Chicago Growth Partners Mergers and Acquisitions Summary

Private Equity Profile

Chicago Growth Partners’ most common sectors for investment are business services (18%) and education (12%). The Firm’s most common investment types include recapitalization (35%) and venture (23%). In total, Chicago Growth Partners has invested in 14 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired Paramount Services for $66M.

In the last 3 years, Chicago Growth Partners has exited 3 companies. The Firm’s most common exit type is trade sale (44%). Chicago Growth Partners’ largest (disclosed) exit occurred in 2010 when it sold TargeGen for $635M.

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M&A Summary

  • M&A Total Activity64
    • M&A Buy Activity35
    • M&A Sell Activity29
  • Total Sectors Invested 16
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 28
  • M&A Advisors 2

Chicago Growth Partners LLC

222 West Merchandise Mart Plaza, Suite 1212,
Chicago, Illinois 60606
United States,
(312)698-6300
www.cgp.com
info@cgp.com

Chicago Growth Partners LLC (CGP) was a Chicago-based based private equity firm that provided expansion and buyout capital to middle-market companies generating sales of $15 to $150 million. CGP sought to invest in business services, consumer services, healthcare products/services, and industrial companies. CGP was formed in 2004 as a spin-off of William Blair Capital Partners, the investment group of investment bank William Blair. In 2014, the Firm ceased operations.


Investment Criteria

Sectors of Interest: Automotive, Building Materials, Business Services, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Energy Services and Equipment, Engineering, Environmental, Financial Services, Healthcare Services, Information Technology, Life Science, Machinery, Manufacturing, Marketing, Medical Products, Plastics, Software, Staffing, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 15 150
Target EBITDA - -
Investment Size 15 75
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) # 34 - - - - - 34
vol $161M $161M
Sell (1.4/yr) # 23 3 3 1 - - 30
vol $2.0B $2.0B
  64

Most Recent M&A

Company Date Value Type
Teaching Strategies LLC 2018-05-15 - Secondary Buyout
Bethesda, Maryland · www.teachingstrategies.com
WorkWave LLC 2017-11-08 - Add-on Acquisition
Neptune, New Jersey · www.workwave.com
2Checkout, Inc. 2017-04-03 - Add-on Acquisition
Columbus, Ohio · www.2checkout.com
ScribeAmerica LLC 2017-01-09 - Consolidation
Aventura, Florida · www.scribeamerica.com
FineLine Technologies, Inc. 2016-11-16 - Recapitalization
Norcross, Georgia · www.finelinetech.com
Caprion Biosciences, Inc. 2016-07-20 - Secondary Buyout
Montreal, Quebec · www.caprion.com
Anajet LLC 2016-01-08 - Add-on Acquisition
Costa Mesa, California · www.anajet.com
ScribeAmerica LLC 2014-10-24 - Recapitalization
Aventura, Florida · www.scribeamerica.com
SchoolMessenger 2014-04-14 - Add-on Acquisition
Los Gatos, California · www.schoolmessenger.com
The Plastics Group, Inc. 2014-03-03 - Growth Capital
Willowbrook, Illinois · www.theplasticsgroup.net
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Business Services 3 (25%) - 6 (17%) -
Life Science - - 4 (11%) 27M (17%)
Education 2 (17%) - 4 (11%) -
Medical Products 2 (17%) 25M (27%) 3 (9%) 25M (16%)
Information Technology - - 3 (9%) -
Internet Software and Services - - 3 (9%) -
Staffing - - 2 (6%) 26M (16%)
Healthcare Services 1 (8%) - 2 (6%) 17M (11%)
Construction 1 (8%) 66M (73%) 1 (3%) 66M (41%)
Apparel/Textiles 1 (8%) - 1 (3%) -
Environmental 1 (8%) - 1 (3%) -
Metals/Mining 1 (8%) - 1 (3%) -
Plastics - - 1 (3%) -
Software - - 1 (3%) -
Technology Hardware - - 1 (3%) -
Test/Measurement Equipment - - 1 (3%) -
Total 12 $91M 35 $161M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 12 (100%) 91M (100%) 34 (97%) 161M (100%)
  California 2 (17%) - 10 (29%) 44M (28%)
  Illinois 3 (25%) - 5 (14%) -
  Virginia 2 (17%) 66M (73%) 3 (9%) 66M (41%)
  Pennsylvania 1 (8%) - 3 (9%) 26M (16%)
  Washington 1 (8%) - 2 (6%) -
  Georgia 1 (8%) - 2 (6%) -
  Maryland - - 2 (6%) -
  Colorado 1 (8%) 25M (27%) 1 (3%) 25M (16%)
  Wisconsin 1 (8%) - 1 (3%) -
  Texas - - 1 (3%) -
  Ohio - - 1 (3%) -
  New Jersey - - 1 (3%) -
  Nevada - - 1 (3%) -
  Florida - - 1 (3%) -
Canada - - 1 (3%) -
  Quebec - - 1 (3%) -
Domestic 12 (100%) 91M (100%) 34 (97%) 161M (100%)
Cross-border - - 1 (3%) -
Total 12 $91M 35 $161M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Recapitalization 5 (42%) 66M (73%) 12 (34%) 66M (41%)
Venture 2 (17%) 25M (27%) 8 (23%) 69M (43%)
Buyout (LBO, MBO, MBI) 1 (8%) - 5 (14%) 26M (16%)
Growth Capital 1 (8%) - 4 (11%) -
Secondary Buyout 2 (17%) - 4 (11%) -
Acquisition Financing - - 1 (3%) -
Divestiture 1 (8%) - 1 (3%) -
Total 12 $91M 35 $161M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 10 (33%) 2.0B (100%)
Secondary Sale 7 (23%) -
Trade Sale 6 (20%) -
IPO 3 (10%) -
Bankruptcy 1 (3%) -
Divestiture 1 (3%) -
Recapitalization 1 (3%) -
Sold to Management 1 (3%) -
Total 30 $2.0B

Top M&A Advisors

Financial Deals
Gridley & Company LLC
1
BDA Advisors Inc.
1

Deal Values

buy # Total
< $100M 5 $161M
TOTAL $161M
Largest Paramount Services, Inc.
$66M (2006-09-07)
sell # Total
$100M to $1B 5 $1.9B
< $100M 2 $84M
TOTAL $2.0B
Largest TargeGen, Inc.
$635M (2010-06-30)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
9 100%
Exited to
PE Firm(s)
46%
12 46%
Strategic(s)
54%
14 54%