New Brentwood behavioral venture completes first two acquisitions

Brentwood-based Odyssey Behavioral Healthcare has completed its first two acquisitions, both in Florida.

Odyssey is a partnership between Rhode Island-private equity firm Nautic Partners and Scott Kardenetz, a behavioral health care veteran who previously helped lead Haven Behavioral Healthcare, Psychiatric Solutions and Ardent Health Services, among other.

The two acquired facilities, Pasadena Villa Psychiatric Residential Treatment Centers and Lifeskills South Florida, both provide adult residential and outpatient treatment services. Terms of the deals were not disclosed. Franklin-based Brentwood Capital Advisors represented Pasadena in its transaction.

“I’m thrilled to launch Odyssey Behavioral Healthcare with backing from Nautic Partners,” Kardenetz said in a release. “With their impressive facilitates, top clinical staff and exceptional reputations within the industry, I believe that Pasadena Villa and Lifeskills of South Florida give Odyssey an impressive platform from which to launch our company.”

Odyssey and Nautic plan to invest up to $50 million to support the company’s growth strategy through de novo development and acquisition, according to a release.

“We believe the delivery system for behavioral health care is inadequate and in need of investment and leadership,” Scott Hilinski, Nautic Partners managing director, said a statement. “With the addition of Pasadena Villa and Lifeskills, two prominent treatment centers, Odyssey has established an outstanding foundation from which to expand high quality access to those in need of psychiatric and addiction treatment care.”

A number of local behavioral health care companies have been at the forefront of consolidating the sector in recent years. In addition to Acadia Healthcare — which now has a market capitalization of more than $5.6 billion — other players include addiction treatment specialists AAC Holdings, which went public last year, and JourneyPure, which is being backed by an investor group led by Clayton Associates’ Rolling Hills Ventures group.

 


Pasadena Villa Completes Sale to Odyssey Behavioral Healthcare

Brentwood Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Pasadena Villa Psychiatric Residential Treatment Centers (“Pasadena” or the “Company”) in its sale to Odyssey Behavioral Healthcare (“Odyssey”), a platform company formed by Nautic Partners (“Nautic”) and Scott Kardenetz.

Founded in 2001 and headquartered in Orlando, FL, Pasadena Villa is a leading provider of psychiatric treatment services to patients suffering from thought and mood disorders. The Company treats patients in two intensive residential treatment facilities, Pasadena Villa (Orlando, FL) and Smokey Mountain Lodge (Sevierville, TN). Pasadena provides a full continuum of care including intensive residential treatment, supportive residential treatment, day treatment and case management.

“We founded and built Pasadena Villa to focus on mental health and primary psychiatric disorders,” said David Nissen, Managing Director and Co-Founder of Pasadena. “Our mission has been to provide the highest quality individualized psychiatric and psychotherapeutic care for adults who suffer with severe and persistent mental illness, while maximizing social functioning in the real world. Brentwood Capital Advisors, our investment banker in this transaction, played a critically important role in structuring a transaction that met the goals of all shareholders, which included maximizing value and finding a partner who shares our vision for excellence in psychiatric care. BCA identified the best buyer and helped us prepare for and navigate through a rigorous diligence process and complex transaction and purchase contract negotiations.”

“We were delighted to represent Pasadena Villa in this sale to Odyssey,” stated L.A. Galyon of Brentwood Capital Advisors LLC. “Pasadena has a tremendous reputation in the industry and will only continue to flourish under Odyssey’s leadership. This was an important transaction in building upon BCA’s leadership position in behavioral health investment banking, which now includes eight transactions in this space.”

“With its impressive facilities, top clinical staff, and exceptional reputation within the industry, Pasadena Villa is a foundational element in our platform that will enable Odyssey to build a leading company in psychiatric care and addiction treatment,” noted Scott Kardenetz, CEO of Odyssey Behavioral Healthcare based in Brentwood, TN. “We share management’s enthusiasm for Pasadena Villa and look forward to the continued growth of the Company,“ said Chris Corey, Managing Director of Nautic.

