M&A Deal Summary

Convergent Capital Partners Acquires Action Property Management

On January 1, 2014, growth capital firm Convergent Capital Partners acquired real estate company Action Property Management

Acquisition Highlights
  • This is Convergent Capital Partners’ 1st transaction in the Real Estate sector.
  • This is Convergent Capital Partners’ 51st transaction in the United States.
  • This is Convergent Capital Partners’ 10th transaction in California.

M&A Deal Summary
Date 2014-01-01
Target Action Property Management
Sector Real Estate
Buyer(s) Convergent Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Action Property Management

Irvine, California, United States
Action Property Management is a provider of full-service, integrated property management, and employment services to homeowners associations, high-rises, large-scale communities, and new developments. Action Property Management was founded in 1984 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Convergent Capital Partners

Investor Investor Investor

Category Growth Capital Firm
Founded 1999
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 51 of 62
Sector (Real Estate) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 22 of 25
State (California) 10 of 13
Country (United States) 51 of 62
Year (2014) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 DataPath

Duluth, Georgia, United States

DataPath is a designer, integrates, manages and deploys satellite communication systems for military and commercial customers. Solutions include multi-band SATCOM terminals, network control software to manage and control communication networks, and global field support services. DataPath was established in 1982 and is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Las Vegas Color Graphics

Las Vegas, Nevada, United States

Las Vegas Color Graphics offers a full spectrum of high-end commercial printing, mailing, and signage services including electronic prepress, offset and digital printing, finishing, and fulfillment/delivery to a growing base of corporate clients nationwide. Las Vegas Color Graphics was founded in 1978 and is based in Las Vegas, Nevada.

Buy -
Mergr

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