Investment Summary

Trilantic North America and Halle Capital Management Invest In Rarebreed

On May 1, 2020, private equity firm Trilantic North America and growth capital firm Halle Capital Management invested in consumer services company Rarebreed

Investment Highlights
  • This is Trilantic North America’s 1st and Halle Capital Management’s 1st transaction in the Consumer Services sector.
  • This is Trilantic North America’s 38th and Halle Capital Management’s 2nd transaction in the United States.
  • This is Trilantic North America’s 1st and Halle Capital Management’s 1st transaction in Maine.

Investment Summary

Date 2020-05-01
Target Rarebreed
Sector Consumer Services
Investor(s) Trilantic North America
Halle Capital Management
Deal Type Growth Capital

Target

Rarebreed

Portland, Maine, United States
website
Rarebreed is focused on taking care of the people who take care of animals with the goal of becoming the employer of choice for those dedicating their professional lives to veterinary care. Rarebreed accomplishes this by bringing industry-leading benefits to bear, including outsized parental leave, pet medical benefits, and best-in-class healthcare benefits for anyone working more than 30 hours a week. Rarebreed was founded in 2018 and is based in Portland, Maine.

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Investor(S) 2

Investor

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2009
PE ASSETS 9.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 40 of 50
Sector (Consumer Services) 1 of 1
Type (Growth Capital) 11 of 15
State (Maine) 1 of 1
Country (United States) 38 of 48
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Gorilla Commerce

Westport, Connecticut, United States

Gorilla Commerce is a direct-to-consumer home, business, and pet product development platform operating at the intersection of creativity and analytics to create and provide obsession-worthy, high-quality products at reasonable prices. By utilizing a data-driven approach to select product categories, and a systematic process to evaluate underlying market characteristics, the company provides affordable, durable, and standout products that make everyday life easier for consumers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 Templar

Oklahoma City, Oklahoma, United States

Templar is an oil and natural gas exploration and production company primarily focused on investing in the Mid-Continent Region of the U.S., while also evaluating opportunities outside the region which fit its economic criteria. Templar primarily targets mature well-understood regions that are liquids-rich, have stacked multiple development pay zones, and are expected to offer attractive full-cycle development returns. Templar’s executive management team has diverse experience, with core competencies in horizontal drilling and multi-stage completion techniques, having drilled hundreds of horizontal wells in the Mid-Continent Region.

Sell -
DESCRIPTION

Halle Capital Management is a private equity firm focused on partnering with and providing growth capital to lower middle-market healthcare, business services, and consumer services companies. The Firm looks for businesses operating in industries benefiting from favorable trends where additional capital can be used to accelerate growth. Halle Capital Management was established in 2019 and is based in New York City.


DEAL STATS #
Overall 2 of 8
Sector (Consumer Services) 1 of 1
Type (Growth Capital) 2 of 5
State (Maine) 1 of 1
Country (United States) 2 of 8
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 Longevity Health Plan

Palm Beach Gardens, Florida, United States

Longevity Health Plan provides institutionalized special needs plans to long-term residents of skilled nursing facilities. The plan is focused on improving its members physical, mental, and social well-being through personalized clinical care and therapies. Longevity Health Plan was founded in 2017 and is based in Palm Beach Gardens, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Dogtopia

Phoenix, Arizona, United States

Dogtopia is a dog daycare, boarding, and spa franchisor. With an emphasis on education, exercise, and safe socialization for dogs, pet parents have the assurance of leaving their beloved furry family members in the hands of trained professionals in an environment created with the safety of dogs in mind. Dogtopia was founded in 2002 and is based in Phoenix, Arizona.

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