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M&A Deal Summary

Pacific Equity Partners Acquires Evolution Healthcare

On March 1, 2019, private equity firm Pacific Equity Partners acquired healthcare services company Evolution Healthcare

Acquisition Highlights
  • This is Pacific Equity Partners’ 1st transaction in the Healthcare Services sector.
  • This is Pacific Equity Partners’ 7th transaction in New Zealand.
Investment Fate
  • Evolution Healthcare was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2019-03-01
Target Evolution Healthcare
Sector Healthcare Services
Buyer(s) Pacific Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cameron Partners
Rothschild Global Advisory (Financial)

Target

Evolution Healthcare

Wellington, New Zealand
Evolution Healthcare is a provider of private hospitals and rehabilitation services in New Zealand and Australia. The company focus on improving the management of private healthcare facilities by attracting and training the best talent, partnering with medical professionals, and healthcare providers to offer patients excellence in healthcare. Evolution Healthcare was founded in 2011 and is based in Wellington, New Zealand.

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Buyer(S) 1

Buyer

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 10.0B AUD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.

DEAL STATS #
Overall 26 of 37
Sector: Healthcare Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 18
Country: New Zealand M&A 7 of 7
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Allied Pinnacle Pty

Rhodes, Australia

Allied Pinnacle Pty Ltd. is a provider of value-added bakery products and bakery ingredients in Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Horizon Global - Asia-Pacific Business Segment

United States

Horizon Global's Asia-Pacific Business Segment is a manufacturer and distributor of automotive products.

Buy AU$340M
Mergr

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