M&A Deal Summary

Brazos Private Equity Partners Acquires National Bankruptcy Services

On January 1, 2012, private equity firm Brazos Private Equity Partners acquired business services company National Bankruptcy Services from Advent International

Acquisition Highlights
  • This is Brazos Private Equity Partners’ 3rd transaction in the Business Services sector.
  • This is Brazos Private Equity Partners’ 24th transaction in the United States.
  • This is Brazos Private Equity Partners’ 12th transaction in Texas.

M&A Deal Summary
Date 2012-01-01
Target National Bankruptcy Services
Sector Business Services
Buyer(s) Brazos Private Equity Partners
Sellers(s) Advent International
Deal Type Secondary Buyout

Target

National Bankruptcy Services

Dallas, Texas, United States
website
National Bankruptcy Services is a provider of technology-enabled default management and bankruptcy processing solutions to financial institutions, credit unions, automobile lenders, and mortgage servicers in all 94 bankruptcy jurisdictions. National Bankruptcy Services was founded in 1999 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Brazos Private Equity Partners

Dallas, Texas, United States

website

Category Private Equity Firm
Founded 1999
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brazos Private Equity Partners is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. Brazos looks to invest up to $100 million in companies with annual revenues between $25 and $250 million. Brazos primarily invests in consumer and business services, consumer products, restaurants and specialty retail, distribution, healthcare services, financial services, insurance, and manufacturing. Brazos targets opportunities located throughout the United States, with a particular emphasis on Texas and the Southwest US. Brazos was formed in 1999 and is based in Dallas, Texas.

DEAL STATS #
Overall 24 of 29
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 4 of 5
State (Texas) 12 of 13
Country (United States) 24 of 29
Year (2012) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-19 Vision Source

Kingwood, Texas, United States

Vision Source is an independent optometric franchising organization in North America, with a network of over 2,300 franchises across all 50 U.S. states and Canada, comprising more than 4,500 optometrists. The company offers its members attractive purchasing power, professional and staff development, and practice management assistance while allowing optometrists to maintain independence. Vision Source is led by an experienced management team that has grown revenue and earnings every year since beginning operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Winebow

Glen Allen, Virginia, United States

Winebow is an independent importer and distributor of fine wine and craft spirits. The company imports a diversified portfolio of 167 quality brands from 118 global suppliers and serves over 175 distributors that deliver fine wines to retailers and restaurants across all 50 states. Winebow was formed in 1980 and is based in Glen Allen, New Jersey.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 123 of 209
Sector (Business Services) 8 of 14
Type (Secondary Buyout) 29 of 55
State (Texas) 3 of 6
Country (United States) 48 of 76
Year (2012) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 CCS cards

Czech Republic

CCS cards Ltd. provides fuel charge card issuer in the Czech Republic

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 Five Below

Philadelphia, Pennsylvania, United States

Five Below is a retailer of extreme-value merchandise, all priced between $1.00 and $5.00, to the teen and preteen market. Five Below was founded in 2002 and is based in Philadelphia, Pennsylvania.

Sell -
Mergr

Product

Company

Legal