SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Healthcare
HIG Completes Acquisition of Family Behavioral Resources

FBR marks CIS’s third acquisition after Access Family Services in January and South Bay Mental Health Center in April 2012

HIG Capital LLC wrapped up the acquisition of Family Behavioral Resources (FBR), a national network of mental health and substance abuse treatment programs.

HIG acquired the Greensburg, Pa.-based target through portfolio company Community Intervention Services Inc. (CIS) Terms of the deal were not disclosed, but HIG generally spends between $5 million and $30 million when making investments.

FBR marks CIS’s third acquisition and will allow the company with a strong regional presence in the Mid-Atlantic and a beachhead into the Midwest. The transaction was announced about a month after CIS' purchasing of Access Family Services and less than a year after it completed thep acquisition of South Bay Mental Health Center Inc.

The company's acquiring of Access Family and FBR were each backed by an investment from MCG Capital Corp. (Nasdaq: MCGC) totaling $10.1 million

CIS is a portfolio company established by HIG's affiliate, HIG Growth Partners.

 

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