M&A Deal Summary

HarbourVest Partners and Court Square Capital Partners Acquire Smart City

On January 1, 2018, private equity firms HarbourVest Partners and Court Square Capital Partners acquired communications company Smart City

Acquisition Highlights
  • This is HarbourVest Partners’ 12th and Court Square Capital Partners’ 3rd transaction in the Communications sector.
  • This is HarbourVest Partners’ 100th and Court Square Capital Partners’ 42nd transaction in the United States.
  • This is HarbourVest Partners’ 3rd and Court Square Capital Partners’ 1st transaction in Nevada.

M&A Deal Summary
Date 2018-01-01
Target Smart City
Sector Communications
Buyer(s) HarbourVest Partners
Court Square Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Smart City

Las Vegas, Nevada, United States
Smart City is a provider of quality, advanced technology and telecommunication services to the convention, trade show, and event industry. Smart City is based in Las Vegas, Nevada.

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Buyer(S) 2

Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.

DEAL STATS #
Overall 168 of 223
Sector (Communications) 12 of 14
Type (Buyout (LBO, MBO, MBI)) 35 of 41
State (Nevada) 3 of 4
Country (United States) 100 of 134
Year (2018) 1 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Advance Health

Chantilly, Virginia, United States

Advance Health is a healthcare provider of prospective health risk assessments (“HRAs”). Advance Health offers in-home and facility-based HRAs and chronic care management services for health plans. Advance Health was founded in 2010 and is based in Chantilly, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Harbor Community Bank

Indiantown, Florida, United States

Harbor Community Bank is a bank holding company that was established by veteran Florida bankers to build a strong community banking franchise along the east coast of Florida. Harbor Community Bank was founded in 2010 and is based in Indiantown, Florida.

Buy -
Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.

DEAL STATS #
Overall 45 of 67
Sector (Communications) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 12 of 17
State (Nevada) 1 of 1
Country (United States) 42 of 64
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-20 Research Now Group

Plano, Texas, United States

Research Now Group is a global leader in data collection through online and mobile surveys utilizing proprietary consumer and business panels. It recruits, qualifies and matches individual consumer or business professional panelists with specific demographic characteristics to provide targeted results for end customers’ surveys. Research Now Group was founded in 1940 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Kodiak Building Partners

Englewood, Colorado, United States

Kodiak Building Partners is a building products distribution platform. The Company manages over 30 facilities across the U.S. and operates through a decentralized, local brand business model. Products and services offered by Kodiak-owned brands include construction supplies, lumber & building materials (LBM), kitchen & bath, gypsum, and windows & doors. Kodiak Building Partners was founded in 2011 and is headquartered in Englewood, Colorado.

Buy -
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