M&A Deal Summary

Pamlico Capital and Twin Brook Capital Partners Acquire Canadian Orthodontic Partners

On April 14, 2021, private equity firm Pamlico Capital and mezzanine finance firm Twin Brook Capital Partners acquired healthcare services company Canadian Orthodontic Partners from Sheridan Capital Partners

Acquisition Highlights
  • This is Pamlico Capital’s 8th and Twin Brook Capital Partners’ 4th transaction in the Healthcare Services sector.
  • This is Pamlico Capital’s 3rd and Twin Brook Capital Partners’ 1st transaction in Canada.
  • This is Pamlico Capital’s 2nd and Twin Brook Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2021-04-14
Target Canadian Orthodontic Partners
Sector Healthcare Services
Buyer(s) Pamlico Capital
Twin Brook Capital Partners
Sellers(s) Sheridan Capital Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Canadian Orthodontic Partners

Etobicoke, Ontario, Canada
Canadian Orthodontic Partners is the largest specialty dental services organization providing management services to orthodontic practices throughout Canada, supporting locations in five provinces, from coast to coast. The Company’s partner practices provide excellent clinical care and an elevated patient experience. Canadian Orthodontic Partners is based in Etobicoke, Ontario.

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Buyer(S) 2

Buyer

Pamlico Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 75 of 87
Sector: Healthcare Services M&A 8 of 8
Type: Secondary Buyout M&A Deals 15 of 17
State: Ontario M&A 2 of 2
Country: Canada M&A 3 of 4
Year: 2021 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Millennia

Cary, North Carolina, United States

Millennia provides technology-driven patient pay solutions. Millennia’s mission is to simplify and streamline the patient financial experience by communicating with patients early, informatively, and often through their proven patient engagement platform and a team of highly-trained support specialists. Millennia is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Datos Insights

Boston, Massachusetts, United States

Datos Insights is a provider of subscription research and advisory services to financial institutions and the technology and service providers that support them. Datos Insights is based in Boston, Massachusetts.

Buy -
Buyer
DESCRIPTION

Twin Brook Capital Partners is a provider of senior financing to small and mid-sized profitable companies. The Firm looks to offer a variety of credit and equity solutions including revolvers, senior loans, unitranche loans, mezzanine financing, and equity co-investment to US-based companies with $3 to $50 million in EBITDA. Target sectors include industrial, manufacturing, business services, financial services, insurance, aerospace/defense, distribution, healthcare, and software/tech enabled services. Twin Brook Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 16 of 26
Sector: Healthcare Services M&A 4 of 6
Type: Secondary Buyout M&A Deals 9 of 10
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Leonard

Mount Airy, North Carolina, United States

Leonard is a full-service retailer of truck accessories, trailers, and sheds in the United States. The Company offers high-quality, complementary, specialized products geared towards professionals, do-it-yourself and do-it-for-me consumers, and truck enthusiasts. Leonard’s sheds are manufactured in the Company’s Mount Airy, North Carolina facility and its trailers are contract manufactured in the United States. Leonard was founded in 1963 and is based in Mount Airy, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Aptitude Health

Atlanta, Georgia, United States

Aptitude Health provides market insights and strategic solutions that help translate clinical development into commercial success and life-changing cancer treatments through its proprietary network of community physicians, key opinion leaders, and market access experts. The Company services various life science companies, including the top pharma companies, and brand teams. Aptitude Health was founded in 2004 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Sheridan Capital Partners is a private equity firm focused on acquiring and investing in consumer products/services and healthcare companies across the US and Canada. Sheridan looks to invest $15 to $100 million in businesses valued from $25 to $150 million. Prospective transaction situations include growth buyouts, family owned company acquisitions, consolidations, and recapitalizations. Sheridan Capital Partners was formed in 2012 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 5 of 9
Sector: Healthcare Services M&A 2 of 4
Type: Secondary Buyout M&A Deals 2 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Tarrytown Expocare Pharmacy

Austin, Texas, United States

Tarrytown Expocare Pharmacy is a long-term care pharmacy that serves individuals with intellectual and developmental disabilities. The Company provides prescription medication to IDD patients primarily residing in group homes and offers clinical administrative services to its facility partners. Tarrytown Expocare Pharmacy was founded in 2013 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 DAS Health

Tampa, Florida, United States

DAS Health is a provider of Health IT and management solutions and a trusted consultant to many physician groups, hospitals, and healthcare systems across North America. DAS delivers Health Information Technology (HIT), MSP, cybersecurity, RCM medical billing, value-based care, patient engagement, compliance, and practice management solutions for nearly 20,000 users nationwide. DAS Health was founded in 2003 and is based in Tampa, Florida.

Buy -