Ropes & Gray Represents CCMP Capital, in the sale of Eating Recovery Center to Apax Funds
Ropes & Gray advised CCMP Capital and its portfolio company Eating Recovery Center in a definitive agreement for Eating Recovery Center to be acquired by funds advised by Apax Partners in partnership with Oak HC/FT. The transaction is expected to close in late-late 2021. Terms of the transaction, which was announced on October 5, were not disclosed. The press release is here.
Eating Recovery Center, based in Denver, Colorado, is a leading provider of eating disorder, and mood and anxiety treatment in the U.S. CCMP Capital, a private equity firm based in New York City, has invested over $18 billion in buyout and growth equity transactions since 1984.
The Ropes & Gray team that represented CCMP Capital and Eating Recovery Center was led by private equity partners Garrett Charon, Andrew Silver and David Blittner (all of New York), and included tax partner Adam Greenwood, finance partner Jay Kim and employment, executive compensation & benefits partner Allie Alperovich (all of New York), healthcare partner Jennifer Romig (Chicago) and IP transactions partner Megan Baca (Silicon Valley).