About Pasadena Villa
Founded in 2001 by Michael Williams, George Kachmarik and David Nissen and headquartered in Orlando, FL, Pasadena Villa provides adult residential therapy, with an emphasis on social integration, for individuals suffering with severe and persistent mental illness. The Company has inpatient residential treatment facilities located in Orlando, FL and Sevierville, TN and provides a full continuum of care including residential, transitional and support services. http://pasadenavilla.com/

About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors (“BCA”) is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 70 successfully closed transactions totaling approximately $4.4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has sixteen investment banking professionals. For more information, please go to www.brentwoodcapital.com.


Newly formed hospital staffing company acquires two peers

American Physician Partners has acquired Align MD and Elite Emergency Services, forming a new health care management and staffing venture.

The Brentwood-based company serves 23 hospitals in six states, providing clinical, administrative and operational support to emergency department and hospitalist programs. Founder and CEO John Rutledge previously was a co-founder and president of RegionalCare Hospital Partners. Also leading the company are fellow RegionalCare veteran Tom Pemberton, who is COO, and Emdeon alum Bob Newport, who is CFO.

“We understand the challenges hospital CEOs are facing,” said Rutledge, who is pictured here. “Combine that business experience with the medical expertise of our new partners from Align MD and Elite Emergency Services, and you have a joining together of clinical and management perspectives that we believe is truly unique for this sector of the health care industry.”

Terms of the acquisitions of Clarksville-based Align and Lexington, Tennessee-based Elite Emergency Services were not disclosed, though American Physician Partners recently raised $25 million in acquisition and growth financing from Goldman Sachs Specialty Lending Group. Brentwood Capital Advisers acted as financial advisor.


American Physician Partners Completes Acquisition Financing

Brentwood Capital Advisors is pleased to announce that it served as the exclusive financial advisor to American Physician Partners, LLC (“APP” or the “Company”) in its raise of $24 million in acquisition and growth financing from Goldman Sachs Specialty Lending Group.

Headquartered in Brentwood, Tennessee, American Physician Partners is a leading provider of comprehensive management and staffing services for emergency department and hospitalist programs throughout the Southeast. The Company was formed through the acquisitions of two highly successful companies, Align MD and Elite Emergency Services, in conjunction with an executive team that possesses extensive hospital management experience. American Physician Partners currently serves 23 hospitals in six states, providing clinical staffing, administrative services and operational tools as well as ongoing training and leadership development – all designed to transform the patient-care experience and foster a culture of excellence.

“Our commitment to providing high-quality hospitalist and emergency medicine physicians allows American Physician Partners to successfully address the management of this important area for hospitals,” said John Rutledge, CEO and Founder of American Physician Partners. “Brentwood Capital Advisors, our investment banker in this transaction, played a critically important role in the formation of the Company by successfully obtaining acquisition financing along with the growth capital needed to execute our business plan while maximizing our physician partners and management’s ownership.”

“We were pleased to help John and his team at APP close on this transaction with Align and Elite,” stated L.A. Galyon of Brentwood Capital Advisors LLC. “Given the focus on quality service and management’s deep relationships in the hospital industry, APP has an extremely bright future.”

About American Physician Partners, LLC
A leading provider of comprehensive management and staffing services for emergency department and hospitalist programs throughout the southeast. www.americanphysician.partners.

About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors (“BCA”) is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 68 successfully closed transactions totaling approximately $4.3 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has fifteen investment banking professionals. For more information, please go to www.brentwoodcapital.com.

About Goldman Sachs Specialty Lending Group
Goldman Sachs Specialty Lending Group (“GSSLG”), founded in 2004, operates as the middle market financing and investing platform within The Goldman Sachs Group, Inc. GSSLG focuses on delivering flexible, reliable capital to the middle-market while leveraging the firm-wide resources of Goldman Sachs. GSSLG lends and invests Goldman Sachs’ capital through stand-alone first-lien, second-lien, uni-tranche and junior capital investments directly to mid-sized companies across the United States and Canada. http://www.goldmansachs.com/what-we-do/investing-and-lending/specialty-lending/


Rycan Completes Sale to Healthland

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Rycan Technologies, Inc.

