal Summary

Odyssey Investment Partners Acquires ProPharma Group

On September 22, 2020, private equity firm Odyssey Investment Partners acquired healthcare services company ProPharma Group from Linden Capital Partners and Monroe Capital

Acquisition Highlights
  • This is Odyssey Investment Partners’ 3rd transaction in the Healthcare Services sector.
  • This is Odyssey Investment Partners’ 42nd transaction in the United States.
  • This is Odyssey Investment Partners’ 1st transaction in Kansas.

M&A Deal Summary
Date 2020-09-22
Target ProPharma Group
Sector Healthcare Services
Buyer(s) Odyssey Investment Partners
Sellers(s) Linden Capital Partners
Monroe Capital
Deal Type Secondary Buyout
Advisor(s) Centerview Partners
William Blair (Financial)

Target

ProPharma Group

Overland Park, Kansas, United States
ProPharma Group is a provider of medical information, pharmacovigilance, and compliance consulting services for clients in the pharmaceutical, biotechnology, and medical device industries. The Company’s Medical Information service includes responding to inquiries from patients and healthcare professionals in over 30 languages from five contact centers located around the world. Its pharmacovigilance service includes processing of post-marketing and clinical adverse events, aggregate reporting, and signal detection. ProPharma Group also provides an array of Compliance Consulting services to help its clients meet regulatory requirements across the product life cycle. Consulting services include quality assurance, process validation, commissioning and qualification, technology transfer, program management, computer system validation, and other related services. ProPharma Group was formed in 2001 and is based in Overland Park, Kansas.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.

DEAL STATS #
Overall 45 of 52
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 19 of 23
State (Kansas) 1 of 1
Country (United States) 42 of 49
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 NSi Industries

Huntersville, North Carolina, United States

NSi Industries is a provider of a wide variety of electrical connectors including insulated connectors and mechanical, digital time controls, time switches, wire management products, and related electrical components for construction, maintenance, and repair applications. NSi Industries was established in 1975 and is based in Huntersville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Protective Industrial Products

Latham, New York, United States

Protective Industrial Products is a provider of consumable personal protective equipment (PPE). Protective Industrial Products was established in 1984 and is headquartered in Latham, New York.

Buy -

Seller(S) 2

SELLER

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.

DEAL STATS #
Overall 20 of 27
Sector (Healthcare Services) 5 of 6
Type (Secondary Buyout) 7 of 9
State (Kansas) 2 of 2
Country (United States) 20 of 27
Year (2020) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-26 Solara Medical Supplies

Chula Vista, California, United States

Solara Medical Supplies LLC is an independent distributor of continuous glucose monitors (“CGM”) in the United States and offers a comprehensive suite of direct-to-patient diabetes management supplies to patients throughout the country, including CGMs, insulin pumps and other diabetic supplies. Solara Medical Supplies was founded in 2002 and is based in Chula Vista, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 IVX Health

Brentwood, Tennessee, United States

IVX Health is a national provider of infusion and injection therapy for those with complex chronic conditions such as rheumatoid arthritis, Crohn's disease, multiple sclerosis, and other conditions. IVX Health's national footprint of outpatient infusion centers is conveniently located in the communities where patients live and work. IVX Health is based in Brentwood, Tennessee.

Buy -
SELLER

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago.

DEAL STATS #
Overall 37 of 53
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 10 of 13
State (Kansas) 2 of 2
Country (United States) 37 of 53
Year (2020) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-08 MyCase

San Diego, California, United States

MyCase is an all-in-one legal practice management software designed for a modern law firm. The company covers the entire client lifecycle with Lead Management, Case Management, Billing and Invoicing, and Robust Reporting. It includes market-leading features such as integrated MyCase Payments, 2-way text messaging, MyCase Client Portal to centralize client communication, and MyCase Drive. The MyCase family of brands includes the broadest suite of legal practice management software solutions in the industry including MyCase, CASEpeer (Personal Injury), Soluno (Billing & Accounting), DocketWise (Immigration), and Woodpecker (Document Automation). MyCase was founded in 2010 and is based in San Diego, California.

Buy $193M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Premier Roofing

Denver, Colorado, United States

Premier Roofing is a roofing service providers and vendor managed networks in U.S. Premier Roofing re-roofs properties primarily damaged by hail or wind. Premier serves as the homeowner's end-to-end service guide throughout the insurance and construction process, and the Company is focused on serving geographies with strong and recurring storm activity. Premier Roofing was founded in 2005 and is based in Denver, Colorado.

Buy -
Mergr

Product

Company

Legal