Harris Williams Advises Agape Care Group on its Sale to Ridgemont Equity Partners
19 Ottobre 2021 - 2:57PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Agape Care Group
(Agape Care), a portfolio company of The Vistria Group (Vistria),
on its sale to Ridgemont Equity Partners (Ridgemont). Agape Care is
a leader in hospice and palliative care in the Southeast. The
transaction was led by James Clark, Taylor Will and Jonathan
Ferrell of the Harris Williams Healthcare & Life Sciences
(HCLS) Group.
“The quality of hospice and palliative care services Agape Care
provides, its extensive coverage and density in South Carolina and
Georgia, and its investments in best-in-class centralized systems
that drive quality and compliance have enabled it to become a
provider of choice in its markets. Investors continue to be highly
interested in the sector given favorable macro industry trends that
include an aging population, increased hospice utilization,
patients’ preference to age in place and the cost advantage of care
in the home relative to alternative settings,” said James Clark, a
managing director at Harris Williams. “It was a pleasure working
with the teams at Agape Care and Vistria on this transaction and we
look forward to watching the company continue to thrive in
partnership with Ridgemont.”
As a leader in hospice and palliative care, Agape Care proudly
serves over 2,100 patients across South Carolina and Georgia. The
company has around 1,000 employees who are committed to serving
with love those touched by an advanced illness, providing comfort
and support through compassionate care and meaningful experiences.
Agape Care offers hospice and palliative services across multiple
settings and is renowned for its superior patient-family experience
and expertly trained professionals.
Vistria is a Chicago-based private investment firm focused on
investing in middle market companies in the healthcare, education
and financial services sectors. Vistria's team is comprised of
highly experienced operating partners and private equity executives
with proven track records of working with management teams in
building innovative, market-leading companies.
Ridgemont is a Charlotte, North Carolina-based middle market
buyout and growth equity investor. Since 1993, the principals of
Ridgemont have invested over $5.5 billion. The firm focuses on
equity investments up to $250 million and utilizes a proven,
industry-focused investment approach and repeatable value creation
strategies. Ridgemont’s most recent flagship fund, REP III, was
formed in 2018 and has $1.65 billion of committed capital.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has experience across a broad
range of sectors, including healthcare providers; payors and payor
services; outsourced pharmaceutical services; medical device supply
chain; healthcare IT; and pharmacy. For more information on the
HCLS Group and other recent transactions, visit the HCLS Group’s
section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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Julia Moore media@harriswilliams.com
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