M&A Deal Summary

Exeter Street Capital Partners Acquires SmartLab

On December 12, 2023, private equity firm Exeter Street Capital Partners acquired education company SmartLab from Brass Ring Capital

Acquisition Highlights
  • This is Exeter Street Capital Partners’ 1st transaction in the Education sector.
  • This is Exeter Street Capital Partners’ 4th transaction in the United States.
  • This is Exeter Street Capital Partners’ 1st transaction in Colorado.

M&A Deal Summary
Date 2023-12-12
Target SmartLab
Sector Education
Buyer(s) Exeter Street Capital Partners
Sellers(s) Brass Ring Capital
Deal Type Recapitalization

Target

SmartLab

Longmont, Colorado, United States
SmartLab is a provider of engaging STEM and digital media programs for elementary, middle, and high schools. SmartLab was founded in 1987 and is based in Longmont, Colorado.

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Buyer(S) 1

Buyer

Exeter Street Capital Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 4 of 4
Sector (Education) 1 of 1
Type (Recapitalization) 3 of 3
State (Colorado) 1 of 1
Country (United States) 4 of 4
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 Yebo Group

Tustin, California, United States

Yebo Group is a specialty packaging converter that provides wide-ranging solutions for the graphic packaging needs of customers in markets such as specialty retail, cosmetics, medical, promotional, agriculture and food service. Yebo’s diverse, fiber-based capabilities include folding carton, corrugated, and rigid/turned-edge boxes, as well as commercial printing. Yebo Group was founded in 2008 and is based in Tustin, California.

Buy -

Seller(S) 1

SELLER

Brass Ring Capital

Minnetonka, Minnesota, United States

Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Brass Ring Capital is a private investment firm focused on small company investments in the upper Midwest US. Brass Ring looks for profitable companies generating revenues of $5 to $50 million and EBITDA of $1 to $5 million. Sectors of interest include business services and manufacturing. Brass Ring's investment horizon is between four and five years. Brass Ring will not invest in companies requiring major restructuring or investment in technology. Brass Ring Capital is based in Minnetonka, Minnesota.

DEAL STATS #
Overall 9 of 9
Sector (Education) 1 of 1
Type (Recapitalization) 1 of 1
State (Colorado) 2 of 2
Country (United States) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Acterra Group

Marion, Iowa, United States

Acterra Group is a provider of maintenance, repair, inspection, construction, and installation services for complex fueling systems. Acterra Group was founded in 1958 and is based in Marion, Iowa.

Buy -
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