New York, NY, JANUARY 29, 2019 – BBH Capital Partners (“BBHCP”) announced today that it has completed the sale of its stake in portfolio company, KabaFusion Holdings LLC (“KabaFusion”), to a financial investor. Through a network of licensed pharmacies in seven states, KabaFusion is a provider of specialty pharmacy home infusion services to patients that have difficult-to-treat chronic and acute conditions including primary immune deficiency, neuromuscular and neurological conditions, and autoimmune disorders. BBHCP invested in KabaFusion in late 2014 and was the first outside investor in the company. KabaFusion was founded by Dr. Sohail Masood, a highly respected pioneer in the home infusion industry. Under the leadership of Dr. Masood (CEO), and the talented KabaFusion management team, the company nearly quadrupled its revenue over the past four years while maintaining its high standard of being an industry leader in clinical quality and patient care.
Bradley M. Langer, Managing Director at Brown Brothers Harriman & Co. (“BBH”) and Co-Manager of BBHCP, commented, “We enjoyed working closely with KabaFusion over the past four years. Dr. Masood and KabaFusion’s management team are highly experienced, proven executives in specialty home infusion and they have been fantastic partners. They have built a business of scale that continues to focus first and foremost on providing high quality care to their patients. We greatly respect what the team has accomplished and look forward to watching them continue to grow their business in the coming years.”
Dr. Masood added, “We couldn’t be more pleased with our partnership with BBHCP. As a founder owned business, we were very careful in selecting our first equity partner. BBHCP has a focus on founder owned companies and is a longtime, experienced healthcare investor that had a true understanding of our business and industry. BBHCP and BBHCP’s Operational Resources Group spent considerable time working with our team to help accelerate revenue growth and improve margins.” Houlihan Lokey’s Healthcare Group served as the exclusive advisor to KabaFusion.
About KabaFusion Holdings LLC
KabaFusion specializes in IVIG (intravenous immunoglobulin) and home-infusion IV therapy with seven pharmacist-owned, patient-focused specialty pharmacies serving over 40 states across the country. KabaFusion was founded by Dr. Sohail Masood in 2010 and currently operates seven fully accredited home infusion specialty pharmacies strategically located in California, New Jersey, Texas, Illinois, Massachusetts, Pennsylvania, and Florida.
About BBH Capital Partners
BBH Capital Partners (“BBHCP”), a private equity strategy of Brown Brothers Harriman & Co., provides friendly capital solutions to growth-oriented middle-market companies. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP typically invests between $30 million and $125 million per platform investment, and our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations (including dividend recapitalizations), buy-and-build strategies and acquisitions.
About Brown Brothers Harriman
BBH is a privately held financial institution that has been a thought leader and solutions provider for more than 200 years. The firm serves individuals, families, businesses and institutions in its three business lines: Private Banking, Investment Management and Investor Services. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized by design.
BBH Private Banking’s mission is to be the pre-eminent provider of advice and capital to private business owners and people of substantial wealth to help them create, transition, preserve and grow their wealth. The firm serves both corporate and private clients in the following products and services: Private Wealth Management, Corporate Advisory & Banking, and Private Equity.
BBH operates a global business with 18 locations, including Beijing, Boston, Charlotte, Chicago, Denver, Dublin, Grand Cayman, Hong Kong, Jersey City, Kraków, London, Luxembourg, Nashville, New York, Philadelphia, Tokyo, Wilmington and Zürich. For more information about Brown Brothers Harriman, please visit www.bbh.com.
BBH is a registered service mark of Brown Brothers Harriman & Co. in the U.S. and other countries.