Buyside Parameters and Investment Thesis:
Our client and their portfolio company management team were looking to expand the client base to include more healthcare facilities across North America while also increasing capabilities and modules within the software platform.
Opportunities Delivered by Ether:
Ether identified and screened several hundred target companies, including several direct competitors. We were able to engage a key competitor in discussion—uncovering that the founder had actually grown the business with an eventual sale to a competitor in mind all along. He was not looking to hire an investment bank to run a process—an example of a true, high-value, proprietary deal we were able to develop for a client. Our client was immediately interested in speaking with the company. We made the introduction, and a deal was closed within eight months of bringing the parties together.
Ether identified and screened several hundred target companies, including several direct competitors.
Our client was immediately interested in speaking with the company. We made the introduction, and a deal was closed within eight months of bringing the parties together.
Outcomes:
The acquisition doubled the size of company revenue and hospital clients served, significantly increasing overall EBITDA. Within one year of the transaction, our client was approached by a strategic acquirer that made an outstanding, aggressive offer for the combined company. The company was sold in what was one of the top five most successful exits in the firm’s history.
…the combined entity was sold at a very competitive valuation to a strategic acquirer. It stands as one of the top three most successful exits in our clients’ history.
