Daily News: August 30, 2017

Antares, Golub Support CCMP Eating Recovery Center Buy


CCMP Capital Advisors will acquire a controlling interest in Eating Recovery Center, a provider of specialized treatment for individuals with eating disorders, from Lee Equity Partners and other investors.

Antares Capital and Golub Capital Markets are providing the financing, and Ropes & Gray is acting as legal counsel to CCMP. Moelis & Company is serving as the exclusive financial advisor and Perkins Coie is acting as legal counsel to ERC and Lee Equity Partners.

Founding Partner and Chief Executive Officer Dr. Ken Weiner said the management team and the clinical team will remain in place and are committed to expanding ERC’s business to meet the company’s mission, though terms of the transaction were not disclosed.

“We are excited to partner with Dr. Weiner, a nationally recognized expert in the treatment of eating disorders, and his talented management team, to acquire Eating Recovery Center, which has become a market leader through its compassionate, expert-based care focused on strong clinical outcomes,” said Greg Brenneman, CCMP executive chairman and managing director.

Headquartered in Denver, Eating Recovery Center provides comprehensive treatment for eating disorders including anorexia, bulimia, binge eating disorder and other unspecified eating disorders.

CCMP Capital Advisors specializes in middle market buyouts and growth equity investments of $100 million to $500 million in North America and Europe.