Investment Summary

Thompson Street Capital Partners and Dixon Midland Company Exits Levata

On November 2, 2012, private equity firm Cortec Group invested in technology hardware company Levata from Thompson Street Capital Partners and Dixon Midland Company

Investment Highlights
  • This is Cortec Group’s 1st transaction in the Technology Hardware sector.
  • This is Cortec Group’s 26th transaction in the United States.
  • This is Cortec Group’s 3rd transaction in Illinois.
Investment Fate
  • Levata was sold to a consortium of financial buyers in 2019.

Investment Summary

Date 2012-11-02
Target Levata
Sector Technology Hardware
Investor(s) Cortec Group
Sellers(s) Thompson Street Capital Partners
Dixon Midland Company
Deal Type Secondary Buyout
Advisor(s) BlackArch (Financial)

Target

Levata

Chicago, Illinois, United States
Levata is a provider of products and services that enable businesses to digitally capture and act on data related to their assets, people, and transactions. Levata was founded in 1994 and is based in Chicago, Illinois.

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Investor(S) 1

Investor

Cortec Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 6.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cortec Group is a private equity firm focused on acquiring mid-sized businesses operating in basic industries. Cortec Group is an experienced and knowledgeable investor in healthcare products and services, B2C and B2B products, value-added distribution (including eCommerce), and specialty services companies with equity of $100-$500 million and EBITDA of $10 to $50 million. Cortec Group was formed in 1984 and is based in New York City.


DEAL STATS #
Overall 26 of 49
Sector: Technology Hardware M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 16
State: Illinois M&A 3 of 5
Country: United States M&A 26 of 48
Year: 2012 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 The Hygenic

Akron, Ohio, United States

Hygenic is a manufacturer of natural rubber, latex and synthetic rubber products primarily serving the medical and therapy/fitness industries as well as some other industrial applications.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-23 101 Mobility

Wilmington, North Carolina, United States

101 Mobility is a provider of mobility and accessibility solutions for both consumer and commercial applications. The Company’s core products include stairlifts, wheelchair ramps, vertical platform lifts, vehicle lifts for mobility devices, pool lifts, turning automotive seats, and residential elevators, among others. 101 Mobility was founded in 2008 and is based in Wilmington, North Carolina.

Buy -

Seller(S) 2

SELLER

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 9 of 49
Sector: Technology Hardware M&A 2 of 3
Type: Secondary Buyout M&A Deals 3 of 19
State: Illinois M&A 3 of 6
Country: United States M&A 9 of 49
Year: 2012 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Receivables Management Partners

Greensburg, Indiana, United States

Receivables Management Partners is a licensed and bonded accounts receivable management company. The Company specializes in the healthcare space, collecting on a first-party and third-party basis for leading hospitals and physician groups throughout the Midwest. Receivables Management Partners is based in Greensburg, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 AdHost

Seattle, Washington, United States

Adhost is a data center provider delivering complete server colocation, virtual cloud servers, and managed server solutions via three secure, carrier-neutral Seattle data centers. AdHost is based in Seattle, Washington.

Buy -
SELLER

Dixon Midland Company

Chicago, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1997
Size Small
Type Sector Agnostic
DESCRIPTION

Dixon Midland Company is an alternative investment manager focused on private equity, non-control equity, and hedge fund investment strategies. The Firm's private equity group seeks majority investments in growth-oriented companies with leading market positions and diversified product offerings. Dixon Midland targets profitable companies with at least $4 million of EBITDA and valued between $25 and $100 million. Areas of interest include business services, consumer services, healthcare services, e-commerce, branded products, energy services, and specialty insurance. Dixon Midland was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 4
Sector: Technology Hardware M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Illinois M&A 2 of 3
Country: United States M&A 3 of 4
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-19 Levata

Chicago, Illinois, United States

Levata is a provider of products and services that enable businesses to digitally capture and act on data related to their assets, people, and transactions. Levata was founded in 1994 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-30 Destiny Dental

Chicago, Illinois, United States

Destiny Dental is a provider of business and administrative services to pediatric dental clinics. Destiny Dental supports a network of clinics that provide compassionate, kid-friendly dental care to lower-income communities which are underserved by traditional dentists and community health organizations. Destiny Dental was founded in 2010 and is based in Chicago, Illinois.

Sell -