M&A Deal Summary

NexPhase Capital, Paladin Capital Group and Manulife Investment Management Acquire CyberCore Technologies

On July 11, 2011, private equity firm NexPhase Capital, growth capital firm Paladin Capital Group and mezzanine finance firm Manulife Investment Management acquired information technology company CyberCore Technologies from Roark Capital Group

Acquisition Highlights
  • This is NexPhase Capital’s 2nd, Paladin Capital Group’s 9th and Manulife Investment Management’s 1st transaction in the Information Technology sector.
  • This is NexPhase Capital’s 9th, Paladin Capital Group’s 38th and Manulife Investment Management’s 8th transaction in the United States.
  • This is NexPhase Capital’s 2nd, Paladin Capital Group’s 2nd and Manulife Investment Management’s 1st transaction in Maryland.
Investment Fate
  • CyberCore Technologies was sold to a consortium of financial buyers in 2017.
  • CyberCore Technologies was sold to a publicly-traded strategic buyer in 2024.

M&A Deal Summary

Date 2011-07-11
Target CyberCore Technologies
Sector Information Technology
Buyer(s) NexPhase Capital
Paladin Capital Group
Manulife Investment Management
Sellers(s) Roark Capital Group
Deal Type Secondary Buyout

Target

CyberCore Technologies

Elkridge, Maryland, United States
CyberCore Technologies is a provider of information technology services to a variety of federal government agencies with a focus on intelligence and security. CyberCore Technologies was founded in 2000 and is based in Elkridge, Maryland.

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Buyer(S) 3

Buyer

NexPhase Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NexPhase Capital is the private equity investment arm of investment bank Moelis & Company. The firm targets growth equity and control buyouts requiring equity investments of $40 to 225 million. NexPhase Capital has particular interest in the business services, consumer and retail, financial services, healthcare services, industrial and telecom industries. NexPhase Capital was formed in 2007 and is based in New York, New York.


DEAL STATS #
Overall 9 of 44
Sector: Information Technology M&A 2 of 2
Type: Secondary Buyout M&A Deals 4 of 12
State: Maryland M&A 2 of 4
Country: United States M&A 9 of 42
Year: 2011 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-22 North American Partners in Anesthesia

Melville, New York, United States

North American Partners in Anesthesia is a single specialty anesthesia and perioperative management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. North American Partners in Anesthesia was founded in 1986 and is based in Melville, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 Uintah Engineering & Land Surveying

Vernal, Utah, United States

Uintah Engineering & Land Surveying is a provider of land surveying, drafting and civil engineering services for the oil and gas industry in the U.S. Uintah Engineering & Land Surveying was founded in 1964 and is based in Vernal, Utah.

Buy -
Buyer

Paladin Capital Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Paladin Capital Group is a growth capital firm focused on early and expansion stage businesses related to homeland security, defense, and business continuity. Specific areas of interest include identity management, antimicrobial solutions, mesh networks, IT services, data storage, business process software, network management software and detection, biometrics, and protective equipment. Paladin Capital Group was formed in 2001 and is headquartered in Washington DC.


DEAL STATS #
Overall 39 of 62
Sector: Information Technology M&A 9 of 15
Type: Secondary Buyout M&A Deals 1 of 1
State: Maryland M&A 2 of 2
Country: United States M&A 38 of 55
Year: 2011 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-03 Crossbow Technology

Milpitas, California, United States

Crossbow Technology, Inc. is an end-to-end solutions supplier in wireless sensor networks and the manufacturer of Smart Dust wireless sensors. Crossbow is at the forefront of creating and deploying smaller, smarter, wireless sensing devices and mesh networking platforms for large-scale defense, environmental, agricultural, industrial monitoring and control, building automation, security and asset tracking applications. Crossbow is a supplier of inertial sensor systems for aviation, land and marine applications and other instrumentation sensors.

Sell $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Newlans

Acton, Massachusetts, United States

Newlans provides WiSP, an analog wideband signal processing architecture for RF semiconductor applications. Its WiSP analog signal processor enables programmable analog computing within RF signal processing. The company’s WiSP analog signal processor is used in circuit applications, such as communications circuits, including channel filters, delay lines, equalizers, amplifiers, direct IF transmitters, and modulators/demodulators; and individual components, including broadband integration, attenuation, and summation circuits. Newlans is based in Acton, Massachusetts.

Buy -
Buyer

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.


DEAL STATS #
Overall 9 of 26
Sector: Information Technology M&A 1 of 3
Type: Secondary Buyout M&A Deals 2 of 6
State: Maryland M&A 1 of 1
Country: United States M&A 8 of 24
Year: 2011 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-02 Old World Industries

Northbrook, Illinois, United States

Old World Industries, LLC is a manufacturer of automotive aftermarket products and industrial chemicals. The Company manufacturers and markets automotive anti‐freeze and windshield wash fluid, and also produces ethylene oxide and ethylene glycol, as well as deicing fluids used by airports.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Industrial Container Services

Montebello, California, United States

Industrial Container Services is a provider of reusable container solutions in the United States, providing new and reconditioned steel, plastic, and fiber drums. With 49 facilities across the United States and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually and is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally. Industrial Container Services is based in Montebello, California.

Buy -

Seller(S) 1

SELLER

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 19
Sector: Information Technology M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 5
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 18
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-05 Inspire Brands

Atlanta, Georgia, United States

Inspire Brands is a global owner, operator, and franchisor of a portfolio of restaurant brands that includes more than 4,500 Arby’s, Buffalo Wild Wings, and R Taco locations. Inspire Brands was founded in 1964 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Peachtree Business Products

Marietta, Georgia, United States

Peachtree Business Products is a multi-channel direct marketer and distributor of customizable, consumable business supplies and soft capital products to small business owners within a variety of end markets including residential property management, commercial parking management, healthcare, funeral home and church. Peachtree Business Products is based in Marietta, Georgia.

Sell -