M&A Deal Summary |
|
|---|---|
| Date | 2002-01-01 |
| Target | Phoenix Scientific |
| Sector | Manufacturing |
| Buyer(s) |
Crescent Capital Group
Ridgemont Equity Partners Leonard Green & Partners |
| Deal Type | Buyout (LBO, MBO, MBI) |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 65 |
| Sector (Manufacturing) | 2 of 6 |
| Type (Buyout (LBO, MBO, MBI)) | 12 of 20 |
| State (Iowa) | 1 of 2 |
| Country (United States) | 17 of 52 |
| Year (2002) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-01-01 |
Collegiate Funding Services
Fredericksburg, Virginia, United States Collegiate Funding Services, Inc., an integrated education finance company, engages in originating, financing, marketing, and servicing education loans in the United States. It assists consumers in financing and refinancing in the areas of undergraduate, graduate, professional, career, and continuing education training. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-02-01 |
Sweetheart Cup
Owings Mills, Maryland, United States Sweetheart Cup is a manufacturer and supplier of single-service foodservice and beverage-related products in paper, plastic, and foam. Sweetheart has three separate business units: Foodservice, Packaging, and Consumer. Foodservice provides products to independent and large national chain restaurants, schools, business and industry foodservice locations, hospitals, lodging, and recreation facilities. Packaging offers a variety of paper and plastic containers for cultured and dairy products. Consumer products, packaged in retail packs, are marketed for at-home consumption in both Sweetheart and private-label brands sold by leading retailers. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $250 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 132 |
| Sector (Manufacturing) | 2 of 4 |
| Type (Buyout (LBO, MBO, MBI)) | 18 of 58 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 30 of 117 |
| Year (2002) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-01-01 |
PrairieWave Communications
Sioux Falls, South Dakota, United States PrairieWave Communications, Inc., a broadband overbuilder, provides telecommunications services in rural South Dakota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-02-05 |
Kerrville Communications
Irving, Texas, United States The largest independent provider of rural local exchange services in the state of Texas. BACI provided subordinated debt and equity financing to sponsor a recapitalization transaction of this formerly family owned business. The company was acquired by Valor Telecommunications, LLC in 2002. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 99 |
| Sector (Manufacturing) | 1 of 2 |
| Type (Buyout (LBO, MBO, MBI)) | 4 of 11 |
| State (Iowa) | 1 of 2 |
| Country (United States) | 8 of 91 |
| Year (2002) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2001-10-01 |
MEMC Electronic Materials
St. Peters, Missouri, United States MEMC Electronic Materials, Inc. engages in the design, manufacture, and sale of wafers for semiconductor device and solar cell (device) manufacturers. MEMC provides wafers in sizes ranging from 100 millimeters (4 inch) to 300 millimeters (12 inch). It also sells intermediate products such as polysilicon, silane gas, partial ingots and scrap wafers to semiconductor device and equipment makers, solar customers, flat panel and other industries. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-01-10 |
VCA
Los Angeles, California, United States VCA, Inc. is an animal healthcare company operating in the United States and Canada. VCA provides veterinary services and diagnostic testing to support veterinary care, sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market and provide various communication, marketing solutions and other services to the veterinary community. VCA provides pharmaceutical products and performs a variety of pet wellness programs including health examinations, diagnostic testing, routine vaccinations, spaying, neutering and dental care. VCA, Inc. was formed in 1986 and is based in Los Angeles, California. |
Sell | - |
