Advent Morro Equity Partners Mergers and Acquisitions Summary

Private Equity Profile

Advent Morro Equity Partners’ most common sectors for investment are business services (16%) and communications (8%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (31%) and growth capital (24%). In total, Advent Morro Equity Partners has invested in 7 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 1999 when it acquired Centennial Communications for $1.9B.

The Firm’s most common exit type is trade sale (67%). Advent Morro Equity Partners’ largest (disclosed) exit occurred in 2002 when it sold Datek Online Holdings for $1.3B.

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M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity13
    • M&A Sell Activity3
  • Total Sectors Invested 12
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 13

Advent Morro Equity Partners

Banco Popular Building,206 Tetuan Street,Suite 903,
San Juan, 00902
Puerto Rico
(787) 725-5285
www.adventmorro.com

Advent Morro Equity Partners is a private equity firm focused on opportunities connected to Puerto Rico. The FIrm invests in companies operating in Puerto Rico, Puerto Rican companies expanding into the US, and established US-based companies whose products or services target the US hispanic market. Advent Morro’s seeks to team with management teams looking for capital to accelerate growth organically or through acquisitions. The Firm looks to invest $2.5 to $7.5 million in companies with annual revenues between $5 and $20 million. Sectors of interest include healthcare, hospitality, telecommunications, software-development, distribution, education and medical insurance. The Firm will consider a variety of investment situations, including MBOs, corporate divestitures, turnarounds, recapitalization of family owned businesses, and industry consolidation. Advent Morro Equity Partners was formed 1989 and is based in San Juan.


Investment Criteria

Sectors of Interest: Communications, Distribution, Education, Healthcare Services, Insurance, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization

Geographic Preferences: Latin/South America

Transaction Criteria Min Max
Target Revenue 5 20
Target EBITDA 1 5
Investment Size 3 10
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 13 - - - - - 13
vol $3.0B $3.0B
Sell (0.0/yr) # 3 - - - - - 3
vol $2.2B $2.2B
  16

Most Recent M&A

Company Date Value Type
Quench USA, Inc. 2014-10-20 - Merger
King of Prussia, Pennsylvania · www.quenchonline.com
La Familia 2011-05-25 - Growth Capital
Winter Park, Florida · www.lafamiliapawn.com
Quality Water Service Corp. 2010-12-18 - Growth Capital
Guaynabo, Puerto Rico · www.qualitywaterpr.com
UPM Group 2010-06-09 - Growth Capital
San Juan, Puerto Rico · www.upmpr.com
Codigo Entertainment LLC 2009-12-03 2M USD Venture
Miami, Florida · www.fania.com
Charlotte Russe, Inc. 2009-08-24 380M USD Buyout (LBO, MBO, MBI)
San Diego, California · www.charlotterusse.com
Centennial Communications Corp. 2008-11-07 944M USD Add-on Acquisition
Wall, New Jersey · www.centennialwireless.com
Quench USA, Inc. 2008-09-10 - Venture
King of Prussia, Pennsylvania · www.quenchonline.com
Seven Seas Water Corp. 2008-02-04 - Venture
Tampa, Florida · www.7seaswater.com
Patheon BV 2007-04-01 - PIPE
Durham, North Carolina · www.patheon.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Charlotte Russe, Inc. 2009-08-24 Peek Kids 2019-03-29 1
San Diego, California · www.charlotterusse.com San Francisco, California · www.PeekKids.com

M&A by Sector

Sector Current # Value All-time # Value
Business Services 2 (29%) - 2 (15%) -
Communications - - 1 (8%) 1.9B (64%)
Financial Services - - 1 (8%) 700M (23%)
Retail 1 (14%) 380M (99%) 1 (8%) 380M (13%)
Media 1 (14%) 2M (1%) 1 (8%) 2M (< 1%)
Consumer Services - - 1 (8%) -
Environmental 1 (14%) - 1 (8%) -
Insurance 1 (14%) - 1 (8%) -
Leisure 1 (14%) - 1 (8%) -
Life Science - - 1 (8%) -
Software - - 1 (8%) -
Utilities - - 1 (8%) -
Total 7 $382M 13 $3.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (57%) 382M (100%) 10 (77%) 3.0B (100%)
  Florida 2 (29%) 2M (1%) 3 (23%) 2M (< 1%)
  New Jersey - - 2 (15%) 2.6B (87%)
  California 1 (14%) 380M (99%) 1 (8%) 380M (13%)
  Pennsylvania - - 1 (8%) -
  North Carolina - - 1 (8%) -
  Georgia - - 1 (8%) -
Puerto Rico 3 (43%) - 3 (23%) -
Domestic 3 (43%) - 3 (23%) -
Cross-border 4 (57%) 382M (100%) 10 (77%) 3.0B (100%)
Total 7 $382M 13 $3.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (29%) 380M (99%) 4 (31%) 1.1B (36%)
Venture 1 (14%) 2M (1%) 3 (23%) 2M (< 1%)
Growth Capital 3 (43%) - 3 (23%) -
Secondary Buyout - - 1 (8%) 1.9B (64%)
PIPE - - 1 (8%) -
Recapitalization 1 (14%) - 1 (8%) -
Total 7 $382M 13 $3.0B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (67%) 2.2B (100%)
Merger 1 (33%) -
Total 3 $2.2B

Deal Values

buy # Total
> $1B 1 $1.9B
$100M to $1B 2 $1.1B
< $100M 1 $2M
TOTAL $3.0B
Largest Centennial Communications Corp.
$1.9B (1999-01-01)
sell # Total
> $1B 1 $1.3B
$100M to $1B 1 $944M
TOTAL $2.2B
Largest Datek Online Holdings Corp.
$1.3B (2002-09-09)

M&A Connections

Deals %
Exited to
Strategic(s)
100%
3 100%

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