Brentwood Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Rycan Technologies, Inc. (“Rycan” or the “Company”) in its sale to Healthland, Inc. (“Healthland”), a portfolio company of Francisco Partners.

Headquartered in Marshall, Minnesota, Rycan is a leading provider of web-based revenue cycle management (“RCM”) software that enables hospitals to increase revenue, accelerate reimbursement and improve employee efficiency. Its easy-to-use software allows RCM professionals to streamline the billing and remittance processes with one comprehensive and fully-integrated system, maximizing reimbursement and payer contract compliance. Healthland is a leading provider of comprehensive healthcare information systems to rural community and critical access hospitals. With the acquisition of Rycan, Healthland builds a foundation to offer a full suite of RCM software and service solutions to help its customers meet their growing RCM needs.

“The cultural fit was very obvious for both companies, but most importantly, our loyal customers will benefit from Healthland’s commitment and ability to invest in the Rycan solution. Our current customers will be very well-served, plus the company will thrive with geographic expansion and increased product development,” said Ryan Ellefson, CEO and Founder of Rycan. “Brentwood Capital Advisors, our investment banker in this transaction, did extraordinary work for the Rycan shareholders. I picked a great company to advise me in this process and could not be happier with the outcome.”
,br> “Rycan’s integrated SaaS platform is a market-leading solution supporting claims workflow, electronic remittance advice and denial and audit management. The integration with Healthland will significantly enhance Healthland’s revenue cycle product suite and enable them to better serve their broad client base of both acute care and long-term care facilities,” added Porter Meadors, Vice President of Brentwood Capital Advisors. “We enjoyed serving as the exclusive financial advisor to Rycan and working with Ryan Ellefson and his team.”

About Rycan Technologies
A leader in healthcare revenue cycle software for nearly 30 years, Rycan has built its reputation by providing best-of-breed solutions accompanied by an unparalleled level of customer support. Rycan solves business office problems through comprehensive solutions to maximize reimbursement while increasing productivity. For more information, please go to www.rycan.com.

About Brentwood Capital Advisors
Based in Franklin, Tennessee, Brentwood Capital Advisors is one of the South’s leading boutique investment banks that provides mergers and acquisitions and capital raising advice to privately-held, middle market healthcare, technology and tech-enabled and outsourced services companies. BCA has served as exclusive financial advisor in over 67 successfully closed transactions totaling over $4.2 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has fifteen investment banking professionals. For more information, please go to www.brentwoodcapital.com.


The 2015 All-Star Board

One of the strengths of Nashville’s business leaders is their propensity to help others succeed. No matter where you turn, someone is reaching out to help someone else make a connection, improve a product or land a big client. This year’s All-Star Board — check out the 2014 and 2013versions, too — represents only a tiny sliver of the universe of supremely competent advisors in this city. But we think it paints a good picture of the wide range of skills available to entrepreneurs and leaders looking to get better. As in the past, we didn’t just come up with these suggestions ourselves but also sought out recommendations from leaders whose judgment we trust. They didn’t fail us and — if they’re available to you — neither will the members of the 2015 All-Star Board.

 

Scott Kozicki — Brentwood Capital Advisors

With 20 years of technology and health care experience, Kozicki has a keen eye for changes and disruptions in both industries and is particularly attuned to the evolving space where they intertwine.

Beginning his career in the early dot-com days, Kozicki was co-founder and chief technology officer for BlueStar Communications, the South’s first DSL-based broadband services provider. Built out of Kozicki’s apartment, BlueStar was in 45 markets across the Southeast by 2000, when it was acquired by Covad. Kozicki joined Healthways in 2003 as chief technology officer, establishing the company’s health monitoring infrastructure, then one of the largest in the industry. He spun off his own care management company in 2007, TruuHealth, which catered to self-insured employers wanting to lower their health care costs.

Since then, Kozicki has been involved with business accelerator Jumpstart Foundry and was a co-founder of Jumpstart alum Evermind Inc. In 2011, he joined Verizon Wireless, managing product development and operations. Last year, he entered investment banking as a Brentwood Capital Advisors managing partner.

