Acquisition Financing • Business Services

Convergent Capital Partners Invests In World Commerce Services

On September 1, 2003, growth capital firm Convergent Capital Partners invested in business services company World Commerce Services

Investment Context
  • This is Convergent Capital Partners’ 4th transaction in the Business Services sector.
  • This is Convergent Capital Partners’ 15th transaction in the United States.
  • This is Convergent Capital Partners’ 1st transaction in Illinois.
Investment Fate
  • World Commerce Services was sold to a strategic buyer in 2007.

Explore All 105 Acquisition Financing Business Services Deals - Search the Database Free


Investment Summary

Date September 1, 2003
Target World Commerce Services
Sector Business Services
Investor(s) Convergent Capital Partners
Deal Type Acquisition Financing

Target Company

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.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

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

Search Free

Investor Overview 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 Context for Investor #
Overall 15 of 62
Sector: Business Services 4 of 11
Type: Acquisition Financing 1 of 4
State: Illinois 1 of 4
Country: United States 15 of 62
Year: 2003 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-14 Key Health

Westlake Village, California, United States

Key Health manages a California based radiology and neurodiagnostic provider network that assists the workers' compensation and personal injury segments of the diagnostic services market. Key Health is based in Westlake Village, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-01 America s Powersports

Allen, Texas, United States

America's Powersports is an operator of an auto dealer network for the power sports equipment manufacturers (“OEMs”), including Harley-Davidson, Honda, Yamaha, Kawasaki, Suzuki, Polaris, and Bombardier. America's Powersports was founded in 1998 and is based in Allen, Texas.

Buy -