Eric Bormel is a Director in Healthcare focused on the Consumer Healthtech sector. He joined the firm in 2013.
Over his 10 years of experience, he has represented both public and private companies on a variety of assignments including buy-side, sell-side, merger, deSPAC and licensing transactions as well as debt and equity financings.
Most recently, Eric advised Vestar Capital on its strategic investment into sleep diagnostic platform Nox Health, sleep apnea wearable manufacturer ProSomnus on its merger with a SPAC, pharmacy benefit manager Prime Therapeutics on its acquisition of Magellan Rx from Centene Corporation, virtual care enablement platform Truepill on its Series D investment, healthcare analytics platform Panalgo on its sale to Welsh Carson and Hg-backed MMIT & Evaluate and Under Armour on its sale of its digital health platform MyFitnessPal to Francisco Partners.
Other notable advisory roles include advising L.L Bean on its debt refinancing, HBC on its sale of Lord + Taylor to Le Tote, Five Below on its acquisition of select Hollar.com digital assets and its investment in N3rd Street Gaming, Payless ShoeSource on its Chapter 11 restructuring, VF Corporation on its sale of Reef to The Rockport Group, HBC on sale of real estate assets to and formation of JV with Signa Holdings to operate Kaufhof and Karstadt, Kenneth Cole Productions, Inc. on its recapitalization, Skullcandy on its sale to Mill Road Capital, Office Depot on its sale to Staples (terminated) and Under Armour on its acquisition of digital fitness platform MapMyFitness and global marketing transactions.
Furthermore, his clients, past and present, include Apollo Global Management, CCMP Capital, CirrusMD, Healthpoint Capital, Kering, Monro Muffler Brake, Oak HC/FT, Optum Ventures, Rhone Group, RoundTable Healthcare Partners, Silversmith Capital Partners, Transformation Capital Partners, and TSG Consumer Partners.
Eric holds a BBA, with distinction, from the Ross School of Business at the University of Michigan.
Served as financial advisor to Wahoo Fitness on its recapitalization and growth financing
Served as financial advisor to ProSomnus on its merger with Lakeshore Acquisition I SPAC
Served as the exclusive financial advisor and placement agent to Prime Therapeutics on its acquisition of Magellan Rx
Served as financial advisor to Vestar Capital on its strategic growth investment in Nox Health
Served as exclusive financial advisor to Panalgo on its sale to MMIT & Evaluate, a Welsh, Carson, Anderson & Stowe and Hg portfolio company
Served as financial advisor to Truepill on its $142 million capital raise at a $1.6 billion valuation
Served as financial advisor to Under Armour on its sale of the MyFitnessPal Platform to Francisco Partners
Served as financial advisor to Five Below on its acquisition of e-commerce, fulfillment and select other assets from Hollar.com.