M&A Deal Summary

Gryphon Investors Acquires RegEd

On December 20, 2018, private equity firm Gryphon Investors acquired internet software and services company RegEd from Falfurrias Capital Partners

Acquisition Highlights
  • This is Gryphon Investors’ 2nd transaction in the Internet Software and Services sector.
  • This is Gryphon Investors’ 47th transaction in the United States.
  • This is Gryphon Investors’ 4th transaction in North Carolina.

M&A Deal Summary
Date 2018-12-20
Target RegEd
Sector Internet Software and Services
Buyer(s) Gryphon Investors
Sellers(s) Falfurrias Capital Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
McGuireWoods (Legal)

Target

RegEd

Morrisville, North Carolina, United States
RegEd is a provider of SaaS-based Governance, Risk & Compliance enterprise software solutions to automate and streamline critical regulatory compliance and regulatory change management functions for broker-dealers, financial advisor firms, insurance carriers/brokers, banks, and other financial services firms. RegEd was founded in 1994 and is based in Morrisville, North Carolina.

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Buyer(S) 1

Buyer

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 47 of 76
Sector (Internet Software and Services) 2 of 4
Type (Secondary Buyout) 12 of 25
State (North Carolina) 4 of 4
Country (United States) 47 of 75
Year (2018) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Orchid

Vero Beach, Florida, United States

Orchid is a managing general underwriter providing specialty property and casualty insurance products to homeowners, high net worth individuals and small businesses, primarily in coastal regions throughout the U.S. and the Caribbean. Orchid provides proprietary insurance solutions for hard-to-place risks to a growing, national network of retail agents and other strategic distribution partners. Orchid was founded in 1998 and is based in Vero Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 RoC

New York, New York, United States

RoC is an independent skincare brand offering clinically proven, dermatologist-backed skin health solutions. The company offers hypoallergenic skincare products, broad-spectrum UV protection, and stabilized Retinol products. Its products are sold globally, including in the U.S., Canada, Europe, Australia and China. RoC was founded in 1957 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.

DEAL STATS #
Overall 9 of 16
Sector (Internet Software and Services) 1 of 1
Type (Secondary Buyout) 4 of 8
State (North Carolina) 6 of 6
Country (United States) 9 of 16
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Attane

Kansas City, Missouri, United States

Attane is a provider of tech-enabled and data-driven marketing solutions to senior living communities. Attane helps senior living communities achieve occupancy and other key targets through its broad solution offering that includes market research, brand and communications management, lead generation and conversion strategies, marketing content development and distribution, sales enablement and training, and community engagement tools. Attane was founded in 1986 and is based in Kansas City, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-21 Sauer Brands

Richmond, Virginia, United States

Sauer Brands manufactures a broad line of inspired flavors including condiments, spices, seasonings, and extracts. The company’s manufacturing facilities in Mauldin, South Carolina. New Century, Kansas, and San Luis Obispo, California, the company sells well-known brands such as Duke’s Mayonnaise, The Spice Hunter, Sauer’s, Gold Medal and BAMA, as well as high-quality private label products, through the retail and foodservice channels. Sauer Brands was founded 1887 and is based Richmond, virginia.

Buy -
Mergr

Product

Company

Legal