Buyout (LBO, MBO, MBI) • Information Technology

BBHCP Private Equity Acquires Clever Devices

On February 3, 2021, mezzanine finance firm BBHCP Private Equity acquired information technology company Clever Devices

Acquisition Context
  • This is BBHCP Private Equity’s 1st transaction in the Information Technology sector.
  • This is BBHCP Private Equity’s 13th transaction in the United States.
  • This is BBHCP Private Equity’s 2nd transaction in New York.

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M&A Deal Summary

Date February 3, 2021
Target Clever Devices
Sector Information Technology
Buyer(s) BBHCP Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Clever Devices

Woodbury, New York, United States
Clever Devices is a developer of technology solutions for all modes of transit. Clever Devices product line includes highly innovative, state-of-the-art technologies such as CAD/AVL, AVM, BusTime, AVA, APC, TurnWarning, Infotainment and Business Intelligence tools. Clever Devices was founded in 1988 and is based in Woodbury, New York.
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Buyer Overview 1

Buyer

BBHCP Private Equity

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBHCP Private Equity is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $50 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBHCP Private Equity is an affiliate of Brown Brothers Harriman and is headquartered in New York, New York.


Deal Context for Buyer #
Overall 13 of 19
Sector: Information Technology 1 of 1
Type: Buyout (LBO, MBO, MBI) 2 of 2
State: New York 2 of 2
Country: United States 13 of 19
Year: 2021 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-19 American Spraytech

Branchburg, New Jersey, United States

American Spraytech is a contract manufacturer of aerosol and continuous spray products for the cosmetics, personal care, and over-the-counter drug industries. American Spraytech was founded in 2003 and is based in Branchburg, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Gifted Healthcare

Metairie, Louisiana, United States

Gifted Healthcare is a nurse-owned and operated company that provides creative workforce solutions for healthcare partners and outstanding career opportunities to clinicians. GIFTED Healthcare was founded in 2006 and is based in Metairie, Louisana.

Buy -