Advent International’s Acquisition of AccentCare

Barclays, Deutsche Bank and RBC served as financial advisors and Ropes & Gray served as legal counsel to Advent International on the transaction. Harris Williams & Co. and J.P. Morgan served as financial advisors and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to AccentCare on the transaction. Benesh advised AccentCare on the deal.

Advent International, one of the largest and most experienced global private equity investors, has signed a definitive agreement to acquire AccentCare, Inc., a nationwide leader in post-acute healthcare, from private equity firm Oak Hill Capital Partners. Financial terms of the transaction were not disclosed.

AccentCare is the sixth-largest home health platform and the third-largest personal care platform in the United States, offering a range of services from personal, non-medical care to skilled nursing, rehabilitation, hospice care and care management, across 16 states. The company serves health systems, physician practices and managed care organizations, and includes strategic joint ventures and partnerships.

Ropes & Gray advised Advent International with a team including private equity partners Matthew Richards (Picture) and Christian Westra, heath care partner Timothy McCrystal, finance partner Jay Kim, benefits partner Jennifer Rikoski and tax partner Adam Greenwood.

Benesch team was led by Alan Schabes, Kelly Skeat and Laura Pone.

Involved fees earner: Alan Schabes – Benesch Friedlander Coplan & Aronoff; Kelly Skeat – Benesch Friedlander Coplan & Aronoff; Adam Greenwood – Ropes & Gray; Jay Kim – Ropes & Gray; Timothy McCrystal – Ropes & Gray; Matthew Richards – Ropes & Gray; Jennifer Rikoski – Ropes & Gray; Christian Westra – Ropes & Gray;

Law Firms: Benesch Friedlander Coplan & Aronoff; Ropes & Gray;

Clients: AccentCare; Advent International;

Author: Ambrogio Visconti