M&A Deal Summary

Peloton Equity Acquires Grenova

On March 21, 2022, growth capital firm Peloton Equity acquired life science company Grenova

Acquisition Highlights
  • This is Peloton Equity’s 1st transaction in the Life Science sector.
  • This is Peloton Equity’s 6th transaction in the United States.
  • This is Peloton Equity’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-03-21
Target Grenova
Sector Life Science
Buyer(s) Peloton Equity
Deal Type Recapitalization
Advisor(s) Crosstree Capital Partners, Inc. (Financial)
Williams Mullen (Legal)

Target

Grenova

Richmond, Virginia, United States
Grenova designs, manufactures, and distributes instruments and associated consumables to the lab industry. Grenova’s technology enables its customers clinical labs, pharmaceutical/biotech companies, research institutions, agricultural companies, and others to wash, dry and re-use single-use plastics. Grenova was founded in 2014 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

Peloton Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
PE ASSETS 755M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Peloton Equity is a private equity firm focused on acquiring and investing in growth-oriented companies in the healthcare sector. The Firm looks for market-tested businesses generating $20 to $200 million and up to $10 million of EBITDA. Peloton has specific interest in companies whose products/services bring efficiency to the healthcare system, via higher quality care, and/or lower costs. Peloton Equity was formed in 2014 and is headquartered in Greenwich, Connecticut.

DEAL STATS #
Overall 7 of 8
Sector (Life Science) 1 of 1
Type (Recapitalization) 1 of 1
State (Virginia) 1 of 1
Country (United States) 6 of 7
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 IDX

Beaverton, Oregon, United States

IDX is a provider of identity protection and data breach services for companies and individuals throughout the U.S. ID Experts combine consumer-centric software and concierge-style professional services in serving organizations across government, healthcare, commercial enterprises, financial institutions, and higher education. IDX was founded in 2003 and is based in Beaverton, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 OnPoint Healthcare Partners

Flower Mound, Texas, United States

OnPoint Healthcare Partners is a fast-growing tech-enabled services provider that offers a suite of solutions that address physician burnout and optimize the financial and operational efficiency of provider organizations. OnPoint Healthcare Partners was founded in 2020 and is based in Flower Mound, Texas.

Buy -
Mergr

Product

Company

Legal