M&A Deal Summary |
|
|---|---|
| Date | 2004-06-22 |
| Target | IASIS Healthcare |
| Sector | Healthcare Services |
| Buyer(s) |
TPG
Trimaran Capital Partners WindRose Health Investors Halifax Group JLL Partners |
| Sellers(s) |
LLM Capital Partners
Pharos Capital Group JLL Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 1.4B USD |
| Advisor(s) | Goldman Sachs (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 48 of 421 |
| Sector (Healthcare Services) | 3 of 23 |
| Type (Secondary Buyout) | 5 of 72 |
| State (Tennessee) | 1 of 5 |
| Country (United States) | 34 of 276 |
| Year (2004) | 4 of 10 |
| Size (of disclosed) | 54 of 105 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-15 |
Belden & Blake
Houston, Texas, United States Belden & Blake Corp. is an independent energy company, engages in the exploitation, development, production, operation and acquisition of oil and natural gas properties. The company's operations are focused in the Appalachian Basin in Ohio, Pennsylvania and New York and in the Antrim Shale formation in the Michigan Basin. |
Sell | $350M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-21 |
Texas Genco Holdings
Houston, Texas, United States Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant. |
Buy | $3.7B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 3.1B USD |
| Size | Large |
| Type | Sector Agnostic |
Trimaran Capital Partners is a middle-market private equity investor. The Firm seeks long-term capital appreciation by making privately negotiated equity or equity-oriented investments in niche middle-market companies. Trimaran generally looks to invest $25 to $100 million of equity in transactions ranging in value from $100 million to $1 billion. Sectors of interest include business services, financial services, energy, healthcare, manufacturing, and media. Trimaran Capital Partners was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 10 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 4 |
| State (Tennessee) | 1 of 1 |
| Country (United States) | 5 of 10 |
| Year (2004) | 2 of 2 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-04-19 |
Urban Brands
Secaucus, New Jersey, United States Urban Brands, Inc. is a specialty apparel retailer that focuses on urban customers. Urban Brands operates Ashley Stewart, a 215 store chain that sells plus-sized apparel principally in urban markets throughout the United States. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-01-31 |
Mesmerize
New York, New York, United States Mesmerize is an out-of-home advertising company focused on three primary areas: transit, point-of-care, and point-of-sale. Mesmerize, under the BriteVision name, also produces custom coffee sleeves for cafés, convenience stores, and other distribution partners, in addition to the sleeves produced for advertisers. Mesmerize was established in 1999 and is based in New York City. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.5B USD |
| Size | Large |
| Type | Sector Focused |
MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 38 |
| Sector (Healthcare Services) | 3 of 19 |
| Type (Secondary Buyout) | 1 of 5 |
| State (Tennessee) | 1 of 4 |
| Country (United States) | 4 of 38 |
| Year (2004) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-11-01 |
Housecall Medical Resources
Atlanta, Georgia, United States Housecall Medical Resources, Inc., develops into a multi-service-line home healthcare platform with strong geographic coverage in Tennessee and Florida, particularly in their rural markets. Housecall employed approximately 3,000 full and part time, largely female staff and served primarily elderly patients covered under the Medicare and Medicaid benefits. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-08-05 |
HMS Healthcare
Greenwood Village, Colorado, United States HMS Healthcare, Inc. was a holding company that was established solely for the acquisition of Sloans Lake Managed Care ('SLMC') and PPOM LLC, two independent non-risk access preferred provider organizations ('PPOs'). |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 45 |
| Sector (Healthcare Services) | 2 of 7 |
| Type (Secondary Buyout) | 2 of 16 |
| State (Tennessee) | 1 of 3 |
| Country (United States) | 6 of 40 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-10-01 |
Agiliti
Eden Prairie, Minnesota, United States Agiliti is an essential service provider to the U.S. healthcare industry with solutions that help support a more efficient, safe, and sustainable healthcare delivery system. The company serves over 10,000 national, regional, and local acute care and alternate site providers across the U.S. It delivers medical equipment management and service solutions that help healthcare providers reduce costs, increase operating efficiencies, and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Eden Prairie, Minnesota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-03-01 |
Preferred Homecare
Phoenix, Arizona, United States Founders Healthcare LLC provides home healthcare products and services in the Southwest. The company offers respiratory, home infusion, and home medical equipment therapies and services through its branch offices and service centers. Founders Healthcare was formed in 1997 and is based in Phoenix, Arizona. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 5.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 40 |
| Sector (Healthcare Services) | 3 of 4 |
| Type (Secondary Buyout) | 1 of 9 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 7 of 38 |
