Riverside In Great Shape After IPAR Acquisition July 31, 2015
Occupational Rehabilitation Specialist Joins Portfolio
The Riverside Company has invested in IPAR Rehabilitation (IPAR) of Melbourne, Australia. IPAR provides occupational rehabilitation case management services.
IPAR principally serves large insurance companies who either administer or underwrite the workers’ compensation cases for the various government entities. IPAR has 41 locations, over 240 employees, and operates across Australia.
“IPAR is a proven business in an expanding market and we’re confident that Riverside can help accelerate the company’s growth,” said Riverside Principal Nick Speer. “We look forward to working with IPAR’s excellent management team to make this business bigger and better.”
IPAR has opportunities to generate organic growth, integrate complementary add-on acquisitions and expand into adjacent industries where IPAR is underpenetrated. Specifically, the company can grow its disability employment services and outsourced injury/claims management business, branded Cogent Thinking, and cement its position as a provider of choice in occupational rehabilitation.
Riverside has completed 80 investments within its Healthcare Specialization, which includes a global team of dedicated experts committed to sourcing and developing outstanding healthcare businesses like IPAR.
Working with Speer on the transaction for Riverside were Managing Partner Simon Feiglin, Principal Steven Spiteri and Associate Kevin Xu.
Westpac provided debt financing, Herbert Smith Freehills provided legal advice, and KPMG and Deloitte provided accounting and tax advice.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $300 million. Since its founding in 1988, Riverside has invested in more than 390 transactions. The firm’s international portfolio includes more than 75 companies.