M&A Deal Summary

Northstar Capital and Quabbin Capital Acquire The ADS Group

On September 1, 1999, mezzanine finance firm Northstar Capital and asset manager Quabbin Capital acquired technology hardware company The ADS Group

Acquisition Highlights
  • This is Northstar Capital’s 1st and Quabbin Capital’s 1st transaction in the Technology Hardware sector.
  • This is Northstar Capital’s 3rd and Quabbin Capital’s 2nd transaction in the United States.
  • This is Northstar Capital’s 1st and Quabbin Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 1999-09-01
Target The ADS Group
Sector Technology Hardware
Buyer(s) Northstar Capital
Quabbin Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

The ADS Group

Plymouth, Minnesota, United States
website
The ADS Group is a provider of outsourced CD-ROM manufacturing, diskette duplication and related fulfillment services. These services include, CD mastering, replication, pre-press design, printing, packaging, distribution and fulfillment services; and diskette duplication and fulfillment services. ADS specializes in servicing software professionals who require short lead times and maximum flexibility from their service providers. CD-ROM disks are used for data, software, games and promotional applications. The ADS Group was founded in 1989 and is based in Plymouth, Minnesota.

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Buyer(S) 2

Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 108
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 42
State (Minnesota) 1 of 11
Country (United States) 3 of 103
Year (1999) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 BSC Ventures

Cincinnati, Ohio, United States

Manufacturer and distributor of specialty envelopes and folders.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-06 Ovation Brands

Eagan, Minnesota, United States

Ovation Brands, Inc. (formerly Buffets, Inc.) is a operates a restaurants in the U.S. with 410 restaurants operating under the HomeTown Buffet or Old Country Buffet brand names in 38 states.

Buy $665M
Buyer

Quabbin Capital

Boston, Massachusetts, United States

Investor Investor Investor Investor

website

Category Asset Manager
Founded 1974
Size Small
Type Sector Agnostic
DESCRIPTION

Quabbin Capital is private investment group focused on alternative asset investments in the US and abroad. Quabbin looks for opportunities in private equity, mezzanine loans, venture capital, energy, real estate, and hedge funds. Within private equity, Quabbin pursues equity and junior capital investments in established, profitable manufacturing or business service companies with revenues of $10 to $50 million. Quabbin Capital was formed in 1974 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 2 of 9
Sector (Technology Hardware) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Minnesota) 1 of 1
Country (United States) 2 of 9
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Lofland Acquisition

Houston, Texas, United States

Lofland Acquisition, Inc. is a distributor of steel rebar and other construction related products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Healthy Pet

Shelton, Connecticut, United States

Healthy Pet Corp. is an operator of veterinary hospitals in the eastern United States.

Buy -
Mergr

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