Investment Summary

Frontenac Invests In Band Digital

On January 1, 1995, private equity firm Frontenac invested in information technology company Band Digital

Investment Highlights
  • This is Frontenac’s 2nd transaction in the Information Technology sector.
  • This is Frontenac’s 13th transaction in the United States.
  • This is Frontenac’s 1st transaction in Hawaii.
Investment Fate
  • Band Digital was sold to a consortium of financial buyers in 2005 for 13M USD.
  • Band Digital went bankrupt in 2013.

Investment Summary

Date 1995-01-01
Target Band Digital
Sector Information Technology
Investor(s) Frontenac
Deal Type Growth Capital

Target

Band Digital

Chicago, Hawaii, United States
Whittman-Hart was an IT consulting and services firm focusing on middle-market customers. The company created an expansion model that enabled it to replicate its core service offerings, taking it from a single location to a total of 21 offices.

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Investor(S) 1

Investor

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 81
Sector: Information Technology M&A 2 of 11
Type: Growth Capital M&A Deals 1 of 3
State: Hawaii M&A 1 of 1
Country: United States M&A 13 of 77
Year: 1995 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 Sunrise Senior Living

McLean, Virginia, United States

Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-13 Discover Re Managers

Farmington, Connecticut, United States

Discover Re Managers provided insurance, excess insurance, reinsurance and related services to the Alternative Risk Transfer (ART) commercial property casualty insurance market. ART clients are sophisticated organizations such as major corporations, government entities and large non-profits.

Sell -