M&A Deal Summary

Arcline Investment Management and Crescent Capital Group Acquire ChargePoint Technology

On March 1, 2021, private equity firm Arcline Investment Management and mezzanine finance firm Crescent Capital Group acquired manufacturer ChargePoint Technology from LDC

Acquisition Highlights
  • This is Arcline Investment Management’s 2nd and Crescent Capital Group’s 6th transaction in the Manufacturing sector.
  • This is Arcline Investment Management’s 1st and Crescent Capital Group’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-03-01
Target ChargePoint Technology
Sector Manufacturing
Buyer(s) Arcline Investment Management
Crescent Capital Group
Sellers(s) LDC
Deal Type Secondary Buyout

Target

ChargePoint Technology

Liverpool, United Kingdom
ChargePoint Technology is a supplier of containment valves and integrated material handling equipment for the pharmaceutical, chemical, food, and other process-based industries. ChargePoint Technology was formed in 2009 and is based in Liverpool, United Kingdom.

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Buyer(S) 2

Buyer
DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.


DEAL STATS #
Overall 12 of 31
Sector: Manufacturing M&A 2 of 5
Type: Secondary Buyout M&A Deals 3 of 8
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Evans Capacitor Co.

East Providence, Rhode Island, United States

Evans Capacitor Co. designs and manufactures high-reliability, power-dense capacitors. Evans Capacitor Company's products provide superior size, weight, power, and reliability specifications, enabling customers to develop next-generation electronic systems for aerospace, defense, and industrial applications. Evans Capacitor Co. was founded in 1996 and is based in East Providence, Rhode Island.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-24 PDC Machines

Souderton, Pennsylvania, United States

PDC Machines is a manufacturer of specialty gas compression systems used in all stages of the hydrogen energy supply chain, including hydrogen production, transportation, storage, and refueling. The Company is the supplier of proprietary hydrogen compressors used in hydrogen energy applications worldwide and offers an integrated, small-scale hydrogen refueling station, SimpleFuel. PDC Machines was founded in 1977 and is based in Souderton, Pennsylvania.

Buy -
Buyer

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $40 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 63 of 67
Sector: Manufacturing M&A 6 of 6
Type: Secondary Buyout M&A Deals 23 of 25
Country: United Kingdom M&A 4 of 5
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Spy Alarms

Orpington, United Kingdom

Spy Alarms is a provider of electronic security and fire services to domestic and commercial settings across London and the South East of England. Spy installs, maintains, and monitors intruder alarms, CCTV, fire safety systems, and access control systems, using remote technology solutions to help safeguard its customers. Spy Alarms was founded in 1985 and is based in Orpington, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 F45 Training

Austin, Texas, United States

F45 Training is a provider of fitness training services. F45 Training was founded in 2013 and is based in Austin, Texas.

Sell -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 164 of 210
Sector: Manufacturing M&A 5 of 9
Type: Secondary Buyout M&A Deals 58 of 77
Country: United Kingdom M&A 158 of 204
Year: 2021 M&A 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 WCCTV

Rochdale, United Kingdom

WCCTV is a service provider of wireless surveillance products including redeployable CCTV, site security solutions and body worn cameras. Its products are utilised by the infrastructure, utilities, retail, transport and construction sectors, as well as local authorities and housing associations. WCCTV is founded in 2001 and is based in Rochdale, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 Sohonet

London, United Kingdom

Sohonet is a provider of connectivity, collaboration software, media service, network security, and data workflow management for the media, film studios, post-production houses, and distribution platforms. Sohonet was founded in 1995 and is based in London, United Kingdom.

Buy -