Investment Summary

Periscope Equity and Avante Capital Partners Invest In Power Digital

On January 31, 2019, private equity firm Periscope Equity and mezzanine finance firm Avante Capital Partners invested in marketing company Power Digital

Investment Highlights
  • This is Periscope Equity’s 2nd and Avante Capital Partners’ 1st transaction in the Marketing sector.
  • This is Periscope Equity’s 6th and Avante Capital Partners’ 26th transaction in the United States.
  • This is Periscope Equity’s 2nd and Avante Capital Partners’ 6th transaction in California.
Investment Fate
  • Power Digital was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2019-01-31
Target Power Digital
Sector Marketing
Investor(s) Periscope Equity
Avante Capital Partners
Deal Type Growth Capital
Advisor(s) New Century Capital Partners (Financial)

Target

Power Digital

San Diego, California, United States
Power Digital is a data-driven digital marketing agency, that offers services including: SEO, Content, Paid Media, Organic and Paid Social Media, PR, Influencer, Email, Conversion Rate Optimization, Migration, Amazon Marketing and Web Development, with an emphasis in helping brands scale revenue and increase profits through customer acquisition and retention programs. Power Digital was founded in 2012 and is based in San Diego, California.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

DESCRIPTION

Periscope Equity is a private equity firm focused on acquiring lower middle-market tech-enabled business services companies. Periscope pursues companies valued up to $40 million with $10 to $100 million in revenue. Specific areas of interest include healthcare services, marketing services, business process outsourcing, SaaS, and security services. Periscope Equity was formed in 2012 and is based in Chicago, Illinois.


DEAL STATS #
Overall 6 of 16
Sector: Marketing M&A 2 of 2
Type: Growth Capital M&A Deals 4 of 8
State: California M&A 2 of 2
Country: United States M&A 6 of 16
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-10 Inflexxion

Newton, Massachusetts, United States

Inflexxion, Inc. is a healthcare information provider with proprietary SaaS products. The company gathers patient data at addiction, behavioral health and chronic pain treatment centers to produce patient analytics, which provides critical information on drug product usage and risks to its pharmaceutical clients. Inflexxion was founded in 1989 and is based in Newton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-21 Mobile Solutions

Centennial, Colorado, United States

Mobile Solutions is a SaaS company that provides full life-cycle Managed Mobility Services including procurement, staging and kitting, real-time expense management, business analytics, and reporting, account optimization. Mobile Solutions was founded in 2008 and is based in Centennial, Colorado.

Buy -
Investor

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 26 of 50
Sector: Marketing M&A 1 of 2
Type: Growth Capital M&A Deals 5 of 18
State: California M&A 6 of 9
Country: United States M&A 26 of 50
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-06 VistaApex Solutions

Racine, Wisconsin, United States

VistaApex Solutions is a manufacturer of dental and endodontic product solutions, small equipment, and ancillary consumable products. VistaApex Solutions was founded in 1997 and is based in Racine, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Therapy Partners Group

Bolingbrook, Illinois, United States

Therapy Partners Group is a provider of outpatient physical therapy services across the Midwest and Western U.S. TPG brands focus on healing, enhancing mobility, improving function, preventing disability, and building strength. In addition to traditional physical therapy services, TPG brands also provide aquatic therapy and anti-gravity treadmill training. Therapy Partners Group is based in Bolingbrook, Illinois.

Buy -