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M&A Deal Summary

Foresight Private Equity Acquires DataPath

On October 3, 2007, private equity firm Foresight Private Equity acquired technology hardware company DataPath from Banyan Investment Partners and Triangle Capital

Acquisition Highlights
  • This is Foresight Private Equity’s 1st transaction in the Technology Hardware sector.
  • This is Foresight Private Equity’s 2nd transaction in the United States.
  • This is Foresight Private Equity’s 1st transaction in Georgia.
Investment Fate
  • DataPath was sold to a publicly-traded strategic buyer in 2009 for 130M USD.
  • DataPath was divested to a consortium of buyers in 2014.
  • DataPath was sold to a publicly-traded strategic buyer in 2023.

M&A Deal Summary
Date 2007-10-03
Target DataPath
Sector Technology Hardware
Buyer(s) Foresight Private Equity
Sellers(s) Banyan Investment Partners
Triangle Capital
Deal Type Secondary Buyout

Target

DataPath

Duluth, Georgia, United States
DataPath is a designer, integrates, manages and deploys satellite communication systems for military and commercial customers. Solutions include multi-band SATCOM terminals, network control software to manage and control communication networks, and global field support services. DataPath was established in 1982 and is based in Duluth, Georgia.

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Buyer(S) 1

Buyer

Foresight Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)

DEAL STATS #
Overall 11 of 208
Sector: Technology Hardware M&A 1 of 5
Type: Secondary Buyout M&A Deals 1 of 3
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2007 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-02 Oasis Dental Care

Bristol, United Kingdom

Oasis Dental Care is a national dentistry group serving a strong mix of NHS, private and specialist patients. Oasis Dental Care has over 200 practices and 850 dentists. The company offers the full range of general and specialist dentistry, serving both the NHS and the private market. Oasis Dental Care was founded in 1996 and is based in Bristol, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-08 Datapath

Derby, United Kingdom

Datapath is a manufacturer of graphics cards and video capture hardware. Datapath provides multi-screen control solutions for applications including control rooms, financial dealing rooms, CCTV, distance learning, digital signage, and video conferencing. Datapath was founded in 1982 and is based in Derby, United Kingdom.

Buy -

Seller(S) 2

SELLER

Banyan Investment Partners

Miami, Florida, United States

Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.

DEAL STATS #
Overall 3 of 22
Sector: Technology Hardware M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 7
State: Georgia M&A 1 of 5
Country: United States M&A 3 of 22
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Pipeline Transportation

Jacksonville, Florida, United States

Pipeline Transportation is a provider of petroleum transportation, fuel inventory management and other fuel supply services. The Company currently services Florida and parts of Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Monomer Polymer and Dajac Laboratories

Ambler, Pennsylvania, United States

Monomer Polymer and Dajac Laboratories, Inc. is specialized in monomer and polymer research and manufacturing for over 50 years, resulting in an extensive portfolio of highly technical monomers and related polymers and copolymers. Monomer Polymer and Dajac Laboratories was founded in 1978 and is based in Ambler, Pennsylvania.

Buy -
SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 2 of 72
Sector: Technology Hardware M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 27
State: Georgia M&A 2 of 5
Country: United States M&A 2 of 71
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-11 CyrusOne

Dallas, Texas, United States

CyrusOne is a global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. TCyrusOne was founded in 2001 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 ReNew Life Formulas

Palm Harbor, Florida, United States

ReNew Life Formulas, Inc. is a natural digestive care company. ReNew Life a major brand in dietary health, with an emphasis on digestive health. Renew Life is the No. 1 brand of probiotics in the natural channel,1 with a steadily growing share in the food, drug, and mass channel.

Buy -
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