M&A Deal Summary

Svoboda Capital Partners, Frontenac, Lake Capital and One Equity Partners Acquires Nth Degree

On April 19, 2001, private equity firms Svoboda Capital Partners, LLC, Frontenac, Lake Capital and One Equity Partners acquired business services company Nth Degree, Inc. for 150M USD

Acquisition Highlights
  • This is Svoboda Capital Partners’ 1st, Frontenac’s 4th, Lake Capital’s 2nd and One Equity Partners’ 1st transaction in the Business Services sector.
  • This is Svoboda Capital Partners’ 1st, Frontenac’s 1st, Lake Capital’s 1st and One Equity Partners’ 11th largest (disclosed) transaction.
  • This is Svoboda Capital Partners’ 12th, Frontenac’s 24th, Lake Capital’s 7th and One Equity Partners’ 3rd transaction in the United States.
  • This is Svoboda Capital Partners’ 1st, Frontenac’s 1st, Lake Capital’s 1st and One Equity Partners’ 1st transaction in Georgia.
Investment Fate
  • Nth Degree was sold to a consortium of financial buyers in 2012.
  • Nth Degree was sold to a consortium of financial buyers in 2015.
  • Nth Degree was sold to a financial buyer in 2019.

M&A Deal Summary

Date 2001-04-19
Target Nth Degree, Inc.
Sector Business Services
Buyer(s) Svoboda Capital Partners, LLC
Frontenac
Lake Capital
One Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 150M USD

Target

Nth Degree, Inc.

Duluth, Georgia, United States
website
Nth Degree is a provider of exhibit management and event services. Nth Degree provides highly-specialized installation and dismantle services for trade shows and also serves as an experiential marketing and management agency. The Company provides its services to blue-chip customers around the world at over 13,000 event and trade show projects annually.

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Buyer(S) 4

Buyer

Svoboda Capital Partners, LLC

Chicago, Illinois, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 400M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Svoboda Capital Partners is a private equity firm that seeks buyout, recapitalization, and growth capital investments in mid-sized companies with leading market positions, strong customer relationships, and high margins. Svoboda generally looks to invest up to $25 million in businesses generating sales of $10 to $100 million and EBITDA of $3 to $15 million. Sectors of interest include value-added distribution, business services, and consumer products. Svoboda Capital Partners was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 12 of 40
Sector (Business Services) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 4 of 15
State (Georgia) 1 of 2
Country (United States) 12 of 40
Year (2001) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-10-01 World Data Products, Inc.

Plymouth, Minnesota, United States

World Data Products, Inc. provides new, used, and refurbished mid-range computer and networking equipment, repairs, parts, and related services. The company maintains expertise across a number of leading platforms, including Cisco Systems, Dell, Hewlett-Packard, IBM, and Sun Microsystems. World Data Products was established in 1987 and is based in Plymouth, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Orbit Commerce, Inc.

Chicago,, Illinois, United States

Orbit Commerce, Inc. is a provider of eBusiness platform solutions for enterprises to provide their small business networks with customized applications and services.

Sell -
Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest private equity firm that seek profitable, lower middle-market company investments with $5 to $20 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 71
Sector (Business Services) 4 of 10
Type (Buyout (LBO, MBO, MBI)) 13 of 25
State (Georgia) 1 of 3
Country (United States) 24 of 67
Year (2001) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-04-01 Premier Systems Integrators, Inc.

Smyrna, Tennessee, United States

Premier Systems Integrators was an IT systems integrator and provider of extended network infrastructure solutions to middle-market customers.

Sell $138M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-21 ThreeE Company, Inc.

Carlsbad, California, United States

3E Company is the industry leader in providing information and compliance services to corporate Environmental Health and Safety (EH&S) departments. It delivers a comprehensive set of outsourced solutions, alleviating the burdensome aspects of HazMat compliance, reducing costs, and allowing EH&S professionals to focus on the more strategic responsibilities associated with maintaining a safe working environment.

Buy -
Buyer

Lake Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Lake Capital is a private equity firm that targets a limited number of middle-market, service-based companies. The firm typically allocates $50 to $75 million equity to each portfolio company initiative. However, with seller financing, third-party debt, and co-investment opportunities, significant capital (in addition to the initial equity allocation) is available to each initiative. The service-based businesses the firm pursues include marketing services, finance-related services, specialty services, healthcare services, consumer services, technology services, business process outsourcing services, and marketing services. The firm is typically interested in buyout, partnership and start-up opportunities. Lake Capital was formed in 1998 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 33
Sector (Business Services) 2 of 12
Type (Buyout (LBO, MBO, MBI)) 2 of 13
State (Georgia) 1 of 1
Country (United States) 7 of 31
Year (2001) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 DVC Worldwide, Inc.

Morristown, New Jersey, United States

DVC Worldwide, Inc. was acquired by Aspen Marketing Services, Inc. DVC Worldwide, Inc. engages in the development, execution, management, and tracking of integrated programs across various marketing disciplines and creative media. It offers various services, including promotional marketing, customer and comarketing, experiential marketing, public relations, advertising, digital marketing, partnership and sponsorship marketing, direct and customer relationship management marketing, and consumer and marketing research. DVC Worldwide, Inc. is based in Morristown, New Jersey.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-01 ORC International, Inc.

Princeton, New Jersey, United States

ORC International, Inc. provides collaborative and consultative research solutions for organizations worldwide.

Buy -
Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $50 to $200 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. The Firm is based in New York City.


DEAL STATS #
Overall 3 of 100
Sector (Business Services) 1 of 8
Type (Buyout (LBO, MBO, MBI)) 1 of 20
State (Georgia) 1 of 3
Country (United States) 3 of 60
Year (2001) 2 of 2
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-01 Medex, Inc.

Hilliard, Ohio, United States

Medex, Inc. is a provider of system solutions for critical care medical products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-31 PLR IP Holdings LLC

Waltham, Massachusetts, United States

Polaroid is a provider of consumer products ranging from instant and digital still cameras, 4K high-definition TVs, mobile printers and accessories, apparel and more. Polaroid was founded in 1937 and is based in Waltham, Massachusetts.

Buy -