Middle-market private equity fund Quad-C Management has invested in health care-focused financial advisory firm VMG Health. The target’s management is going to keep a stake in the business.
VMG, based in Dallas and founded in 1986, provides valuation services for hospitals, urgent care centers and assisted living facilities. “We spent over a year vetting potential partners and felt that Quad-C’s strong healthcare background and experience with owner-operators was the best fit for us,” says VMG Health CEO Greg Koonsman.
Quad-C makes equity investments that are between $35 million to $125 million in deals that have enterprise values of up to $400 million. The PE firm is currently investing out of its third fund that is valued at around $700 million and closed in 2012.
In other recent financial services deals, Regions Financial Corp. (NYSE: RF) is acquiring mid-market investment bank BlackArch Partners and Houlihan Lokey Inc. (NYSE: HLI) is adding London-based consumer-focused advisory firm McQueen Ltd.