Investment Summary

Kayne Anderson Capital Advisors Invests In Dirtt Environmental Solutions

On December 13, 2012, asset manager Kayne Anderson Capital Advisors invested in environmental company Dirtt Environmental Solutions

Investment Highlights
  • This is Kayne Anderson Capital Advisors’ 1st transaction in the Environmental sector.
  • This is Kayne Anderson Capital Advisors’ 8th transaction in Canada.
  • This is Kayne Anderson Capital Advisors’ 8th transaction in Alberta.
Investment Fate
  • Dirtt Environmental Solutions was sold to a financial buyer in 2014.

Investment Summary

Date 2012-12-13
Target Dirtt Environmental Solutions
Sector Environmental
Investor(s) Kayne Anderson Capital Advisors
Deal Type Stake Purchase

Target

Dirtt Environmental Solutions

Calgary, Alberta, Canada
Dirtt Environmental Solutions creates award-winning interiors with modular architectural solutions for industries including corporate, government, education and healthcare. The Dirtt family of solutions includes walls, power, networks, millwork, raised flooring and ICE software. All elements support reconfiguration, customization, distributed manufacturing, and a significantly lower carbon footprint than conventional construction. Dirtt Environmental Solutions was founded in 2003 and is based in Calgary, Canada.

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Investor(S) 1

Investor

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 92 of 178
Sector: Environmental M&A 1 of 1
Type: Stake Purchase M&A Deals 23 of 37
State: Alberta M&A 8 of 10
Country: Canada M&A 8 of 17
Year: 2012 M&A 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 19 Select Student Housing Properties and Development Property

United States

19 Select Student Housing Properties and Development Property comprises 12,049 beds, including 366 beds at an additional phase currently under development at an existing property.

Sell $863M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Search Optics

San Diego, California, United States

Search Optics is a digital marketing company that provides websites and online marketing services for the North American automotive industry. These services include Blueprint Platform™—a mobile-first website platform, managed paid search, search engine optimization, content and e-mail marketing, programmatic display, social media, local search, reputation management. Search Optics was founded in 1998 and is based in San Diego, California.

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