M&A Deal Summary

Banyan Investment Partners Acquires Sekai Electronics

On August 1, 2014, mezzanine finance firm Banyan Investment Partners acquired electronics company Sekai Electronics

Acquisition Highlights
  • This is Banyan Investment Partners’ 2nd transaction in the Electronics sector.
  • This is Banyan Investment Partners’ 64th transaction in the United States.
  • This is Banyan Investment Partners’ 8th transaction in California.

M&A Deal Summary
Date 2014-08-01
Target Sekai Electronics
Sector Electronics
Buyer(s) Banyan Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Sekai Electronics

Irvine, California, United States
Sekai Electronics is a recognized pioneer in the application of airborne video cameras and video recorders and has provided video products and systems for new and "retrofit" programs on military and commercial aircraft, RPVs, and helicopters. Sekai Electronics products are currently flying on the Space Shuttle, Boeing 777, HH-60 Blackhawk, B-2, F-18, and other aircraft. Sekai Electronics was founded in 1982 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Banyan Investment Partners

Miami, Florida, United States

Investor

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.

DEAL STATS #
Overall 64 of 73
Sector (Electronics) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 22 of 28
State (California) 8 of 11
Country (United States) 64 of 73
Year (2014) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-12 EnviroVac Holdings

Savannah, Georgia, United States

EnviroVac Holdings LLC is a provider of mission-critical cleaning and maintenance services to blue-chip customers. EnviroVac provides general industrial, chemical cleaning, environmental, digital inspections, fluid treatment and automated cleaning solutions to the power & utilities, pulp & paper, chemical, steel and manufacturing end industries. EnviroVac Holdings LLC was established in 1998 and is headquartered in Savannah, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 ScooterBug

Orlando, Florida, United States

ScooterBug, Inc. is the company focused exclusively on providing fleet management solutions for mobility products to theme and amusement parks, zoos, aquariums, casinos and other destination locations.

Sell -
Mergr

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