Midmarket Private-Equity Firm’s Disciplined Approach Yields $2.18 Billion Sale of Staffing Company

  • Olympus Partners sold staffing company Soliant Health to Vistria Group for $2.18 billion, making a seven times return on their initial investment of $349 million
  • Soliant Health provides professionals for schools and hospitals, specializing in areas such as behavior specialists, therapists, and nurses
  • Increased demand for Soliant’s services due to growing class sizes and need for one-on-one attention for students with special needs
  • Olympus Partners has a disciplined approach to investing, avoiding overpaying in the market and focusing on profitable companies
  • The firm has exited other investments such as Foodware Group and AmSpec Parent in recent years
  • Soliant’s online session system helped increase earnings fivefold during four years to $230 million

Olympus Partners has sold staffing company Soliant Health to Vistria Group for a staggering seven times its initial investment of $349 million, demonstrating the firm’s disciplined approach to investing even in hot markets. The sale was made less than five years after acquiring the business from Adecco Group. Under Olympus’ ownership, Soliant expanded its sales and marketing teams and developed an online session system that increased earnings fivefold during four years to $230 million. The firm has also exited other investments such as Foodware Group and AmSpec Parent in recent years.

Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about Olympus Partners’ successful sale of Soliant Health to Vistria Group, highlighting their disciplined approach in private equity investments and the growth of Soliant under their ownership. It also mentions other recent exits by Olympus Partners and quotes from industry experts praising their performance.
Noise Level: 3
Noise Justification: The article provides relevant information about Olympus Partners’ successful sale of staffing company Soliant Health and highlights their disciplined approach in private equity investments. It also mentions the challenges faced by other private-equity firms in the current market. However, it lacks a deep analysis or exploration of long-term trends or possibilities, and does not offer significant actionable insights or new knowledge for readers.
Public Companies: Adecco Group (ADEN), S&P Global (SPGI), TPG (TPG)
Private Companies: Olympus Partners,Soliant Health,Vistria Group,Foodware Group,AmSpec Parent
Key People: Robert Morris (Chairman and Chief Executive of Olympus Partners), Daniel Crews (Director of Private Equity for the Tennessee Treasury Department), Robert Coke (Head of Buyout Investments at Wellcome Trust)

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Financial Relevance: Yes
Financial Markets Impacted: Private equity firms and staffing companies
Financial Rating Justification: The article discusses the sale of a staffing company, Soliant Health, by private equity firm Olympus Partners to Vistria Group for $2.18 billion, highlighting their disciplined approach in investment decisions and impact on financial markets and companies within the private equity sector.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: The article discusses a business transaction and the performance of a private equity firm, with no mention of any extreme events occurring in the last 48 hours.·
Deal Size: The deal size for the acquisition of Soliant Health by Vistria Group from Olympus Partners was $2.18 billion.
Move Size: No market move size mentioned.
Sector: Healthcare
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.wsj.com