Investment Summary

Kayne Anderson Capital Advisors Invests In FreightWaves

On July 24, 2020, asset manager Kayne Anderson Capital Advisors invested in digital media company FreightWaves

Investment Highlights
  • This is Kayne Anderson Capital Advisors’ 1st transaction in the Digital Media sector.
  • This is Kayne Anderson Capital Advisors’ 151st transaction in the United States.
  • This is Kayne Anderson Capital Advisors’ 3rd transaction in Tennessee.

Investment Summary

Date 2020-07-24
Target FreightWaves
Sector Digital Media
Investor(s) Kayne Anderson Capital Advisors
Deal Type Growth Capital

Target

FreightWaves

Chattanooga, Tennessee, United States
FreightWaves is a market intelligence and data company serving the freight and logistics market through its SONAR SaaS platform that provides real-time data and analytics, its award winning digital media arm that distributes market research insights, and its community business unit that is the industry’s leading freight events platform. FreightWaves was founded in 2017 and is based in Chattanooga, Tennessee.

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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 167 of 178
Sector: Digital Media M&A 1 of 1
Type: Growth Capital M&A Deals 47 of 52
State: Tennessee M&A 3 of 3
Country: United States M&A 151 of 161
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-14 Drivewyze

Edmonton, Alberta, Canada

Drivewyze is a smart mobility services company for the transportation industry. Drivewyze serves commercial drivers and fleets with innovative trucking apps such as Drivewyze PreClear Bypass service. Drivewyze was founded in 2010 and is based in Edmonton, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Endless Mountain Energy Partners

Olyphant, Pennsylvania, United States

Endless Mountain Energy is a private exploration and production company based in Harrisburg, Pennsylvania that was formed to pursue the joint venture development of Marcellus Shale projects, primarily in the state of Pennsylvania.

Sell -