Investment Summary

ShoreView Industries and Northstar Capital Invest In Avidity Science

On February 1, 2016, private equity firm ShoreView Industries and mezzanine finance firm Northstar Capital invested in life science company Avidity Science

Investment Highlights
  • This is ShoreView Industries’ 1st and Northstar Capital’s 2nd transaction in the Life Science sector.
  • This is ShoreView Industries’ 25th and Northstar Capital’s 70th transaction in the United States.
  • This is ShoreView Industries’ 1st and Northstar Capital’s 5th transaction in Wisconsin.

Investment Summary

Date 2016-02-01
Target Avidity Science
Sector Life Science
Investor(s) ShoreView Industries
Northstar Capital
Deal Type Growth Capital

Target

Avidity Science

Waterford, Wisconsin, United States
website
Avidity Science is a designer and manufacturer of automated watering and monitoring solutions for the animal and laboratory research markets. Avidity Science was established in 1969 and is based in Waterford, Wisconsin.

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Investor(S) 2

Investor
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 26 of 43
Sector (Life Science) 1 of 1
Type (Growth Capital) 5 of 12
State (Wisconsin) 1 of 2
Country (United States) 25 of 42
Year (2016) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Niagara Thermal Products

Niagara Falls, New York, United States

Niagara Thermal Products LLC is a manufacturer and marketer of specialty heat removal systems such as heat sinks, thermal heat exchangers and fin materials.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 G.E.T. Enterprises

Jersey Village, Texas, United States

G.E.T. Enterprise is a provider of premium-quality, creative alternative tabletop solutions to the foodservice industry. G.E.T. Enterprises was founded in 1984 and is based in Jersey Village, Texas.

Sell -
Investor

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 73 of 107
Sector (Life Science) 2 of 3
Type (Growth Capital) 15 of 21
State (Wisconsin) 5 of 9
Country (United States) 70 of 102
Year (2016) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 SP Industries

Warminster, Pennsylvania, United States

SP Industries, Inc. is a manufacturer of specialty equipment, scientific glassware, and laboratory and lab safety supplies serving the pharmaceutical, biotechnology, educational, industrial, and OEM markets. SP Industries is based in Warminster, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Industrial Magnetics

Boyne City, Michigan, United States

Industrial Magnetics is a provider of highly engineered solutions for magnetic separation and material handling, particle processing, and process automation applications. Industrial Magnetics was founded in 1961 and is based in Boyne City, Michigan.

Sell -