Ravinia Capital closed a $35 million debt transaction by CommonView Capital and Sandton Capital Partners to provide Pain Specialists of America (PSA), a portfolio company of CommonView, with enhanced financial flexibility to support its ongoing growth initiatives and strategic objectives. Ravinia served as the exclusive financial advisor to CommonView in this transaction.
“Ravinia did a phenomenal job understanding the needs of PSA and Common View, and quickly identified Sandton as the right partner to help us achieve our goals,” Scott Budoff, managing partner at CommonView, said. “This was our first experience with Ravinia, but it certainly won’t be our last.”
“Ravinia’s get-it-done approach was key to the success of this transaction,” Robert Orr, principal of Sandton Capital Partners, said. “As always, Tom and his team managed the process with the highest level of diligence and professionalism, which assisted us in completing this transaction on a rapid timetable. We look forward to partnering with CommonView and PSA as they embark upon their next phase of growth.”
“We are delighted to have advised CommonView on this important transaction,” Tom Goldblatt, managing partner at Ravinia, said. “The consummation of this transaction is a testament to PSA’s strong market position, experienced management team and the attractive growth dynamics of the pain management sector. This transaction exemplifies Ravinia’s expertise in advising healthcare services companies and highlights the firm’s ability to structure and execute complex financial transactions in challenging market conditions.”
The professional advisors on the transaction were:
- Ravinia Capital (representing CommonView Capital): Tom Goldblatt, managing partner; Eric Brook, associate; and Nandhini Ganesan, analyst
- Greenberg Traurig (representing CommonView Capital and Pain Specialists of America): Dave Peck, shareholder; Nancy Peterman, shareholder; Todd Bowen, shareholder; and Carl Bergland, shareholder
- McguireWoods (representing Sandton Capital): Mark E. Freedlander, partner; Brian Coughlan, partner; and Andrew Seward, associate
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