Investment Summary

Advantage Capital Partners and Weller Equity Partners Invest In Mirac

On October 11, 2018, growth capital firm Advantage Capital Partners and private equity firm Weller Equity Partners invested in semiconductors company Mirac

Investment Highlights
  • This is Advantage Capital Partners’ 4th and Weller Equity Partners’ 1st transaction in the Semiconductors sector.
  • This is Advantage Capital Partners’ 216th and Weller Equity Partners’ 3rd transaction in the United States.
  • This is Advantage Capital Partners’ 6th and Weller Equity Partners’ 1st transaction in Ohio.

Investment Summary

Date 2018-10-11
Target Mirac
Sector Semiconductors
Investor(s) Advantage Capital Partners
Weller Equity Partners
Deal Type Venture

Target

Mirac

Lynchburg, Ohio, United States
Mirac is an electronics assembly and fabrication company that primarily works with companies on a contractual basis and specializes in the design, fabrication, and assembly of printed circuit boards and wire harnesses for use in the energy/petroleum, consumer, and commercial/industrial sectors. Mirac was established in 1992 and is based in Lynchburg, Ohio.

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Investor(S) 2

Investor

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 217 of 271
Sector (Semiconductors) 4 of 4
Type (Venture) 112 of 126
State (Ohio) 6 of 9
Country (United States) 216 of 269
Year (2018) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-03 North End Teleservices

Omaha, Nebraska, United States

North End Teleservices is a contact center providing a wide range of advanced contact center solutions and exceptional service delivery to clients around the world. North End Teleservices was founded in 2015 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Colorado Pump & Supply

Westminster, Colorado, United States

Colorado Pump & Supply is the largest wholesale distributor of a professional pump, irrigation and landscape supplies in the Rocky Mountain Region. Customers include contractors for commercial facilities and municipalities, as well as landscape, residential and maintenance contractors.

Sell -
DESCRIPTION

Weller Equity Partners is a private equity firm focused on buyouts, growth capital financings, and recapitalizations of lower middle-market companies in Kentucky and the Mid-South US. The Firm looks to invest $1 to $10 million in profitable companies with $10 to $75 million of revenue. Sectors of interest include healthcare, business services, information technology, manufacturing, and food/beverages. Weller Equity Partners was formed in 2015 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 3 of 4
Sector (Semiconductors) 1 of 1
Type (Venture) 1 of 2
State (Ohio) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-15 Vogt Ice

Louisville, Kentucky, United States

Vogt Ice is a manufacturer of large capacity commercial and industrial ice making equipment in the U.S. Vogt engineers designed the unique Tube-Ice Machine specifically to freeze ice automatically in vertical tubes, momentarily thaw ice loose from the tubes and then cut it into short cylinders with a hole in the center. Vogt Ice was founded in 1938 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Venminder

Elizabethtown, Kentucky, United States

Venminder is a provider of vendor risk management solutions. Venminder through the firm’s software and a suite of outsourced services, Venminder has pioneered a new age in vendor management by dramatically reducing the workload essential to meeting today’s demanding regulatory requirements. Venminder is based in Elizabethtown, Kentucky.

Buy -