Penn Venture Partners Mergers and Acquisitions Summary

Venture Capital Firm Profile

Penn Venture Partners’ most common sectors for investment arelife science (34%) and e-commerce (17%) . The Firm’s most common investment types include stake purchase (34%) and venture (34%). In total, Penn Venture Partners has invested in 1 US state. Its largest (disclosed) acquisition occurred in 2008 when it acquired Thermacore for $13M.

The Firm’s most common exit type is trade sale (34%).

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M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity6
    • M&A Sell Activity3
  • Total Sectors Invested 5
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Penn Venture Partners LP

132 State Street, Suite 200,
Harrisburg, Pennsylvania 17101
United States
(717) 236-2300
www.pennventures.com
dmkline@pennventures.com

Penn Venture Partners is a private investment firm that seeks growth capital investments in small companies located in central Pennsylvania. Penn looks to invest between $500,000 and $2 million in established companies that are at or near profitability and that have a net worth no greater than $6 million. The Firm's investment horizon is two to five years. Penn Venture will consider investments in a broad range of industries ranging from manufacturing to technology. Penn Venture Partners is based in Harrisburg, Pennsylvania.


Investment Criteria

Sectors of Interest: Agriculture, Business Services, Communications, Consumer Products, Distribution, Education, Energy Services and Equipment, Environmental, Healthcare Services, Information Technology, Leisure, Life Science, Manufacturing, Marketing, Oil/Gas Exploration, Publishing, Renewable Energy, Retail, Safety/Security

Target Transaction Types: Growth Capital, Stake Purchase, Venture

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

Transaction Criteria Min Max
Target Revenue 1 25
Target EBITDA - -
Investment Size 1 2
Enterprise Value - 2
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $13M $13M
Sell (0.0/yr) # 3 - - - - - 3
  9

Most Recent M&A

Company Date Value Type
Thermacore, Inc. 2014-12-16 - Secondary Sale
Lancaster, Pennsylvania · www.thermacore.com
eTravCo, Inc. 2010-08-29 - Bankruptcy
State College, Pennsylvania · www.e-travco.com
Benten BioServices, Inc. 2009-12-22 - Stake Purchase
Malvern, Pennsylvania · www.bentenbio.com
Benten BioServices, Inc. 2009-12-10 - Trade Sale
Malvern, Pennsylvania · www.bentenbio.com
eTravCo, Inc. 2009-08-03 - Recapitalization
State College, Pennsylvania · www.e-travco.com
Probity Medical Transcription, Inc. 2009-04-15 - Venture
Camp Hill, Pennsylvania · www.probitymt.com
Thermacore, Inc. 2008-07-09 13M USD Buyout (LBO, MBO, MBI)
Lancaster, Pennsylvania · www.thermacore.com
F Group Nano LLC 2008-06-09 - Venture
Bellefonte, Pennsylvania · www.nanohorizons.com
CyberPatrol LLC 2008-04-03 - Stake Purchase
Enola, Pennsylvania · www.cyberpatrol.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Life Science - - 2 (33%) -
Manufacturing - - 1 (17%) 13M (100%)
E-Commerce - - 1 (17%) -
Information Technology - - 1 (17%) -
Software - - 1 (17%) -
Total - - 6 $13M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States - - 6 (100%) 13M (100%)
  Pennsylvania - - 6 (100%) 13M (100%)
Total - - 6 $13M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Stake Purchase - - 2 (33%) -
Venture - - 2 (33%) -
Buyout (LBO, MBO, MBI) - - 1 (17%) 13M (100%)
Recapitalization - - 1 (17%) -
Total - - 6 $13M

Exits by Deal Type

Type Total # Value
Bankruptcy 1 (33%) -
Secondary Sale 1 (33%) -
Trade Sale 1 (33%) -
Total 3 -

Deal Values

buy # Total
< $100M 1 $13M
TOTAL $13M
Largest Thermacore, Inc.
$13M (2008-07-09)

M&A Connections

Deals
Exited to
Investor(s)
33%
1 (33%)
Strategic(s)
33%
1 (33%)

Investor Summary

Investor Type

Venture Capital Firm

Size

Small

Established

2003

Specialist/Generalist

Generalist

FAQ

When was Penn Venture Partners LP founded?

Penn Venture Partners LP was founded in 2003.

What type of investor is Penn Venture Partners LP?

Penn Venture Partners LP is a venture capital firm.

Where is Penn Venture Partners LP headquartered?

Penn Venture Partners LP is headquartered in Harrisburg, Pennsylvania.

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