M&A Deal Summary

Apax Acquires Lexitas

On November 5, 2019, private equity firm Apax acquired business services company Lexitas from Trinity Hunt Partners

Acquisition Highlights
  • This is Apax’s 10th transaction in the Business Services sector.
  • This is Apax’s 81st transaction in the United States.
  • This is Apax’s 8th transaction in Texas.

M&A Deal Summary

Date 2019-11-05
Target Lexitas
Sector Business Services
Buyer(s) Apax
Sellers(s) Trinity Hunt Partners
Deal Type Secondary Buyout
Advisor(s) Deloitte (Financial)
Katten Muchin Rosenman (Legal)

Target

Lexitas

Houston, Texas, United States
website
Lexitas is a provider of litigation support services to law firms and insurance companies. Services include medical record retrieval, court reporting, and legal videography. Lexitas was formed in 1987 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 214 of 246
Sector (Business Services) 10 of 14
Type (Secondary Buyout) 46 of 61
State (Texas) 8 of 10
Country (United States) 81 of 95
Year (2019) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 S.R. Accord

Ramla, Israel

S.R. Accord is a provider of non-bank credit solutions for businesses with around 1,100 small to medium-sized businesses, primarily in the real estate, retail, and food-related sectors. S.R. Accord was formed in 1991 and is based in Ramla, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-29 Sylpa

Rungis, France

Sylpa is a provider of electrical engineering, installation, and maintenance for high and low voltage systems. Sylpa was founded in 2006 and is based in Rungis, France.

Sell -

Seller(S) 1

SELLER

Trinity Hunt Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 775M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Trinity Hunt Partners is a private equity firm focused on investing in lower middle-market companies throughout US. Trinity targets established companies with EBITDA of $4 to $25 million and investment size between $15 and $50 million of equity invested into each portfolio company. Specific areas of interest include business, healthcare, and consumer services. The Firm focuses on majority and significant minority recapitalizations, buy-and- builds, management buyouts. Trinity Hunt Partners was founded in 1993 and is based in Dallas, Texas.


DEAL STATS #
Overall 14 of 20
Sector (Business Services) 2 of 3
Type (Secondary Buyout) 7 of 10
State (Texas) 6 of 11
Country (United States) 14 of 19
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 WEXCO International

Marina Del Rey, California, United States

WEXCO International Corp. is a full-service provider of litigation focused forensic engineering services primarily in the areas of premises liability and safety engineering, accident reconstruction and construction-defect analysis. WEXCO International was established in 1969 and is based in Marina Del Rey, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Dataprise

Rockville, Maryland, United States

Dataprise is a provider of IT managed services offering IT Management, IT Strategy and Consulting, Information Security Solutions, Help Desk Support Services, and Cloud Services. Dataprise was established in 1995 and is based in Rockville, Maryland.

Buy -