Investment Summary

Persistence Capital Partners and Roynat Capital Invest In MedSpa Partner

On December 5, 2019, private equity firm Persistence Capital Partners and growth capital firm Roynat Capital invested in healthcare services company MedSpa Partner

Investment Highlights
  • This is Persistence Capital Partners’ 9th and Roynat Capital’s 1st transaction in the Healthcare Services sector.
  • This is Persistence Capital Partners’ 15th and Roynat Capital’s 7th transaction in Canada.
  • This is Persistence Capital Partners’ 8th and Roynat Capital’s 3rd transaction in Ontario.

Investment Summary

Date 2019-12-05
Target MedSpa Partner
Sector Healthcare Services
Investor(s) Persistence Capital Partners
Roynat Capital
Deal Type Growth Capital

Target

MedSpa Partner

Toronto, Ontario, Canada
MedSpa Partner is a provider of premier medspas and cosmetic dermatology clinics. MSP focuses on enabling its industry-leading acquisition partners to achieve their personal and professional aspirations by creating world-class customer experiences through support, collaboration, and community. MedSpa Partner is based in Toronto, Ontario.

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Investor(S) 2

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 15 of 16
Sector (Healthcare Services) 9 of 9
Type (Growth Capital) 7 of 8
State (Ontario) 8 of 9
Country (Canada) 15 of 16
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Anova Fertility

Toronto, Ontario, Canada

Anova Fertility is an operator of an embryology laboratory that provides patient-centric fertility and reproductive care services. Anova Fertility was founded in 2016 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Summit Veterinary

Aurora, Ontario, Canada

Summit Veterinary provides prescription drug services to veterinary clinics focused on companion animals. Summit Veterinary Pharmacy was founded in 1998 and is based in Aurora, Ontario.

Buy -
Investor
DESCRIPTION

Roynat Capital is an investment arm within Canada-based bank Scotiabank that looks to provide capital to middle-market businesses for growth and/or liquidity needs. The Firm looks to invest $5 to $20 million for minority stakes in profitable businesses with minimum EBITDA of $2 million. Roynat is sector agnostic and can invest a variety of capital, including common equity, preferred equity, and convertible debt. Roynat Capital is based in Calgary, Alberta.


DEAL STATS #
Overall 7 of 13
Sector (Healthcare Services) 1 of 1
Type (Growth Capital) 3 of 6
State (Ontario) 3 of 4
Country (Canada) 7 of 13
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Agnora

Collingwood, Ontario, Canada

Agnora is a fabricator of oversized architectural glass for high-end retail, commercial, institutional and residential applications. Agnora is based in Collingwood, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Ansan Group

Richmond, British Columbia, Canada

Ansan Group is a provider of traffic management and control services. Ansan provides traffic control personnel, lane closure services, traffic permits, and traffic management plans, road maintenance, and landscaping/vegetation management services. Ansan Group was founded in 1978 and is based in Richmond, British Columbia.

Sell -