Prospect Capital Management Mergers and Acquisitions Summary

Business Development Company Profile

In the last 3 years, Prospect Capital Management has acquired 1 company.

Prospect Capital Management’s most common sectors for investment areenergy services and equipment (14%) and consumer products (10%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (49%) and secondary buyout (24%). In total, Prospect Capital Management has invested in 29 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired The TriZetto Group for $1.4B.

In the last 3 years, Prospect Capital Management has exited 1 company. The Firm’s most common exit type is secondary buyout (48%). Prospect Capital Management’s largest (disclosed) exit occurred in 2014 when it sold The TriZetto Group for $2.7B.

Join Mergr to view Prospect Capital Management’s full profile and discover more middle-market business development company investors just like it.

M&A Summary

  • M&A Total Activity132
    • M&A Buy Activity86
    • M&A Sell Activity46
  • Total Sectors Invested 33
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 64
  • M&A Advisors 5

Prospect Capital Management

10 East 40th Street, 42th Floor,
New York, New York 10016
United States
(212) 792-2095
www.prospectstreet.com
investorrelations@prospectstreet.com

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.


Investment Criteria

Sectors of Interest: Aerospace, Chemicals, Communications, Electrical Equipment, Energy Services and Equipment, Engineering, Financial Services, Food, Healthcare Services, Insurance, Life Science, Machinery, Manufacturing, Marine, Metals/Mining, Oil/Gas Exploration, Staffing, Transportation, Utilities

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Acquisition Financing, PIPE

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 50
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.2/yr) # 85 - - - 1 - 86
vol $3.6B $3.6B
Sell (0.2/yr) # 45 - - - 1 - 46
vol $8.2B $250M $8.4B
  132

Most Recent M&A

Company Date Value Type
Targus Group International, Inc. 2022-10-19 250M USD Add-on Acquisition
Anaheim, California · www.targus.com
Magnate Worldwide 2022-01-03 - Secondary Buyout
Portland, Oregon · www.magnateworldwide.com
ST Products LLC 2018-11-16 - Add-on Acquisition
Duncansville, Pennsylvania · www.smalltubeproducts.com
FLEETWASH, Inc. 2018-10-02 - Secondary Buyout
Fairfield, New Jersey · www.fleetwash.com
Jordan Health Services 2018-04-10 - Merger
Addison, Texas · www.jhsi.com
Prince Mineral Co. Inc. 2018-03-29 - Secondary Buyout
New York, New York · www.princecorp.com
CCPI, Inc. 2018-02-28 43M USD Trade Sale - Public Company
Blanchester, Ohio
Hudson Products Corp. 2017-09-21 410M USD Add-on Acquisition
Beasley, Texas · www.hudsonproducts.com
Arctic Glacier, Inc. 2017-03-20 - Secondary Buyout
Winnipeg, Manitoba · www.arcticglacierinc.com
Empire Today LLC 2016-11-17 - Secondary Buyout
Northlake, Illinois · www.empiretoday.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Shearer's Foods, Inc. 2012-11-02 Lance Private Brands - Snyder’s-Lance 2014-05-07 2
Massillon, Ohio · www.shearers.com Burlington, Iowa
Shearer's Foods, Inc. 2012-11-02 Medallion Foods, Inc. 2014-04-17 1
Massillon, Ohio · www.shearers.com Tacoma, Washington · www.medallionfoods.com

