Investment Summary

Kayne Anderson Capital Advisors Invests In Signal Automotive

On November 10, 2020, asset manager Kayne Anderson Capital Advisors invested in internet software and services company Signal Automotive

Investment Highlights
  • This is Kayne Anderson Capital Advisors’ 15th transaction in the Internet Software and Services sector.
  • This is Kayne Anderson Capital Advisors’ 17th transaction in Canada.
  • This is Kayne Anderson Capital Advisors’ 3rd transaction in British Columbia.

Investment Summary

Date 2020-11-10
Target Signal Automotive
Sector Internet Software and Services
Investor(s) Kayne Anderson Capital Advisors
Deal Type Growth Capital

Target

Signal Automotive

Surrey, British Columbia, Canada
Signal Automotive is a technology-enabled broker between wholesale automobile suppliers in Canada and wholesale buying dealerships in the U.S. Signal operates through a unique combination of proprietary software automation and managed services in order to optimize the journey between dealerships in Canada and the U.S. Signal provides dealerships in Canada and the U.S. transparent pricing, automated processes and workflows that save time and money on both sides of the wholesale transaction. Signal Automotive was founded in 2017 and is based in Surrey, British Columbia.

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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 168 of 177
Sector (Internet Software and Services) 15 of 15
Type (Growth Capital) 48 of 51
State (British Columbia) 3 of 3
Country (Canada) 17 of 17
Year (2020) 4 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 You.i TV

Ottawa, Ontario, Canada

You.i TV provides a proprietary user-interface engine to enterprise-level media and telecommunications companies to create world class video applications that run across multiple media devices, including mobile phones, tablets, game consoles, smart TVs and set-top boxes. You.i TV was founded in 2008 and is based in Ottawa, Ontario.

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