Harbert Private Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Harbert Private Capital has invested in 6 companies.

Harbert Private Capital’s most common sectors for investment arehealthcare services (14%) and internet software and services (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (49%) and growth capital (24%). In total, Harbert Private Capital has invested in 22 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2012 when it acquired FastTrack Pty for $12M.

In the last 3 years, Harbert Private Capital has exited 5 companies. The Firm’s most common exit type is trade sale (61%). Harbert Private Capital’s largest (disclosed) exit occurred in 2023 when it sold Payzer for $250M.

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M&A Summary

  • M&A Total Activity103
    • M&A Buy Activity60
    • M&A Sell Activity43
  • Total Sectors Invested 26
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 61
  • M&A Advisors 2

Harbert Private Capital

2100 Third Avenue North, Suite 600,
Birmingham, Alabama 35203
United States
(205) 987-5500
www.harbert.net/investment-strategies/private-capital

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Information Technology, Insurance, Life Science, Manufacturing, Media, Medical Products, Metals/Mining, Oil/Gas Exploration, Packaging, Retail, Safety/Security, Software, Staffing, Technology Hardware, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe, Eastern Europe, Australia/New Zealand

Transaction Criteria Min Max
Target Revenue 20 50
Target EBITDA 3 15
Investment Size 3 15
Enterprise Value 10 100
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 53 1 5 1 - - 60
vol $12M $12M
Sell (1.2/yr) # 37 1 2 1 2 - 43
vol $323M $59M $250M $632M
  103

Most Recent M&A

Company Date Value Type
Payzer LLC 2023-10-26 250M USD Trade Sale
Charlotte, North Carolina · www.payzer.com
Envera Health 2023-10-12 - Trade Sale
Richmond, Virginia · www.enverahealth.com
Vology, Inc. 2022-08-10 - Trade Sale
Clearwater, Florida · www.vology.com
Placemakr 2022-03-15 - Growth Capital
Washington, District of Columbia · www.placemakr.com
Circular Board LLC 2021-07-14 - Growth Capital
Santa Rosa, California · www.helloalice.com
Sharecare, Inc. 2021-06-29 - SPAC
Atlanta, Georgia · www.sharecare.com
Graylog, Inc. 2021-06-25 - Growth Capital
Houston, Texas · www.graylog.org
Payzer LLC 2021-06-05 - Growth Capital
Charlotte, North Carolina · www.payzer.com
Connected2Fiber, Inc. 2021-03-22 - Growth Capital
Westborough, Massachusetts · www.connectbase.com
FDS Avionics Corp. 2021-02-18 - Merger
Alpharetta, Georgia · www.flightdisplay.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services - - 8 (13%) -
Internet Software and Services 3 (33%) - 6 (10%) 12M (100%)
Business Services - - 6 (10%) -
Information Technology 1 (11%) - 5 (8%) -
Automotive 1 (11%) - 3 (5%) -
Construction - - 3 (5%) -
Financial Services - - 3 (5%) -
Manufacturing - - 3 (5%) -
Software - - 3 (5%) -
Environmental 1 (11%) - 2 (3%) -
Metals/Mining - - 2 (3%) -
Packaging 1 (11%) - 2 (3%) -
Aerospace - - 1 (2%) -
Building Materials - - 1 (2%) -
Chemicals - - 1 (2%) -
Communications - - 1 (2%) -
Consumer Products - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Franchising - - 1 (2%) -
Leisure 1 (11%) - 1 (2%) -
Life Science - - 1 (2%) -
Machinery - - 1 (2%) -
Marketing - - 1 (2%) -
Media - - 1 (2%) -
Staffing 1 (11%) - 1 (2%) -
Utilities - - 1 (2%) -
Total 9 - 60 $12M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (89%) - 54 (90%) -
  Texas 2 (22%) - 9 (15%) -
  Georgia 1 (11%) - 9 (15%) -
  Virginia 1 (11%) - 5 (8%) -
  Florida - - 3 (5%) -
  Colorado - - 3 (5%) -
  Tennessee - - 3 (5%) -
  Pennsylvania - - 3 (5%) -
  North Carolina - - 3 (5%) -
  Massachusetts 1 (11%) - 2 (3%) -
  Missouri - - 2 (3%) -
  District of Columbia 1 (11%) - 1 (2%) -
  Oregon 1 (11%) - 1 (2%) -
  Maryland 1 (11%) - 1 (2%) -
  California - - 1 (2%) -
  Arkansas - - 1 (2%) -
  Alabama - - 1 (2%) -
  Utah - - 1 (2%) -
  Oklahoma - - 1 (2%) -
  New York - - 1 (2%) -
  Nevada - - 1 (2%) -
  Mississippi - - 1 (2%) -
Australia - - 5 (8%) 12M (100%)
Germany 1 (11%) - 1 (2%) -
Domestic 8 (89%) - 54 (90%) -
Cross-border 1 (11%) - 6 (10%) 12M (100%)
Total 9 - 60 $12M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 29 (48%) 12M (100%)
Growth Capital 6 (67%) - 14 (23%) -
Recapitalization 2 (22%) - 9 (15%) -
Venture 1 (11%) - 4 (7%) -
Consolidation - - 1 (2%) -
Divestiture - - 1 (2%) -
Going Private - - 1 (2%) -
Stake Purchase - - 1 (2%) -
Total 9 - 60 $12M

Exits by Deal Type

Type Total # Value
Trade Sale 21 (49%) 142M (23%)
Secondary Sale 10 (23%) -
Trade Sale - Public Company 6 (14%) 490M (77%)
Bankruptcy 2 (5%) -
Unknown 2 (5%) -
Merger 1 (2%) -
SPAC 1 (2%) -
Total 43 $632M

Top M&A Advisors

Financial Deals
Colonnade Advisors LLC
 1
McGrathNicol
 1

Deal Values

buy # Total
< $100M 1 $12M
TOTAL $12M
Largest FastTrack Pty Ltd.
$12M (2012-07-10)
sell # Total
$100M to $1B 2 $457M
< $100M 4 $175M
TOTAL $632M
Largest Payzer LLC
$250M (2023-10-26)

M&A Connections

Deals
Acquired from
Investor(s)
3%
2 (3%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
23%
10 (23%)
Strategic(s)
63%
27 (63%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

4.7B USD

Established

1985

Specialist/Generalist

Generalist

Leadership

John Harrison

Senior Managing Director

Brian Carney

General Partner

Thomas Roberts III

General Partner

John Scott

Managing Director

Rob Bourquin

Managing Director

FAQ

When was Harbert Private Capital founded?

Harbert Private Capital was founded in 1985.

What type of investor is Harbert Private Capital?

Harbert Private Capital is a private equity firm.

Where is Harbert Private Capital headquartered?

Harbert Private Capital is headquartered in Birmingham, Alabama.

How much capital does Harbert Private Capital have under management?

Harbert Private Capital has 4.7B USD under management.

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