Investment Summary

Cerberus Capital Management and ABRY Partners Invest In Lighthouse Autism Centers

On July 26, 2021, asset manager Cerberus Capital Management and private equity firm ABRY Partners invested in consumer services company Lighthouse Autism Centers

Investment Highlights
  • This is Cerberus Capital Management’s 1st and ABRY Partners’ 2nd transaction in the Consumer Services sector.
  • This is Cerberus Capital Management’s 56th and ABRY Partners’ 134th transaction in the United States.
  • This is Cerberus Capital Management’s 2nd and ABRY Partners’ 2nd transaction in Indiana.

Investment Summary
Date 2021-07-26
Target Lighthouse Autism Centers
Sector Consumer Services
Investor(s) Cerberus Capital Management
ABRY Partners
Deal Type Stake Purchase
Advisor(s) Triple Tree LLC (Financial)
McDermott Will & Emery (Legal)

Target

Lighthouse Autism Centers

Mishawaka, Indiana, United States
Lighthouse Autism Centers is a provider of ABA therapy in Indiana and Michigan. Lighthouse Autism Centers has provided the highest quality, center-based ABA therapy to children with autism. At Lighthouse, children work on things like social skills, daily living skills, communication skills, and school-readiness skills. All children are overseen by Board Certified Behavioral Analysts and programs are implemented by Registered Behavior Technicians. Lighthouse Autism Centers also has full-time Speech-Language Pathologists on staff who provide speech therapy services to children who attend the centers. Lighthouse Autism Centers was founded in 2012 and is based in Mishawaka, Indiana.

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Investor(S) 2

Investor

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 79 of 87
Sector (Consumer Services) 1 of 1
Type (Stake Purchase) 8 of 8
State (Indiana) 2 of 2
Country (United States) 56 of 63
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Red River

Claremont, New Hampshire, United States

Red River is an operator of a technology integrator. The company’s technology expertise and mission-critical experience help its customers optimize their business processes and enhance the value of their technology investments. Red River was founded in 1995 and is based in Claremont, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Source Code

Milford, Massachusetts, United States

Source Code is a provider of custom manufactured computer solutions, computer component sourcing, and distribution services throughout the Northeast and Midwest. Source Code was founded in 1992 and is based in Milford, Massachusetts.

Buy -
Investor

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 155 of 171
Sector (Consumer Services) 2 of 2
Type (Stake Purchase) 8 of 9
State (Indiana) 2 of 2
Country (United States) 134 of 145
Year (2021) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Socius

San Francisco, California, United States

Socius is a property/casualty and management liability wholesale broker based in San Francisco, with regional offices in Los Angeles; Elgin, IL; Birmingham, AL; Austin, TX; Tampa and Miami, FL; Philadelphia; and Summit, NJ. Socius specializes in D&O, E&O, EPL, Cyber, Property & Casualty, and Umbrella coverages. Socius was founded in 1997 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 SambaSafety

Greenwood Village, Colorado, United States

SambaSafety is a provider of Driver Risk Management (DRM) services and Motor Vehicle Records (MVRs) to every industry across the United States. SambaSafety’s innovative Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies. This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work. Additionally, SambaSafety solutions provide the insights insurance carriers need to accurately price risk throughout the policy lifecycle. SambaSafety was founded in 1998 and is based in Greenwood Village, Colorado.

Sell -
Mergr

Product

Company

Legal