M&A Deal Summary

Thompson Street Capital Partners and Northstar Capital Acquire TransnetYX

On March 22, 2018, private equity firm Thompson Street Capital Partners and mezzanine finance firm Northstar Capital acquired life science company TransnetYX

Acquisition Highlights
  • This is Thompson Street Capital Partners’ 4th and Northstar Capital’s 3rd transaction in the Life Science sector.
  • This is Thompson Street Capital Partners’ 48th and Northstar Capital’s 82nd transaction in the United States.
  • This is Thompson Street Capital Partners’ 2nd and Northstar Capital’s 5th transaction in Tennessee.

M&A Deal Summary
Date 2018-03-22
Target TransnetYX
Sector Life Science
Buyer(s) Thompson Street Capital Partners
Northstar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

TransnetYX

Cordova, Tennessee, United States
website
TransnetYX is a fully automated genotyping system for detecting transgenic, knockout, knockin, SNP and CRISPR mutations in animal research models. TransnetYX was founded in 2000 and is based in Cordova, Tennessee.

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Buyer(S) 2

Buyer

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 48 of 72
Sector (Life Science) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 21 of 30
State (Tennessee) 2 of 4
Country (United States) 48 of 71
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Connecticut Electric

Anderson, Indiana, United States

Connecticut Electric is a designer, manufacturer, and distributor of specialty electrical components that are sold through electrical distributors, hardware stores, and home improvement retailers. Connecticut Electric, Inc. products include proprietary branded circuit breakers as well as manual transfer switches, spa panels, and HVAC whips and disconnects. Connecticut Electric was founded in 1906 and is based in Anderson, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-14 Global Software

Raleigh, North Carolina, United States

Global Software, Inc. is a provider of Microsoft Excel-based automation and reporting software solutions, including its flagship product Spreadsheet Server. Spreadsheet Server enables users to access operational and financial data across multiple platforms from within an Excel spreadsheet in order to produce dynamic reports with powerful drill-down capabilities. The Company’s core software offerings integrate with more than 60 leading enterprise resource planning platforms and automate data analytic processes for business and financial professionals. Global Software supports more than 2,500 customers and 50,000 users across more than 50 countries in enterprises ranging from small businesses to Fortune 500 firms.

Sell -
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 86 of 108
Sector (Life Science) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 35 of 42
State (Tennessee) 5 of 6
Country (United States) 82 of 103
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-21 Blast Deflectors

Reno, Nevada, United States

Blast Deflectors designs and manufactures jet blast deflectors ground run-up enclosures, and end-around taxiway screens for aviation infrastructure applications. Blast Deflectors was founded in 1957 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 WWP Beauty

Florham Park, New York, United States

WWP Beauty is a provider of packaging solutions to the cosmetic industry.WWP Beauty also specializes in custom engineered solutions for a variety of unique product applications. WWP Beauty's extensive product line includes a wide selection of innovative tube packaging options, jars, compacts and lotion bottles. WWP Beauty provides everything from plastic mass-market containers to sophisticated metal cases for lipstick, lip gloss, mascara, and eyeliner, while offering competitive prices and dependable, high quality service.

Sell -
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