Eric Bormel

Director

EMAIL

eric.bormel@solomonpartners.com

PHONE

(646) 378-4063

Eric Bormel is a Director in Healthcare focused on Digital Health and Consumer Healthtech across software, tech-enabled services and connected device companies. He joined the firm in 2013.

Industry executives and professional publications recognize Eric as a leading investment banker in Digital Health. His experience spans verticals such as AI-enabled care management, corporate wellness, virtual care, consumer med tech, health & wellness tech and connected health & fitness tech.

With more than 12 years of experience in public and private mergers, acquisitions, divestitures, private placements, leveraged financings and restructurings, Eric has advised 25+ clients in industry changing transactions with a combined value exceeding $15 billion.

Select recent strategic clients include Willow Innovations, Prime Therapeutics, Tidi Products, Lululemon Studio, Wahoo Fitness, ProSomnus, Nox Health, Panalgo, Truepill, MyFitnessPal and Under Armour. Select recent financial sponsor clients include Apollo Global Management, Bessemer Venture Partners, CCMP Capital, CRG LP, General Atlantic, Healthpoint Capital, Madryn Asset Management, Oak HC/FT, Optum Ventures, Rhone Group, RoundTable Healthcare Partners, Silversmith Capital Partners, Transformation Capital Partners, and TSG Consumer Partners.

Eric graduated with a BBA, with distinction, from the Ross School of Business at the University of Michigan.

Select Recent Transactions

Served as financial advisor to Willow Innovations on its acquisition of Elvie
March 2025
Served as financial advisor to Prime Therapeutics on its strategic alliance with and minority investment in Capital Rx
March 2024
Served as financial advisor to TIDI Products on its sale to TJC
December 2023
Served as financial advisor to lululemon on strategic alternatives for lululemon studio
September 2023
Served as financial advisor to Zavation on its acquisition of CoreLink
June 2023
Served as financial advisor to Wahoo Fitness on its recapitalization and growth financing
May 2023
Served as the exclusive financial advisor and placement agent to Prime Therapeutics on its acquisition of Magellan Rx
December 2022
Served as financial advisor to ProSomnus on its merger with Lakeshore Acquisition I SPAC
December 2022
Served as financial advisor to Vestar Capital on its strategic growth investment in Nox Health
November 2022
Served as exclusive financial advisor to Panalgo on its sale to MMIT & Evaluate, a Welsh, Carson, Anderson & Stowe and Hg portfolio company
October 2021
Served as financial advisor to Truepill on its $142 million capital raise at a $1.6 billion valuation
October 2021
Served as financial advisor to Under Armour on its sale of the MyFitnessPal Platform to Francisco Partners
December 2020
Served as financial advisor to Five Below on its acquisition of e-commerce, fulfillment and select other assets from Hollar.com.
December 2019
Served as advisor to Hudson’s Bay Company on its sale of Lord + Taylor to Le Tote.
November 2019
Served as advisor to Five Below on its role as lead investor in Nerd Street Gamers’ Series A financing round.
October 2019
Served as exclusive financial advisor to Arteriors on its sale to Norwest Equity Partners.
June 2019
Served as financial advisor to V.F. Corporation on its divestiture of Reef to The Rockport Group
October 2018
Financial advisor to HBC on its sale of real estate assets to Signa and the formation of a joint venture between HBC Europe and Karstadt.
September 2018

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