Investment Summary

Cathay Capital Private Equity, The Silverfern Group and Stellus Capital Management Invest In CPAP.com

On January 12, 2022, private equity firm Cathay Capital Private Equity, asset manager The Silverfern Group and private equity firm Stellus Capital Management invested in retailer CPAP.com

Investment Highlights
  • This is Cathay Capital Private Equity’s 2nd, The Silverfern Group’s 2nd and Stellus Capital Management’s 1st transaction in the Retail sector.
  • This is Cathay Capital Private Equity’s 10th, The Silverfern Group’s 15th and Stellus Capital Management’s 34th transaction in the United States.
  • This is Cathay Capital Private Equity’s 2nd, The Silverfern Group’s 5th and Stellus Capital Management’s 8th transaction in Texas.

Investment Summary

Date 2022-01-12
Target CPAP.com
Sector Retail
Investor(s) Cathay Capital Private Equity
The Silverfern Group
Stellus Capital Management
Deal Type Growth Capital
Advisor(s) TM Capital (Financial)

Target

CPAP.com

Stafford, Texas, United States
CPAP.com is an online retailer specializing in sleep apnea equipment, offering a wide range of CPAP machines, masks, and accessories to help improve sleep quality and breathing health. CPAP.com was founded in 1999 and is based in Stafford, Texas.

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Investor(S) 3

Investor

Cathay Capital Private Equity

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cathay Capital Private Equity SAS is a French Chinese private equity firm focused on acquiring businesses in France, Hong Kong, and China. Cathay looks to help Western companies leverage opportunities in China and help Chinese companies leverage Western best practices and partnerships. The Firm looks to invest in businesses generating €5 to €150 million in revenues. Areas of interest include retail, consumer goods, electrical equipment, medical devices, pharmaceuticals, animal healthcare, translation, food, consumer services, and software. Cathay Capital Private Equity SAS was formed in 2007 and is based in Paris. The firm has additional offices in New York and Shanghai.


DEAL STATS #
Overall 95 of 100
Sector: Retail M&A 2 of 2
Type: Growth Capital M&A Deals 21 of 26
State: Texas M&A 2 of 2
Country: United States M&A 10 of 11
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Artefact

Paris, France

Artefact is an independent international performance agency, provides digital marketing services primarily in France. Artefact was founded in 1998 and is headquartered in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 SeaOwl

Levallois-Perret, France

SeaOwl is a provider of technical assistance, facility and ship management services to major oil and gas companies as well as to the French government. SeaOwl was founded in 2008 and is based in Levallois-Perret, France.

Sell -
DESCRIPTION

The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $20 to $50 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 21 of 22
Sector: Retail M&A 2 of 2
Type: Growth Capital M&A Deals 5 of 5
State: Texas M&A 5 of 5
Country: United States M&A 15 of 16
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Pioneer Recycling Services

Tacoma, Washington, United States

Pioneer Recycling Services is an operator of non-hazardous recycling and solid waste company in the Pacific Northwest. Pioneer Recycling’s collections centers focus on providing reliable environmental services and solutions for commercial, industrial, municipal, and residential customers. Pioneer Recycling Services was founded in 2014 and is based in Tacoma, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Waste Services Group

Braeside, Australia

Waste Services Group provides diversified waste collection services to the Australian commercial and industrial sectors, utilizing front-lift waste removal trucks to collect customer waste streams and providing national broker and account management services for commercial and industrial customers with multi-site and complex waste collection requirements. Waste Services Group was founded in 2016 and is based in Braeside, Australia.

Sell -
Investor

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 34 of 86
Sector: Retail M&A 1 of 1
Type: Growth Capital M&A Deals 7 of 24
State: Texas M&A 8 of 16
Country: United States M&A 34 of 83
Year: 2022 M&A 3 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Munch s Supply

Hillside, Illinois, United States

Munch's Supply is an HVAC distributor and third-generation family business focused exclusively on supplying heating and cooling industry contractors with quality products. Munch's Supply was founded in 1956 and is based in Hillside, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 P3 Services

Auburn, Washington, United States

P3 Services is a provider of plumbing installation and maintenance and repair services to the multi-family, light commercial, and single-family end markets with operations in Austin, Charlotte, Dallas, Houston, San Antonio, and Seattle. P3 Services was founded in 1985 and is based in Auburn, Washington.

Buy -