Ropes & Gray Signifies Audax Private Equity
Ropes & Gray Signifies Audax Private Equity
Audax Private Equity was represented by Ropes & Gray in its acquisition of Medi-Weightloss, Inc. Audax is a national provider of science-based, physician-supervised weight-loss and wellness clinics with roughly 100 franchised and company-owned locations.
The transaction's financial terms were not revealed.
Audax Group is an alternative investment manager based in Boston, New York, San Francisco, and London. The investment by Audax in Medi-Weightloss aims to boost revenue growth, optimise operations, and substantially improve equity value. The Medi-Weightloss acquisition is an ideal deal for Audax' Origins strategy, which builds on the company's iconic emphasis in the lower middle market.
The Ropes & Gray team was headed by Adam Leamon (private equity partner), along with Gregory Bauer (private equity partner), Jenny Rikoski (benefits partner), Kellie Combs (life sciences partner), Michael Lampert (health care partner), Pamela Glazier (tax partner), Megan Bisk (labor & employment partner), and Thomas Brown (litigation & enforcement partner).
