M&A Deal Summary

CIVC Partners Acquires LendCare

On January 2, 2017, private equity firm CIVC Partners acquired financial services company LendCare

Acquisition Highlights
  • This is CIVC Partners’ 10th transaction in the Financial Services sector.
  • This is CIVC Partners’ 1st transaction in Canada.
  • This is CIVC Partners’ 1st transaction in Ontario.
Investment Fate
  • LendCare was sold to a publicly-traded strategic buyer in 2021 for 320M USD.

M&A Deal Summary
Date 2017-01-02
Target LendCare
Sector Financial Services
Buyer(s) CIVC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

LendCare

Pickering, Ontario, Canada
website
LendCare is a Canadian point-of-sale consumer finance and technology company, which enables 3,000 businesses to increase their revenue by providing full credit spectrum financing at the point-of-sale. LendCare is headquartered in Pickering, Ontario.

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Buyer(S) 1

Buyer

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 54 of 76
Sector (Financial Services) 10 of 10
Type (Buyout (LBO, MBO, MBI)) 29 of 32
State (Ontario) 1 of 3
Country (Canada) 1 of 3
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Icon Identity Solutions

Elk Grove Village, Illinois, United States

Icon Identity Solutions, Inc. is a manufacturer of custom corporate branding and identity solutions encompassing all facets of exterior signage, repair and maintenance and renovation services for blue-chip customers across multiple end markets. Icon’s three manufacturing facilities and extensive network of installation and maintenance technicians allows the company to serve large, nationwide customers in a timely and consistent fashion. Icon’s products and services are provided across three business segments: branding services & products (manufacturing and installation of both exterior and select interior signage), repair & maintenance (preventative maintenance, on-call repair, lighting retrofits and related services for exterior signage and lighting) and remodel & renovation services (in-store renovation/remodel of a customer’s store locations, providing project management and oversight of specialized sub-contractors).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Medical Knowledge Group

New York, New York, United States

Medical Knowledge Group address the business needs of biopharmaceutical companies through the provision of network-mapping analytics, patient-finding analytics, and multi-channel marketing solutions. Medical Knowledge Group was formed in 2004 and is based in New York.

Sell -
Mergr

Product

Company

Legal