DRESNER
PARTNERS ADVISED ADVANCED
FERTILITY
CENTER OF CHICAGO, S.C. ON ITS SALE TO PRELUDE
FERTILITY
CHICAGO
– March 7, 2018 – Dresner Partners, a leading FINRA-registered, middle-market
investment bank and IMAP member firm, is pleased to announce that it advised Advanced
Fertility Center of Chicago, S.C. (Advanced Fertility) on its sale to Prelude
Fertility, a portfolio company of Lee Equity Partners, LLC. Terms
of the transaction were not disclosed.
Founded
in 1997 by Dr. Richard Sherbahn, an accomplished reproductive endocrinologist
and researcher, Advanced Fertility is a highly successful operator of three in
vitro fertilization (IVF) clinics in the Chicagoland area. Advanced Fertility currently maintains a staff
of 33 employees across its locations, led by Sherbahn and fellow reproductive
endocrinologists and infertility specialists Dr. Michelle Catenacci and Dr.
Gary Jones. Advanced Fertility is nationally
recognized for its high IVF and egg donation success rates, which are among the
highest in the country.
“We
would like to thank the team at Dresner Partners for their tireless dedication in
helping us complete this transaction,” said Richard Sherbahn, MD, Founder of
Advanced Fertility.
Michelle
Catenacci, MD, Partner at Advanced Fertility added, “The Advanced Fertility
team is excited to join forces with Prelude Fertility. Combined with Prelude Fertility, we are
better positioned to accelerate growth and bring our fertility services to new
patients.”
Mitchell
Stern, Managing Director and Head of the Healthcare Group at Dresner Partners said,
“We are excited that Advanced Fertility and Prelude Fertility completed this
transaction. Advanced Fertility has developed
an unparalleled reputation for clinical excellence, both in Chicagoland and
nationally. Patients of both providers will
benefit from broader services and solutions.”
Steven
M. Dresner, President of Dresner Partners and Vice Chairman of IMAP said, “Investment
in the fertility industry continues to grow to meet the burgeoning consumer
demand for assisted reproductive technologies.
I want to commend Mitchell Stern and Brian Schofield from the Dresner
team for their hard work on this quality transaction.”
Dresner
Partners is a leading investment bank in the fertility industry having advised several
clients on many notable transactions including:
RMA of New Jersey on its merger with IVI; IGENOMIX on its sale to Charme
Capital Partners, Amadeus Capital Partners, Aleph Capital, and Graham Snudden;
and Advanced Fertility on its sale to Prelude Fertility.
About Advanced Fertility Center
of Chicago, S.C.
Founded
in 1997, Advanced Fertility was established to provide best-in-class infertility specialty testing
and treatment services. Through its
network of three clinics, Advanced Fertility offers basic infertility services
as well as advanced assisted reproductive technologies (ART) services such as
in vitro fertilization (IVF), intracytoplasmic sperm injection (ICSI), and egg
donation. More information is available
at www.advancedfertility.com.
About Prelude Fertility
Prelude is a comprehensive fertility
company focused on providing people with the best options for meeting their
family-building goals. Using a proactive
approach to fertility care, Prelude aims to improve people’s chances of having
healthy babies when they are ready. Founded
in 2016 by serial entrepreneur Martín Varsavsky, Lee Equity Partners,
Reproductive Biology Associates and MyEggBank, the company was established to
give men and women more reproductive choices and greater control over their
biological clocks. More information is
available at www.PreludeFertility.com.
About
Dresner Partners / IMAP
Dresner
Partners is a FINRA-registered, middle-market investment bank headquartered in
Chicago, with offices in New York City, Fort Lauderdale, Fla., and Irvine and Palo
Alto, Calif. For nearly 25 years,
Dresner Partners has provided financial advisory services to middle-market
companies throughout the world, including institutional private placements of
debt and equity, merger and acquisitions advisory, financial restructuring
& corporate turnarounds, valuations and strategic consulting services. Dresner Partners is a member of IMAP, the world’s
leading global mergers and acquisitions partnership focused on the middle
market. Founded in 1973, IMAP has more
than 60 offices across the globe that work together seamlessly to deliver
exceptional value to its clients. An
affiliated company, Dresner Corporate Services, is a strategic communications
firm specializing in public and investor relations. More information is available at www.dresnerpartners.com or http://www.imap.com/city?city=Chicago. You can also follow Dresner Partners on
Twitter at www.twitter.com/DresnerPartners.
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For
Media Inquiries
David Gutierrez, Head of PR and
Corporate Development, (312)780-7204, dgutierrez@dresnerco.com
For Investment Banking Inquiries
Mitchell Stern, Managing
Director and Head of Healthcare, (917)370-0891, mstern@dresnerco.com
Brian Schofield, Senior Vice
President, (312)780-7227, bschofield@dresnerco.com