Investment Summary

SkyKnight Capital and Stonehenge Partners Invest In MedVet

On December 28, 2015, private equity firm SkyKnight Capital and mezzanine finance firm Stonehenge Partners invested in healthcare services company MedVet

Investment Highlights
  • This is SkyKnight Capital’s 1st and Stonehenge Partners’ 4th transaction in the Healthcare Services sector.
  • This is SkyKnight Capital’s 1st and Stonehenge Partners’ 63rd transaction in the United States.
  • This is SkyKnight Capital’s 1st and Stonehenge Partners’ 18th transaction in Ohio.

Investment Summary

Date 2015-12-28
Target MedVet
Sector Healthcare Services
Investor(s) SkyKnight Capital
Stonehenge Partners
Deal Type Growth Capital

Target

MedVet

Worthington, Ohio, United States
MedVet is an independent owner of specialty and emergency veterinary hospitals. MedVet was founded in 1988 and is based in Worthington, Ohio.

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Investor(S) 2

DESCRIPTION

SkyKnight Capital is a private equity firm focused on long-term investments in businesses requiring value-add strategies to achieve growth. SkyKnight will consider majority or minority investment situations and generally looks to commit $25 to $250 million per transaction. Sectors of interest include healthcare, financial services, and tech-enabled services. SkyKnight is headquartered in San Francisco, California.


DEAL STATS #
Overall 1 of 14
Sector (Healthcare Services) 1 of 5
Type (Growth Capital) 1 of 9
State (Ohio) 1 of 3
Country (United States) 1 of 14
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 AmWINS

Charlotte, North Carolina, United States

AmWINS is a distributor of insurance products, provides property and casualty products, group insurance programs, and administrative services to retail insurance agents. It provides brokerage services in the areas of property, casualty, financial risk, auto, construction, environmental, healthcare, life sciences, and public entity. AmWINS was founded in 1998 and is based in Charlotte, North Carolina.

Buy -
Investor

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


DEAL STATS #
Overall 65 of 68
Sector (Healthcare Services) 4 of 4
Type (Growth Capital) 5 of 5
State (Ohio) 18 of 18
Country (United States) 63 of 66
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Galco

Madison Heights, Michigan, United States

Galco is a distributor of Industrial and Commercial Electrical and Electronic Control, Automation and Motion Products, Repair and Engineering Services. Galco was founded in 1975 and is based in Madison Heights, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 Biotronic NeuroNetwork

Ann Arbor, Michigan, United States

Biotronic NeuroNetwork LLC is a patient centric healthcare organization that provides intraoperative neurophysiological monitoring services to surgeons and healthcare facilities across the U.S.

Sell $98M