M&A Deal Summary

Main Street Capital Acquires CBT Nuggets

On January 1, 2006, private equity firm Main Street Capital acquired education company CBT Nuggets

Acquisition Highlights
  • This is Main Street Capital’s 1st transaction in the Education sector.
  • This is Main Street Capital’s 11th transaction in the United States.
  • This is Main Street Capital’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2006-01-01
Target CBT Nuggets
Sector Education
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

CBT Nuggets

Eugene, Oregon, United States
website
CBT Nuggets produces and sells original content IT certification training videos. The company's training videos provide comprehensive training for certification exams from Microsoft, CompTIA, Cisco, and Citrix, plus many other professional certification vendors. CBT Nuggets was founded in 1999 and is based in Eugene, Oregon.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 11 of 136
Sector (Education) 1 of 2
Type (Recapitalization) 5 of 56
State (Oregon) 2 of 4
Country (United States) 11 of 136
Year (2006) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Hawthorne Customs & Dispatch Services

Houston, Texas, United States

Formed in 1959, Hawthorne Customs & Dispatch Services provides "one-stop logistics" services to its customers in order to facilitate the import and export of various products to and from the United States. In this capacity, Hawthorne offers numerous transportation-related services to its customers as a licensed United States customs broker, an ocean freight intermediary, an ocean freight forwarder, a common carrier trucking firm and an owner/operator of a bonded public warehouse/trans-loading facility. Hawthorne operates out of multiple owned and leased facilities with close proximity to the Ship Channel and The Port of Houston in Houston, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-06 Everyones Internet

Houston, Texas, United States

Everyones Internet, Ltd. (“EV1”) is a Houston, Texas based company that began its operations in 1998 as an internet service provider (“ISP”) in the Houston market. EV1 subsequently expanded its ISP operations into various markets across the U.S. and started providing dedicated web hosting services to domestic and international customers. Today, EV1 operates one of the largest independent ISP’s and web hosting services companies in the country. EV1 maintains a well known brand name in the markets it serves through an extensive marketing and advertising campaign and also maintains a significant presence in the Houston community through its involvement with numerous charities benefiting underprivileged children and other community initiatives. EV1’s corporate headquarters are located in Houston, Texas.

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Mergr

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