Investment Summary

Exits Cetero Research Solutions

On March 26, 2012, invested in life science company Cetero Research Solutions from Summit Partners and KRG Capital Partners

Investment Highlights
  • This is transaction in the Life Science sector.
  • This is transaction in the United States.
  • This is transaction in North Carolina.

Investment Summary

Date 2012-03-26
Target Cetero Research Solutions
Sector Life Science
Sellers(s) Summit Partners
KRG Capital Partners
Deal Type Bankruptcy

Target

Cetero Research Solutions

Cary, North Carolina, United States
website
Contract Research Solutions (CRS) was formed to acquire leading Phase I contract research organizations (“CRO’s”). The first acquisition of CRS, PRACS Institute, is headquartered in Fargo, North Dakota and is serving the pharmaceutical, biotechnology and skin care industries including the leading generic and innovative pharmaceutical companies with full service on-site clinical, bioanalytical and data management capabilities.

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Seller(S) 2

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 161 of 272
Sector (Life Science) 4 of 7
Type (Bankruptcy) 2 of 5
State (North Carolina) 1 of 3
Country (United States) 154 of 238
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-14 MACOM Technology Solutions

Lowell, Massachusetts, United States

MACOM Technology Solutions is a supplier of RF, microwave, and millimeter wave products which enable Internet and modern battlefield applications. Specialized in broad catalog portfolio of technologies and products, MACOM serves diverse markets, including CATV, wireless and optical communications infrastructure, satellite, radar, automotive, industrial, medical, and mobile devices. MACOM Technology Solutions was founded in 1950 and is based in Lowell, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-27 Wowza Media Systems

Golden, Colorado, United States

Wowza Media Systems develops high-performance media server software that enables service providers, media properties, enterprises, and other organizations to deliver video and other rich media content to any digital device, including computer, mobile or TV. Wowza Media Systems was formed in 2007 and is based in Evergreen, Colorado.

Buy -
SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 25 of 41
Sector (Life Science) 1 of 1
Type (Bankruptcy) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 25 of 40
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-19 Ansira

St. Louis, Missouri, United States

Ansira is a data-driven, technology-enabled marketing solutions provider, specializing in the integration of local and national marketing programs. Ansira was founded in 1919 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-25 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Buy -