Investment Summary

The Carlyle Group and J.H. Whitney Capital Partners Invest In Authentix

On April 21, 2008, private equity firms The Carlyle Group and J.H. Whitney Capital Partners invested in software company Authentix

Investment Highlights
  • This is The Carlyle Group’s 23rd and J.H. Whitney Capital Partners’ 1st transaction in the Software sector.
  • This is The Carlyle Group’s 187th and J.H. Whitney Capital Partners’ 5th transaction in the United States.
  • This is The Carlyle Group’s 35th and J.H. Whitney Capital Partners’ 2nd transaction in Texas.
Investment Fate
  • Authentix was sold to a consortium of financial buyers in 2017.

Investment Summary

Date 2008-04-21
Target Authentix
Sector Software
Investor(s) The Carlyle Group
J.H. Whitney Capital Partners
Deal Type Growth Capital
Advisor(s) MHT Partners (Financial)

Target

Authentix

Addison, Texas, United States
Authentix is a pioneer in developing and delivering authentication solutions for the protection of high-value consumables such as refined oil and gas supplies (e.g. gasoline, diesel, lubes, and LPG). For over twenty years Authentix has assisted governments, IOCs, NOCs and consumers in combating illicit trade and securing their supply chains’ integrity. Authentix is based in Addison, Texas.

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Investor(S) 2

Investor

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 321 of 750
Sector: Software M&A 23 of 57
Type: Growth Capital M&A Deals 49 of 114
State: Texas M&A 35 of 51
Country: United States M&A 187 of 350
Year: 2008 M&A 9 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-16 Varsity Group

Washington, District of Columbia, United States

Varsity Group, Inc. was an online retailing company specializing in textbooks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Metaldyne

Plymouth, Michigan, United States

Metaldyne LLC is a designer and supplier of metal-formed components and assemblies for engine and transmission applications including engine connecting rods, transmission valve bodies, crankshaft dampers and pulleys, forged and finished differential gears and assemblies, and balance shaft modules.

Buy -
Investor

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney Capital Partners is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney Capital Partners was formed in 1946 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 5 of 23
Sector: Software M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 4
State: Texas M&A 2 of 4
Country: United States M&A 5 of 22
Year: 2008 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-11 Joe s Crab Shack

Houston, Texas, United States

Ignite Restaurant Group, Inc. owns and operates three restaurant businesses, Joe's Crab Shack, Romano's Macaroni Grill and Brick House Tavern+Tap.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-13 FNF Construction

Tempe, Arizona, United States

FNF Construction Company is an infrastructure-construction company, specializing in asphalt/rubberized-asphalt paving and to a lesser degree, structural concrete building, highway/airport runway painting, and drainage/storm-water system construction. The Company generally serves as the prime contractor for public sector customers such as federal, state and local governmental authorities in the states of Arizona, Colorado, Nevada, Utah, New Mexico and to a lesser degree in Southern California. FNF Construction was founded in 1984 and is based in Tempe, Arizona.

Buy -