M&A Deal Summary

Corsair Capital Acquires Vantage Group

On February 4, 2019, private equity firm Corsair Capital acquired aerospace company Vantage Group from Gateway City Capital Investors

Acquisition Highlights
  • This is Corsair Capital’s 1st transaction in the Aerospace sector.
  • This is Corsair Capital’s 1st transaction in Canada.
  • This is Corsair Capital’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2019-02-04
Target Vantage Group
Sector Aerospace
Buyer(s) Corsair Capital
Sellers(s) Gateway City Capital Investors
Deal Type Secondary Buyout

Target

Vantage Group

Vancouver, British Columbia, Canada
Vantage Group is a privately held airport developer, manager, and investor with a history at more than 30 airports around the world. The company’s current network comprises 10 airports, ranging from small destinations to large capital cities in Canada, the U.S., Jamaica, The Bahamas, and Cyprus. Vantage’s portfolio includes two major projects in New York: the redevelopment and management of Terminal B at LaGuardia Airport, and the company’s partnership with Jet Blue Airways in the planned redevelopment and management of Terminals 6 and 7 at JFK International Airport. Vantage Group was founded in 1994 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 9.9B USD
Size Mega
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.

DEAL STATS #
Overall 21 of 29
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 6 of 8
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Repay Holdings

Atlanta, Georgia, United States

Repay Holdings is a full-service provider of electronic transaction processing services for retail merchants, offering a comprehensive line of solutions that include credit and debit cards, gift cards, ACH, bank account verification, electronic bill payment, and instant funding. Repay Holdings was founded in 2006 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Axo Finans

Oslo, Norway

Axo Finans is a specialist in consumer credit and loan brokerage, partnering with leading banks in the region to achieve optimal credit solutions for consumers. Axo Finans was founded in 2008 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

Gateway City Capital Investors

Carlyle, Illinois, United States
Category Private Equity Firm
Founded 2007
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gateway City Capital Investors LLC is a private equity firm specializing in control and non-control investments in lower middle market Midwestern companies. Gateway targets growth businesses with positive cash-flows, attractive operating margins, defensible market positions, and diverse customers. The Firm looks to invest up to $10 million in transactions valued up to $50 million. Broad areas of interest include food/beverages, industrial and consumer products manufacturing, value-added distributions and business services. Prospective transaction types include LBOs, MBOs, recapitalizations, acquisition financings, growth capital financings, and corporate divestitures. Gateway City Capital Investors LLC was formed in 2007 and is based in Carlyle, Illinois.

DEAL STATS #
Overall 2 of 3
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 2 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Potter Electric

St. Louis, Missouri, United States

Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric Signal was founded in 1898 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 American Pavement Preservation

Las Vegas, Nevada, United States

American Pavement Preservation provides a full suite of services including slurry seal, seal coating, commercial paving, pavement patching, crack sealing and pavement marking to public and private sector customers in the Southwest United States. American Pavement Preservation was founded in 2009 and is based in Las Vegas, Nevada.

Sell -
Mergr

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