M&A Deal Summary

Partners Group AG Acquires Axia Women s Health

On May 5, 2021, asset manager Partners Group AG acquired healthcare services company Axia Women s Health from Audax Private Equity

Acquisition Highlights
  • This is Partners Group AG’s 7th transaction in the Healthcare Services sector.
  • This is Partners Group AG’s 27th transaction in the United States.
  • This is Partners Group AG’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2021-05-05
Target Axia Women s Health
Sector Healthcare Services
Buyer(s) Partners Group AG
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Axia Women s Health

Voorhees, New Jersey, United States
Axia Women's Health provides a highly integrated platform of non-clinical business and administrative support services, such as accounting, HR, insurance, IT, and practice management services, to its network of physician practices across the US. Axia has partnered with more than 80 care centers comprising 150 locations and supporting 475,000 patients annually, which offer a wide range of care, including obstetrics, gynecology, laboratory, mammography, urogynecology, fertility, and other sub-specialties. Axia is at the forefront of delivering women's healthcare via a truly integrated model that treats patients across different phases of life, while supporting physicians' clinical autonomy and ability to focus on care. Partners Group will draw on its extensive experience transforming other leading multi-site healthcare businesses to support Axia's patient-centric value creation plan. Key initiatives will include expanding in-demand ancillary services; improving patient experience, outcomes and engagement; and continued accretive M&A in both its existing geographical footprint and new regions. Axia Women's Health was formed in 2017 and is headquartered in Voorhees, New Jersey.

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Buyer(S) 1

Buyer

Partners Group AG

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1996
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.

DEAL STATS #
Overall 74 of 88
Sector (Healthcare Services) 7 of 8
Type (Secondary Buyout) 39 of 52
State (New Jersey) 2 of 2
Country (United States) 27 of 33
Year (2021) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Cerba HealthCare

Issy-les-Moulineaux, France

Cerba HealthCare is an operator of clinical pathology laboratories, with a number one position in France and strong market positions in Belgium and Luxembourg. The majority of Cerba's revenues are generated via routine lab tests. Cerba HealthCare was founded in 1967 and is based in Issy-les-Moulineaux, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Dimension Renewable Energy

Atlanta, Georgia, United States

Dimension Renewable Energy is focused on originating, developing, financing, and operating community solar and battery storage facilities across the US and has developed a deep pipeline of over 180 projects totaling over 800 MWs of solar capacity, and over 800 MWhs of battery storage across eight states.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 81 of 102
Sector (Healthcare Services) 7 of 11
Type (Secondary Buyout) 47 of 55
State (New Jersey) 4 of 7
Country (United States) 77 of 97
Year (2021) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Corsearch

London, United Kingdom

Corsearch is a player in the brand risk and performance market, serving over 5,000 clients across multiple industries. Corsearch Brand Risk and Performance solutions are revolutionizing how companies commercialize and protect their growth. Corsearch delivers data, analytics, and services that support brands to market their assets and reduce commercial risks. From IP clearance to brand protection and anti-piracy, Corsearch provides a comprehensive program that Press Release 2/2 enables businesses to secure brand value and thrive commercially. Corsearch was founded in 1949 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-19 Gastro Health

Miami, Florida, United States

Gastro Health is a gastroenterology physician practice management company with 21 centers across South Florida. Gastro Health was founded in 2003 and is based in Miami, Florida.

Sell -
Mergr

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