Investment Summary

Convergent Capital Partners Invests In United Record Pressing

On July 1, 2007, growth capital firm Convergent Capital Partners invested in business services company United Record Pressing

Investment Highlights
  • This is Convergent Capital Partners’ 5th transaction in the Business Services sector.
  • This is Convergent Capital Partners’ 27th transaction in the United States.
  • This is Convergent Capital Partners’ 1st transaction in Tennessee.
Investment Fate
  • United Record Pressing was recapitalized in 2011.

Investment Summary

Date 2007-07-01
Target United Record Pressing
Sector Business Services
Investor(s) Convergent Capital Partners
Deal Type Acquisition Financing

Target

United Record Pressing

Nashville, Tennessee, United States
United Record Pressing is a provider of services relating to record production including vinyl record pressing, plating, lacquer mastering, jacket and label printing, packaging, and fulfillment. United Record Pressing was founded in 1962 and is based in Nashville, Tennessee.

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Investor(S) 1

Investor
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 27 of 62
Sector: Business Services M&A 5 of 11
Type: Acquisition Financing M&A Deals 4 of 4
State: Tennessee M&A 1 of 2
Country: United States M&A 27 of 62
Year: 2007 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Healthy Pet

Shelton, Connecticut, United States

Healthy Pet Corp. is an operator of veterinary hospitals in the eastern United States.

Sell $153M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 World Commerce Services

Schaumburg, Illinois, United States

World Commerce Services LLC headquartered in Chicago, IL, is a transporation management and consulting firm providing cocept-to-completion services.

Sell -