Deal Details

Snapdragon Completes Single Asset Continuation Vehicle for Fullscript

Healthcare

Snapdragon single asset continuation vehicle for Fullscript

Summary

Snapdragon Capital Partners (“Snapdragon”) closed a single asset continuation fund for Fullscript, a leading healthcare platform powering whole person care. The transaction reaffirms Snapdragon’s commitment to support Fullscript’s long-term growth strategy while providing an attractive liquidity option to existing investors. The transaction was led by Leonard Green & Partners L.P. (“LGP”).

Baird served as financial advisor to LGP on this transaction.

About

Founded in 2018, Snapdragon is a growth equity and buyout firm purpose-built for ambitious growth companies that are cherished by the modern consumer. The firm has a distinguished reputation in consumer services, including franchising, and a track-record of success identifying defensible growth opportunities in products and enablement technologies or B2B2C platforms. The Snapdragon portfolio includes Xponential Fitness (NYSE: XPOF), Fullscript, the Better Being Company, Fortis Franchise Group, Spartan Fitness Holdings and JECT. Snapdragon is headquartered in Riverside, Connecticut.

Founded in 2011, Fullscript is a leading healthcare platform powering whole person care. With a full suite of clinical tools that make it easier for practices to deliver personalized care more efficiently and effectively – Fullscript has helped over 100,000 providers and 10 million patients with seamless access to high-quality supplements, industry-leading labs and smart adherence tools. Fullscript is headquartered in Ontario, Canada.

LGP is a leading private equity investment firm founded in 1989 with $75 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity and selective public equity and debt positions. The firm primarily focuses on companies providing services, including consumer, healthcare and business services, as well as distribution and industrials. LGP is headquartered in Los Angeles, California.

Healthcare

Snapdragon single asset continuation vehicle for Fullscript