Q4 2021: Tech Deal Report
South Florida firm publishes Q4 2021 Tech Investment Banking Report surveying technology deals, industry M&A, and public markets activity
Q4 2021 Healthcare Investment Banking Report
Miami Investment Banking Firm Cassel Salpeter Releases Healthcare Industry Deal Report
South Florida firm publishes Q4 2021 Healthcare Deal Report surveying private placements, M&A, IPOs, public market activity, and trends
Spectrum Vision Partners acquired Comprehensive Eye
- Background: Comprehensive Eye M.D. (“Comprehensive Eye”), based in Long Island, NY, is a physician-owned and operated ophthalmology practice. Comprehensive Eye provides patients with best-in-class ophthalmologic medical and surgical care.
- Cassel Salpeter:
- Served as financial advisor to the Company
- Assisted company in exploring strategic alternatives including the sale of the company
- Introduced and evaluated potential strategic partners
- Worked closely with physician owner to navigate all phases of the sale process and achieve optimal transaction for a long-time, closely held business
- Challenges:
- Sale process conducted during pandemic
- Ensuring seamless transition after decades of physician ownership
- Maximizing and delivering value for synergies
- Navigating extensive diligence review process
- Outcome: In October 2021, Comprehensive Eye was acquired as part of a significant regional roll-up strategy by Spectrum Vision Partners, a portfolio company of Blue Sea Capital.
PROS Holdings, inc. acquired EveryMundo
- Background: EveryMundo (“EveryMundo, LLC”), based in Miami, FL, is the leader in SaaS fare marketing technology focused on helping airlines, travel, and events businesses maximize their reach and engagement, enabling deeper relationships with their customers across multiple channels to bypass third-party aggregators and drive direct booking opportunities.
- Cassel Salpeter:
- Served as financial advisor to the Company
- Ran a focused, competitive sales process, identifying and contacting strategic and financial buyers
- Successfully identified a strategic acquirer looking to gain greater market penetration and enhance its digital consumer engagement offerings
- Challenges:
- Helping potential buyers understand EveryMundo’s rapid growth trajectory, sustainability, and expansion into new adjacent markets
- Maintaining tight timeline for transaction process without interfering with business growth trajectory
- Outcome: In November 2021, EveryMundo was acquired by PROS Holdings, Inc. (NYSE: PRO), a provider of SaaS solutions optimizing shopping and selling experiences with headquarters in Houston, TX.
