M&A Deal Summary

Partners Group AG and OMERS Private Equity Acquire Forefront Dermatology

On February 10, 2022, asset manager Partners Group AG and private equity firm OMERS Private Equity acquired healthcare services company Forefront Dermatology from OMERS Private Equity and Penfund

Acquisition Highlights
  • This is Partners Group AG’s 8th and OMERS Private Equity’s 10th transaction in the Healthcare Services sector.
  • This is Partners Group AG’s 32nd and OMERS Private Equity’s 26th transaction in the United States.
  • This is Partners Group AG’s 1st and OMERS Private Equity’s 3rd transaction in Wisconsin.

M&A Deal Summary
Date 2022-02-10
Target Forefront Dermatology
Sector Healthcare Services
Buyer(s) Partners Group AG
OMERS Private Equity
Sellers(s) OMERS Private Equity
Penfund
Deal Type Secondary Buyout

Target

Forefront Dermatology

Manitowoc, Wisconsin, United States
Forefront Dermatology delivers medical dermatology, fully integrated surgery and pathology services through more than 130 clinics across 16 U.S. states. Forefront Dermatology was formed in 1980 and is based in Manitowoc, Wisconsin.

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Buyer(S) 2

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 81 of 88
Sector (Healthcare Services) 8 of 8
Type (Secondary Buyout) 45 of 52
State (Wisconsin) 1 of 1
Country (United States) 32 of 33
Year (2022) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Voyage Care

Lichfield, United Kingdom

Voyage Care provides specialist care and support to people with learning and physical difficulties, brain injuries, autism, and other complex needs across the UK. Voyage Care was founded in 1988 and is based in Lichfield, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Forterro

London, United Kingdom

Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Forterro operates business units in Sweden, Switzerland and France, as well as regional office locations and research and development centers around the world. Forterro was founded in 2012 and is headquartered in London, United Kingdom.

Buy €1.0B
Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.

DEAL STATS #
Overall 50 of 56
Sector (Healthcare Services) 10 of 10
Type (Secondary Buyout) 29 of 34
State (Wisconsin) 3 of 3
Country (United States) 26 of 29
Year (2022) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Medical Knowledge Group

New York, New York, United States

Medical Knowledge Group address the business needs of biopharmaceutical companies through the provision of network-mapping analytics, patient-finding analytics, and multi-channel marketing solutions. Medical Knowledge Group was formed in 2004 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Network Plus

Manchester, United Kingdom

Network Plus is a Tier 1 pureplay providers of essential repair & maintenance (R&M), installation and connection services to water, power gas, telecoms and transport asset owners throughout the UK. Network Plus was founded in 2000 and is based in Manchester, United kingdom.

Buy -

Seller(S) 2

SELLER

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 19.8B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.

DEAL STATS #
Overall 27 of 29
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 13 of 15
State (Wisconsin) 2 of 2
Country (United States) 13 of 13
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 Medical Knowledge Group

New York, New York, United States

Medical Knowledge Group address the business needs of biopharmaceutical companies through the provision of network-mapping analytics, patient-finding analytics, and multi-channel marketing solutions. Medical Knowledge Group was formed in 2004 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Network Plus

Manchester, United Kingdom

Network Plus is a Tier 1 pureplay providers of essential repair & maintenance (R&M), installation and connection services to water, power gas, telecoms and transport asset owners throughout the UK. Network Plus was founded in 2000 and is based in Manchester, United kingdom.

Buy -
SELLER

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.

DEAL STATS #
Overall 18 of 19
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 6 of 6
State (Wisconsin) 1 of 1
Country (United States) 9 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Arrowhead Engineered Products

Blaine, Minnesota, United States

Arrowhead Engineered Products is a specialty supplier and distributor of aftermarket replacement parts for a wide variety of equipment types across the outdoor power equipment, Powersports, agricultural, industrial and automotive industries. Arrowhead Engineered Products was founded in 1986 and is based in Blaine, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Hopkins

Emporia, Kansas, United States

Hopkins is a manufacturer and marketer of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarket. Hopkins was founded in 1953 and is based in Emporia, Kansas.

Sell -
Mergr

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