 


Obamacare helps private equity get its rehab clinic fix

Investors are pouring money into the operators of U.S. rehab centers as many more Americans get health care coverage for addiction treatment, driving up valuations and triggering a consolidation of businesses in the fragmented sector.

Under President Barack Obama’s healthcare law, new health plans must cover ten core health benefit areas. This includes substance abuse and mental health disorders, opening up services such as alcohol and drug detox or addiction therapy to many Americans who previously couldn’t afford them.

The healthcare law also allows young adults to stay on their parents’ insurance plans until age 26. This offers coverage to many young people struggling with drug abuse and eating disorders.

And the economic recovery has helped as well, as it means more people can afford to pay the expenses that the plans won’t cover.

There are now a growing number of major investors, led by private equity firms and healthcare companies, seeking to take advantage of a market for addiction services that experts say has grown to $35 billion a year now from $21 billion in 2003.

Prices for rehab businesses are climbing so high that some of those who bought assets in the previous decade are taking their profits and selling to a new wave of investors betting on the sector on expectations of continued strong growth.

“The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great,” said James Clark, a managing director at investment bank Harris Williams & Co.

The latest wave of investors includes Goldman Sachs Group Inc’s private equity arm, which gave tens of millions of dollars to two healthcare industry veterans Mitch Eisenberg and Lewis Gold at a company called Advanced Recovery Systems late last year to acquire and develop rehabilitation clinics. Franklin, Tennessee-based investment banking boutique Brentwood Capital Advisors is similarly backing another management team led by former Universal Health Services executive Scott Kardenetz to build a rehab center business, according to people familiar with the matter.

Goldman said in a statement that it was part of an investor group that “funded more than $50 million towards the recapitalization of an existing asset in central Florida and committed significant additional capital towards the de novo build-out of new facilities as well as the pursuit of add-on acquisitions, on a national basis.”

Advanced Recovery Systems and Brentwood Capital did not respond to requests for comment.

They are competing against several major publicly traded companies in the sector, including Acadia Healthcare Company Inc and Universal Health Services Inc, which have also been acquiring such assets. Acadia agreed in October to buy CRC Health Group for $1.2 billion from private equity firm Bain Capital LLC, which bought the company for $723 million in 2006.

AAC Holdings Inc, the parent of American Addiction Centers – which operates six substance abuse facilities across the U.S. – has seen its shares climb nearly 70 percent since going public in early October.

MENTAL HEALTH LAW

When Obamacare was signed into law in 2010, many investors wondered whether it would end up being quashed in Congress or the courts before it was implemented. But once its healthcare exchanges began providing plans to millions of Americans this year, investors became more convinced that there was a longer-term opportunity.

A 2008 mental health parity law that requires health plans that offer mental health and substance use disorder benefits to provide coverage comparable to other medical and surgical benefits has also helped.

According to a 2013 National Survey on Drug Use and Health, an estimated 22.7 million Americans needed treatment for a problem related to drugs or alcohol but only about 4.1 million people received treatment at a specialty facility.

“The affected patient population today has greater financial resources, which combined with a stronger economic environment, enables patients to pay for treatment,” said Rich Harding, a managing director at investment bank Moelis & Co.

With the prices for rehab businesses climbing as demand outstrips supply for such assets, investors are keen to snap up more clinics so they can lower costs per patient and keep profit margins healthy.

While there are more than 14,500 specialized drug treatment facilities in the United States providing care for substance use disorders, the industry is very fragmented and the largest operators do not own more than several dozen treatment centers, which offers plenty of scope for consolidation.

Facilities are often small, with the average operator holding no more than 150 beds, analysts said. Because of efficiencies of scale, larger facilities and bigger firms are more likely to have higher margins, as are those that focus on patients that can pay through their own means or private insurance rather than relying on government-backed insurance.

Earnings before interest, tax, depreciation and amortization (EBITDA) margins at rehab treatment centers, as a percentage of revenue, can reach as high as 25 percent, according to brokerage William Blair.

Market valuations have been surging. Shares of Acadia and AAC Holdings are trading at 32 times and 56 times their projected 12-month earnings respectively, versus 17 times for a broader group of U.S. healthcare companies, according to Thomson Reuters data.

