M&A Deal Summary

Flexpoint Ford and Rotunda Capital Partners Acquire Financial Pacific Leasing

On October 13, 2010, private equity firms Flexpoint Ford and Rotunda Capital Partners acquired financial services company Financial Pacific Leasing from Ares Private Equity Group

Acquisition Highlights
  • This is Flexpoint Ford’s 2nd and Rotunda Capital Partners’ 1st transaction in the Financial Services sector.
  • This is Flexpoint Ford’s 7th and Rotunda Capital Partners’ 2nd transaction in the United States.
  • This is Flexpoint Ford’s 1st and Rotunda Capital Partners’ 1st transaction in Washington.
Investment Fate
  • Financial Pacific Leasing was sold to a publicly-traded strategic buyer in 2013 for 158M USD.

M&A Deal Summary

Date 2010-10-13
Target Financial Pacific Leasing
Sector Financial Services
Buyer(s) Flexpoint Ford
Rotunda Capital Partners
Sellers(s) Ares Private Equity Group
Deal Type Recapitalization

Target

Financial Pacific Leasing

Federal Way, Washington, United States
Financial Pacific Leasing, Inc. is a commercial finance company that leases equipment to small businesses.

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Buyer(S) 2

Buyer

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 56
Sector: Financial Services M&A 2 of 16
Type: Recapitalization M&A Deals 2 of 2
State: Washington M&A 1 of 2
Country: United States M&A 7 of 50
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-09 Eagle Hospital Physicians

Dallas, Texas, United States

Eagle Hospital Physicians LLC is an independent, physician-led company that focuses on developing and managing hospitalist practices for its hospital partners. Eagle Hospital Physicians is a leading practice management company providing hospitalist contract services, tele medicine and hospitalist temporary staffing. We organize and manage an outpatient clinic to support our physicians’ and hospital’s commitment to our community.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 T&H Global Holdings

Naperville, Illinois, United States

T&H Global Holdings LLC is a provider of insurance claims services to insurance carriers, insurance brokers, corporations and public entities.

Buy -
Buyer

Rotunda Capital Partners

Bethesda, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Rotunda Capital Partners is a private equity firm which invests equity and debt capital in established and profitable lower middle market companies. The Company targets businesses valued between $50 and $200 million with defensible market positions and strong growth prospects. Sectors of interest include financial services, business services, manufacturing, government services, insurance services, logistics and distribution, retail, and consumer. Rotunda Capital Partners is based in Bethesda, Maryland with an additional office in Chicago.


DEAL STATS #
Overall 2 of 26
Sector: Financial Services M&A 1 of 2
Type: Recapitalization M&A Deals 2 of 4
State: Washington M&A 1 of 1
Country: United States M&A 2 of 26
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-13 Worldwide Express

Dallas, Texas, United States

Worldwide Express is a provider of third-party logistics services, including small parcel, LTL, FTL, and air freight shipping services to small and medium-sized businesses through a national presence of company-owned and franchise locations. Worldwide Express was established in 1995 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-24 Rubicon

Atlanta, Georgia, United States

Rubicon is a digital marketplace for waste and recycling services, provides cloud-based waste and recycling solutions to businesses, governments, and organizations worldwide. The company provides solutions for waste generators; and haulers and recyclers. Rubicon was founded in 2008 and is headquartered in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 12 of 59
Sector: Financial Services M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 2
State: Washington M&A 1 of 1
Country: United States M&A 11 of 47
Year: 2010 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-28 Plasco Energy Group

Ottawa, Ontario, Canada

Plasco Energy Group is a waste-to-energy company that is commercializing a new environmentally favorable solution to waste-to-energy disposal. Plasco has designed a facility that reduces municipal solid waste into syngas via a plasma torch with the application of extreme heat. The syngas is subsequently used to create power. Plasco Energy Group is based in Ottawa, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-03 Floor and Decor Outlets of America

Atlanta, Georgia, United States

Floor & Decor Outlets of America, Inc. is a value retailer focusing on hard surface flooring in large warehouse-style locations. Hard surface flooring includes ceramic tile, hardwood, hardwood-laminate flooring, and different types of natural stone tiles such as granite, marble, slate, travertine and limestone.

Buy -