M&A Deal Summary

Highlander Partners and NMP Capital Acquire Biamp Systems

On November 30, 2017, private equity firm Highlander Partners and mezzanine finance firm NMP Capital acquired electronics company Biamp Systems from Lomar

Acquisition Highlights
  • This is Highlander Partners’ 1st and NMP Capital’s 2nd transaction in the Electronics sector.
  • This is Highlander Partners’ 22nd and NMP Capital’s 67th transaction in the United States.
  • This is Highlander Partners’ 1st and NMP Capital’s 2nd transaction in Oregon.

M&A Deal Summary
Date 2017-11-30
Target Biamp Systems
Sector Electronics
Buyer(s) Highlander Partners
NMP Capital
Sellers(s) Lomar
Deal Type Divestiture
Advisor(s) Pagemill Partners (Financial)

Target

Biamp Systems

Beaverton, Oregon, United States
Biamp Systems is a provider of commercial audio systems for business, education, and government facilities. Biamp Systems was founded in 1976 and is based in Beaverton, Oregon.

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Buyer(S) 2

Buyer

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.

DEAL STATS #
Overall 30 of 48
Sector (Electronics) 1 of 2
Type (Divestiture) 1 of 2
State (Oregon) 1 of 1
Country (United States) 22 of 34
Year (2017) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 LBC

Pasay, Philippines

LBC provides payments and money transfer, documents and mail, parcels and boxes, and cargo and logistics. LBC was founded in 1945 and is based in Pasay City, Phillippines.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Kernel Season s

Elk Grove Village, Illinois, United States

Kernel’s product portfolio includes more than a dozen popcorn flavors, ranging from simple butter and white cheddar to garlic parmesan and cheesy caramel corn, as well as popcorn oils and drizzles. The Company’s products are sold in more than 22,000 retailers, including mass merchants, grocery and specialty stores, throughout North America and internationally. The products also can be found in movie theaters in more than 30 countries worldwide, accounting for over 32,000 screens. Kernel Season's was formed in 1999 and is based in Elk Grove Village, Illinois.

Buy -
Buyer

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 69 of 88
Sector (Electronics) 2 of 3
Type (Divestiture) 6 of 6
State (Oregon) 2 of 2
Country (United States) 67 of 85
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Ramsey Industries

Tulsa, Oklahoma, United States

Ramsey Industries is a manufacturer of service cranes, industrial and commercial winches, planetary gear, and digger drives. Ramsey Industries was founded in 1944 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Kernel Season s

Elk Grove Village, Illinois, United States

Kernel’s product portfolio includes more than a dozen popcorn flavors, ranging from simple butter and white cheddar to garlic parmesan and cheesy caramel corn, as well as popcorn oils and drizzles. The Company’s products are sold in more than 22,000 retailers, including mass merchants, grocery and specialty stores, throughout North America and internationally. The products also can be found in movie theaters in more than 30 countries worldwide, accounting for over 32,000 screens. Kernel Season's was formed in 1999 and is based in Elk Grove Village, Illinois.

Buy -

Seller(S) 1

SELLER

Lomar

Beaverton, Oregon, United States
Category Company
Sector Technology Hardware
DESCRIPTION

Lomar Corp. is a provider of critical technologies that deliver sound, communications and work flow solutions worldwide.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Mergr

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