KRG Capital Partners Completes Sale of Avizent by EON


More Info
									KRG Capital Partners Completes Sale of Avizent
Sale represents KRG’s third successful exit in its $715MM Fund III

December 21, 2011 06:04 AM Eastern Time 

DENVER--(EON: Enhanced Online News)--KRG Capital Partners (KRG), a Denver-based private equity firm,
completed its sale of Avizent to York Risk Services Organization, Inc., a portfolio company of ABRY Partners. The
transaction closed on December 15, 2011. The all cash sale represents KRG’s third successful exit in its $715
million Fund III. Avizent, headquartered in Dublin, Ohio is a fully integrated national risk management provider
serving the workers’ compensation, auto and general liability segments.

Avizent’s innovative service offering includes third-party claims administration (TPA), medical managed care
services, network PPO access (including diagnostic scheduling services) and alternative risk solutions. Unlike most
of its competitors that outsource most or all of these services, Avizent performs nearly all of its services in-house,
creating a truly “integrated” product offering. Avizent’s customers include sophisticated self-insured employers,
government entities, self-insured groups and associations and national and regional commercial insurance carriers.

“Avizent’s management team has done an excellent job executing our combined vision and achieving a successful
outcome,” said Jay Coughlon, a Managing Director at KRG. “Since our involvement began in 2007, we have
enjoyed a productive and collaborative relationship building a truly unique service provider.” Bennett Thompson, a
Vice President at KRG added. “Avizent’s unique model is generating substantial momentum in the market and we
wish them well with their new partners.” 

“Joining forces with KRG enhanced our team’s ability to build a leading national risk management provider,” said
Tom Watson, CEO of Avizent. “KRG’s support accelerated the build out of our fully-integrated model, which has
allowed us to both reduce costs and enhance outcomes for our clients.” 

William Blair & Company acted as exclusive financial advisor to Avizent in connection with the transaction and
Morrison & Foerster served as legal counsel for Avizent.

About KRG:

Founded in 1996, KRG is a Denver based private equity buyout firm with $4.3 billion of cumulative capital either
deployed or available for future investment, which includes approximately $1 billion deployed since inception on
behalf of equity co-investors. The firm seeks investment opportunities for its partners where KRG can work in
concert with owners and operating managers who are committed to expanding their companies and becoming
industry leaders. The result is a partnership that focuses on creating a significantly larger enterprise through a
combination of internal growth and complementary add-on acquisitions. Since inception, KRG has invested in 41
platform companies and has completed 128 add-on acquisitions for those platforms. For more information on KRG,
please visit

KRG Capital Partners
Jay Coughlon, 303-390-5001
Managing Director
News by Industry

   l   Business
   l   Finance
   l   Health & Medicine

News by Subject

   l   Divestiture
   l   Merger/Acquisition

News by Geography

   l   Colorado
   l   North America
   l   Ohio
   l   United States

KRG Capital Partners
           Opens in new window
   l                             Website

   l       News Feed


To top