M&A Deal Summary

Wellspring Capital Management Acquires Caring Brands International

On October 25, 2021, private equity firm Wellspring Capital Management acquired consumer services company Caring Brands International from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Wellspring Capital Management’s 2nd transaction in the Consumer Services sector.
  • This is Wellspring Capital Management’s 47th transaction in the United States.
  • This is Wellspring Capital Management’s 4th transaction in Florida.

M&A Deal Summary
Date 2021-10-25
Target Caring Brands International
Sector Consumer Services
Buyer(s) Wellspring Capital Management
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Kirkland & Ellis (Legal)

Target

Caring Brands International

Sunrise, Florida, United States
Caring Brands International is a provider of home healthcare services under three global brands: Interim Healthcare (United States), Bluebird Care (United Kingdom & Republic of Ireland) and Just Better Care (Australia). The franchisees offer patients a full continuum of care including skilled home nursing, assistance with daily living activities and end-of-life hospice care. Caring Brands International was founded in 1966 and is based in Sunrise, Florida.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 52 of 53
Sector (Consumer Services) 2 of 3
Type (Secondary Buyout) 22 of 22
State (Florida) 4 of 4
Country (United States) 47 of 48
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-11 Pentec Health

Glen Mills, Pennsylvania, United States

Pentec Health is a provider of specialty infusion services to patients who require access to complex pharmaceutical products and services outside of the hospital setting. Pentec Health was founded in 1983 and is based in Glen Mills, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Paragon Films

Broken Arrow, Oklahoma, United States

Paragon Films is a manufacturer of high-performance cast stretch films that are principally used to unitize loads while in storage and transit. Paragon Films produces thin-gauge films which outperform competitors in terms of quality, consistency, and value. Paragon Films was founded in 1988 and is based in Broken Arrow, Oklahoma.

Sell -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.

DEAL STATS #
Overall 45 of 57
Sector (Consumer Services) 2 of 3
Type (Secondary Buyout) 24 of 30
State (Florida) 3 of 4
Country (United States) 42 of 51
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 In-Place Machining

Milwaukee, Wisconsin, United States

In-Place Machining is a provider of high-acuity field machining, metrology, and diamond wire-cutting services for mission-critical infrastructure and equipment. The Company’s services are an essential part of the maintenance, repair, and service cycle for clients across a variety of end-markets including industrial and manufacturing, naval and marine, hydroelectric, metals, and aerospace. In-Place Machining was founded in 1976 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Best Lawyers

Augusta, Georgia, United States

Best Lawyers is a peer-reviewed and recommended lawyer who guides the best individuals and firms in their fields through our proven methodology. Best Lawyers was founded in 1981 and is based in Aiken, South Carolina.

Sell -
Mergr

Product

Company

Legal