M&A Deal Summary

Arsenal Capital Partners and Svoboda Capital Partners Acquire Lumanity

On February 26, 2020, private equity firms Arsenal Capital Partners and Svoboda Capital Partners acquired business services company Lumanity

Acquisition Highlights
  • This is Arsenal Capital Partners’ 3rd and Svoboda Capital Partners’ 6th transaction in the Business Services sector.
  • This is Arsenal Capital Partners’ 41st and Svoboda Capital Partners’ 40th transaction in the United States.
  • This is Arsenal Capital Partners’ 1st and Svoboda Capital Partners’ 2nd transaction in Maryland.

M&A Deal Summary
Date 2020-02-26
Target Lumanity
Sector Business Services
Buyer(s) Arsenal Capital Partners
Svoboda Capital Partners
Deal Type Consolidation

Target

Lumanity

Bethesda, Maryland, United States
Lumanity applies incisive thinking and decisive action to cut through complex situations and deliver transformative outcomes to accelerate and optimize access to medical advances. With deep experience in medical, commercial, and regulatory affairs, the company transforms data and information into real-world insights and evidence that powers successful commercialization and empowers patients, providers, payers, and regulators to take timely and decisive action. Lumanity was formed in 2020 and is based in Bethesda, Maryland.

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Buyer(S) 2

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.

DEAL STATS #
Overall 45 of 57
Sector (Business Services) 3 of 4
Type (Consolidation) 8 of 8
State (Maryland) 1 of 1
Country (United States) 41 of 50
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-26 PSG

Cleveland, Ohio, United States

PSG is a manufacturer of proprietary and custom polymer additives, dispersions, and performance chemicals for the rubber, plastic, and engineered wood industries. PSG offers a variety of customer-centric solutions that improve polymer processing, increase surface protection, and enhance product performance. PSG was founded in 2015 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-23 TractManager

Dallas, Texas, United States

TractManager, Inc. is a provider of Internet-based systems that enable organizations to create searchable databases of their contractual obligations. TractManager is based in Dallas, Texas.

Sell -
Buyer

Svoboda Capital Partners

Chicago, Illinois, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Svoboda Capital Partners is a private equity firm that seeks buyout, recapitalization, and growth capital investments in mid-sized companies with leading market positions, strong customer relationships, and high margins. Svoboda generally looks to invest up to $25 million in businesses generating sales of $10 to $100 million and EBITDA of $3 to $15 million. Sectors of interest include value-added distribution, business services, and consumer products. Svoboda Capital Partners was formed in 1998 and is based in Chicago, Illinois.

DEAL STATS #
Overall 41 of 46
Sector (Business Services) 6 of 7
Type (Consolidation) 1 of 1
State (Maryland) 2 of 2
Country (United States) 40 of 45
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 Kenway Consulting

Chicago, Illinois, United States

Kenway Consulting is a management and technology consultancy, providing IT and business solutions to middle-market and enterprise clients operating across a range of industries, including financial and professional services, manufacturing and industrial, telecom and software / IT, and healthcare, among others. Kenway Consulting was established in 2004 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Marcus Thomas

Cleveland, Ohio, United States

Marcus Thomas is a full-service marketing and advertising agency. MT’s services include creative and content development, web and application development, media, public relations and social media marketing, brand strategy and CRM and marketing automation consulting. The Company serves a tenured base of middle market and enterprise clients across a broad range of industries including health and wellness, home and garden, and financial and professional services, among others. Marcus Thomas is based in Cleveland, Ohio.

Buy -
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