BGL Announces the Recapitalization of NEDA
October 09 2017
Chicago, IL – October 9, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the recapitalization of Northeast Dermatology Associates (NEDA), a dermatology focused physician practice management company, by Ontario Teachers’ Pension Plan and Century Equity Partners. BGL’s Healthcare & Life Sciences team served as the exclusive financial advisor to NEDA in the transaction. The specific terms of the transaction were not disclosed.
NEDA represents the fourth dermatology practice transaction for BGL’s Healthcare & Life Sciences investment banking practice since 2014.
Headquartered in Lawrence, MA, NEDA is one of the largest physician-owned dermatology practices in the United States and the market leader in the New England region with 15 clinical locations and more than 35 providers across Maine, Massachusetts, and New Hampshire. NEDA offers an integrated suite of services, including medical and surgical dermatology, cosmetic surgery, and a diverse set of aesthetic services and products.
Ontario Teachers’ Pension Plan (OTPP) is Canada's largest single-profession pension plan with $175.6 billion in net assets. Since its founding in 1990, OTPP has built an international reputation for innovation and leadership in investment management and member services. Century Equity Partners (CEP) provides private equity capital to companies with enterprise value less than $300 million that are seeking capital to support growth or fund partial buyout or recapitalization opportunities in the lower middle-market. With the support of OTPP and CEP, NEDA will continue to pursue a regional expansion strategy through the opening of de novo locations and strategic acquisitions.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.