Investment Summary

Harvest Partners Structured Capital and HarbourVest Partners Invest In OTG Management

On September 7, 2016, private equity firms Harvest Partners Structured Capital and HarbourVest Partners invested in restaurant OTG Management

Investment Highlights
  • This is Harvest Partners Structured Capital’s 2nd and HarbourVest Partners’ 2nd transaction in the Restaurants sector.
  • This is Harvest Partners Structured Capital’s 12th and HarbourVest Partners’ 89th transaction in the United States.
  • This is Harvest Partners Structured Capital’s 2nd and HarbourVest Partners’ 9th transaction in New York.

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

Target

OTG Management

New York, 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, New York.

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Investor(S) 2

Investor

Harvest Partners Structured Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
Size Large
Type Sector Agnostic
DESCRIPTION

Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.

DEAL STATS #
Overall 13 of 31
Sector (Restaurants) 2 of 2
Type (Growth Capital) 2 of 2
State (New York) 2 of 3
Country (United States) 12 of 30
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 PDI Software

Alpharetta, Georgia, United States

PDI Software is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Software was founded in 1983 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-22 Acrisure

Grand Rapids, Michigan, United States

Acrisure is a retail insurance brokerage offering comprehensive risk management and consulting solutions, including property & casualty, employee benefits, human resource outsourcing, loss & claims management, surety bonding and personal lines coverage. Acrisure was founded in 2005 and is based in Grand Rapids, Michigan.

Buy -
Investor

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 147 of 223
Sector (Restaurants) 2 of 2
Type (Growth Capital) 22 of 30
State (New York) 9 of 10
Country (United States) 89 of 134
Year (2016) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Astound

Princeton, New Jersey, United States

Astound 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 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.

Buy -
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