M&A Deal Summary

Northern Pacific Group, St. Cloud Capital and DGB Investments Acquire Renters Warehouse

On September 1, 2015, private equity firm Northern Pacific Group, private equity firm St. Cloud Capital and family office DGB Investments acquired real estate company Renters Warehouse

Acquisition Highlights
  • This is Northern Pacific Group’s 1st, St. Cloud Capital’s 1st and DGB Investments’ 1st transaction in the Real Estate sector.
  • This is Northern Pacific Group’s 3rd, St. Cloud Capital’s 18th and DGB Investments’ 1st transaction in the United States.
  • This is Northern Pacific Group’s 3rd, St. Cloud Capital’s 1st and DGB Investments’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-09-01
Target Renters Warehouse
Sector Real Estate
Buyer(s) Northern Pacific Group
St. Cloud Capital
DGB Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Renters Warehouse

Eden Prairie, Minnesota, United States
website
Renters Warehouse is an operator of a property manager for single-family residential rental properties. Renters Warehouse has approximately 16,000 properties under management in 32 markets. They serve everyday single-property homeowners as well as real estate investors through professional, scalable, and efficient single-property management solutions. Renters Warehouse was founded in 2007 and is based in Eden Prairie, Minnesota.

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Buyer(S) 3

Buyer

Northern Pacific Group

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Northern Pacific Group is a private equity firm focused on acquiring and investing in lower middle-market companies with revenues between $10 and $100 million. Northern Pacific will consider opportunities throughout the US, however the Firm has a focus on businesses operating in the upper Midwest. Target companies typically exhibit possess recurring revenue, high gross margins, and opportunities for growth. Sectors of interest include technology and business services. Northern Pacific Group was formed in 2012 and is headquartered in Woyzata, Minnesota.

DEAL STATS #
Overall 3 of 9
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Minnesota) 3 of 4
Country (United States) 3 of 8
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-03 Outsell

Minneapolis, Minnesota, United States

Outsell is a digital marketing platform for the automotive industry. Outsell Fuel, the company’s flagship product, enables automotive manufacturers and their dealers to engage customers and prospects across the customer lifecycle, engender loyalty, identify active shoppers, and most importantly, measurably improve sales. Outsell is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-06 United Language Group

Minneapolis, Minnesota, United States

United Language Group is a provider of translation, localization and other language-related business services to customers across a diverse array of end markets, including life sciences, manufacturing, legal/financial, IT, and hospitality. United Language Group was founded in 2015 and is based in Minneapolis, Minnesota.

Buy -
Buyer

St. Cloud Capital

Los Angeles, California, United States

website

Category Private Equity Firm
Founded 2001
PE ASSETS 530M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

St. Cloud Capital is an investment firm that invests in lower middle-market private and public companies. The Firm provides both debt and equity capital financing. St. Cloud targets well-managed, undervalued companies with successful products or services, proven technologies, and market niches. It looks to invest $3 to $20 million per transaction in companies with revenue of $10 to $150 million. Prospective transactions types include recapitalizations, buyouts, and growth capital financing. St Cloud Capital was formed in 2001 and is based in Los Angeles, California.

DEAL STATS #
Overall 18 of 34
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Minnesota) 1 of 1
Country (United States) 18 of 34
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 Bravo Sports

Santa Fe Springs, California, United States

Bravo Sports is a manufacturer of sporting goods and outdoor categories. Bravo provides branded consumer products such as scooters, skateboards, skates, and canopies to a blue-chip customer base across the mass merchants, sporting goods and big-box retailers. Bravo Sports was founded in 1965 and is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-02 EZ-Own Auto Source

Scottsdale, Arizona, United States

EZ-Own Auto Source is an automotive rent-to-own company that owns and manages a fleet of approximately 1,000 vehicles in the greater Phoenix area. The Company’s rental program provides customers with a more compelling and consumer-friendly option than other automotive alternatives. EZ-Own Auto Source was established in 2011 and is based in Scottsdale, Arizona.

Buy -
Buyer

DGB Investments

website

Category Family Office
Size Small
Type Sector Agnostic
DESCRIPTION

DGB Investments is a diversified holding company of high growth technology investments, founded and managed by Doug Bergeron, the former Chairman and CEO of VeriFone, Inc. DGB Investments is based in Palo Alto, California.

DEAL STATS #
Overall 1 of 2
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 2
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 Pipeworks Studios

Eugene, Oregon, United States

Pipeworks Studios is an independent studio specializing in advanced consumer and commercial games with innovative, “real world” scenarios for a diverse community of corporate partners. With high-tech projects ranging from Terraria to military simulations, Pipeworks expertly produces amazing game experiences and applications across a variety of industries, technologies, and platforms. Pipeworks Studios was founded in 1999 and is based in Eugene, Oregon.

Buy $20M
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