Investment Summary

Exits Press Ganey Holdings

On May 21, 2015, invested in information technology company Press Ganey Holdings from Vestar Capital Partners, Crescent Capital Group and Intermediate Capital Group

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in Massachusetts.
Investment Fate
  • Press Ganey Holdings was sold to a financial buyer in 2016 for 2.4B USD.
  • Press Ganey Holdings was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2015-05-21
Target Press Ganey Holdings
Sector Information Technology
Sellers(s) Vestar Capital Partners
Crescent Capital Group
Intermediate Capital Group
Deal Type IPO

Target

Press Ganey Holdings

Wakefield, Massachusetts, United States
website
Press Ganey Holdings, Inc. is a provider of healthcare performance solutions for hospitals, healthcare and home care providers. Press Ganey offers an integrated suite of solutions that enable enterprise transformation across the patient journey. Press Ganey Holdings, Inc. was founded in 1985 and is based in Wakefield, Massachusetts.

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Seller(S) 3

SELLER

Vestar Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 53 of 62
Sector (Information Technology) 2 of 2
Type (IPO) 14 of 14
State (Massachusetts) 1 of 1
Country (United States) 41 of 50
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Woodstream

Lancaster, Pennsylvania, United States

Woodstream is a manufacturer and marketer of a broad portfolio of branded pest control and lawn & garden products, under brands such as Victor, Terro, Perky-Pet, Havahart, Safer, Sweeney’s and Mosquito Magnet, among others. Woodstream was founded in 1832 and is based in Lancaster, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 DeVilbiss Healthcare

Somerset, Pennsylvania, United States

DeVilbiss Healthcare LLC is a healthcare equipment manufacturer of respiratory and sleep products that address the needs of patients in institutional and homecare settings. DeVilbiss Healthcare develops highly reliable quality products and services in the oxygen and aerosol therapy markets, as well as designing and manufacturing innovative products for the sleep therapy market.

Sell -
SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 30 of 46
Sector (Information Technology) 3 of 4
Type (IPO) 7 of 8
State (Massachusetts) 2 of 3
Country (United States) 25 of 39
Year (2015) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 Scitor

Reston, Virginia, United States

Scitor Corp. is a provider of engineering, financial, management, and related services to the corporate customers. The company offers services for acquisition and life cycle management support, business process improvement, configuration management, facilitation services, feasibility assessments, and integrated logistics support. Scitor was formed in 1979 and is based in Reston, Virginia.

Sell $790M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Protection One

Romeoville, Illinois, United States

Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

Sell -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 158 of 212
Sector (Information Technology) 4 of 5
Type (IPO) 23 of 23
State (Massachusetts) 1 of 2
Country (United States) 8 of 14
Year (2015) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-08 TIME Education

Seoul, South Korea

TIME Education Co. is a private kindergarten to high school tutoring company in Korea. TIME Education Co. was founded in 2011 and is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Labco

Paris, France

Labco is a provider of medical diagnostic services. Labco also operates a large portfolio of hospital outsourcing contracts in Europe, providing services to both ambulatory care and hospitals. Labco was founded in 2003 and is based in Paris, 75010, France.

Sell €1.2B