Investment Summary

Exits VeriFone Systems

On April 29, 2005, invested in information technology company VeriFone Systems from Crescent Capital Group and GTCR

Investment Highlights
  • This is transaction in the Information Technology sector.
  • This is transaction in the United States.
  • This is transaction in California.
Investment Fate
  • VeriFone Systems was sold to a financial buyer in 2018 for 3.4B USD.

Investment Summary

Date 2005-04-29
Target VeriFone Systems
Sector Information Technology
Sellers(s) Crescent Capital Group
GTCR
Deal Type IPO

Target

VeriFone Systems

San Jose, California, United States
website
Entrance to VeriFone's corporate headquarters in San Jose, California.
Entrance to VeriFone's corporate headquarters in San Jose, California.
VeriFone Systems, Inc. is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone Systems, Inc. is headquartered in San Jose, California.

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Seller(S) 2

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 8 of 46
Sector (Information Technology) 1 of 4
Type (IPO) 3 of 8
State (California) 3 of 6
Country (United States) 7 of 39
Year (2005) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-12 Lincoln Industrial

St. Louis, Missouri, United States

Lincoln Industrial Corp. manufactures and distributes lubrication and pumping systems. The company offers railroad lubrications, fittings and installation components, hose reels, grease guns, and fluid controls and systems. Additionally, it provides control valves and meters, and lubrication pumps such as air operated ejectors, thermal pressure devices, and pressure primers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-03 24 Hour Fitness

San Ramon, California, United States

24 Hour Fitness is a health club provider, involved in helping members change their lives and reach their individual fitness goals. 24 Hour Fitness offers fitness solutions for everyone including personal training services, group exercise classes and strength, cardio and functional training equipment.

Sell -
SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 81
Sector (Information Technology) 3 of 8
Type (IPO) 4 of 13
State (California) 1 of 8
Country (United States) 14 of 78
Year (2005) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-05 Capella Healthcare

Franklin, Tennessee, United States

Capella Healthcare is a provider of healthcare services. Capella Healthcare is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-11 H-Cube

New York, New York, United States

H-Cube is , a U.S.-based leader in high quality business process outsourcing ('BPO') services, and Global Realty Outsourcing Inc. ('GRO'), a leading real estate outsourcing partner to the commercial and residential real estate and financial services markets.

Buy -