Investment Summary

Copley Equity Partners and PennantPark Investment Advisers Invest In Cartessa Aesthetics

On June 27, 2022, private equity firm Copley Equity Partners and lender PennantPark Investment Advisers invested in medical products company Cartessa Aesthetics

Investment Highlights
  • This is Copley Equity Partners’ 2nd and PennantPark Investment Advisers’ 1st transaction in the Medical Products sector.
  • This is Copley Equity Partners’ 18th and PennantPark Investment Advisers’ 21st transaction in the United States.
  • This is Copley Equity Partners’ 1st and PennantPark Investment Advisers’ 3rd transaction in New York.

Investment Summary

Date 2022-06-27
Target Cartessa Aesthetics
Sector Medical Products
Investor(s) Copley Equity Partners
PennantPark Investment Advisers
Deal Type Growth Capital

Target

Cartessa Aesthetics

Melville, New York, United States
Cartessa Aesthetics sources and provides aesthetic medical devices to dermatologists, plastic surgeons, cosmetic physicians, and medical spas. Cartessa Aesthetics was founded in 2017 and is based in Melville, New York.

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Investor(S) 2

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 19 of 22
Sector (Medical Products) 2 of 2
Type (Growth Capital) 15 of 18
State (New York) 1 of 1
Country (United States) 18 of 20
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-26 FMG

San Diego, California, United States

FMG is an advisory firm that helps clients build world-class, values-driven organizations by aligning human performance with business strategy. The company's team partners with investors and executive leaders across a range of industries, including private equity and healthcare, to build the human capital capabilities required to deliver on strategy, mitigate risk, and create industry-leading business results. FMG is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 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.

Sell -
Investor

PennantPark Investment Advisers

Investor Investor Investor Investor Investor


Category Lender
Founded 2007
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 21 of 22
Sector (Medical Products) 1 of 1
Type (Growth Capital) 2 of 2
State (New York) 3 of 3
Country (United States) 21 of 22
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Gen3 Marketing

Blue Bell, Pennsylvania, United States

Gen3 Marketing is a digital marketing agency that provides affiliate marketing services to customers (“advertisers”) by optimizing advertisers’ positioning of their products and services on third party websites (“publishers” or “affiliates”). Gen3 Marketing was founded in 2007 and is based in Blue Bell, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Mission Microwave Technologies

Cypress, California, United States

Mission Microwave Technologies is a provider of Solid-State Power Amplifiers (SSPAs) and Block Upconverters (BUCs) to the satellite communications market. Mission Microwave Technologies was founded in 2014 and is based in Cypress, California.

Buy -