M&A Deal Summary

RestorixHealth Acquires Candescent Healing

On January 7, 2014, RestorixHealth acquired healthcare services company Candescent Healing from Gemini Investors, Harbert Private Capital and Candescent Healing

Acquisition Highlights
  • This is RestorixHealth’s 1st transaction in the Healthcare Services sector.
  • This is RestorixHealth’s 1st transaction in the United States.
  • This is RestorixHealth’s 1st transaction in New York.

M&A Deal Summary

Date 2014-01-07
Target Candescent Healing
Sector Healthcare Services
Buyer(s) RestorixHealth
Sellers(s) Gemini Investors
Harbert Private Capital
Candescent Healing
Deal Type Add-on Acquisition

Target

Candescent Healing

Tarrytown, New York, United States
Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitals.

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Buyer(S) 1

Buyer

RestorixHealth

Metairie, Louisiana, United States

Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

RestorixHealth is a provider of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). RestorixHealth focuses on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. RestorixHealth was established in 1997 and is based in Metairie, Louisiana.


DEAL STATS #
Overall 1 of 4
Sector (Healthcare Services) 1 of 4
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 4
Year (2014) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-16 Paradigm Medical Management

El Segundo, California, United States

Paradigm Medical Management, Inc. is a progressive company, setting up and managing solid and successful wound care, amputation prevention and hyperbaric medicine centers in partnership with acute care hospitals.

Buy -

Seller(S) 3

SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 20 of 48
Sector (Healthcare Services) 4 of 7
Type (Add-on Acquisition) 6 of 23
State (New York) 2 of 3
Country (United States) 20 of 48
Year (2014) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-12 Just Brakes

Dallas, Texas, United States

Just Brakes is a retail provider of automotive brake and maintenance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-15 BlueWater Mfg.

Chaska, Minnesota, United States

BlueWater Mfg., Inc. is a manufacturer of pre-engineered, modular guardrail systems. BlueWater has been manufacturing the easy-to-install SafetyRail 2000 guardrail which has become the leading product for non-penetrating fall protection systems for roof edge safety applications. BlueWater was founded in 2001 and is based in Chaska, Minnesota.

Buy -
SELLER

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 20 of 43
Sector (Healthcare Services) 7 of 10
Type (Add-on Acquisition) 14 of 26
State (New York) 1 of 1
Country (United States) 19 of 42
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Travis Body & Trailer

Houston, Texas, United States

Travis Body & Trailer, Inc. is a manufacturer of all-aluminum dump trailers, including end dump, bottom dump and transfer trailers, as well as several specialty application trailers. Travis serves customers in a variety of end markets, such as rendering, municipal solid waste, agriculture, recycling, energy, aggregates, underground utilities and construction.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 Star Packaging

Atlanta, Georgia, United States

Star Packaging is a provider of flexographic printing, converting, and laminating for both the industrial and consumer packaging markets. Star Packaging is based in Atlanta, Georgia.

Sell -
SELLER

Candescent Healing

Tarrytown, New York, United States

Category Company
Founded 2009
Sector Healthcare Services
DESCRIPTION

Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitals.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 Candescent Healing

Tarrytown, New York, United States

Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitals.

Buy -