Candescent Partners

Candescent Partners, LLC is a private equity firm established in 2009 and located in Boston, Massachusetts. The firm specializes in buyouts, growth capital, recapitalization, and mezzanine debt investments, primarily targeting the healthcare information technology and services, consumer products and services, business services, and software sectors. Candescent Partners focuses on investing in companies based in the U.S. and Canada, typically seeking opportunities in businesses with revenues ranging from $10 million to $50 million, EBITDA between $2 million and $10 million, and an enterprise value of $10 million to $75 million. The firm generally invests between $2 million and $30 million and prefers to secure a board seat in its portfolio companies, using personal capital for its investments.

Stephen M. Jenks

Co-Founder and Managing Partner

Alexander S. McGrath

Managing Partner

1 past transactions

Koch Eye Associates

Acquisition in 2013
Koch Eye Associates started from scratch in 1981, in a small building on Tollgate Road. Back then there were only three people working in the office. Drs. Paul and Patricia Koch saw what few patients there were and Dr. Paul’s wife answered the phone and handled the front desk. Things were slow at the start and they averaged seeing only four patients a day. Sometimes they didn’t have a single patient to see for an entire day. This is a true story: shortly after the movie “E.T.” came out there was an afternoon when their schedule was completely empty. They didn’t have a single patient scheduled. They put the office on answering service, locked the door and They all went to see the movie at afternoon matinee.
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