PennantPark Investment Advisers Mergers and Acquisitions Summary

Lender Profile

In the last 3 years, PennantPark Investment Advisers has acquired 2 companies. It has also invested in 1 other.

PennantPark Investment Advisers’ most common sectors for investment aremanufacturing (14%) and marketing (14%) . The Firm’s most common investment types include secondary buyout (41%) and buyout (lbo, mbo, mbi) (23%). In total, PennantPark Investment Advisers has invested in 16 US states. Its largest (disclosed) acquisition occurred in 2011 when it acquired LegalShield for $650M.

The Firm’s most common exit type is secondary buyout (71%). PennantPark Investment Advisers’ largest (disclosed) exit occurred in 2015 when it sold Boyd for $557M.

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M&A Summary

  • M&A Total Activity39
    • M&A Buy Activity22
    • M&A Sell Activity17
  • Total Sectors Invested 16
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 19

PennantPark Investment Advisers, LLC

1350 Avenue of the Americas, 32nd Floor,
New York, New York 10022
United States
www.pennantpark.com

PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Distribution, Electrical Equipment, Healthcare Services, Information Technology, Manufacturing, Marketing, Retail, Safety/Security

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 10 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 19 - 1 1 - 1 22
vol $1.3B $1.3B
Sell (0.0/yr) # 17 - - - - - 17
vol $857M $857M
  39

Most Recent M&A

Company Date Value Type
Mission Microwave Technologies LLC 2024-03-14 - Buyout (LBO, MBO, MBI)
Cypress, California · www.missionmicrowave.com
Cartessa Aesthetics LLC 2022-06-27 - Growth Capital
Melville, New York · www.cartessaaesthetics.com
Gen3 Marketing LLC 2021-09-21 - Secondary Buyout
Blue Bell, Pennsylvania · www.gen3marketing.com
CINgroup, Inc. 2019-03-01 - Trade Sale
Dayton, Ohio · www.cingroup.com
Integrative Nutrition LLC 2018-10-03 - Growth Capital
New York, New York · www.integrativenutrition.com
RotoMetrics 2018-06-05 - Unknown
Eureka, Missouri · www.rotometrics.com
Vibrantz Technologies, Inc. 2018-03-29 - Secondary Sale
Houston, Texas · www.vibrantz.com
LegalShield 2018-02-27 - Secondary Sale
Ada, Oklahoma · www.legalshield.com
Convergint Technologies LLC 2018-02-02 - Secondary Sale
Schaumburg, Illinois · www.convergint.com
Galls LLC 2018-02-01 - Secondary Sale
Lexington, Kentucky · www.galls.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing - - 3 (14%) 231M (18%)
Marketing 1 (20%) - 3 (14%) -
Distribution - - 2 (9%) 163M (13%)
Information Technology - - 2 (9%) -
Business Services - - 1 (5%) 650M (50%)
Electrical Equipment - - 1 (5%) 258M (20%)
Chemicals - - 1 (5%) -
Consumer Products - - 1 (5%) -
Education 1 (20%) - 1 (5%) -
Environmental 1 (20%) - 1 (5%) -
Healthcare Services - - 1 (5%) -
Medical Products 1 (20%) - 1 (5%) -
Retail - - 1 (5%) -
Safety/Security - - 1 (5%) -
Semiconductors 1 (20%) - 1 (5%) -
Software - - 1 (5%) -
Total 5 - 22 $1.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) - 22 (100%) 1.3B (100%)
  California 1 (20%) - 4 (18%) -
  New York 2 (40%) - 3 (14%) -
  Illinois - - 2 (9%) 231M (18%)
  Washington 1 (20%) - 1 (5%) -
  Pennsylvania 1 (20%) - 1 (5%) -
  Oklahoma - - 1 (5%) 650M (50%)
  Wisconsin - - 1 (5%) 258M (20%)
  Kentucky - - 1 (5%) 163M (13%)
  Arkansas - - 1 (5%) -
  Alabama - - 1 (5%) -
  Virginia - - 1 (5%) -
  Texas - - 1 (5%) -
  Ohio - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Missouri - - 1 (5%) -
  Georgia - - 1 (5%) -
Total 5 - 22 $1.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 2 (40%) - 9 (41%) -
Buyout (LBO, MBO, MBI) 1 (20%) - 5 (23%) -
Divestiture - - 3 (14%) 652M (50%)
Growth Capital 2 (40%) - 2 (9%) -
Recapitalization - - 2 (9%) -
Going Private - - 1 (5%) 650M (50%)
Total 5 - 22 $1.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (71%) 557M (65%)
IPO 2 (12%) -
Trade Sale - Public Company 1 (6%) 300M (35%)
Trade Sale 1 (6%) -
Unknown 1 (6%) -
Total 17 $857M

Deal Values

buy # Total
$100M to $1B 4 $1.3B
TOTAL $1.3B
Largest LegalShield
$650M (2011-06-30)
sell # Total
$100M to $1B 2 $857M
TOTAL $857M
Largest Boyd Corp.
$557M (2015-04-02)

M&A Connections

Deals
Acquired from
Investor(s)
45%
10 (45%)
Strategic(s)
9%
2 (9%)
Exited to
Investor(s)
71%
12 (71%)
Strategic(s)
12%
2 (12%)

Investor Summary

Investor Type

Lender

Size

Mega

PE Assets

6.4B USD

Established

2007

Specialist/Generalist

Generalist

Leadership

Arthur Penn

Founder & Managing Partner

Andrew Tuite

Managing Director

Eric Leeds

Managing Director

James Heyer

Managing Director

John Skvarla

Managing Director

FAQ

When was PennantPark Investment Advisers, LLC founded?

PennantPark Investment Advisers, LLC was founded in 2007.

What type of investor is PennantPark Investment Advisers, LLC?

PennantPark Investment Advisers, LLC is a lender.

Where is PennantPark Investment Advisers, LLC headquartered?

PennantPark Investment Advisers, LLC is headquartered in New York, New York.

How much capital does PennantPark Investment Advisers, LLC have under management?

PennantPark Investment Advisers, LLC has 6.4B USD under management.

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