Harris Williams Advises Forefront Dermatology on its Pending Sale to Partners Group
February 11 2022 - 11:12AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it is exclusively advising
Forefront Dermatology (Forefront), a portfolio company of OMERS
Private Equity, on its pending sale to Partners Group, a leading
global private markets firm acting on behalf of its clients.
Forefront is the largest dermatology group practice in the U.S. The
transaction is being led by Geoff Smith, Tyler Bradshaw, Charles
Busch, and Larsen Jones of the Harris Williams Healthcare &
Life Sciences (HCLS) Group and Corey Benjamin and Ted Casey of the
firm’s Consumer Group.
“Forefront is the market leader in the dermatology sector and
has been purposefully built to provide world-class dermatological
care to patients while fostering a collaborative environment for
dermatologists throughout their career,” said Geoff Smith, a
managing director at Harris Williams. “Forefront has developed a
winning model and invested heavily in clinical quality, leadership,
and centralized support services to drive future growth. We are
excited to watch Forefront’s continued success in partnership with
Partners Group.”
“Similar to other consumer healthcare verticals, the dermatology
sector is evolving in response to shifting patient and consumer
preferences, with providers exploring new ways to more effectively
engage with patients,” added Corey Benjamin, a managing director at
Harris Williams. “Bringing together the combined expertise and
perspective of the firm’s HCLS Group and Consumer Group enabled us
to effectively tell the Forefront story and drive an optimal
outcome for OMERS Private Equity and Forefront.”
“We are grateful for and appreciative of the deep level of
support provided by the Harris Williams team during this important
process,” said Scott Bremen, CEO of Forefront.
Headquartered in Manitowoc, Wisconsin, Forefront is the largest
dermatology group practice in the U.S., with more than 200
locations across 22 states and Washington D.C. Forefront’s
community-based, board-certified dermatologists and specialists
provide best-in-class general, surgical, and cosmetic
dermatological care along with related laboratory services. Using
innovative and proven solutions, Forefront’s caring,
board-certified dermatologists and medical specialists treat the
total patient to help improve not only the condition of their skin,
but also their quality of life.
Founded in 1962, OMERS is one of Canada’s largest defined
benefit pension plans, with C$114 billion in net assets as at June
30, 2021. OMERS invests and administers pensions for more than half
a million members through originating and managing a diversified
portfolio of investments in public markets, private equity,
infrastructure and real estate. OMERS had private equity holdings
of approximately C$18 billion as at June 30, 2021. OMERS Private
Equity, the private equity investment arm of OMERS with a team of
investment professionals in London, New York, Singapore and
Toronto, seeks to use its significant and differentiated capital
base to partner with management teams of industry leading
businesses.
Partners Group is a leading global private markets firm. Since
1996, the firm has invested over $170 billion in private equity,
private real estate, private debt and private infrastructure on
behalf of its clients globally. Partners Group seeks to generate
strong returns through capitalizing on thematic growth trends and
transforming attractive businesses and assets into market leaders.
The firm is a committed, responsible investor and aims to create
sustainable returns with lasting, positive impact for all its
stakeholders. With $127 billion in assets under management as of
December 31, 2021, Partners Group provides an innovative range of
bespoke client solutions to institutional investors, sovereign
wealth funds, family offices and private individuals globally. The
firm employs more than 1,500 diverse professionals across 20
offices worldwide and has regional headquarters in Baar-Zug,
Switzerland; Denver; and Singapore. It has been listed on the SIX
Swiss Exchange since 2006 (symbol: PGHN).
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams HCLS Group has experience across a broad
range of sectors, including healthcare providers; payors and payor
services; outsourced pharmaceutical services; medical device supply
chain; healthcare IT; and pharmacy. For more information on the
HCLS Group and other recent transactions, visit the HCLS Group’s
section of the Harris Williams website.
The Harris Williams Consumer Group has completed transactions
across a variety of verticals, including branded consumer products;
consumer services; food, beverage and agribusiness; and restaurant
and retail. For more information on the Harris Williams Consumer
Group and recent transactions, visit the Consumer Group’s section
of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact
media@harriswilliams.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220211005401/en/
Katie Langemeier media@harriswilliams.com
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