Private equity investments in the Mental Health space have increased significantly in the wake of COVID.

The chart below, from our Private Equity Database, shows varied PE appetite for mental health companies over time, but spiking in recent years.

Most Active

Five PE Firms with at least two current platform Mental Health investments:

1. Pharos Capital Group (Dallas, TX, US)
2. Shore Capital Partners (Chicago, IL, US)
3. WindRose Health Investors (New York, NY, US)
4. KKR & Co. (New York, NY, US)
5. Polaris Partners (Boston, MA, US)

Sample Private Equity Investments in Mental Health Space

May 2022 – DFJ Growth invested in Osmind (San Francisco, CA, US), a public benefit corporation helping clinicians and researchers advance new life-saving mental health treatments.

May 2022 – Princeton Equity Group invested in Ellie Mental Health (Mendota Heights, MN, US), an operator and franchisor of outpatient mental health clinics.

March 2022 – KKR & Co. invested in Brightline (Palo Alto, CA, US), a national provider of virtual pediatric mental health services.

January 2022 – New Heritage Capital invested in AMFM Healthcare (San Juan Capistrano, CA, US), a mental health services company providing specialized treatment for mood & thought disorders.

December 2021 – Spectrum Equity invested in PresenceLearning (New York, NY, US), a provider of teletherapy and software for special education and mental health providers in K-12 schools.

Private Equity Transactions

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The Consumer Price Index (CPI) for May 2022 showed 8.6% inflation over May 2021. But when we go shopping, buy groceries, and fill up the gas tank, it feels like more than the reported value… because it is.

I recently posted an analysis on the underlying CPI data on my personal blog. Someone suggested the PrivateEquityInfo.com audience would also appreciate the content and insights. Consequently, here’s a link to my CPI analysis from my personal blog…

WHY INFLATION FEELS LIKE IT’S MORE THAN REPORTED

Private equity firms have shown an increased interest in battery companies over the past decade, with the exception of 2020, an anomaly year for all investments. Consistent with this trend, 2022 is on pace for a record year for PE firms investing in battery companies.

Our M&A Research Database shows 321 historical platform investments in battery companies, including:

• 122 platform acquisitions since 2012 (see graph below)
• 24 platform acquisitions in 2021 alone.

The chart below, from our Private Equity Database, shows varied PE appetite for third-party logistics companies over time.

Our previous post, Private Equity Growth Investments – by Industry, showed PE firms have distinct industry preferences for growth investments. Below are the Top 20 private equity firms for minority investments in 2021 (by # of growth investments made).

Private equity firms are more willing to make minority growth investment compared to prior years. However, based on data from our M&A Research Database, PE firms show distinct industry preferences for these growth investments.

The graph below shows the industry preferences for PE minority growth investments in 2021 only.

Expanding on our last post, Private Equity Investments in HVAC Companies, here we show the most active PE investors in HVAC companies, sample platform investments, and recent add-on HVAC investments.

Private equity acquisitions of Heating, Ventilation & Air Conditioning (HVAC) companies have accelerated in recent years as PE firms employ an industry roll-up and consolidation strategy in this traditionally fragmented space.

Our M&A Research Database shows 673 historical PE investments in HVAC companies, including:

• 379 platform acquisitions since 2010 (see graph below)
• 55 platform acquisitions in 2021 alone.

There are currently 233 active PE portfolio companies in the HVAC space (and 440 exits).

The single best metric of a private equity firm’s appetite for a particular industry is the constitution of their portfolio – investments they have already made. For this, we produce a monthly PE Industry Trends report, based on completed private equity deals.

We also summarized the Top 10 Industries for PE Platform Investments in 2021, based on deals closed.

While Manufacturing & Distribution was the most sought after industry among PE firms (by stated industry of interest) in 2021, Software deals actually topped the list of completed deals.

We reviewed our private equity database for 2021 platform acquisitions to determine the most active investment banking firms closing deals with private equity acquirers. Here are the top 10 I-banks, ranked by number of deals closed as PE platform acquisitions.