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M&A Deal Summary

American Pacific Group and Northstar Capital Acquire Fresche Solutions

On December 10, 2020, private equity firm American Pacific Group and mezzanine finance firm Northstar Capital acquired information technology company Fresche Solutions

Acquisition Highlights
  • This is American Pacific Group’s 1st and Northstar Capital’s 3rd transaction in the Information Technology sector.
  • This is American Pacific Group’s 1st and Northstar Capital’s 3rd transaction in Canada.
  • This is American Pacific Group’s 1st and Northstar Capital’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-12-10
Target Fresche Solutions
Sector Information Technology
Buyer(s) American Pacific Group
Northstar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Fresche Solutions

Montreal, Quebec, Canada
Fresche Solutions is an application modernization and management solutions, provider. Fresche specializes in helping companies achieve their IT and business goals by better managing and evolving their IBM I applications. Fresche Solutions was founded in 1976 and is based in Montreal, Quebec.

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Buyer(S) 2

Buyer

American Pacific Group

Investor Investor Investor

Category Private Equity Firm
Founded 2019
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

American Pacific Group is a private investment firm focused on acquiring lower middle-market North American businesses with up to $30 million of EBITDA. The Firm will consider a variety of complex transaction situations including take privates, and corporate carve-outs. Sectors of interest include software, hardware/industrial technology, consumer, industrial, healthcare, and business services. American Pacific Group was formed in 2019 and is headquartered in Larkspur, California.

DEAL STATS #
Overall 3 of 17
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 8
State (Quebec) 1 of 1
Country (Canada) 1 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Alete Nutrition

San Francisco, California, United States

Alete Nutrition is a portfolio of athlete-focused sports nutrition brands that provide the people, prowess, and products to activate an athlete's potential for a healthy life. Alete’s brands include SaltStick, Vitassium, and BonkBreaker, all differentiate themselves by offering quality and innovative products. Alete Nutrition is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Wellbeam Consumer Health

San Francisco, California, United States

Wellbeam Consumer Health is an operator of a portfolio of eCommerce-focused wellness brands. Wellbeam Consumer Health focuses on wellness & self-directed care, a shift in channel share from traditional retail to eCommerce channels, and the emergence of at-scale eCommerce sellers in search of growth support. Wellbeam Consumer Health is based in San Francisco, California.

Buy -
Buyer

Northstar Capital

Minneapolis, Minnesota, United States

Investor

Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Northstar Capital is a mezzanine finance firm that provides junior capital to middle-market companies operating in the value-added distribution, light manufacturing, business services, financial services, education, and specialty healthcare sectors. Northstar's typical investment size is $5 to $30 million in businesses generating sales of $20 to $300 million with an EBITDA of at least $3 million. Prospective companies have stable cash flows and sustainable margins. Investments typically have maturities of five to eight years. Northstar does not invest in start-ups, real estate development, natural resource exploration, or high technology companies. Northstar Capital was formed in 1993 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 97 of 121
Sector (Information Technology) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 39 of 45
State (Quebec) 1 of 1
Country (Canada) 3 of 3
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Vectair Systems

Memphis, Tennessee, United States

Vectair Systems is a manufacturer and supplier of hygiene products delivering sanitary solutions to customers and facilities worldwide spanning over 120 countries. Vectair Systems was formed in 1988 and is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Weaver Leather

Mount Hope, Ohio, United States

Weaver Leather is a provider of leather and nylon products and accessories into the Western-style equine, livestock, pet, and arborist markets. Weaver manufactures, markets, and distributes a broad line of branded and non-branded leather, nylon/synthetic, hardware, and other products and product accessories uniquely designed for its four consumer-focused divisions (equine, livestock, pet, and arborist) - and its wholesale supply division. Weaver Leather was established in 1973 and is based in Mount Hope, Ohio.

Sell -
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