M&A Deal Summary |
|
|---|---|
| Date | 2016-08-05 |
| Target | DBi Services |
| Sector | Business Services |
| Buyer(s) |
Sterling Partners Private Equity
Norwest Mezzanine Partners |
| Sellers(s) |
Tecum Capital
Alcentra Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Moelis & Co. Mazars USA LLP (Financial) Morgan Lewis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 53 of 62 |
| Sector (Business Services) | 8 of 9 |
| Type (Secondary Buyout) | 3 of 4 |
| State (Pennsylvania) | 3 of 3 |
| Country (United States) | 51 of 60 |
| Year (2016) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-18 |
Longitude Licensing
Dublin, Ireland Longitude Licensing is an intellectual property management company. Longitude holds a significant portfolio of patents addressing semiconductor memory and processing technologies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-01 |
Laureate
Baltimore, Maryland, United States Laureate is a provider of higher education. The company’s network of 60 accredited campus-based and online universities offers undergraduate and graduate degree programs to more than 740,000 students across 29 countries. Laureate offers more than 130 career-focused, undergraduate, master’s, and doctoral degree programs in fields including architecture, art, business, culinary arts, design, education, engineering, health sciences, hospitality, information technology, law, and medicine. Laureate was founded in 1998 and is based in Baltimore, Maryland. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 65 of 88 |
| Sector (Business Services) | 4 of 5 |
| Type (Secondary Buyout) | 17 of 31 |
| State (Pennsylvania) | 3 of 5 |
| Country (United States) | 63 of 85 |
| Year (2016) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-05 |
MPP
Noblesville, Indiana, United States MPP is a provider of custom-engineered powder metallurgy product solutions to customers in a variety of industries. MPP was founded in 1946 and is based in Noblesville, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-08 |
General Products
Livona, Michigan, United States General Products Corp. is a provider of full-service supplier of highly-engineered, complex and precision-machined components and assemblies to the North American automotive and heavy-duty truck markets. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 19 |
| Sector (Business Services) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 6 |
| State (Pennsylvania) | 6 of 10 |
| Country (United States) | 7 of 19 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-19 |
Advanced Pavement Group
Islip, New York, United States Advanced Pavement Group is an outdoor facility maintenance company (services include asphalt paving, seal-coating, drain installation and repair, concrete installation and repair, sweeping and debris removal, power washing, storm drain management, and maintenance) in the Northeast and Mid-Atlantic regions of the United States, servicing New York, New Jersey, Connecticut, Delaware, Pennsylvania, and Maryland. Advanced Pavement Group was established in 1963 and is based in Islip, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-31 |
Sentrics
Garland, Texas, United States Sentrics is a data-driven technology company focused on improving outcomes and experiences in the senior living industry. Sentrics provides the total well-being of each resident through actionable physical, medical, social, and mental data. Sentrics was founded in 2018 and is based in Garland, Texas. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 540M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 39 |
| Sector (Business Services) | 4 of 4 |
| Type (Secondary Buyout) | 7 of 8 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 31 of 38 |
| Year (2016) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-03 |
City Carting Holding
Stamford, Connecticut, United States City Carting Holding Co., Inc. is a provider of waste management and recycling services. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-11-03 |
Lugano Diamonds & Jewelry
Newport Beach, California, United States Lugano Diamonds & Jewelry is an international jewelry firm provides jewelry art in addition to being a leading jeweler to the ultra-high net worth clients. Each design is a signature creation by Lugano Diamonds, featuring artistic, one-of-a-kind settings. Lugano Diamonds & Jewelry was established in 1974 and is based in Newport Beach, California. |
Buy | - |
