Investment Summary

York Private Equity, Onex Falcon and Audax Private Debt Invest In APT Healthcare

On January 20, 2022, private equity firm York Private Equity, mezzanine finance firm Onex Falcon and mezzanine finance firm Audax Private Debt invested in healthcare services company APT Healthcare

Investment Highlights
  • This is York Private Equity’s 1st, Onex Falcon’s 4th and Audax Private Debt’s 7th transaction in the Healthcare Services sector.
  • This is York Private Equity’s 7th, Onex Falcon’s 54th and Audax Private Debt’s 80th transaction in the United States.
  • This is York Private Equity’s 1st, Onex Falcon’s 1st and Audax Private Debt’s 5th transaction in Maryland.

Investment Summary

Date 2022-01-20
Target APT Healthcare
Sector Healthcare Services
Investor(s) York Private Equity
Onex Falcon
Audax Private Debt
Deal Type Growth Capital
Advisor(s) Fifth Third (Financial)

Target

APT Healthcare

Glen Burnie, Maryland, United States
APT Healthcare is a provider of state-of-the-art physical therapy treatment in 70+ locations. APT Healthcare dedicated physical therapists and certified hand therapists work closely with our diverse clinical team to design individualized treatment plans to achieve specific goals for each patient. APT Healthcare was founded in 2002 and is based in Glen Burnie, Maryland.

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Investor(S) 3

DESCRIPTION

York Private Equity is the direct investing arm of asset manager and hedge fund York Capital Management. York Private Equity looks to fund a variety of transaction situations including founders seeking liquidity, consolidations, recapitalizations, and corporate divestitures. Sectors of interest include consumer, business services, financial services, healthcare, and industrials. York Private Equity is based in New York City.


DEAL STATS #
Overall 8 of 10
Sector: Healthcare Services M&A 1 of 2
Type: Growth Capital M&A Deals 3 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 7 of 9
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 CURiO

Starkville, Minnesota, United States

CURiO is a manufacturer and seller of personal care and home fragrance products. CURiO is based in Starkville, Mississippi.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Healthcare Linen Services Group

St. Charles, Illinois, United States

Healthcare Linen Services Group is a provider of outsourced linen management services to the healthcare industry. The companies serve hospitals, clinics and nursing homes across the upper and central Midwest through their state-of-the-art facilities while maintaining a dedicated focus on providing outstanding customer service. Healthcare Linen Services Group is based in St. Charles, Illinois.

Buy -
Investor

Onex Falcon

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Onex Falcon is a mezzanine finance firm that provides junior capital for North American businesses. Falcon looks to provide $30 to $150 million of subordinated debt to companies with EBITDA of at least $10 million. Falcon has no specific industry focus. Investment proceeds are typically used to support LBOs/MBOs, growth and acquisition financings, restructuring, recapitalizations, take privates, and generational ownership transfers. Onex Falcon was formed in 2000 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 57 of 57
Sector: Healthcare Services M&A 4 of 4
Type: Growth Capital M&A Deals 12 of 12
State: Maryland M&A 1 of 1
Country: United States M&A 54 of 54
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 TCC Wireless

Bloomingdale, Illinois, United States

TCC Wireless operates wireless retail stores in several cities throughout the Midwest and Northeast United States. TCC Wireless was founded in 2013 and is based in Bloomingdale, Illinois.

Sell -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 82 of 120
Sector: Healthcare Services M&A 7 of 11
Type: Growth Capital M&A Deals 11 of 18
State: Maryland M&A 5 of 5
Country: United States M&A 80 of 118
Year: 2022 M&A 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Alliance Environmental Group

Azusa, California, United States

Alliance Environmental Group offers a full suite of facility and property remediation services, such as indoor air quality, asbestos abatement, pest control, and other environmental remediation services. The Company serves as a key-value chain partner to a diverse base of residential and commercial customers, including insurance companies, property managers, and restoration contractors. Alliance Environmental Group was founded in 1995 and is based in Azusa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Innovate

Calabasas, California, United States

Innovate is a provider of tech-enabled survey and sampling services to market research agencies, consulting firms, and corporations. The company focuses on enhancing the quality of its clients’ market research by using its proprietary software, deep respondent sourcing, and screening expertise, and client service model to provide insights professionals timely access to high quality, unique survey respondent populations. Innovate was founded in 2014 and is based in Calabasas, California.

Buy -