Secondary Buyout • Information Technology

TT Capital Partners Acquires Pyx Health

On July 20, 2023, growth capital firm TT Capital Partners acquired information technology company Pyx Health from Rallyday Partners

Acquisition Context
  • This is TT Capital Partners’ 5th transaction in the Information Technology sector.
  • This is TT Capital Partners’ 15th transaction in the United States.
  • This is TT Capital Partners’ 1st transaction in Arizona.

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M&A Deal Summary

Date July 20, 2023
Target Pyx Health
Sector Information Technology
Buyer(s) TT Capital Partners
Sellers(s) Rallyday Partners
Deal Type Secondary Buyout
Advisor(s) Triple Tree (Financial)
Weiss Brown
Brownstein (Legal)

Target Company

Pyx Health

Tucson, Arizona, United States
Pyx Health offers loneliness and social isolation technology focused on helping the most vulnerable populations. Combining a digital platform with a Compassionate Support Center and timely human interventions, the company provides employers, health plans, and their members an innovative, scalable solution that effectively addresses the nation's critical loneliness epidemic. Pyx Health was founded in 2017 and is based in Tucson, Arizona.
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Buyer Overview 1

DESCRIPTION

TT Capital Partners is the investment arm of financial advisory firm TripleTree. TT Capital Partners invests in emerging healthcare technology and services companies with the potential to be market leaders across disruptive themes in healthcare. TT Capital Partners is based in Minneapolis, Minnesota.


Deal Context for Buyer #
Overall 16 of 18
Sector: Information Technology 5 of 5
Type: Secondary Buyout 1 of 1
State: Arizona 1 of 1
Country: United States 15 of 17
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-05 CareConnectMD

Costa Mesa, California, United States

CareConnectMD provides personalized and compassionate medical care for fragile and medically complex patients in skilled nursing and long-term care facilities, as well as in the home. CareConnectMD was founded in 1996 and is based in Costa Mesa, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Cantata Health Solutions

Lakeway, Texas, United States

Cantata Health Solutions delivers software for acute, post-acute, and behavioral health facilities that are purpose-built to improve the health of the facilities and their patients. Cantata Health’s Revenue Cycle Management (RCM), financial management and Electronic Health Records (EHR) software are configurable to meet the unique needs of each facility or system; provide staff and administrators with greater visibility to patient care across the continuum of care; ensure predictable financial outcomes; improve back-office operations; clinical efficiency; and revenue recovery. Cantata Health Solutions was founded in 1976 and is based in Lakeway, Texas.

Buy -

Seller Profile 1

SELLER

Rallyday Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rallyday Partners is a private equity firm focused on partnering with companies at an inflection point in their business. The Firm looks to invest $20 to $50 million in profitable companies with $1 to $10 million of EBITDA. Funds are typically used to support growth needs, shareholder liquidity, outright purchases, or management buyouts. The Firm generally seeks businesses operating in ecducation, HR, corporate training, health/wellness, precision manufacturing, and tech-enabled business services. Rallyday Partners was formed in 2018 and is headquartered in Denver, Colorado.


Deal Context for Seller #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Secondary Buyout 2 of 2
State: Arizona 1 of 1
Country: United States 2 of 2
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Highbar

Providence, Rhode Island, United States

Highbar is a physical therapy platform helping patients of all ages achieve optimal physical: function fitness, wellness, and rehabilitation. It specializes in sports injuries, spinal, orthopedic, and post-surgical conditions, and creates a variety of strength and wellness strategies to help patients heal fully and quickly. Highbar was formed in 2000 and is based in Providence, Rhode Island.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-06 Livefront

Minneapolis, Minnesota, United States

Livefront is a digital product consultancy known for designing and building standout, successful consumer-facing apps. The Company's strategists, designers, engineers, and product managers help companies grow by creating digital products. Livefront is based in Minneapolis, Minnesota.

Buy -