M&A Deal Summary

Alta Equity Partners, Antares Capital and Susquehanna Growth Equity Acquires HMP Global

On August 20, 2007, private equity firm Alta Equity Partners, private equity firm Antares Capital and growth capital firm Susquehanna Growth Equity acquired publishing company HMP Global from Noson Lawen Partners

Acquisition Highlights
  • This is Alta Equity Partners’ 4th, Antares Capital’s 1st and Susquehanna Growth Equity’s 1st transaction in the Publishing sector.
  • This is Alta Equity Partners’ 34th, Antares Capital’s 11th and Susquehanna Growth Equity’s 4th transaction in the United States.
  • This is Alta Equity Partners’ 2nd, Antares Capital’s 1st and Susquehanna Growth Equity’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2007-08-20
Target HMP Global
Sector Publishing
Buyer(s) Alta Equity Partners
Antares Capital
Susquehanna Growth Equity
Sellers(s) Noson Lawen Partners
Deal Type Secondary Buyout

Target

HMP Global

Malvern, Pennsylvania, United States
website
HMP Global is a provider of healthcare content and continuing medical education events. HMP Communications owns and operates medical journals, trade publications, annual symposia, webcasts, regional meetings, and continuing medical education events for medical and healthcare professionals. HMP Global was founded in 1985 and is based in Malvern, Pennsylvania.

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Buyer(S) 3

Buyer

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
SizeSmall
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.


DEAL STATS #
Overall 38 of 40
Sector (Publishing) 4 of 4
Type (Secondary Buyout) 3 of 3
State (Pennsylvania) 2 of 2
Country (United States) 34 of 36
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-10 Telephia, Inc.

San Francisco, California, United States

Telephia, Inc., is a provider of syndicated consumer research to the telecom and mobile media markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-28 On Target Media LLC

Cincinnati, Ohio, United States

On Target Media is a provider of place-based healthcare education media. The company creates and operates advertiser-supported patient education programs in healthcare facilities throughout the U.S. These programs currently include wall-mounted displays located in exam rooms that hold patient education brochures and digital screens located in waiting rooms that broadcast educational information.

Sell -
Buyer

Antares Capital

Miami, Florida, United States

Investor Investor

website


Category Private Equity Firm
Founded 1993
SizeSmall
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 11 of 51
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 8 of 29
State (Pennsylvania) 1 of 3
Country (United States) 11 of 50
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 API Heat Transfer, Inc.

Buffalo, New York, United States

API Heat Transfer is a designer and manufacturer of a wide range of heat transfer technologies that service virtually every industrial market including food and beverage, dairy, compressors, air separation, chemical processing, mobile vehicles, power generation, pharmaceuticals, HVAC, and a wide variety of general industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-11 Triage Management Services, Inc.

Jacksonville, Florida, United States

Triage Management Services, Inc. operates as a roofing contractor.

Buy -
Buyer

Susquehanna Growth Equity

Bala Cynwyd, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 2006
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Susquehanna Growth Equity (SGE) is the private equity arm of The Susquehanna International Group of Companies. SGE focuses on companies that help streamline payments and related transactions. This includes SaaS, payments and transaction processing, capital markets technology, and internet/information services. SGE looks to commit $5 to $50 million in companies with at least $5 million of revenue. The Firm will consider both control and minority positions and targets opportunities across North America, Europe, and Israel. SGE was established in 2006 and is headquartered in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 5 of 55
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 1 of 5
State (Pennsylvania) 1 of 2
Country (United States) 4 of 41
Year (2007) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 ESP Technologies LLC

New York, New York, United States

ESP Technologies LLC is a provider of settlement aggregation via advanced post-trade management technology, networking, and services. ESP connected to over 250 algo, broker, and DMA venues worldwide through a single fix connection to our broker-neutral global routing network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 BlueSnap, Inc.

Waltham, Massachusetts, United States

BlueSnap offers SaaS-based global payments, eCommerce, and marketing solutions that enable digital goods and content sellers to market and sell products online to buyers. BlueSnap was founded in 2001 and is based in Waltham, Massachusetts.

Buy -

Seller(S) 1

SELLER

Noson Lawen Partners

New York, New York, United States

Investor Investor

website


Category Private Equity Firm
Founded 2004
SizeSmall
Type Sector Agnostic
DESCRIPTION

Noson Lawen Partners is private equity firm targets to invest in lower middle market traditional information and media companies throughout the US. It looks to invest $3 - $10 million in companies with revenues of $10 – $20 million. Prospective transaction situation includes buyouts and growth capital financing. Noson Lawen Partners was formed in 2004 and is based in New York City. The Firm has additional office in Lionvile, Pennsylvania.


DEAL STATS #
Overall 1 of 2
Sector (Publishing) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Outdoor Promotions LLC

Denver, Colorado, United States

Outdoor Promotions is a provider of out-of-home media partnership programs for public entities and private landlords including street furniture and innovative digital media products in three major markets in the Western Us – Las Vegas, Denver, and Salt Lake City. Outdoor Promotions is based in Denver, Colorado.

Buy -