Investment Summary

Halpern Denny & Co., Quadrangle Group and Ridgemont Equity Partners Invest In Pathfire

On April 9, 2002, private equity firms Halpern Denny & Co., Quadrangle Group and Ridgemont Equity Partners invested in marketing company Pathfire for 27M USD

Investment Highlights
  • This is Halpern Denny & Co.’s 1st, Quadrangle Group’s 1st and Ridgemont Equity Partners’ 1st transaction in the Marketing sector.
  • This is Halpern Denny & Co.’s 3rd, Quadrangle Group’s 12th and Ridgemont Equity Partners’ 20th largest (disclosed) transaction.
  • This is Halpern Denny & Co.’s 7th, Quadrangle Group’s 7th and Ridgemont Equity Partners’ 31st transaction in the United States.
  • This is Halpern Denny & Co.’s 1st, Quadrangle Group’s 1st and Ridgemont Equity Partners’ 5th transaction in Texas.
Investment Fate
  • Pathfire was sold to a publicly-traded strategic buyer in 2007 for 30M USD.

Investment Summary

Date 2002-04-09
Target Pathfire
Sector Marketing
Investor(s) Halpern Denny & Co.
Quadrangle Group
Ridgemont Equity Partners
Deal Type Venture
Deal Value 27M USD

Target

Pathfire

Irving, Texas, United States
Pathfire, Inc. operates in the emerging market for digitizing, distributing, and managing various types of media and entertainment content through a proprietary digital network linking the owners and producers of various types of content with the consumer of that content.

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Investor(S) 3

Investor

Halpern Denny & Co.

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Halpern, Denny & Co. is a private equity investment firm that targets management buyouts and high growth, late stage expansion financings. In general, investments range between $5 million to $50 million per portfolio company. Investments less than $5 million are considered if the potential for return is either very high or if there is a follow-on investment opportunity. Moreover, investments up to $100 million can be completed with Halpern Denny co-investors. Industries of particular interest to Halpern, Denny & Co. include consumer, media/communications, distribution, specialty manufacturing, and healthcare. Halpern, Denny & Co. was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 11
Sector: Marketing M&A 1 of 2
Type: Venture M&A Deals 3 of 3
State: Texas M&A 1 of 1
Country: United States M&A 7 of 11
Year: 2002 M&A 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-22 Intellispace

Hackensack, New Jersey, United States

IntelliSpace, Inc. provides ethernet IP-based services. Its services include bandwidth, email, firewall, media services, professional services, PC backup, virus/spam/porn protection, virtual private network services, Web hosting, and wireless networks.

Buy $70M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-10 EnduraCare Therapy Management

Las Vegas, Nevada, United States

EnduraCare Therapy Management, Inc. provides contract therapy care to America's premier hospitals, long-term care facilities, and physician groups.

Buy -
Investor

Quadrangle Group

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 7 of 25
Sector: Marketing M&A 1 of 1
Type: Venture M&A Deals 3 of 4
State: Texas M&A 1 of 2
Country: United States M&A 7 of 19
Year: 2002 M&A 1 of 3
Size (of disclosed) 12 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-28 PGOA Media

Franklin, Tennessee, United States

PGOA Media is a media and marketing company providing value-added content to over 1,500 local newspaper partners in primarily suburban and tertiary markets throughout the United States. PGOA develops content in consumer interest categories including family, cooking, hometown/special interest, health and wellness, personal finance, and parenting. PGOA Media was founded in 1999 and is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-01 Charter Communications

Stamford, Connecticut, United States

Charter Communications is a broadband communications company. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet® access, and Charter Spectrum Voice. Charter Communications was incorporated in 1993 and is based in Stamford, Connecticut.

Buy -
Investor

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 31 of 136
Sector: Marketing M&A 1 of 2
Type: Venture M&A Deals 3 of 4
State: Texas M&A 5 of 32
Country: United States M&A 31 of 121
Year: 2002 M&A 4 of 6
Size (of disclosed) 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-28 Aurora Communications

United States

Aurora Communications, Inc. is a privately held company formed to acquire and operate small market radio stations throughout the United States. The company was acquired by Cumulus Media, Inc. in March 2002.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-17 Clean Earth

King of Prussia, Pennsylvania, United States

Clean Earth is a U.S.-based environmental-services company that provides hazardous and non-hazardous waste disposal, recycling, soil remediation, dredged-material processing, and electronic/industrial-waste management services. It operates a large network of fully-permitted Treatment, Storage and Disposal Facilities (TSDFs) across the United States, offering services to industries such as manufacturing, chemical, retail, energy, infrastructure, pharmaceuticals, and government. Clean Earth was established in 1990 and is based in King of Prussia, Pennsylvania.

Buy -