M&A Deal Summary

Beach Point Capital Acquires Botanical Designs

On January 9, 2023, asset manager Beach Point Capital acquired business services company Botanical Designs from Anacapa Partners, WSC & Company and Skylight Capital

Acquisition Highlights
  • This is Beach Point Capital’s 1st transaction in the Business Services sector.
  • This is Beach Point Capital’s 1st transaction in the United States.
  • This is Beach Point Capital’s 1st transaction in Washington.

M&A Deal Summary

Date 2023-01-09
Target Botanical Designs
Sector Business Services
Buyer(s) Beach Point Capital
Sellers(s) Anacapa Partners
WSC & Company
Skylight Capital
Deal Type Secondary Buyout

Target

Botanical Designs

Seattle, Washington, United States
Botanical Designs is a provider of high-impact biophilic design and professional plant maintenance. Botanical Designs, install and maintain interior and exterior commercial landscaping and holiday decor. Botanical Designs was founded in 1995 and is based in Seattle, Washington.

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Buyer(S) 1

DESCRIPTION

Beach Point Capital is a global investment management firm specializing in credit-related strategies, including high-yield bonds, senior loans, structured credit, direct lending, opportunistic credit, real estate credit, and tactical investments. Beach Point Capital was formed in 2009 and is based in Santa Monica, California.


DEAL STATS #
Overall 1 of 3
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Washington M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2023 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 bfinance

London, United Kingdom

bfinance is an independent, privately-owned, financial services firm that provides advice and solutions to companies and institutional investors around the globe. The company combines specialist expertise with a global perspective to help clients develop, implement and manage best-in-class investment programmes. bfinance is based in London, United Kingdom.

Buy -

Seller(S) 3

DESCRIPTION

Anacapa Partners is a private investment firm focused on backing search fund investments. Anacapa looks to invest in operating companies that have been identified by principals operating within the search fund business model and the Firm takes an active role in assisting search fund entrepreneurs in all phases of the investment process, including business screening, due diligence, negotiation of deal structure, operating oversight, and exploration of exit strategies. Anacapa doesn't have any industry preferences. Anacapa Partners was formed in 2010 and is headquartered in San Mateo, California.


DEAL STATS #
Overall 3 of 4
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-16 Loftey

New York, New York, United States

Lofteyis is an online residential real estate brokerage firm that provides New Yorkers with unique financial incentives such as free moving and guaranteed rent reductions while consolidating the apartment search from tens of websites to one comprehensive service. Loftey is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 Kantola Training Solutions

Mill Valley, California, United States

Kantola Training Solutions is a provider of online training services. Kantola Training Solutions formats include DVDs, online delivery and eLearning, and study guides, instructors manuals, and posters. Kantola Training Solutions was founded in 1985 and is based in Mill Valley, California.

Sell -
DESCRIPTION

WSB & Company is a family office focused on acquiring lower middle-market companies in the business services, consumer services, value-added distribution, and building materials sectors. The Firm looks to invest at least $5 million in profitable companies with at least $10 million in revenue. WSB will consider majority or minority positions in a variety of transaction situations including generational transitions, management buyouts, growth capital financings, recapitalizations, and corporate divestitures. WSB & Company is based in Charlotte, North Carolina.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Microdea

Markham, Ontario, Canada

Microdea, Inc. is a provider of document management and workflow automation solutions for the transportation and logistics industry. Microdea was formed in 1995 and is based in Markham, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-26 YardWorks

Mt Pleasant, South Carolina, United States

YardWorks is a full-service landscape design, build, irrigation, lawn maintenance, and lighting services company serving the Charleston area of South Carolina. YardWorks was founded in 2008 and is based in Mt Pleasant, South Carolina.

Buy -
SELLER

Skylight Capital

Seattle, Washington, United States

Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Skylight Capital is a Seattle-based private equity firm that invests in or acquires companies in the Western US with EBITDA up to $5 million. Investments are generally used to fund full or partial liquidity to entrepreneurs, family members, estates, passive investors, or corporate owners. Skylight will also consider minority investments for growth. Skylight prefers businesses that operate in non-cylical industries with stable/recurring revenues and sustainable margins. Sectors of interest include auto paint distribution, business services, consumer products, direct marketing, document services, education, franchisors/franchises, gaming equipment/services, HR outsourcing, jewelry, non-asset based logistics, specialty retail, vending, and wealth management.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 Botanical Designs

Seattle, Washington, United States

Botanical Designs is a provider of high-impact biophilic design and professional plant maintenance. Botanical Designs, install and maintain interior and exterior commercial landscaping and holiday decor. Botanical Designs was founded in 1995 and is based in Seattle, Washington.

Buy -