M&A Deal Summary

Endeavor Capital Management and Perseus Acquire NxtPhase

On April 25, 2005, private equity firm Endeavor Capital Management and merchant bank Perseus acquired electrical equipment company NxtPhase

Acquisition Highlights
  • This is Endeavor Capital Management’s 2nd and Perseus’ 3rd transaction in the Electrical Equipment sector.
  • This is Endeavor Capital Management’s 1st and Perseus’ 1st transaction in Canada.
  • This is Endeavor Capital Management’s 1st and Perseus’ 1st transaction in British Columbia.
Investment Fate
  • NxtPhase was sold to a strategic buyer in 2009.

M&A Deal Summary

Date 2005-04-25
Target NxtPhase
Sector Electrical Equipment
Buyer(s) Endeavor Capital Management
Perseus
Deal Type Buyout (LBO, MBO, MBI)

Target

NxtPhase

Vancouver, British Columbia, Canada
NxtPhase is a manufacturer and marketer of optical sensors and digital solutions to the electric power industry that enable improved measurement reliability and management of electric power transmission.

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Buyer(S) 2

Buyer

Endeavor Capital Management

Portland, Oregon, United States

Category Private Equity Firm
Founded 1988
Size Small
Type Sector Agnostic
DESCRIPTION

Endeavor Capital Management is a private investment firm that targets expansion investments and buyout opportunities valued up to $50 million. Endeavor also looks to acquire portfolios of expansion stage companies from individual, corporate or other private equity investors. Endeavor prefers opportunities located in North America and Europe, and targets businesses operating in the environmental technologies, energy/utilities, communications, software, business process outsourcing, and technology oriented manufacturing and service sectors. The Firm looks to commit $500k to $5 million per transaction. Endeavor Capital Management was formed in 1988 and is based in Westport, Connecticut.


DEAL STATS #
Overall 5 of 5
Sector: Electrical Equipment M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-13 Clean Air Power

Poway, California, United States

Clean Air Power, Inc. designs, develops and delivers Dual-FuelTM and second-generation MicroPilot engine systems to enable heavy-duty, compression-ignited engines to run on natural gas mixed with small quantities of diesel to act as the “spark” that ignites the gas. Clean Air Power was founded in 1991 and is based in Poway, California.

Buy $6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-28 Enerwise Global

Kennett Square, Pennsylvania, United States

Enerwise Global is a provider of managed energy services to commercial and industrial customers.

Sell $76M
Buyer

Perseus

Washington, District of Columbia, United States

Category Merchant Bank
Founded 1995
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Perseus is a private equity firm focused on middle-market buyouts, recapitalizations, and growth equity investments. Perseus looks businesses operating with proven management, strong brands, and 'powerful intellectual property'. Sectors of interest include biotechnology, medical devices, branded consumer products, business services, information technology, communications, and energy/environmental service companies. Perseus was formed in 1995 and maintains offices in Washington DC, New York City, and Munich.


DEAL STATS #
Overall 14 of 28
Sector: Electrical Equipment M&A 3 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 12
State: British Columbia M&A 1 of 2
Country: Canada M&A 1 of 2
Year: 2005 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-07 MTN Satellite Communications

Miramar, Florida, United States

MTN Satellite Communications, Inc. is a provider of communications and content services for remote locations around the world.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Haggar

Farmers Branch, Texas, United States

Haggar is a manufacturer of men’s fine dress pants and slacks into one of the recognized apparel brands in the market. Haggar was founded in 1926 and is based in Dallas, Texas.

Buy $212M