M&A Deal Summary

Camden Partners and Beringea Acquire Ranir

On March 24, 2008, growth capital firm Camden Partners and private equity firm Beringea acquired consumer services company Ranir from Linden Capital Partners for 10M USD

Acquisition Highlights
  • This is Camden Partners’ 1st and Beringea’s 2nd transaction in the Consumer Services sector.
  • This is Camden Partners’ 2nd and Beringea’s 3rd largest (disclosed) transaction.
  • This is Camden Partners’ 10th and Beringea’s 2nd transaction in the United States.
  • This is Camden Partners’ 1st and Beringea’s 2nd transaction in Michigan.
Investment Fate
  • Ranir was sold to a publicly-traded strategic buyer in 2019 for 750M USD.

M&A Deal Summary

Date 2008-03-24
Target Ranir
Sector Consumer Services
Buyer(s) Camden Partners
Beringea
Sellers(s) Linden Capital Partners
Deal Type Secondary Buyout
Deal Value 10M USD

Target

Ranir

Grand Rapids, Michigan, United States
Ranir LLC is a manufacturer of private label consumer oral and personal care products, including power and manual toothbrushes, teeth whiteners, dental floss and flossers, interdental devices, travel accessories and more. Ranir LLC was founded in 1979 and is based in Grand Rapids, Michigan.

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Buyer(S) 2

Buyer

Camden Partners

Owings Mill, Maryland, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1995
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 11 of 38
Sector: Consumer Services M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 10 of 37
Year: 2008 M&A 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 American Public Education

Charles Town, West Virginia, United States

American Public Education is an education services provider that offers respected, innovative, and affordable educational programs and services. American Public Education was founded in 1991 and is based in Charlestown, West Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-16 IncentOne

Newport Beach, California, United States

IncentOne provides technology-driven incentive solutions used by healthcare clients to drive healthcare cost reductions. IncentOne is based in Newport Beach, California.

Buy -
Buyer

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 8 of 103
Sector: Consumer Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 4
State: Michigan M&A 2 of 20
Country: United States M&A 2 of 39
Year: 2008 M&A 1 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-10 Donatantonio

Borehamwood, United Kingdom

Donatantonio Ltd. is an importer and distributor of Mediterranean products to food manufacturers, retailers, wholesalers, and restaurants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-02 Exonar

Reading, United Kingdom

Exonar is a data discovery software to protect and power organizations and the people they serve. Exonar specializes in next-generation data loss prevention (DLP). Exonar was founded in 2007 and is based in Reading, England.

Buy -

Seller(S) 1

SELLER

Linden Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Linden LLC is a private equity firm that invests in businesses involved in the healthcare and life science sectors. However, the firm also executes any size private equity transaction between $10 million to $2 billion through the firm's alliance with Madison Dearborn Partners. Linden is not a venture capital investor. The firm specializes in investments in non-core businesses owned by large corporations, as well as traditional management buyouts of independent companies. Linden LLC was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 27
Sector: Consumer Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 9
State: Michigan M&A 1 of 1
Country: United States M&A 6 of 27
Year: 2008 M&A 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 BarrierSafe Solutions International

Lake Forest, Illinois, United States

BarrierSafe Solutions International is a provider of barrier protection and infection control products. BarrierSafe owns the FoodHandler and Microflex brands and primarily sells disposable gloves to non-acute markets including foodservice, dental, laboratory, industrial and automotive. BarrierSafe Solutions International is based in Lake Forest, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-31 Drayer Physical Therapy Institute

Hummelstown, Pennsylvania, United States

Drayer Physical Therapy Institute is a operator of outpatient physical therapy clinics primarily focused on treating sports-related injuries and orthopedic disorders. The company operates 40 clinics, serving more than 30,000 patients annually. Drayer?s strategy is to operate its own clinics as well as to manage clinics owned by orthopedic physician groups. Drayer participates in a market that is gaining increasing awareness and acceptance among the provider and payor communities as physical therapy provides beneficial clinical outcomes at a fraction of the cost of surgeries or other diagnostic procedures. The company currently has owned and managed clinics in Pennsylvania, Kentucky, Maryland, New Jersey, New York, Georgia, and South Carolina.

Buy -