M&A Deal Summary |
|
|---|---|
| Date | 2021-08-16 |
| Target | Crane 1 |
| Sector | Machinery |
| Buyer(s) | L Squared Capital Partners |
| Sellers(s) | Pfingsten Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Piper Sandler & Co. (Financial) Katten Muchin Rosenman (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 550M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
L Squared Capital Partners is a private investment group focused on long-term investments in lower middle-market growth companies with $15 to $100 million in revenue. The Firm looks to commit $30 to $100 million per transaction and will consider opportunities throughout North America. Sectors of interest include tech-enabled services, industrial technology, and education. L Squared Capital was established in 2014 and is headquartered in Newport Beach, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 16 |
| Sector (Machinery) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 5 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 10 of 16 |
| Year (2021) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-09 |
Kanopy
San Francisco, California, United States Kanopy is a streaming video platform that offers millions of professors, students, and public library patrons free and convenient access to a unique collection of 30,000 highly curated films and documentaries. Kanopy was founded in 2008 and is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-08 |
Sterling Trading Tech
Chicago, Illinois, United States Sterling Trading Tech is a solutions provider for active and professional traders as well as hedge funds and prop trading groups. Sterling provides fast, stable, state-of-the-art products and services to the active trading community. Sterling Trading Tech was established in 2009 and is based in Chicago, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Pfingsten Partners is a private equity firm focused on investments in niche manufacturing, distribution, and business services companies. The Firm targets platform companies headquartered in the US although add-on acquisitions can be located outside the US. Prospective companies typically have revenues of $20 to $150 million and EBITDA of $3 to $12 million. Transaction types include private companies undergoing an ownership transition, corporate divestitures, strategic add-ons, and turnarounds. Pfingsten only invests in situations allowing for control. Pfingsten will not invest in real estate, natural resources, highly regulated businesses, retail, restaurants, early-stage companies, or technology. Pfingsten Partners was formed in 1989 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 40 |
| Sector (Machinery) | 6 of 6 |
| Type (Secondary Buyout) | 14 of 17 |
| State (Ohio) | 7 of 7 |
| Country (United States) | 34 of 40 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-15 |
Omega Systems
Reading, Pennsylvania, United States Omega Systems is a managed service provider (MSP) and managed security service provider (MSSP) to mid-market organizations in the financial services, government, manufacturing, professional services, and education industries. Omega Systems is based in Reading, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-20 |
New England Electrical
Kingston, Massachusetts, United States New England Electrical is an independent provider of electrical services serving the telecommunications, electric vehicle charging, and utility markets. New England Electrical is headquartered in Kingston, Massachusetts. |
Buy | - |