Among those selling is private equity and venture capital firm Frazier Healthcare. Its high-end rehabilitation facility operator Elements Behavioral Health, for example, is up for sale, sources said. Elements Behavioral Health, which was set up in 2008, did not reply to a request for comment. Frazier Healthcare declined to comment.


Brentwood Capital Partners invests in dental education company

Brentwood Capital Partners has invested an undisclosed amount in Spear Education, an Arizona-based dental education company.

Linden Capital Partners, a Chicago-based private equity firm, led the recent recapitalization of eight-year-old Spear, which specializes in postgraduate classes. Brentwood Capital Advisors served as the financial advisor to Spear. Through a subscription-based platform as well as a Scottsdale campus (pictured here), Spear offers staff training, treatment advice and practice growth tools.

“Spear’s full continuum of dental education tools, growth characteristics, recurring revenue model and market-leading position enabled BCA to position the company as an attractive opportunity for investors,” Nick Carteaux, Brentwood Capital Advisors managing director and partner, said in a release. “We believe this investment will provide the resources necessary to drive significant future growth of dental education and the Spear platform.”

Brentwood Capital Partners is a $15 million fund that also has invested in Hendersonville-based revenue cycle play Xtend Healthcare and diagnostic lab company PathGroup.

 


Spear Education Receives Investment from Linden Capital

Brentwood Capital Advisors Served as Exclusive Financial Advisor to Spear Education, LLC

Brentwood Capital Advisors LLC is pleased to announce that it served as the exclusive financial advisor to Spear Education, LLC (“Spear” or the “Company”) in its recently completed investment led by Linden Capital Partners (“Linden”).

Headquartered in Scottsdale, Arizona, Spear is the North American leader in post-graduate clinical dental education. Spear fills the need for advanced dental education and enables doctors to diagnose and develop a comprehensive treatment plan and to improve case acceptance and clinical skills, resulting in better patient experiences and more professionally rewarding and profitable dental practices. The Company offers advanced educational content through both subscription-based and campus-based offerings.

Linden led the equity investment, which included a co-investment by Brentwood Capital Partners, L.P.

“Spear is committed to lifelong learning and clinical excellence that transforms the practices of dentists and the lives of patients. Linden is an ideal partner, and through our combined expertise the Company is poised for an incredible future. Linden will provide capital and other resources to help fuel the growth of the Company’s premier dental education offerings, and together we look forward to taking this exciting next step in the Company’s development,” said Frank Spear of Spear Education. “Brentwood Capital Advisors, our investment banking advisor in this transaction, conducted a highly-competitive process that resulted in a great outcome for existing shareholders and the right partner for the Company going forward. BCA played a critical role in preparing us to go to market and in the success of the process. We could not be happier with the result and look forward to working with the Brentwood team again.”

“Spear’s full continuum of dental education tools, growth characteristics, recurring revenue model and market-leading position enabled BCA to position the Company as an attractive opportunity for investors. We believe this investment will provide the resources necessary to drive significant future growth of dental education and the Spear platform,” added Nick Carteaux, Managing Director and Partner of Brentwood Capital Advisors. “We were pleased to advise Spear on this important investment and enjoyed working with Frank Spear, Imtiaz Manji, Kaleim Manji, Rezwan Manji and the rest of the management team.”

“The Linden team structured an innovative deal that fit the needs of all Spear shareholders. Their significant experience in the dental space, including a current investment in Young Innovations, among others, made them an ideal partner for Spear and greatly accelerated the diligence process. The Linden team was professional, knowledgeable and followed through on every aspect of their proposal. It was a pleasure working with them on this transaction, and we look forward to working with them in the future,” said Kevin Murphy, Managing Partner of Brentwood Capital Advisors.

