M&A Deal Summary

GI Partners, Celerity Partners and LNC Partners Acquire Vitalyst

On September 1, 2005, private equity firms GI Partners, Celerity Partners and LNC Partners acquired information technology company Vitalyst

Acquisition Highlights
  • This is GI Partners’ 2nd, Celerity Partners’ 2nd and LNC Partners’ 1st transaction in the Information Technology sector.
  • This is GI Partners’ 2nd, Celerity Partners’ 9th and LNC Partners’ 16th transaction in the United States.
  • This is GI Partners’ 1st, Celerity Partners’ 1st and LNC Partners’ 2nd transaction in Pennsylvania.
Investment Fate
  • Vitalyst was sold to a consortium of financial buyers in 2012.
  • Vitalyst was sold to a strategic buyer in 2022 for 50M USD.

M&A Deal Summary

Date 2005-09-01
Target Vitalyst
Sector Information Technology
Buyer(s) GI Partners
Celerity Partners
LNC Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Vitalyst

Bala Cynwyd, Pennsylvania, United States
website
Vitalyst is a provider of remote, desktop application software support services for Fortune 1000 Companies. The Company works in partnership with clients' IT departments as both a Help Desk support enhancement as well as a remote training department for desktop application software. Vitalyst was founded in 1992 and is based in Bala Cynwyd, Pennsylvania.

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Buyer(S) 3

Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 2 of 58
Sector (Information Technology) 2 of 15
Type (Buyout (LBO, MBO, MBI)) 1 of 17
State (Pennsylvania) 1 of 4
Country (United States) 2 of 46
Year (2005) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-29 Digital Realty Trust

Austin, Texas, United States

Digital Realty Trust is a provider of data center and colocation solutions. Digital Realty Trust is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Cambian Group

London, United Kingdom

Cambian Group is a provider of specialist residential care, rehabilitation and education services for children and adults with complex needs resulting from mental illness or autistic spectrum disorders. Cambian was formed in 2003 and is based in London.

Buy -
Buyer

Celerity Partners

Los Angeles, California, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Celerity Partners is a private equity firm that has invested equity capital in the change of control transactions of private companies. Celerity Partners typically partner with business owners to provide liquidity to entrepreneur and family-owned businesses, recapitalize existing owners of independent companies or facilitate corporate divestitures. Celerity Partners will consider investment opportunities across a wide range of industries in Healthcare, Contract Manufacturing, Energy Services, Infrastructure, and Environmental Services, and Transportation & Logistics. Celerity Partners was formed in 1995 and has offices in Los Angeles and Menlo Park.


DEAL STATS #
Overall 9 of 26
Sector (Information Technology) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 13
State (Pennsylvania) 1 of 1
Country (United States) 9 of 25
Year (2005) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-12 Ortho Organizers

Carlsbad, California, United States

Ortho Organizers is a full-line manufacturer and distributor of orthodontics products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-06 Cogeco Peer 1

Toronto, Ontario, Canada

Cogeco Peer 1, Inc. is a provider of outsourced Internet infrastructure in the form of colocation and related managed services to enterprise customers in the US, and to a lesser extent, in Canada.

Buy -
Buyer
DESCRIPTION

LNC Partners is a private investment firm focused on providing $10 to $30 million of equity and junior capital to support a variety of company transactions. As a provider of debt, LNC offers subordinated debt and unitranche securities. As a provider of equity, LNC will invest as a minority or majority partner. Prospective transaction situations include buyouts, refinancings, acquisition financings, growth capital needs, and recapitalizations. Sectors of interest include business and information services, financial services, insurance, healthcare, and niche manufacturing. LNC Partners is based in Reston, Virginia.


DEAL STATS #
Overall 16 of 42
Sector (Information Technology) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 8
State (Pennsylvania) 2 of 6
Country (United States) 16 of 42
Year (2005) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 Norwesco

Saint Bonifacius, Minnesota, United States

Norwesco, Inc. is a manufacturer of polyethylene tanks. Norwesco designs, manufactures, and markets a broad assortment of polyethylene tanks primarily to the agricultural and septic tank markets.

Buy $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-16 LVI Services

New York City, New York, United States

LVI Services, Inc. is a provider of cost-effective, schedule-efficient, high quality environmental remediation and facility services.

Sell -