Investment Summary

Petra Capital Partners, LLR Partners and NewSpring Capital Invest In SUN Behavioral Health

On January 1, 2014, private equity firms Petra Capital Partners, LLR Partners and NewSpring Capital invested in healthcare services company SUN Behavioral Health

Investment Highlights
  • This is Petra Capital Partners’ 7th, LLR Partners’ 6th and NewSpring Capital’s 7th transaction in the Healthcare Services sector.
  • This is Petra Capital Partners’ 29th, LLR Partners’ 56th and NewSpring Capital’s 76th transaction in the United States.
  • This is Petra Capital Partners’ 1st, LLR Partners’ 8th and NewSpring Capital’s 10th transaction in New Jersey.

Investment Summary

Date 2014-01-01
Target SUN Behavioral Health
Sector Healthcare Services
Investor(s) Petra Capital Partners
LLR Partners
NewSpring Capital
Deal Type Growth Capital

Target

SUN Behavioral Health

Red Bank, New Jersey, United States
SUN Behavioral Health is a provider of various behavioral health services to children, youth, adults, and seniors. SUN Behavioral Health is based in Red Bank, New Jersey.

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Investor(S) 3

Investor

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 29 of 55
Sector: Healthcare Services M&A 7 of 16
Type: Growth Capital M&A Deals 7 of 16
State: New Jersey M&A 1 of 1
Country: United States M&A 29 of 55
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 DataPath

Duluth, Georgia, United States

DataPath is a designer, integrates, manages and deploys satellite communication systems for military and commercial customers. Solutions include multi-band SATCOM terminals, network control software to manage and control communication networks, and global field support services. DataPath was established in 1982 and is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 PostUp Digital

Austin, Texas, United States

PostUp Digital LLC is a provider of email and audience development solutions for media and publishing brands. PostUp delivers personalized communications that drive engagement and increase revenues. PostUp Digital LLC was founded in 1996 and is based in Austin, Texas.

Buy -
Investor

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 57 of 128
Sector: Healthcare Services M&A 6 of 9
Type: Growth Capital M&A Deals 29 of 72
State: New Jersey M&A 8 of 13
Country: United States M&A 56 of 127
Year: 2014 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 WorldAware

Annapolis, Maryland, United States

WorldAware, Inc. is a provider of intelligence-driven operational risk management solutions to enable multinational companies and government organizations to operate globally with confidence. WorldAware’s end-to-end, tailored solution integrates world-class threat intelligence, innovative technology, and global response services that help enterprises protect their people and operational assets and mitigate operational risk. WorldAware was founded in 1999 and is based in Annapolis, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-07 Maxwell Systems

King of Prussia, Pennsylvania, United States

Maxwell Systems, Inc. is a provider of construction business management and property management software solutions and services. The company helps 10,000 customers streamline their estimating, job cost accounting, and project management processes and improve profitability.

Sell -
Investor

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 77 of 201
Sector: Healthcare Services M&A 7 of 16
Type: Growth Capital M&A Deals 27 of 106
State: New Jersey M&A 10 of 16
Country: United States M&A 76 of 197
Year: 2014 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 Fiberlink Communications

Blue Bell, Pennsylvania, United States

Fiberlink Communications Corp. is a provider of cloud based comprehensive security and management for applications, documents, email, and devices.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Habit OPCO

Boston, Massachusetts, United States

Habit Opco is an accredited healthcare organizations in New England providing multi-disciplinary treatment services on an outpatient basis to individuals addicted to drugs enabling them to function normally in society. Habit provides comprehensive services to individuals addicted to opiates and currently operates 12 sited programs and two mobile van units. Habit OPCO was founded in 1986 and is based in Boston, Massachusetts.

Sell -