Daily News: November 19, 2014

MidCap Agents Lee Equity Facility Supporting Acquisition

MidCap Financial announced it served as syndication agent for a facility to support the acquisition of LDM Group by Lee Equity Partners. The acquisition will be combined with PDR Network, an existing portfolio company of Lee Equity.

Bryan Rupprecht, managing director at MidCap, stated, “We are delighted to support Lee Equity and its portfolio company, PDR Network, in their acquisition of LDM Group. The combined business represents a clear leader in the healthcare information market and is expected to benefit from expanded scale and cost synergies achieved through improved operational leverage.”

Lee Equity is a private equity firm specializing in acquisitions and buyouts of middle market companies with high growth potential.