Investment Summary

HCAP Partners, J.P. Morgan Private Equity Group and BNP Paribas Developpement Invest In Saphyre

On March 22, 2022, growth capital firm HCAP Partners, private equity firm J.P. Morgan Private Equity Group and growth capital firm BNP Paribas Developpement invested in financial services company Saphyre

Investment Highlights
  • This is HCAP Partners’ 1st, J.P. Morgan Private Equity Group’s 1st and BNP Paribas Developpement’s 1st transaction in the Financial Services sector.
  • This is HCAP Partners’ 53rd, J.P. Morgan Private Equity Group’s 6th and BNP Paribas Developpement’s 2nd transaction in the United States.
  • This is HCAP Partners’ 1st, J.P. Morgan Private Equity Group’s 2nd and BNP Paribas Developpement’s 1st transaction in New Jersey.

Investment Summary

Date 2022-03-22
Target Saphyre
Sector Financial Services
Investor(s) HCAP Partners
J.P. Morgan Private Equity Group
BNP Paribas Developpement
Deal Type Venture

Target

Saphyre

Hoboken, New Jersey, United States
Saphyre leverages patented AI technology to digitize all pre-trade data and activities across multiple counterparties: from asset owners to investment managers, hedge funds to prime brokers, any client firms to broker-dealers and custodians, and much more. Saphyre was founded in 2017 and is based in Hoboken, New Jersey.

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Investor(S) 3

Investor

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2000
PE ASSETS 670M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $5 to $35 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 53 of 67
Sector: Financial Services M&A 1 of 1
Type: Venture M&A Deals 3 of 3
State: New Jersey M&A 1 of 2
Country: United States M&A 53 of 66
Year: 2022 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 Turbo International

Carlsbad, California, United States

Turbo International is a manufacturer of replacement turbochargers assemblies and components dedicated to serving the independent global aftermarket. The company has manufactured replacement parts for turbos fitted as original equipment. Turbo International was founded in 1989 and is based in Carlsbad, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-10 Cascade Technology Systems

Eugene, Oregon, United States

Cascade Technology Systems uses gig economy technology to efficiently provide on-demand, qualified, credentialed healthcare professionals to fill open, critical shifts at healthcare facilities. Its solutions improve staffing levels and reduce staffing-related costs for such facilities while providing nurses and nursing assistants unprecedented flexibility in their work lives. Cascade Technology Systems was formed in 2019 and is based in Eugene, Oregon.

Buy -
DESCRIPTION

J.P. Morgan Investment Management Inc. is the private equity and alternative investments group within JP Morgan Chase bank. The Unit was established in 1984 and is headquartered in New York City.


DEAL STATS #
Overall 8 of 8
Sector: Financial Services M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: New Jersey M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 SJI

Folsom, New Jersey, United States

SJI is an energy infrastructure holding company that delivers energy services to customers through two primary subsidiaries: SJI Utilities (SJIU) and SJI Energy Enterprises (SJIEE). SJIU houses the company’s regulated natural gas utility operations, delivering safe, reliable, and affordable natural gas to more than 700,000 residential, commercial and industrial customers across New Jersey via its South Jersey Gas and Elizabethtown Gas subsidiaries. SJIEE houses the company’s non-utility operations primarily focused on clean energy development and decarbonization via renewable energy production and energy management activities. SJI was founded in 1910 and is based in Folsom, New Jersey.

Buy $8.1B
DESCRIPTION

BNP Paribas Developpement is the growth-oriented development arm of financial services firm and bank BNP Paribas. BNP Paribas Developpement supports a range of lower middle-market companies and looks to invest in minority positions to support growth. BNP Paribas Developpement was formed in 1988 and is based in Paris, France.


DEAL STATS #
Overall 18 of 31
Sector: Financial Services M&A 1 of 1
Type: Venture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-17 CEME Group

Lyon, France

CEME Group specializes in electrical engineering, climate control, and the creation of automated systems for the industrial environment, hospitals, the services sector, and housing. CEME Group was founded in 1949 and is based in Lyon, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 Meca-Inox

Cergy, France

Meca-Inox manufactures and sells valves for industrial markets: Chemical, Food & Beverage, Industrial Gas, Pharma & Cosmetic, Thermal & nuclear power plants. Meca-Inox was founded in 1955 and is based in Cergy, France.

Buy -