Kian Capital Transaction Announcement - American In-Home Care, LLC
December 2015: Kian Capital is pleased to announce that it has invested $7.0 million in senior subordinated debt and equity in American In-Home Care, LLC (“AIHC” or the “Company”). Kian partnered with Modern Bank to support the Company’s acquisition of Douglas Health Systems and to provide liquidity for existing shareholders. AIHC provides referral services to older adults and others needing assistance with the activities of daily living through its registry of licensed, screened, and empathetic caregivers. These independent caregivers provide private duty in-home services, including companionship, grocery shopping, meal preparation and mobility support, to help AIHC’s clients reach their goal of remaining in their homes while allowing them personal control, selection and authority over this decision.
AIHC is a portfolio company of Silverhawk Capital Partners (“Silverhawk”), a Greenwich-based independent investment group that invests in transactions within the Business Services, Growth Industrial and Energy/Natural Resources sectors. Silverhawk has partnered with AIHC’s management team to execute an acquisition strategy to create a leader within Florida’s highly fragmented private duty in-home care services market.
David Scanlan, Chairman of AIHC and Managing Partner of Silverhawk, commented further, “We have known the principals of Kian for over 15 years and are pleased to have them partner with us on this important transaction. We look forward to their support and believe their experience will add significant value as we continue to grow AIHC through organic initiatives and strategic acquisitions.”
Scott Buschmann, Partner at Kian Capital, said “AIHC’s executive team, led by CEO Doug Hollman, and Silverhawk have demonstrated their ability to work together to build industry leading healthcare services platforms. We are excited about partnering with such a talented team and are pleased to provide capital in support of their latest efforts to create a leader in the independent living services industry, addressing the personal care needs of Florida’s aging population and its desire to age in place.”
More information about American In-Home Care can be found by visiting http://americaninhomecare.com.
About Kian Capital
With offices in Atlanta, GA and Charlotte, NC, Kian Capital is a licensed Small Business Investment Company ("SBIC") with $150 million of capital under management. Kian makes mezzanine debt and equity investments in leading lower middle-market companies across a broad range of industries, typically providing between $5 million and $15 million of capital per transaction. We partner with management teams, independent sponsors and private equity firms to build and grow successful, high-quality businesses. Our team has deep expertise across the capital structure, including control private equity, mezzanine debt and leveraged senior debt, which enables us to be flexible, value-added partners to help support the long-term objectives of business owners.