M&A Deal Summary

Perseus Acquires Mobility Ventures

On August 11, 2008, merchant bank Perseus acquired automotive company Mobility Ventures for 160M USD

Acquisition Highlights
  • This is Perseus’ 2nd transaction in the Automotive sector.
  • This is Perseus’ 2nd largest (disclosed) transaction.
  • This is Perseus’ 20th transaction in the United States.
  • This is Perseus’ 2nd transaction in Florida.
Investment Fate
  • Mobility Ventures was sold to a strategic buyer in 2013.

M&A Deal Summary
Date 2008-08-11
Target Mobility Ventures
Sector Automotive
Buyer(s) Perseus
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 160M USD

Target

Mobility Ventures

Miami, Florida, United States
website
Mobility Ventures LLC is a designer, developer, and marketer of specialty vehicles designed to meet the needs of the commercial and municipal paratransit markets, taxi fleet market, and the consumer retail market for mobility-impaired individuals in North America.

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Buyer(S) 1

Buyer

Perseus

Washington, District of Columbia, United States

website

Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.

DEAL STATS #
Overall 23 of 28
Sector (Automotive) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Florida) 2 of 2
Country (United States) 20 of 23
Year (2008) 4 of 5
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-05 FC Global Realty

Willow Grove, Pennsylvania, United States

FC Global Realty focused on real estate development and asset management, concentrating primarily on investments in and the management and development of income-producing real estate assets. FC Global’s objective is to generate current income and long-term net asset value growth using institutional best practices in evaluating its investments. FC Global Realty was founded in 1980 and is headquartered in Willow Grove, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-22 Westport

Vancouver, British Columbia, Canada

Westport is a provider of advanced natural gas engines and vehicles. Westport Innovations develops technologies to allow commercial fleet engines to use clean-burning fuels, such as liquefied and compressed natural gas, hydrogen, and hydrogen-enriched compressed natural gas. Westport was founded in 1995 and is based in Vancouver, Canada.

Sell -
Mergr

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