Investment Summary

Teleo Capital Exits Rand McNally

On November 10, 2020, private equity firm Teleo Capital invested in information technology company Rand McNally from Patriarch Partners

Investment Highlights
  • This is Teleo Capital’s 2nd transaction in the Information Technology sector.
  • This is Teleo Capital’s 4th transaction in the United States.
  • This is Teleo Capital’s 1st transaction in Illinois.

Investment Summary
Date 2020-11-10
Target Rand McNally
Sector Information Technology
Investor(s) Teleo Capital
Sellers(s) Patriarch Partners
Deal Type Secondary Buyout
Advisor(s) Latham & Watkins (Legal)

Target

Rand McNally

Chicago, Illinois, United States
Rand McNally provides fleet management and commercial transportation solutions, connected vehicle technology, and consumer travel and education products. Rand McNally was founded in 1856 and is based in Chicago, Illinois.

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Investor(S) 1

Investor

Teleo Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Teleo Capital is a lower middle-market private equity firm focused on US-based corporate carve outs with underutilized assets and recurring revenue. Sectors of interest include software/technology, healthcare IT, business services, and industrials. The Firm will consider businesses with up to $100 million in revenue where it can commit up to $50 million of equity. Teleo Capital was formed in 2018 and is headquartered in El Segundo, California.

DEAL STATS #
Overall 4 of 9
Sector (Information Technology) 2 of 3
Type (Secondary Buyout) 1 of 1
State (Illinois) 1 of 1
Country (United States) 4 of 8
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-24 Industrial Defender

Foxborough, Massachusetts, United States

Industrial Defende provides a fully automated solution to discover, track and report on assets across your ICS footprint. Industrial Defender ASM is a management platform designed to address the overlapping requirements of cybersecurity, compliance, and change management for Industrial Control Systems (ICS). A “single pane of glass” that provides asset visibility, vulnerability monitoring, tracking, configuration, policy control, and reporting for industrial endpoints from multiple vendors. Industrial Defender is based in Foxborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Teesnap

Las Vegas, Nevada, United States

Teesnap provides a cloud-based software solution that helps golf course operators create a better customer experience and drive improved decision-making through big data and smarter business intelligence. The comprehensive SaaS platform provides real-time tee time scheduling, mobility-enabled point-of-sale, pricing optimization, inventory management, intelligent marketing and business reporting. Teesnap is based in Las Vegas, Nevada.

Buy -

Seller(S) 1

SELLER

Patriarch Partners

New York, New York, United States

Investor

Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Patriarch Partners is an operationally focused private investment firm focused on acquiring and turning around troubled companies. The Firm will consider opportunities throughout the US and does not have any stated investment preferences. Patriarch Partners was established in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 8 of 12
Sector (Information Technology) 2 of 2
Type (Secondary Buyout) 3 of 5
State (Illinois) 1 of 1
Country (United States) 8 of 12
Year (2020) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-04 Gorham Paper and Tissue

Gorham, New Hampshire, United States

Gorham targets niche technical markets with a broad portfolio of custom-engineered products including high-quality Specialty Packaging, Converting, Engineered and Printing Papers, Tissue, and Towel. Gorham Paper and Tissue is based in Gorham, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Hussey Copper

Leetsdale, Pennsylvania, United States

Hussey Copper is a manufacturer of copper bus bars and other copper products in the United States. With a fully integrated mill, the company provides a wide range of flat-rolled copper products for the electrical distribution, industrial and residential construction markets. Through its locations in Leetsdale, PA, and Eminence, KY, Hussey is vertically integrated to capitalize on the trend towards outsourced fabrication. As a fully integrated producer, Hussey manufactures its products by melting and casting its copper to provide the finished product or component part. Hussey produces a wide range of copper and, to a lesser extent, copper-nickel products. Hussey Copper was founded in 1848 and is based in Leetsdale, Pennsylvania.

Sell -
Mergr

Product

Company

Legal