DW Healthcare Partners has closed the firm’s fourth fund with $295 million of total capital commitments. This brings the firm’s total capital under management to $800 million.
DW Healthcare Partners invests from $15 million to $60 million in North America-based healthcare companies that have at least $5 million of EBITDA. The firm was founded in 2003 and has a team of more than 25 professionals located in Toronto and Park City, UT (www.dwhp.com).
The firm has invested in over 26 platform companies and 38 add-ons since 2003. Many of these investments have been sourced through its internal sourcing process, which involves a team of six professionals continuously working to refine and build out its proprietary database of over 30,000 healthcare companies. “We are very appreciative of the support we received from both previous and new investors in this fund and we believe this strongly validates our differentiated investment and sourcing model,” said DW Healthcare Partners’ Co-Founder and Managing Partner, Andrew Carragher.
Fund IV currently has two platform investments. In December 2016, the firm partnered with Linden Capital Partners to acquire Edge Systems, a manufacturer and marketer of non-invasive equipment and consumables used in aesthetic skin health treatments. Edge Systems is headquartered near Long Beach in Signal Hill, CA (www.edgeforlife.com). Edge Systems was a portfolio company of Main Post Partners and Weston Presidio.
In November 2016 the firm invested in Prime Education, an accredited provider of inter-professional continuing medical education to clinicians, patients and consumers in the federal, military, Veterans Administration, payer, provider, and academic sectors. The company is based near Ft. Lauderdale in Tamarac, FL (www.primece.com).
Credit Suisse was the placement agent for this fundraise. Click HERE for the Credit Suisse placement agency webpage.
© 2017 Private Equity Professional | April 3, 2017