M&A Deal Summary

Copley Equity Partners Acquires Tourmaline Partners

On May 19, 2020, private equity firm Copley Equity Partners acquired business services company Tourmaline Partners

Acquisition Highlights
  • This is Copley Equity Partners’ 2nd transaction in the Business Services sector.
  • This is Copley Equity Partners’ 6th transaction in the United States.
  • This is Copley Equity Partners’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2020-05-19
Target Tourmaline Partners
Sector Business Services
Buyer(s) Copley Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Ropes & Gray (Legal)

Target

Tourmaline Partners

Stamford, Connecticut, United States
Tourmaline Partners provides tailor‐made services to more than 300 institutional investor clients including hedge funds and asset managers of all sizes. The company delivers a 24 x 6 buy-side execution offering in global equities, derivatives, and ETFs on behalf of hedge funds, mutual funds, RIAs, family offices, sovereign wealth funds, and asset owners. It is privately held and positioned to not compete with the sell-side in its core businesses of research, banking, and prime brokerage. Tourmaline Partners was founded in 2010 and is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Copley Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Copley Equity Partners is a private investment firm that invests in established small and lower middle-market businesses with significant growth prospects. The Firm is sector agnostic and generally looks to provide capital for shareholder liquidity, acquisition, and growth needs. Copley Equity looks to invest $5 to $75 million in equity capital in profitable businesses generating up to $25 million of cash flow. Copley Equity Partners was established in 2012 and is headquartered in Quincy, Massachusetts.

DEAL STATS #
Overall 6 of 22
Sector (Business Services) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Connecticut) 1 of 1
Country (United States) 6 of 20
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Gregory FCA

Ardmore, Pennsylvania, United States

Gregory FCA is a full-service, strategically integrated firm, Gregory FCA creates and deploys sophisticated national media relations, social media, content marketing, investor relations, and financial communications campaigns. Gregory FCA is based in Ardmore, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-10 Liberty Commercial Finance

Tustin, California, United States

Liberty Commercial Finance provides highly competitive equipment financing, with transactions ranging from $1 million to $50 million, and solutions tailored primarily to middle market companies across numerous industries nationwide. Liberty Commercial Finance was founded in 2017 and is based in Tustin, California.

Buy -
Mergr

Product

Company

Legal