Investment Summary

Quad-C Management and Audax Private Debt Invest In Specialized Dental Partners

On November 9, 2021, private equity firm Quad-C Management and mezzanine finance firm Audax Private Debt invested in business services company Specialized Dental Partners from Kian Capital Partners and RF Investment Partners

Investment Highlights
  • This is Quad-C Management’s 6th and Audax Private Debt’s 9th transaction in the Business Services sector.
  • This is Quad-C Management’s 51st and Audax Private Debt’s 76th transaction in the United States.
  • This is Quad-C Management’s 2nd and Audax Private Debt’s 2nd transaction in Tennessee.

Investment Summary

Date 2021-11-09
Target Specialized Dental Partners
Sector Business Services
Investor(s) Quad-C Management
Audax Private Debt
Sellers(s) Kian Capital Partners
RF Investment Partners
Deal Type Stake Purchase

Target

Specialized Dental Partners

Franklin, Tennessee, United States
Specialized Dental Partners is a doctor-led, doctor-driven specialty services partnership for endodontists a collaboration of endodontic specialists and business experts working together to pursue excellence and growth in patient care and business. Specialized Dental Partners was established in 2018 and is based in Franklin, Tennessee.

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Investor(S) 2

Investor

Quad-C Management

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quad-C Management is a generalist private equity firm that makes control investments in middle-market companies operating in a wide range of industries. Target sector's include building products, business-to-business services, consumer products, distribution/logistics, equipment rental, financial services, healthcare, light manufacturing, packaging, restaurants, security, and specialty chemicals. Quad-C's target investment size is $50 to $150 million in businesses valued between $100 and $500 million and with EBITDA greater than $10 million. Prospective transaction types include recapitalizations/family successions, management buyouts, and industry consolidations. Quad-C Management was founded in 1989 and is headquartered in Charlottesville, Virginia.


DEAL STATS #
Overall 55 of 64
Sector: Business Services M&A 6 of 10
Type: Stake Purchase M&A Deals 3 of 3
State: Tennessee M&A 2 of 3
Country: United States M&A 51 of 60
Year: 2021 M&A 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 EFC International

St. Louis, Missouri, United States

EFC International is a distributor of highly-engineered specialty fasteners to the automotive and industrial end-markets. EFC International was founded in 1983 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 MNX Global Logistics

Long Beach, California, United States

MNX Global Logistics is a provider of express, supply chain, and freight services to customers primarily in the life sciences, entertainment, and aviation industries. MNX Global Logistics was founded in 1983 and is based in Long Beach, California.

Buy -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 78 of 120
Sector: Business Services M&A 9 of 18
Type: Stake Purchase M&A Deals 1 of 1
State: Tennessee M&A 2 of 2
Country: United States M&A 76 of 118
Year: 2021 M&A 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Agape Care Group

Spartanburg, South Carolina, United States

Agape Care Group is a hospice, palliative, and pediatric comfort care provider expanding across the Southeast region. Agape Care Group was founded in 1997 and is based in Spartanburg, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 PracticeTek

San Diego, California, United States

PracticeTek provides practice management, patient engagement, integrated payments and other software solutions to the retail healthcare market. The PracticeTek platform helps retail healthcare practices digitally manage their business and the entire patient journey process including client acquisition, engagement, visits, and billing and payments. PracticeTek was founded in 2020 and is based in San Diego, California.

Buy -

Seller(S) 2

SELLER

Kian Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Kian Capital Partners is a private equity firm focused on providing equity and junior capital to support growth, buyouts, shareholder liquidity needs, recapitalizations, divestitures, and refinancings of profitable lower middle-market companies with up to $150 million in revenue. Kian will consider opportunities throughout the US and seeks businesses operating in the business services, distribution, healthcare services, and niche manufacturing sectors. Kian Capital Partners was formed in 2011 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 7 of 11
Sector: Business Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 7 of 11
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 Driven Lighting Group

Atlanta, Georgia, United States

Driven Lighting Group is a designer, marketer, influencer, and online retailer of aftermarket enthusiasts automotive lighting products. DLG's portfolio of premium brands covers all lighting categories including complete assemblies, bulbs, offroad lighting, and accent lighting. The extensive product offerings serve a diverse customer base, all of which is fueled by its sophisticated digital marketing and white glove customer service. Driven Lighting Group was founded in 2005 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 IronSite

Corona, California, United States

IronSite provides automated gate and security solutions, including emergency repair, planned maintenance, design, fabrication, access control and installation to residential and commercial customers across Southern California. IronSite was founded in 1998 and is based in Corona, California.

Sell -
SELLER
DESCRIPTION

RF Investment Partners is a private investment firm focused on providing flexible capital solutions to small and mid-sized companies. The Firm looks to invest $10 to $40 million of equity/debt capital capital to support businesses with at least $10 million of revenue. Funds are generally used to support buyouts, recapitalizations, acquisitions, shareholder liquidity needs, and family successions. RF Investment Partners was formed in 2016 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 7
Sector: Business Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 4 of 7
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Lugano Diamonds & Jewelry

Newport Beach, California, United States

Lugano Diamonds & Jewelry designs and retails high-jewellery pieces and custom jewellery, focusing on rare gems, intricate craftsmanship and luxury retail experiences. The Company serves an affluent international client base through boutiques in major cities and private-client appointments. Lugano Diamonds & Jewelry was established in 2004 and is based in Newport Beach, California.

Sell $256M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 The Skin Center

Pittsburg, Pennsylvania, United States

The Skin Center is an operator of full-service medical spas, offering anti-aging skin care treatments for the face and body, as well as cosmetic surgery services. The Skin Center was founded in 1981 and is based in Pittsburg, Pennsylvania.

Buy -