Perseus Mergers and Acquisitions Summary

Merchant Bank Profile

Perseus’ most common sectors for investment areelectrical equipment (18%) and automotive (15%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (43%) and venture (29%). In total, Perseus has invested in 11 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2005 when it acquired Haggar Clothing for $212M.

The Firm’s most common exit type is trade sale (71%). Perseus’ largest (disclosed) exit occurred in 2004 when it sold ILEX Oncology for $1.0B.

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M&A Summary

  • M&A Total Activity59
    • M&A Buy Activity28
    • M&A Sell Activity31
  • Total Sectors Invested 14
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 30

Perseus LLC

2099 Pennsylvania Avenue, NW, 9th Floor,
Washington, District of Columbia 20006
United States
www.perseusllc.com
info@perseusllc.com

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.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Automotive, Business Services, Communications, Consumer Products, Electrical Equipment, Electronics, Energy Services and Equipment, Environmental, Healthcare Services, Information Technology, Life Science, Manufacturing, Medical Products, Oil/Gas Exploration, Publishing, Renewable Energy, Software, Technology Hardware

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Recapitalization, Secondary Buyout, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Nordic

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 28 - - - - - 28
vol $495M $495M
Sell (0.0/yr) # 31 - - - - - 31
vol $2.4B $2.4B
  59

Most Recent M&A

Company Date Value Type
Haggar Clothing Co. 2019-05-07 - Trade Sale
Farmers Branch, Texas · www.haggar.com
Lumexis Corp. 2014-01-01 - Unknown
Irvine, California · www.lumexis.com
Mobility Ventures LLC 2013-09-05 - Trade Sale
Miami, Florida · www.vpgautos.com
WorkflowOne LLC 2013-08-01 218M USD Trade Sale
Dayton, Ohio · www.workflowone.com
Cymbet Corp. 2013-04-01 - Recapitalization
Elk River, Minnesota · www.cymbet.com
Baumot AG 2013-03-01 - Trade Sale
Opfikon, Switzerland · www.baumot.ch
Raleigh Cycle Limited 2012-04-26 100M USD Trade Sale
Kent, Washington · www.raleighbikes.com
Baumot Group AG 2012-03-26 - Buyout (LBO, MBO, MBI)
Konigswinter, Germany · www.baumot.de
SoftSwitching Technologies Corp. 2012-03-12 - Trade Sale
Middleton, Wisconsin · www.softswitch.com
Evergreen Solar, Inc. 2011-08-15 - Bankruptcy
Marlboro, Massachusetts · www.evergreensolar.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Electrical Equipment - - 5 (18%) 13M (3%)
Automotive - - 4 (14%) 160M (32%)
Information Technology - - 3 (11%) -
Life Science - - 3 (11%) -
Apparel/Textiles - - 2 (7%) 212M (43%)
Communications - - 2 (7%) 110M (22%)
Energy Services and Equipment - - 2 (7%) -
Business Services - - 1 (4%) -
Consumer Products - - 1 (4%) -
Medical Products - - 1 (4%) -
Real Estate - - 1 (4%) -
Renewable Energy - - 1 (4%) -
Test/Measurement Equipment - - 1 (4%) -
Utilities - - 1 (4%) -
Total - - 28 $495M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States - - 23 (82%) 495M (100%)
  Texas - - 5 (18%) 212M (43%)
  Massachusetts - - 4 (14%) -
  California - - 4 (14%) -
  Florida - - 2 (7%) 270M (55%)
  Wisconsin - - 2 (7%) -
  Connecticut - - 1 (4%) 13M (3%)
  Washington - - 1 (4%) -
  Pennsylvania - - 1 (4%) -
  Ohio - - 1 (4%) -
  Minnesota - - 1 (4%) -
  Michigan - - 1 (4%) -
Canada - - 2 (7%) -
  British Columbia - - 2 (7%) -
Germany - - 2 (7%) -
Switzerland - - 1 (4%) -
Domestic - - 23 (82%) 495M (100%)
Cross-border - - 5 (18%) -
Total - - 28 $495M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 12 (43%) 160M (32%)
Venture - - 8 (29%) -
Going Private - - 2 (7%) 225M (45%)
Stake Purchase - - 2 (7%) -
Secondary Buyout - - 1 (4%) 110M (22%)
Divestiture - - 1 (4%) -
Growth Capital - - 1 (4%) -
Recapitalization - - 1 (4%) -
Total - - 28 $495M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 11 (35%) 2.3B (100%)
Trade Sale 11 (35%) -
IPO 4 (13%) -
Bankruptcy 2 (6%) -
Recapitalization 1 (3%) -
Secondary Sale 1 (3%) -
Unknown 1 (3%) -
Total 31 $2.3B

Deal Values

buy # Total
$100M to $1B 3 $482M
< $100M 1 $13M
TOTAL $495M
Largest Haggar Clothing Co.
$212M (2005-09-01)
sell # Total
> $1B 1 $1.0B
$100M to $1B 3 $1.1B
< $100M 4 $212M
TOTAL $2.4B
Largest ILEX Oncology, Inc.
$1.0B (2004-12-21)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Strategic(s)
4%
1 (4%)
Exited to
Investor(s)
3%
1 (3%)
Strategic(s)
71%
22 (71%)

Investor Summary

Investor Type

Merchant Bank

Size

Large

PE Assets

2.0B USD

Established

1995

Specialist/Generalist

Generalist

FAQ

When was Perseus LLC founded?

Perseus LLC was founded in 1995.

What type of investor is Perseus LLC?

Perseus LLC is a merchant bank.

Where is Perseus LLC headquartered?

Perseus LLC is headquartered in Washington, District of Columbia.

How much capital does Perseus LLC have under management?

Perseus LLC has 2.0B USD under management.

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