M&A Deal Summary

Court Square Capital Partners and Paceline Equity Partners Acquire Data Axle

On January 24, 2017, private equity firms Court Square Capital Partners and Paceline Equity Partners acquired information services company Data Axle from CCMP Capital

Acquisition Highlights
  • This is Court Square Capital Partners’ 2nd and Paceline Equity Partners’ 1st transaction in the Information Services sector.
  • This is Court Square Capital Partners’ 37th and Paceline Equity Partners’ 1st transaction in the United States.
  • This is Court Square Capital Partners’ 5th and Paceline Equity Partners’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-01-24
Target Data Axle
Sector Information Services
Buyer(s) Court Square Capital Partners
Paceline Equity Partners
Sellers(s) CCMP Capital
Deal Type Secondary Buyout

Target

Data Axle

Dallas, Texas, United States
Data Axle is a provider of data and interactive resources that enables targeted sales, effective marketing and insightful research solutions. The Company's information powers tools and insights for businesses to efficiently reach current and future customers through multiple channels, including the world’s Internet search engines and GPS navigation systems. Data Axle was founded in 1972 and is based in Dallas, Texas.

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Buyer(S) 2

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 40 of 67
Sector (Information Services) 2 of 3
Type (Secondary Buyout) 19 of 31
State (Texas) 5 of 8
Country (United States) 37 of 64
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 Thrive Networks

Foxborough, Massachusetts, United States

Thrive Networks is a managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. Thrive Networks was founded in 2000 and is based in Foxborough, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Evans

Schuylkill Haven, Pennsylvania, United States

Evans is a provider of intermodal and other trucking services through a non-asset-based agency model. Through its agent network, Evans offers services through a fleet of over 3,000 tractors and over 180 terminals throughout the country. Evans has a long and successful track record of supporting and growing its agent network and servicing agents, independent contractors, and shippers with a comprehensive and highly value-additive offering. Evans was founded in 1939 and is based in Schuylkill Haven, Pennsylvania.

Buy -
Buyer
DESCRIPTION

Paceline is a private equity manager focused on value-oriented and special situations investments across real assets, corporate debt, and private equity in all market environments. Paceline’s investment focus is on situational and event-driven circumstances. Paceline Equity Partners was formed in 2018 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 1 of 6
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 6
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Progress Rail Equipment Leasing

Albertville, Alabama, United States

Progress Rail Equipment Leasing is a lessor of railroad maintenance-of-way (MOW) equipment and services. Progress Rail Equipment Leasing is based in Albertville, Alabama.

Buy -

Seller(S) 1

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 69 of 78
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 19 of 23
State (Texas) 9 of 10
Country (United States) 55 of 61
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 Noble Environmental Power

Essex, Connecticut, United States

Noble Environmental Power is a platform company focused on developing wind-powered renewable electric generating projects.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 LHP Hospital Group

Plano, Texas, United States

LHP Hospital Group, Inc. is a privately held hospital company that will own, operate and manage acute care hospitals in small cities and in select urban markets throughout the United States.

Sell -