Firm: Beecken Petty O’Keefe & Co.
Fund: Beecken Petty O’Keefe & Co. Fund III LP
Target: $650 million
Placement Agent: Credit Suisse
Health care-focused firm
The size of the fund,
Our source said the firm wouldn’t stray from its strategy of mid-market buyouts in the health care industry, though the firm will be equipped to cut slightly larger equity checks. The firm’s sweet spot will be investing $50 million to $75 million in companies generating $10 million to $30 million of EBITDA. Beecken Petty O’Keefe will also occasionally invest in growth-stage companies with enterprise values between $5 million and $50 million in the health care services, medical products and information technology industries.
Investors in the fund include
Beecken Petty O’Keefe’s investment mandate covers a wide swath of the health care industry. Areas of interest include specialty distribution, with a focus on pharmaceutical-related companies and businesses such as surgery centers and psychiatry services clinics that provide medical care outside of hospitals. The firm also focuses on health care outsourcing companies that provide contract management, staffing, billing and other services. In addition, the firm targets hospices, institutional pharmacies and managers of pharmacy benefits programs, as well as companies that manufacture medical and dental instruments.
Beecken Petty O’Keefe has completed three deals so far this year, the most recent being Sterling Healthcare, a hospital services outsourcer it bought last month from