M&A Deal Summary |
|
|---|---|
| Date | 2021-08-16 |
| Target | Crane 1 |
| Sector | Machinery |
| Buyer(s) | L Squared Capital Partners |
| Sellers(s) | Pfingsten Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Piper Sandler & Co. (Financial) Katten Muchin Rosenman (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 550M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $20 to $125 million in revenue. The Firm looks to commit $50 to $125 million per transaction and will consider opportunities throughout North America. Sectors of interest include tech-enabled services, industrial technology, and education. L Squared Capital was established in 2014 and is headquartered in Newport Beach, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 16 |
| Sector (Machinery) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 5 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 10 of 16 |
| Year (2021) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-09 |
Kanopy
San Francisco, California, United States Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy was founded in 2008 and is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-08 |
Sterling Trading Tech
Chicago, Illinois, United States Sterling Trading Tech is a solutions provider for active and professional traders as well as hedge funds and prop trading groups. Sterling provides fast, stable, state-of-the-art products and services to the active trading community. Sterling Trading Tech was established in 2009 and is based in Chicago, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 39 |
| Sector (Machinery) | 6 of 6 |
| Type (Secondary Buyout) | 14 of 16 |
| State (Ohio) | 7 of 8 |
| Country (United States) | 34 of 39 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-15 |
Omega Systems
Reading, Pennsylvania, United States Omega Systems is a managed service provider (MSP) and managed security service provider (MSSP) to mid-market organizations in the financial services, government, manufacturing, professional services, and education industries. Omega Systems is based in Reading, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-13 |
Burton Mill Solutions
Woodland, Washington, United States Burton Mill Solutions is a manufacturer and distributor of consumable products and equipment to saw mills and wood product manufacturers. Burton Mill Solutions was established in 1903 and is based in Springfield, Oregon. |
Sell | - |
