Investment Summary

Persistence Capital Partners Invests In FunctionAbility

On January 1, 2016, private equity firm Persistence Capital Partners invested in healthcare services company FunctionAbility

Investment Highlights
  • This is Persistence Capital Partners’ 7th transaction in the Healthcare Services sector.
  • This is Persistence Capital Partners’ 11th transaction in Canada.
  • This is Persistence Capital Partners’ 5th transaction in Ontario.

Investment Summary

Date 2016-01-01
Target FunctionAbility
Sector Healthcare Services
Investor(s) Persistence Capital Partners
Deal Type Growth Capital

Target

FunctionAbility

Vaughan, Ontario, Canada
FunctionAbility is an operator of community-based rehabilitation services provider. The Company provides multidisciplinary rehabilitation services including occupational therapy, social work, case management, and speech-language pathology. FunctionAbility was founded in 2001 and is based in Vaughan, Ontario.

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Investor(S) 1

Investor

Persistence Capital Partners

Montreal, Quebec, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

PCP Management Inc. (Persistence Capital Partners) is a specialist private equity group focused on investing in Canadian healthcare companies. The Firm targets to companies with post revenues, enterprise driven lead by strong management teams. Types of transaction includes MBOs, recapitalization, divestitures/carve outs and special situations. Persistence was formed in 2008 and is based in Montreal.


DEAL STATS #
Overall 11 of 16
Sector: Healthcare Services M&A 7 of 9
Type: Growth Capital M&A Deals 4 of 8
State: Ontario M&A 5 of 9
Country: Canada M&A 11 of 16
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-28 LMC Manna Research

Toronto, Ontario, Canada

LMC Manna Research specializes in conducting national and international Phase IIa, Phase IIb and Phase IIIa and Phase IIIb clinical trials utilizing oral, topical, intravenous, injectable medications, and device trials in compliance with FDA, TPD, and ICH standards. LMC Manna Research was founded in 1996 and is based in Toronto, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 KDA

Thetford-Mines, Quebec, Canada

KDA is a provider of on-field staffing in the health industry, linking health care in pharmacies and hospitals. Its pharmacy services provide a range of services to pharmacies and pharmacists, including staffing, generic medication, and related services; and pharmaceutical Solutions provides a range of communications, training, and other services to pharmaceutical companies. KDA was incorporated in 2008 and is based in Thetford-Mines, Quebec.

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