| Year (2004) | 2 of 5 |
| Size (of disclosed) | 3 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-30 |
PGT Innovations
North Venice, Florida, United States PGT Innovations is a manufacturer and supplier of impact-resistant windows and doors through its WinGuard-branded product line. PGT’s impact-resistant products combine aluminum or vinyl heavy-duty frames with laminated glass to provide protection from hurricane-force winds and windborne debris. PGT Innovations was founded in 1980 and is based in North Venice, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-25 |
C.H.I. Overhead Doors
Arthur, Illinois, United States C.H.I. Overhead Doors is a manufacturer and marketer of overhead garage doors in North America. The Company manufactures a complete portfolio of overhead sectional garage door products for both the residential and commercial markets, as well as rolling steel doors for commercial and industrial applications. C.H.I. Overhead Doors was founded in 1981 and is based in Arthur, Illinois. |
Buy | $195M |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1991 |
| Size | Small |
| Type | Sector Agnostic |
LLM Capital Partners LLC is a private equity firm that makes growth capital investments in mid-sized companies. The Firm's investment strategy is to provide $10 to $30 million of non-control growth funding to businesses with enterprise values between $15 and $250 million. Broad sectors of interest include healthcare services, business services and niche manufacturing. LLM Capital was formed in 1991 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 19 |
| Sector (Healthcare Services) | 2 of 3 |
| Type (Secondary Buyout) | 1 of 5 |
| State (Tennessee) | 2 of 2 |
| Country (United States) | 5 of 19 |
| Year (2004) | 1 of 3 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-05-01 |
Newfold Digital
Jacksonville, Florida, United States Newfold Digital is a provider of shared web hosting services to small businesses. Newfield Digital helps customers of all sizes build a digital presence that delivers results. Newfold Digital has extensive product offerings and personalized support with customers to serve their online presence needs. Newfold Digital was founded in 1997 and is based in Jacksonville, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-07-01 |
Box USA Holdings
Northbrook, Illinois, United States Box USA was one of the nation’s largest independent full-service converters of corrugated packaging materials. The Company operated 23 converting facilities in 15 states and sold over 10 billion square feet of finished corrugated containers, partitions and sheets annually. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 1.0B USD |
| Size | Middle-Market |
| Type | Sector Focused |
Pharos Capital Group is a private equity firm that provides later-stage equity funding to companies at or near cash-flow break even. Investment funds are typically used to support growth, acquisitions, management buyouts, or recapitalization. Pharos looks to commit $20 to $50 million per transaction. Target sectors include healthcare, business services, and technology. Pharos prefers US-based opportunities. Pharos Capital Group was formed in 1998 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 23 |
| Sector (Healthcare Services) | 2 of 8 |
| Type (Secondary Buyout) | 1 of 6 |
| State (Tennessee) | 2 of 7 |
| Country (United States) | 3 of 22 |
| Year (2004) | 1 of 2 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-08-01 |
Psychiatric Solutions
Franklin, Tennessee, United States Psychiatric Solutions Inc., is a provider of behavioral health care services. PSI operates 34 freestanding psychiatric inpatient facilities with more than 4,000 beds. The company also manages freestanding psychiatric inpatient facilities and psychiatric inpatient units within general acute care hospitals owned by others. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-06-29 |
Egenera
Marlborough, Massachusetts, United States Egenera, Inc. provides virtualization technology that optimizes the use of network, compute and storage resources to enable the next-generation utility datacenter Egenera was established in 2000 and is based in Marlborough, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 5.8B USD |
| Size | Mega |
| Type | Sector Agnostic |
JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 22 |
| Sector (Healthcare Services) | 2 of 4 |
| Type (Secondary Buyout) | 1 of 5 |
| State (Tennessee) | 2 of 3 |
| Country (United States) | 5 of 21 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-01-30 |
PGT Innovations
North Venice, Florida, United States PGT Innovations is a manufacturer and supplier of impact-resistant windows and doors through its WinGuard-branded product line. PGT’s impact-resistant products combine aluminum or vinyl heavy-duty frames with laminated glass to provide protection from hurricane-force winds and windborne debris. PGT Innovations was founded in 1980 and is based in North Venice, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-10-25 |
C.H.I. Overhead Doors
Arthur, Illinois, United States C.H.I. Overhead Doors is a manufacturer and marketer of overhead garage doors in North America. The Company manufactures a complete portfolio of overhead sectional garage door products for both the residential and commercial markets, as well as rolling steel doors for commercial and industrial applications. C.H.I. Overhead Doors was founded in 1981 and is based in Arthur, Illinois. |
Buy | $195M |
