M&A Deal Summary |
|
|---|---|
| Date | 2023-08-09 |
| Target | Cadent |
| Sector | Media |
| Buyer(s) | Novacap |
| Sellers(s) | Lee Equity Partners |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 8.0B CAD |
| Size | Mega |
| Type | Sector Agnostic |
Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 59 |
| Sector (Media) | 2 of 2 |
| Type (Secondary Buyout) | 8 of 8 |
| State (New York) | 4 of 4 |
| Country (United States) | 17 of 18 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-04 |
Static Media
New York, New York, United States Static Media owns and operates a portfolio of unique and passion-driven digital media brands providing content in food, lifestyle as well as media and entertainment. Static Media was founded in 2012 and is based in New York City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-24 |
Horizon
Columbus, Ohio, United States Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio. |
Sell | $385M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 15 |
| Sector (Media) | 1 of 1 |
| Type (Secondary Buyout) | 8 of 8 |
| State (New York) | 2 of 2 |
| Country (United States) | 14 of 14 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-04-12 |
TESSCO Technologies
Hunt Valley, Maryland, United States TESSCO Technologies is an entity which makes wireless works. TESSCO Technologies enables organizations to capitalize on these opportunities while providing an extraordinary business experience. Company deliver the knowledge, product and supply-chain solutions required to build, use, and resell wireless voice, data and video systems. TESSCO Technologies was founded in 1982 and is based in Hunt Valley, Maryland. |
Buy | $161M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-04 |
Carisk Partners
Miami, Florida, United States Carisk is a provider of claims management services to the workers’ compensation industry, serving carriers, third party administrators and employers. Carisk Partners was founded in 2011 and is based in Miami, Florida. |
Buy | - |
