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Ridgemont Equity Partners Acquires Anne Arundel Dermatology to Expand Dermatology Capabilities
Wednesday 21 October 2020

North Carolina, US-based private equity investor Ridgemont Equity Partners has acquired Maryland-based Anne Arundel Dermatology Management (AAD), a provider of medical, surgical and cosmetic dermatological services in the Mid-Atlantic and Southeastern states, to expand into new geographic markets, the company said.

Financial terms of the transaction were not disclosed.

The management team at AAD and physician-owners invested alongside Ridgemont in the transaction. Financing for the transaction was provided by Twin Brook Capital Partners, Crescent Direct Lending, First Eagle Alternative Credit, Pathway Capital Management, Northwestern Mutual Investment Management company, and funds and accounts sub-advised by Churchill Asset Management.

Dechert LLP provided legal services to Ridgemont. Robert W. Baird and Co. served as financial advisor to Ridgemont and Coker Capital served as financial advisor to Anne Arundel Dermatology.

Anne Arundel Dermatology is a provider of dermatological services in Maryland, Virginia, Tennessee, North Carolina, and Pennsylvania.

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor.
Date Published: 21/10/2020