First Analysis Mergers and Acquisitions Summary

Venture Capital Firm Profile

In the last 3 years, First Analysis has invested in 2 companies.

First Analysis’ most common sectors for investment areinformation technology (20%) and software (20%) . The Firm’s most common investment types include venture (50%) and growth capital (24%). In total, First Analysis has invested in 24 US states and 4 different countries.

In the last 3 years, First Analysis has exited 10 companies. The Firm’s most common exit type is trade sale (72%). First Analysis’ largest (disclosed) exit occurred in 2005 when it sold Lake Region Medical for $1.3B.

Join Mergr to view First Analysis’ full profile and discover more middle-market venture capital firm investors just like it.

M&A Summary

  • M&A Total Activity131
    • M&A Buy Activity60
    • M&A Sell Activity71
  • Total Sectors Invested 19
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 81

First Analysis

One South Wacker Drive, Suite 3900,
Chicago, Illinois 60606
United States
(312) 258-1400
www.firstanalysis.com
onicklin@firstanalysis.com

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


Investment Criteria

Sectors of Interest: Beverages, Business Services, Chemicals, Communications, Construction, Consumer Products, Consumer Services, E-Commerce, Education, Electrical Equipment, Energy Services and Equipment, Environmental, Financial Services, Food, Healthcare Services, Information Technology, Insurance, Internet Software and Services, Life Science, Manufacturing, Marketing, Medical Products, Metals/Mining, Renewable Energy, Software, Staffing, Technology Hardware, Test/Measurement Equipment

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 3 10
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 56 2 1 1 - - 60
Sell (2.2/yr) # 60 1 5 2 3 - 71
vol $7.0B $15M $7.0B
  131

Most Recent M&A

Company Date Value Type
Fleetworthy Solutions, Inc. 2023-11-28 - Trade Sale
Madison, Wisconsin · www.fleetworthy.com
S&W Payroll Services LLC 2023-06-07 - Secondary Sale
Covington, Louisiana · www.netchex.com
Mediant Communications LLC 2023-03-01 - Trade Sale
New York, New York · www.mediant.com
Gyrodata, Inc. 2022-10-26 - Trade Sale
Houston, Texas · www.gyrodata.com
Insellerate LLC 2022-02-15 - Growth Capital
Newport Beach, California · www.insellerate.com
Aventri, Inc. 2022-01-10 - Merger
Norwalk, Connecticut · www.aventri.com
SmartWitness Holdings, Inc. 2021-10-26 - Trade Sale
Schaumburg, Illinois · www.smartwitness.com
Lender Price 2021-10-12 - Growth Capital
Pasadena, California · www.lenderprice.com
Achilles Information Ltd. 2021-09-15 - Secondary Sale
Abingdon, United Kingdom · www.achilles.com
Waggl, Inc. 2021-07-14 - Trade Sale
Sausalito, California · www.waggl.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
QPS Holdings LLC 2008-03-03 QPS Neuro 2023-11-30 1
Newark, Delaware · www.qps.com Grambach, Austria · www.qpsneuro.com
QPS Holdings LLC 2008-03-03 Development Center - Center of Toxicology & Preclinical Sciences 2011-02-14 5
Newark, Delaware · www.qps.com New Taipei City, Taiwan

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 2 (13%) - 12 (20%) -
Software 3 (19%) - 12 (20%) -
Internet Software and Services 4 (25%) - 9 (15%) -
Medical Products 2 (13%) - 7 (12%) -
Financial Services - - 3 (5%) -
Life Science 2 (13%) - 3 (5%) -
Business Services - - 2 (3%) -
Chemicals - - 1 (2%) -
Digital Media 1 (6%) - 1 (2%) -
Education - - 1 (2%) -
Electrical Equipment - - 1 (2%) -
Electronics - - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Environmental - - 1 (2%) -
Food - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Machinery - - 1 (2%) -
Marketing 1 (6%) - 1 (2%) -
Utilities 1 (6%) - 1 (2%) -
Total 16 - 60 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 15 (94%) - 57 (95%) -
  California 3 (19%) - 11 (18%) -
  Illinois 2 (13%) - 7 (12%) -
  Massachusetts 2 (13%) - 4 (7%) -
  Ohio 2 (13%) - 3 (5%) -
  New Jersey - - 3 (5%) -
  Minnesota - - 3 (5%) -
  New York - - 3 (5%) -
  Florida 1 (6%) - 2 (3%) -
  Georgia - - 2 (3%) -
  Connecticut - - 2 (3%) -
  Washington - - 2 (3%) -
  Texas - - 2 (3%) -
  Pennsylvania - - 2 (3%) -
  Iowa 1 (6%) - 1 (2%) -
  Indiana 1 (6%) - 1 (2%) -
  Idaho 1 (6%) - 1 (2%) -
  Delaware 1 (6%) - 1 (2%) -
  Oregon 1 (6%) - 1 (2%) -
  Michigan - - 1 (2%) -
  Louisiana - - 1 (2%) -
  Colorado - - 1 (2%) -
  Wisconsin - - 1 (2%) -
  Virginia - - 1 (2%) -
  Utah - - 1 (2%) -
Ireland 1 (6%) - 1 (2%) -
United Kingdom - - 1 (2%) -
Canada - - 1 (2%) -
  Quebec - - 1 (2%) -
Domestic 15 (94%) - 57 (95%) -
Cross-border 1 (6%) - 3 (5%) -
Total 16 - 60 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Venture 8 (50%) - 30 (50%) -
Growth Capital 7 (44%) - 14 (23%) -
Buyout (LBO, MBO, MBI) 1 (6%) - 11 (18%) -
Stake Purchase - - 2 (3%) -
Divestiture - - 1 (2%) -
PIPE - - 1 (2%) -
Secondary Buyout - - 1 (2%) -
Total 16 - 60 -

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 36 (51%) 2.4B (37%)
Trade Sale 17 (24%) 1.1B (17%)
Secondary Sale 10 (14%) 1.9B (29%)
Merger 4 (6%) 1.0B (16%)
IPO 3 (4%) -
Stake Sale 1 (1%) 87M (1%)
Total 71 $6.4B

Deal Values

sell # Total
> $1B 3 $3.3B
$100M to $1B 10 $3.4B
< $100M 9 $338M
TOTAL $7.0B
Largest Lake Region Medical, Inc.
$1.3B (2005-11-22)

M&A Connections

Deals
Acquired from
Investor(s)
2%
1 (2%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
14%
10 (14%)
Strategic(s)
76%
54 (76%)

FAQ

When was First Analysis founded?

First Analysis was founded in 1981.

What type of investor is First Analysis?

First Analysis is a venture capital firm.

Where is First Analysis headquartered?

First Analysis is headquartered in Chicago, Illinois.

How much capital does First Analysis have under management?

First Analysis has 800M USD under management.

 Subscribe to unlock this and 199,587
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 190K M&A Transactions
  • 195K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.