M&A Deal Summary

The Cranemere Group Acquires NorthStar Anesthesia

On June 5, 2018, private equity firm The Cranemere Group acquired healthcare services company NorthStar Anesthesia from TPG

Acquisition Highlights
  • This is The Cranemere Group’s 1st transaction in the Healthcare Services sector.
  • This is The Cranemere Group’s 2nd transaction in the United States.
  • This is The Cranemere Group’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-06-05
Target NorthStar Anesthesia
Sector Healthcare Services
Buyer(s) The Cranemere Group
Sellers(s) TPG
Deal Type Secondary Buyout

Target

NorthStar Anesthesia

Irving, Texas, United States
NorthStar Anesthesia is a national anesthesiology platform that provides operating room efficiencies, improved clinical outcomes, and healthcare cost reductions through outsourced anesthesia services. NorthStar Anesthesia was established in 2004 and is based in Irving, Texas.

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Buyer(S) 1

DESCRIPTION

The Cranmere Group is a private investment firm focused on middle-market company acquisitions in Western Europe and the US. The Firm was formed in 2014 and is based in London.


DEAL STATS #
Overall 4 of 10
Sector (Healthcare Services) 1 of 3
Type (Secondary Buyout) 2 of 3
State (Texas) 1 of 2
Country (United States) 2 of 8
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 Marmite

Zakrzewo, Poland

Marmite is a manufacturer of washbasins, shower trays, and bathtubs made of cast marble. The company brings together natural mineral materials, sophisticated technology and develops efficient cast marble innovations. Marmite was established in 1978 and is based in Zakrzewo, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Velocity Vehicle Group

Whittier, California, United States

Velocity Vehicle Group is a seller of commercial vehicles and also offers to lease, financing through its velocity truck rental, and subsidiary companies. Velocity Vehicle Group was founded in 1998 and is based in Whittier, California.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 178 of 267
Sector (Healthcare Services) 7 of 11
Type (Secondary Buyout) 19 of 36
State (Texas) 18 of 26
Country (United States) 128 of 193
Year (2018) 10 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-04 Evoltz

Rio de Janeiro, Brazil

Evoltz is an electricity transmission platform consists of seven electricity transmission lines that total more than 3,500km across 10 states in Brazil. Evoltz is a holding company with end-to-end management of its concessions, leveraging cutting-edge technology and best practices within the electricity transmission sector. Evoltz was founded in 2018 and is based in Rio de Janeiro, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-16 Fourth Partner Energy

Hyderabad, India

Fourth Partner Energy is a distributor of solar energy management with complete in-house capabilities across design, engineering, construction, service, monitoring, and financing. Fourth Partner Energy was founded in 2010 and is based in Hyderabad, India.

Buy -