M&A by Sector

Sector Current # Value All-time # Value
Energy Services and Equipment 2 (17%) 105M (16%) 12 (14%) 105M (3%)
Consumer Products - - 8 (9%) -
Oil/Gas Exploration 1 (8%) - 6 (7%) -
Healthcare Services 1 (8%) - 5 (6%) -
Manufacturing - - 5 (6%) -
Chemicals - - 4 (5%) 74M (2%)
Machinery - - 4 (5%) -
Metals/Mining 1 (8%) - 4 (5%) -
Food 1 (8%) 500M (77%) 3 (3%) 500M (14%)
Business Services 1 (8%) - 3 (3%) 89M (2%)
Transportation 1 (8%) - 3 (3%) -
Software - - 2 (2%) 1.4B (39%)
Internet Software and Services - - 2 (2%) 717M (20%)
Financial Services 1 (8%) 44M (7%) 2 (2%) 44M (1%)
Construction 1 (8%) - 2 (2%) -
Consumer Services - - 2 (2%) -
Media - - 2 (2%) -
Staffing - - 2 (2%) -
Retail - - 1 (1%) 395M (11%)
Apparel/Textiles - - 1 (1%) 288M (8%)
Automotive - - 1 (1%) -
Beverages - - 1 (1%) -
Building Materials - - 1 (1%) -
Distribution - - 1 (1%) -
Education - - 1 (1%) -
Electrical Equipment - - 1 (1%) -
Franchising 1 (8%) - 1 (1%) -
Information Services 1 (8%) - 1 (1%) -
Insurance - - 1 (1%) -
Life Science - - 1 (1%) -
Medical Products - - 1 (1%) -
Restaurants - - 1 (1%) -
Test/Measurement Equipment - - 1 (1%) -
Total 12 $649M 86 $3.6B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 11 (92%) 649M (100%) 83 (97%) 3.6B (100%)
  Texas - - 14 (16%) -
  Pennsylvania 1 (8%) - 7 (8%) 395M (11%)
  Ohio 2 (17%) 500M (77%) 6 (7%) 788M (22%)
  California - - 6 (7%) 717M (20%)
  New York - - 5 (6%) -
  Oklahoma 2 (17%) 105M (16%) 4 (5%) 105M (3%)
  Illinois - - 4 (5%) -
  Utah 1 (8%) - 3 (3%) 74M (2%)
  South Carolina 1 (8%) 44M (7%) 3 (3%) 44M (1%)
  Massachusetts - - 3 (3%) -
  Georgia - - 3 (3%) -
  Oregon 1 (8%) - 2 (2%) 89M (2%)
  Louisiana 1 (8%) - 2 (2%) -
  Indiana 1 (8%) - 2 (2%) -
  Colorado - - 2 (2%) 1.4B (39%)
  Michigan - - 2 (2%) -
  Florida - - 2 (2%) -
  Arizona - - 2 (2%) -
  Washington 1 (8%) - 1 (1%) -
  Alabama - - 1 (1%) -
  Wisconsin - - 1 (1%) -
  West Virginia - - 1 (1%) -
  Tennessee - - 1 (1%) -
  North Carolina - - 1 (1%) -
  New Jersey - - 1 (1%) -
  New Hampshire - - 1 (1%) -
  Missouri - - 1 (1%) -
  Minnesota - - 1 (1%) -
  Kansas - - 1 (1%) -
Canada - - 2 (2%) -
  Manitoba - - 1 (1%) -
  Alberta - - 1 (1%) -
Puerto Rico 1 (8%) - 1 (1%) -
Domestic 11 (92%) 649M (100%) 83 (97%) 3.6B (100%)
Cross-border 1 (8%) - 3 (3%) -
Total 12 $649M 86 $3.6B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (58%) 44M (7%) 42 (49%) 118M (3%)
Secondary Buyout 4 (33%) 605M (93%) 20 (23%) 605M (17%)
Recapitalization 1 (8%) - 8 (9%) 288M (8%)
Going Private - - 5 (6%) 2.5B (70%)
Stake Purchase - - 4 (5%) -
Divestiture - - 2 (2%) 89M (2%)
Growth Capital - - 2 (2%) -
Acquisition Financing - - 1 (1%) -
Consolidation - - 1 (1%) -
Special Situations/Distressed - - 1 (1%) -
Total 12 $649M 86 $3.6B

Exits by Deal Type

Type Total # Value
Secondary Sale 23 (50%) 500M (7%)
Trade Sale - Public Company 12 (26%) 6.7B (93%)
Trade Sale 7 (15%) -
Bankruptcy 2 (4%) -
IPO 1 (2%) -
Merger 1 (2%) -
Total 46 $7.2B

Top M&A Advisors

Financial Deals
Morgan Stanley
1
Centerview Partners LLC
1
Barclays Investment Bank
1
Legal Deals
Mason Hayes & Curran
1
Ropes & Gray LLP
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 5 $2.0B
< $100M 3 $207M
TOTAL $3.6B
Largest The TriZetto Group, Inc.
$1.4B (2008-04-11)
sell # Total
> $1B 3 $5.1B
$100M to $1B 8 $3.2B
< $100M 2 $141M
TOTAL $8.4B
Largest The TriZetto Group, Inc.
$2.7B (2014-09-15)

M&A Connections

Deals
Acquired from
Investor(s)
22%
19 (22%)
Strategic(s)
1%
1 (1%)
Exited to
Investor(s)
48%
22 (48%)
Strategic(s)
39%
18 (39%)

 Subscribe to unlock this and 187,340
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.4K Private Equity Firms
  • 178K M&A Transactions
  • 183K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 68K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.