Investment Summary

CMS Mezzanine and People s United Bank Invest In Skip Barber Racing School

On February 1, 2011, mezzanine finance firm CMS Mezzanine and People s United Bank invested in leisure company Skip Barber Racing School

Investment Highlights
  • This is CMS Mezzanine’s 1st and People s United Bank’s 1st transaction in the Leisure sector.
  • This is CMS Mezzanine’s 3rd and People s United Bank’s 3rd transaction in the United States.
  • This is CMS Mezzanine’s 1st and People s United Bank’s 1st transaction in Georgia.
Investment Fate
  • Skip Barber Racing School went bankrupt in 2017.
  • Skip Barber Racing School was sold to a strategic buyer in 2017.

Investment Summary

Date 2011-02-01
Target Skip Barber Racing School
Sector Leisure
Investor(s) CMS Mezzanine
People s United Bank
Deal Type Growth Capital
Advisor(s) L. R. Nathan Associates (Financial)

Target

Skip Barber Racing School

Braselton, Georgia, United States
Skip Barber Racing School LLC is a road track racing school, offering programs such as a national race series, corporate events, original equipment manufacturer events, and racing and driving schools. Skip Barber Racing School LLC was founded in 1975 and is based in Braselton, Georgia.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

DESCRIPTION

CMS Mezzanine is a private investment firm focused on providing mezzanine capital to support private equity sponsored buyouts and companies requiring growth capital, acquisition funding, liquidity for existing shareholders, or that are undergoing an ownership transition. CMS Mezzanine looks to invest $2 to $6 million per transaction in support of companies with at least $10 million of revenue. Areas of interest include manufacturing, business services, consumer products, valued-added distribution, IT services, and specialty retail. The Firm prefers companies headquartered in the Eastern US, but will consider opportunities across the US. CMS Mezzanine is based in Wynnewood, Pennsylvania.


DEAL STATS #
Overall 3 of 6
Sector: Leisure M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 3 of 6
Year: 2011 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-02 Integrity solution services

St. Charles, Missouri, United States

Integrity solution services, Inc. is a multi‐national company with call centers throughout the U.S. Midwest, the Caribbean, and Latin America. Integrity complements its traditional offerings with a wide range of custom outsourcing and industry-specific Contact Center products. Integrity solution services was founded in 1993 and is based in St. Charles, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-06 Fortessa Tableware Solutions

Sterling, Virginia, United States

Fortessa Tableware Solutions is an integrated designer, developer, and marketer of quality tableware serving high-end hospitality and retail customers. It provides complete tabletop solutions to many of the finest and best-known properties in the world. Fortessa Tableware Solutions was founded in 1993 and is based in Sterling, Virginia.

Buy -
Investor

People s United Bank

Bridgeport, Connecticut, United States

Category Company
Sector Financial Services
DESCRIPTION

People's United Bank, provides financial services.


DEAL STATS #
Overall 3 of 6
Sector: Leisure M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 3 of 6
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-16 Butler Bank

Lowell, Massachusetts, United States

Butler Bank, a financial service company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-28 Citizens Financial - 56 Branches

United States

Fifty-two of the branches are situated in Stop & Shop supermarkets and four are traditional branches.

Buy -