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M&A Deal Summary

Blackstreet Capital Management Acquires Compre

On February 1, 2011, private equity firm Blackstreet Capital Management acquired business services company Compre

Acquisition Highlights
  • This is Blackstreet Capital Management’s 1st transaction in the Business Services sector.
  • This is Blackstreet Capital Management’s 1st transaction in Bermuda.
Investment Fate
  • Compre was sold to a consortium of financial buyers in 2015.
  • Compre was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2011-02-01
Target Compre
Sector Business Services
Buyer(s) Blackstreet Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Compre

Hamilton, Bermuda
Compre is a global consolidator of closed books of non-life insurance policies. Compre is focused on the acquisition and management of discontinued (also known as ‘run-off’) non-life insurance portfolios and has operations in the UK, Bermuda, Finland, Germany, Malta, and Switzerland. Compre was founded in 1991 and is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

Blackstreet Capital Management

Chevy Chase, Maryland, United States
Category Private Equity Firm
Founded 2003
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 25 of 38
Sector: Business Services M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 20
Country: Bermuda M&A 1 of 1
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-08 Swisher Mower and Machine

Warrensburg, Missouri, United States

Swisher Mower and Machine manufactures a variety of lawn and garden power equipment including zero-turn riding mowers, ATV mowers, log splitters and high wheel string trimmer mowers and a wide range of lawn tractor and ATV attachments. Swisher Mower and Machine was founded in 1945 and is based in Warrensburg, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-02 Coffee Nation

High Wycombe, United Kingdom

Coffee Nation Ltd. is a provider of self service gourment coffee stations to a variety of locations such as motorway service stations, petrol forcourts, airports and large retail stores throughout the UK.

Sell £60M
Mergr

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