DW Healthcare Partners, a healthcare-focused private equity firm with offices in Toronto and Park City, Utah, has sold St. Andrews Acquisitions Inc. to New York private equity firm Bregal Partners. No financial terms were disclosed. Cain Brothers advised St. Andrews in the transaction. Based in Tacoma, Washington, St. Andrews is a provider of residential and behavioral services to adults and children with intellectual and developmental disabilities. Update: DWHP purchased a majority interest in the company in 2007.
TORONTO, Sept. 11, 2013 /PRNewswire/ — DW Healthcare Partners (DWHP), a healthcare-focused private equity firm with offices in Toronto, Ontario and Park City, Utah, announced the sale of its portfolio company, St. Andrews Acquisitions, Inc. (St. Andrews). St. Andrews has been sold to Bregal Partners, a private investment firm that operates as the investment arm for Cofra Holding AG, a European family holding company. Cain Brothers was retained by St. Andrews to lead the sale process.
St. Andrews provides community-based residential and behavioral services and support to adults and children with intellectual and developmental disabilities. DWHP purchased a majority interest in St. Andrews six years ago. Through a well-defined strategic growth and acquisition plan, and in partnership with St. Andrews’s management team, DWHP has built a multi-state platform offering best-in-class services to become a leading provider in the intellectual and developmental disabilities services industry. St. Andrews and its operating companies operate through various locations across the west and mid-west United States.
About DW Healthcare Partners
DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $500 million in committed capital and invests in profitable healthcare companies with proven management teams. DW Healthcare Partners is led by seasoned healthcare executives with more than 110 years of combined industry experience in operating and building valuable companies. The firm, through a collaborative partnership structure, provides the capital, strategic guidance, and acquisition expertise to help mid-to-late-stage businesses realize their potential for growth and value creation. For more information, please visit: www.dwhp.com.
DWHP is currently seeking investment opportunities in healthcare companies generating over $4 million in EBITDA for its third fund, which represents $265 million of committed capital.
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