M&A Deal Summary

TowerBrook Capital Partners Acquires Compassus

On October 1, 2019, private equity firm TowerBrook Capital Partners acquired healthcare services company Compassus from Audax Private Equity

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 4th transaction in the Healthcare Services sector.
  • This is TowerBrook Capital Partners’ 30th transaction in the United States.
  • This is TowerBrook Capital Partners’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2019-10-01
Target Compassus
Sector Healthcare Services
Buyer(s) TowerBrook Capital Partners
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

Compassus

Brentwood, Tennessee, United States
Compassus is an independent provider of hospice services in the United States. Compassus cares for its patients through over 135 locations in 29 states across the U.S., serving them wherever they call home (primarily homes, nursing homes, and assisted living facilities.) Compassus plays a key part in patients’ lives as they transition from acute to non-curative, post-acute care settings, and seeks to provide timely quality care, pain and symptom management, and emotional support through leveraging interdisciplinary care teams and data-driven insights. Compassus was founded in 1979 and is based in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 66 of 99
Sector (Healthcare Services) 4 of 7
Type (Secondary Buyout) 18 of 28
State (Tennessee) 2 of 3
Country (United States) 30 of 44
Year (2019) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 EPSA

Paris, France

EPSA is an international consulting group specializing in the optimization of operational performance. EPSA was founded in 2001 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Access

United States

Access utilises proprietary analytics and a flexible technology platform to provide various credit and related financial services and products to the financially underserved consumer credit market. Access applies the experiences gained and infrastructure built from servicing over $25 billion in consumer loans over its 23-year operating history, to support lenders who originate a range of consumer loan products. These products include retail credit and credit cards marketed through multiple channels, including retail point-of-sale, direct mail solicitation, and partnerships with third parties.

Buy -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 72 of 102
Sector (Healthcare Services) 6 of 11
Type (Secondary Buyout) 40 of 55
State (Tennessee) 3 of 3
Country (United States) 70 of 97
Year (2019) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 EIS

Atlanta, Georgia, United States

EIS is a distributor, fabricator, and converter of electrical process materials, wire, cable, and assemblies serving end-user segments in electrical power and related markets. It provides more than 100,000 products from 38 branches and four fabrication facilities to more than 20,000 customers across North America. EIS was founded in 1946 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Stinger Solutions

Clearwater, Florida, United States

Stinger Solutions designs and distributes a broad suite of technology products for the automotive aftermarket. The Company is known for its PAC, Connects2, Stinger, and other quality brands, and AAMP is a trusted supplier to installers throughout North America and Europe. Stinger Solutions was formed in 1987 and is based in Clearwater, Florida.

Sell -
Mergr

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