M&A Deal Summary

Capital For Business, Northcreek Mezzanine, Diamond State Ventures and MidStates Capital Acquire Jahabow

On April 30, 2014, private equity firm Capital For Business, Northcreek Mezzanine, growth capital firm Diamond State Ventures and private equity firm MidStates Capital acquired furniture company Jahabow from Advantage Capital Partners

Acquisition Highlights
  • This is Capital For Business’ 1st, Northcreek Mezzanine’s 1st, Diamond State Ventures’ 1st and MidStates Capital’s 1st transaction in the Furniture sector.
  • This is Capital For Business’ 28th, Northcreek Mezzanine’s 13th, Diamond State Ventures’ 19th and MidStates Capital’s 4th transaction in the United States.
  • This is Capital For Business’ 7th, Northcreek Mezzanine’s 2nd, Diamond State Ventures’ 4th and MidStates Capital’s 2nd transaction in Missouri.

M&A Deal Summary
Date 2014-04-30
Target Jahabow
Sector Furniture
Buyer(s) Capital For Business
Northcreek Mezzanine
Diamond State Ventures
MidStates Capital
Sellers(s) Advantage Capital Partners
Deal Type Secondary Buyout
Advisor(s) Nolan & Associates (Financial)

Target

Jahabow

Owensville, Missouri, United States
Jahabow is a provider of glass, wood and metal display case and store fixture solutions. Jahabow was founded in 1973 and is based in Owensville, Missouri.

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Buyer(S) 4

Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1959
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $8 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.

DEAL STATS #
Overall 28 of 55
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Missouri) 7 of 12
Country (United States) 28 of 55
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Presence From Innovation

Hazelwood, Missouri, United States

Presence From Innovation is a merchandising solution provider to the largest retailers and consumer-branded product companies in the world. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. Presence From Innovation was founded in 1956 and is based in Hazelwood, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Waples Manufacturing

Fort Worth, Texas, United States

Waples Manufacturing is an outsourced contract manufacturer that provides highly customized, complex-shaped products from a multitude of materials for small lot and medium volume requirements. Waples provides precision machined solutions for the oil & gas, mining, construction, aerospace, defense, and printing end markets. Waples Manufacturing was founded in 1964 and is based in Fort Worth, Texas.

Buy -
Buyer

Northcreek Mezzanine

Category Private Equity Firm
Founded 2010
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 13 of 29
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 3 of 5
State (Missouri) 2 of 2
Country (United States) 13 of 29
Year (2014) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Presence From Innovation

Hazelwood, Missouri, United States

Presence From Innovation is a merchandising solution provider to the largest retailers and consumer-branded product companies in the world. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. Presence From Innovation was founded in 1956 and is based in Hazelwood, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 Allison Payment Systems

Indianapolis, Indiana, United States

Allison Payment Systems, LLC, is a full service customer communication solutions provider specializing in digital transactional document presentment, print & mail services and a host of Electronic Document Delivery and Management (EDDM) tools.

Buy -
Buyer

Diamond State Ventures

Little Rock, Arkansas, United States

Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.

DEAL STATS #
Overall 19 of 25
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Missouri) 4 of 4
Country (United States) 19 of 25
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Presence From Innovation

Hazelwood, Missouri, United States

Presence From Innovation is a merchandising solution provider to the largest retailers and consumer-branded product companies in the world. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. Presence From Innovation was founded in 1956 and is based in Hazelwood, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Waples Manufacturing

Fort Worth, Texas, United States

Waples Manufacturing is an outsourced contract manufacturer that provides highly customized, complex-shaped products from a multitude of materials for small lot and medium volume requirements. Waples provides precision machined solutions for the oil & gas, mining, construction, aerospace, defense, and printing end markets. Waples Manufacturing was founded in 1964 and is based in Fort Worth, Texas.

Buy -
Buyer

MidStates Capital

Category Private Equity Firm
PE ASSETS 125M USD
Size Small
Type Sector Agnostic
DESCRIPTION

MidStates Capital is a private investment firm focused on investing in and acquiring privately held growth oriented companies in the Midwest US. The Firm generally pursues companies valued between $5 and $50 million and will consider private equity and mezzanine commitments. MidStates does not have any stated sector preferences. MidStates Capital is based in Overland Park, Kansas.

DEAL STATS #
Overall 4 of 5
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Missouri) 2 of 2
Country (United States) 4 of 5
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Presence From Innovation

Hazelwood, Missouri, United States

Presence From Innovation is a merchandising solution provider to the largest retailers and consumer-branded product companies in the world. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. Presence From Innovation was founded in 1956 and is based in Hazelwood, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-01 Transfer Tool Products

Grand Haven, Michigan, United States

Transfer Tool Products is a manufacturer of complex deep-drawn metal components and assemblies, specializing in high-volume production of small custom parts in steel, stainless steel, brass, aluminum, and other metal alloys. Transfer Tool Products was founded in 1985 and is based in Grand Haven, Michigan.

Buy -

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 52 of 97
Sector (Furniture) 1 of 1
Type (Secondary Buyout) 9 of 14
State (Missouri) 7 of 9
Country (United States) 52 of 97
Year (2014) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Presence From Innovation

Hazelwood, Missouri, United States

Presence From Innovation is a merchandising solution provider to the largest retailers and consumer-branded product companies in the world. PFI's products and solutions can be found in most major convenience, grocery, specialty, and department stores in the United States. Presence From Innovation was founded in 1956 and is based in Hazelwood, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-22 Hadapt

Cambridge, Massachusetts, United States

Hadapt is a developer of big data analytic platform to natively integrate SQL with Apache Hadoop. Hadapt was founded in 2010 and is based in Cambridge, Massachusetts.

Sell -
Mergr

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