M&A Deal Summary

ABS Capital Partners and Adams Street Partners Acquire Alula

On March 14, 2018, private equity firm ABS Capital Partners and asset manager Adams Street Partners acquired safety/security company Alula

Acquisition Highlights
  • This is ABS Capital Partners’ 2nd and Adams Street Partners’ 1st transaction in the Safety/Security sector.
  • This is ABS Capital Partners’ 55th and Adams Street Partners’ 106th transaction in the United States.
  • This is ABS Capital Partners’ 2nd and Adams Street Partners’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2018-03-14
Target Alula
Sector Safety/Security
Buyer(s) ABS Capital Partners
Adams Street Partners
Deal Type Consolidation

Target

Alula

St. Paul, Minnesota, United States
website
Alula is a security platform that delivers simplified security for independent security dealers and installers. Designed to reduce truck rolls, increase recurring monthly revenue (RMR), simplify inventory and put dealers in control of their business, their customers and their revenue, the Alula platform is available nationwide through distributors that cater to the alarm and integrator industry. Alula is based in St. Paul, Minnesota.

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Buyer(S) 2

Buyer

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 56 of 64
Sector (Safety/Security) 2 of 2
Type (Consolidation) 1 of 1
State (Minnesota) 2 of 2
Country (United States) 55 of 63
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Athletes Performance

Phoenix, Arizona, United States

Athletes' Performance, Inc. is a provider of integrated performance training, nutrition and physical therapy for elite athletes, military and corporations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 RedZone Robotics

Warrendale, Pennsylvania, United States

RedZone Robotics is a technology-enabled solutions business that uses proprietary robots and software tools to provide inspection, data collection, and asset management services primarily for wastewater pipeline systems. RedZone Robotics was founded in 1987 and is based in Warrendale, Pennsylvania.

Sell -
Buyer

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1972
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.


DEAL STATS #
Overall 117 of 147
Sector (Safety/Security) 1 of 1
Type (Consolidation) 1 of 1
State (Minnesota) 2 of 3
Country (United States) 106 of 135
Year (2018) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Corvus Pharmaceuticals

Burlingame, California, United States

Corvus Pharmaceuticals a clinical stage biopharmaceutical company, focuses on the development and commercialization of immuno-oncology therapies. Its lead product candidate is CPI-006, an anti-CD73 monoclonal antibody, which is in Phase I/Ib clinical trial that inhibits the production of adenosine and activate various immune cells, as Phase III clinical trial of CPI-006 for COVID-19. Corvus Pharmaceuticals was founded in 2014 and is based in Burlingame, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Robinhood

Menlo Park, California, United States

Robinhood operates as an institutional brokerage company. Robinhood offers commission-free trading in one, user-friendly platform. Robinhood is based in Menlo Park, California.

Buy -