M&A Deal Summary

Inverness Graham Investments and Avante Capital Partners Acquire VistaApex Solutions

On August 6, 2018, private equity firm Inverness Graham Investments and mezzanine finance firm Avante Capital Partners acquired medical products company VistaApex Solutions

Acquisition Highlights
  • This is Inverness Graham Investments’ 4th and Avante Capital Partners’ 2nd transaction in the Medical Products sector.
  • This is Inverness Graham Investments’ 25th and Avante Capital Partners’ 25th transaction in the United States.
  • This is Inverness Graham Investments’ 3rd and Avante Capital Partners’ 5th transaction in Wisconsin.

M&A Deal Summary

Date 2018-08-06
Target VistaApex Solutions
Sector Medical Products
Buyer(s) Inverness Graham Investments
Avante Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

VistaApex Solutions

Racine, Wisconsin, United States
VistaApex Solutions is a manufacturer of dental and endodontic product solutions, small equipment, and ancillary consumable products. VistaApex Solutions was founded in 1997 and is based in Racine, Wisconsin.

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Buyer(S) 2

Buyer

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.


DEAL STATS #
Overall 25 of 38
Sector: Medical Products M&A 4 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 18
State: Wisconsin M&A 3 of 3
Country: United States M&A 25 of 38
Year: 2018 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-13 EiKO

Olathe, Kansas, United States

EiKO is a manufacturer of advanced lighting solutions for the commercial and industrial markets a US-based lighting manufacturer solving the lighting needs of industrial and commercial end‐users for over 40 years, with offices in the United States, Canada, Europe, and APAC. EiKO carries a broad range of LED lamps, indoor and outdoor LED fixtures, and traditional lighting products, selling through electrical distribution. Additionally, EiKO offers a comprehensive suite of services, including real-time quotation and availability, lighting layout tools, utility rebate tools, payback calculator, project financing, search and cross-reference tools. EiKO was founded in 1978 and is based in Olathe, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Corsica Technologies

Centreville, Maryland, United States

Corsica Technologies is a mature managed IT services provider serving small, midsize, and large organizations across the nation. Corsica's mission is clear - to provide customers with the best IT service possible, as efficiently as possible. Corsica Technologies was founded in 2003 and is based in Centreville, Maryland.

Buy -
Buyer

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 25 of 50
Sector: Medical Products M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 17
State: Wisconsin M&A 5 of 5
Country: United States M&A 25 of 50
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Vista Apex

Racine, Wisconsin, United States

Vista Apex is a manufacturer of consumable dental products for preventative oral hygiene, endodontics, and restorative dentistry. Vista Apex was founded in 1997 and is based in Racine, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Power Digital

San Diego, California, United States

Power Digital is a data-driven digital marketing agency, that offers services including: SEO, Content, Paid Media, Organic and Paid Social Media, PR, Influencer, Email, Conversion Rate Optimization, Migration, Amazon Marketing and Web Development, with an emphasis in helping brands scale revenue and increase profits through customer acquisition and retention programs. Power Digital was founded in 2012 and is based in San Diego, California.

Buy -