About Spear Education, LLC
Formed in 2006 and headquartered in Scottsdale, AZ, Spear Education is dentistry’s premier source for continuing education. The company serves dentists of all clinical skill levels and transforms practices and the lives of patients by offering physical hands-on courses, extensive peer-to-peer regional learning, and comprehensive online educational tools. For more information, go to www.speareducation.com

About Brentwood Capital Advisors LLC
Based in Franklin, Tennessee, Brentwood Capital Advisors is an independent investment banking boutique specializing in providing mergers & acquisitions and capital raising advisory services to middle-market companies in the healthcare, enterprise software, internet, financial services, and business services sectors. BCA has served as exclusive financial advisor in over 60 successfully closed transactions totaling over $4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has fourteen investment banking professionals. For additional information please go to our website at www.brentwoodcapital.com.

Linden Capital Partners Linden Capital Partners is a Chicago-based private equity firm focused exclusively on middle market, healthcare leveraged buyouts. Linden’s strategy is based upon three elements: i) healthcare and life science industry specialization, ii) integrated private equity and operating expertise, and iii) strategic relationships with large corporations. Linden invests in middle market platforms in the medical products, specialty distribution, specialty pharmaceuticals, diagnostics, and services segments of healthcare. For more information, please visit www.lindenllc.com.

About Brentwood Capital Partners, L.P.
Formed in June 2009, Brentwood Capital Partners, L.P., is a $15 million private equity fund that makes later-stage co-investments with leading private equity firms in control and non-control investment banking transactions in which Brentwood Capital Advisors LLC serves as exclusive financial advisor. The fund’s limited partners are comprised of CEOs and business leaders from across the Southeast.


Spring & Sprout Completes Growth Equity Investment

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Spring and Sprout Dental Management LLC

Brentwood Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Spring and Sprout Dental Management LLC (“S&S” or the “Company”), in its recently completed investment led by Huron Capital Partners (“Huron”).

Headquartered in Dundee, Michigan, S&S is a regionally focused pediatric dental support organization that plans to grow by acquiring existing and developing new units throughout the Midwest. S&S is led by Michael Schwartz, Jim Usden and Mick Janness, who all have extensive experience in the pediatric dental market.

“Our strategy is to focus on treating adolescents from ‘Birth to Braces’. We wanted to partner with a private equity fund with significant dental industry experience that shared our vision and goals. We are delighted to partner with Huron on these initial acquisitions and to support our future growth,” said Michael Schwartz, CEO of S&S. “Brentwood Capital Advisors played a critical role in this process. They helped us communicate the Company’s unique position in the under-served pediatric dental market; navigate the buyer universe; and negotiate the best terms for our management team. We are pleased with the result and greatly value our relationship with the Brentwood team.”

“The S&S team has an impressive track record in the dental practice support sector. This investment will allow the Company to purchase the practices that will form the S&S platform and will provide the additional funding required to execute on its acquisition and de novo growth strategy,” added L.A. Galyon IV, Director of Brentwood Capital Advisors. “We were pleased to serve as the Company’s advisor and have great confidence in management’s ability to execute on its plan.”

About Spring and Sprout Dental Management LLC
Spring and Sprout Dental Management is a full-service dental practice support organization focused on providing services exclusively to the pediatric and orthodontic segments of the dental care industry in the Great Lakes region of the U.S. The Company will provide clinic-level operational support as well as centralized back-office services to a network of pediatric dental practices, allowing clinicians to focus on delivering high quality patient care. For more information, visit www.springandsprout.com.

About Brentwood Capital Advisors LLC
Based in Franklin, Tennessee, Brentwood Capital Advisors is an independent banking boutique specializing in providing mergers & acquisitions and capital raising advisory services to middle-market companies in the healthcare, enterprise software, internet, financial services, and business services sectors. BCA has served as exclusive financial advisor in over 60 successfully closed transactions totaling over $4 billion in value in these sectors. Founded in 1999, the firm is partner-owned and has twelve investment banking professionals. For additional information please go to our website at www.brentwoodcapital.com.

About Huron Capital Partners
Huron Capital is an operationally-focused private equity firm investing in lower middle-market companies. For more than two decades, the firm’s partners have worked closely with strong operating executives in helping niche companies reach their full potential. Founded in 1999, Huron has raised over $1.1 billion in committed equity capital dedicated to this market. Primary types of transactions include management buyouts, corporate carve-outs, recapitalizations, family successions and industry market-entry strategies with transaction values up to $200 million. For more information, please visit www.huroncapital.com