July 30, 2018 – New Canaan Funding (“NCF”) provided financing to support the acquisition of Pharmacy Development Services LLC (“PDS”) by Millpond Equity Partners (“Millpond”). NCF provided debt and equity in PDS as part of this acquisition.
PDS, headquartered in Lake Worth, Florida, is a leading provider of business consulting, data analytics, and intelligence solutions to independent pharmacies in North America. PDS offers independent pharmacies a broad portfolio of consulting, data analytics, business intelligence, marketing, leadership training, and other services while serving the independent pharmacy industry since 1998. Through its extensive experience, combined with the utilization of proprietary data and operating methodology, PDS enables its members to deliver better patient outcomes and business results. As part of its service offering, with the support of leading industry participants and sponsors, PDS hosts the independent pharmacy industry’s foremost conference highlighting new trends, leadership, and business management techniques.
New Canaan Funding, with offices in New Canaan, Connecticut and Wheaton, Illinois, is a mezzanine firm focused on the middle market private sponsor community. Since its beginnings in 1995, NCF has targeted acquisitions, recapitalizations and growth financings in conjunction with its private equity clients. NCF is currently investing out of its sixth fund. The investment in PDS represents NCF’s tenth investment in the fund. This financing represents the second with Millpond.
Millpond Equity Partners is a private equity firm exclusively investing in the education, training and outsourced services sectors. The Millpond leadership team has nearly 60 years of combined private equity and operating experience, deep industry expertise and a long track record of growing businesses and creating value alongside management teams.
Contact and additional information for Millpond Equity Partners can be found at https://millpondequity.com.
Contact at New Canaan Funding: