Ropes & Gray Serves as Legal Advisor on NaviMed Capital’s Second Fund
Ropes & Gray served as legal advisor to NaviMed Capital, a leading healthcare focused private equity firm based in the Washington, DC area, on its second fund, NaviMed Partners II (“Fund II”). Fund II announced its final close on April 14, and was substantially oversubscribed, attracting $290 million of total commitments, more than doubling the size of its predecessor fund.
NaviMed will continue to focus on control investments in fast growing lower middle-market healthcare companies. The firm focuses on healthcare services, healthcare IT, hospital products, and pharmaceutical services businesses which are poised to benefit from the value-based care and technology innovation forces reshaping the industry. NaviMed typically invests in profitable private companies with up to $10 million of EBITDA and double-digit annual revenue growth.
The Ropes & Gray team was led by asset management partner and institutional investors team and buyout fund team co-leader Marc Biamonte, and included asset management partner Arthur Andersen III, tax partner Adam Greenwood, asset management counsel John Wang and Alyssa Horton, asset management associates Jay Yi, Aaron Lichter, and Karina Partovi, and tax associate Alexa Voskerichian.