M&A Deal Summary

Alcentra Capital and Wicks Group Acquire Southern Technical College

On November 9, 2012, mezzanine finance firm Alcentra Capital and private equity firm Wicks Group acquired education company Southern Technical College

Acquisition Highlights
  • This is Alcentra Capital’s 2nd and Wicks Group’s 3rd transaction in the Education sector.
  • This is Alcentra Capital’s 41st and Wicks Group’s 23rd transaction in the United States.
  • This is Alcentra Capital’s 5th and Wicks Group’s 1st transaction in Florida.

M&A Deal Summary

Date 2012-11-09
Target Southern Technical College
Sector Education
Buyer(s) Alcentra Capital
Wicks Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) MidCap Advisors LLC (Financial)
Dickstein Shapiro (Legal)

Target

Southern Technical College

Orlando, Florida, United States
Southern Technical College is a for-profit vocational college with six campuses located in central Florida. Southern Technical College provides education and training in a variety of medical and technical areas that enable graduates to obtain entry-level employment. Southern Technical College was founded in 2000 and is based in Orlando, Florida.

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Buyer(S) 2

Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


DEAL STATS #
Overall 42 of 52
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 12 of 12
State (Florida) 5 of 5
Country (United States) 41 of 50
Year (2012) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-18 Net Access

Cedar Knolls, New Jersey, United States

Net Access LLC is a provider of data center and managed services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-11 Battery Solutions

Howell, Michigan, United States

Battery Solutions is a provider of battery recycling services to corporations, governments, municipalities, and households. Battery Solutions was founded in 1971 and is based in Howell, Michigan.

Buy -
Buyer

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.


DEAL STATS #
Overall 24 of 33
Sector (Education) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 13 of 16
State (Florida) 1 of 1
Country (United States) 23 of 32
Year (2012) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 Wicks Educational Publishing

Saint Paul, Minnesota, United States

Wicks Educational Publishing LLC is an independent publisher of print and electronic educational materials for the high school and post secondary school markets. Subjects include world languages, literature and language arts in its high school division, and business education, computer science, and allied health in its post secondary division.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-16 Allegiance Communications

Shawnee, Oklahoma, United States

Allegiance Communications LLC is a regional cable operator providing video, high-speed data and other broadband services.

Sell -