Investment Summary

HarbourVest Partners Invests In OTG Management

On September 7, 2016, private equity firm HarbourVest Partners invested in restaurant OTG Management

Investment Highlights
  • This is HarbourVest Partners’ 2nd transaction in the Restaurants sector.
  • This is HarbourVest Partners’ 90th transaction in the United States.
  • This is HarbourVest Partners’ 7th transaction in New York.

Investment Summary

Date 2016-09-07
Target OTG Management
Sector Restaurants
Investor(s) HarbourVest Partners
Deal Type Growth Capital
Advisor(s) Carnegie Investment Bank (Financial)

Target

OTG Management

New York City, New York, United States
OTG Management is an operator of airport food and beverage concessions. OTG Management was founded in 1996 and is based in New York City, New York.

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Investor(S) 1

Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B 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 147 of 214
Sector: Restaurants M&A 2 of 2
Type: Growth Capital M&A Deals 23 of 32
State: New York M&A 7 of 8
Country: United States M&A 90 of 130
Year: 2016 M&A 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Astound Broadband

Princeton, New Jersey, United States

Astound Broadband is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound Broadband was founded in 1993 and is based in Princeton, New Jersey.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 Finalsite

Glastonbury, Connecticut, United States

Finalsite is a SaaS-based learning and communications platform for K-12 independent and public schools and higher education institutions in the U.S. and internationally. The platform manages all aspects of a school’s web presence and facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. Finalsite was founded in 1998 and is based in Glastonbury, Connecticut.

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