M&A Deal Summary

L2 Capital Partners and Capitala Group Acquire Jurassic Quest

On May 22, 2019, family office L2 Capital Partners and asset manager Capitala Group acquired media company Jurassic Quest

Acquisition Highlights
  • This is L2 Capital Partners’ 1st and Capitala Group’s 1st transaction in the Media sector.
  • This is L2 Capital Partners’ 10th and Capitala Group’s 77th transaction in the United States.
  • This is L2 Capital Partners’ 1st and Capitala Group’s 4th transaction in Texas.

M&A Deal Summary

Date 2019-05-22
Target Jurassic Quest
Sector Media
Buyer(s) L2 Capital Partners
Capitala Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Statesman Business Advisors (Financial)

Target

Jurassic Quest

Spring, Texas, United States
Jurassic Quest is an operator of family event business that produces the major interactive dinosaur events in North America. Jurassic Quest is a most realistic dinosaur-themed exhibition in the United States. JQ operated two touring companies that covered approximately 90 events in 34 states with over 80 life-like dinosaurs in each exhibition; displays span the Cretaceous, Triassic and Jurassic eras. Life-sized dinosaurs are exhibited in their natural habitats and placed in action scenes in convention halls and expo centers to educate, entertain and thrill the audience. Jurassic Quest was founded in 2013 and is based in Spring, Texas.

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Buyer(S) 2

Buyer

L2 Capital Partners

Devon, Pennsylvania, United States

Investor Investor Investor Investor


Category Family Office
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

L2 Capital Partners is a lower middle-market private equity firm focused on investing in manufacturing, distribution and service companies. L2 looks to invest up to $20 million per transaction to support shareholder liquidity needs, ownership transitions, or for growth. L2 will consider opportunities throughout North America with generating $10 to $125 million in revenue and up to $20 million of EBITDA. L2 Capital was formed in 2011 and is based in Devon, Pennsylvania.


DEAL STATS #
Overall 10 of 16
Sector: Media M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 11
State: Texas M&A 1 of 1
Country: United States M&A 10 of 16
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 Orion Talent

Cary, North Carolina, United States

Orion Talent provides skilled talent acquisition, recruitment optimization, and military hiring to businesses nationwide. Orion Talent helps organizations acquire the best talent from around the world. Orion Talent was founded in 1991 and is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 LSC

Apalachin, New York, United States

LSC is a manufacturer of premiere products and equipment designed to address the persistent environmental challenges of erosion, odor, land reclamation, waste cover, seeding, and dust. LSC was founded in 1990 and is based in Apalachin, New York.

Sell -
Buyer

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 78 of 100
Sector: Media M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 34 of 42
State: Texas M&A 4 of 5
Country: United States M&A 77 of 99
Year: 2019 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 Chicken Soup for the Soul

Cos Cob, Connecticut, United States

Chicken Soup for the Soul publishes the famous Chicken Soup for the Soul book series. With well over 100 million books sold to date in the U.S. and Canada, more than 250 titles, and translations into more than 40 languages, the phrase “chicken soup for the soul” is known worldwide and is regularly referenced in pop culture. Chicken Soup for the Soul was founded in 1993 and is based in Cos Cob, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 MPL Holdings

Fairland, Indiana, United States

MPL Holdings LLC is a build-to-order manufacturer of cultured marble bath products and accessories. MPL Holdings primarily serves hospitality brands throughout the U.S. and Canada. Cultured marble is an engineered composite produced with a precise blend of materials that are molded with a gel coat finish. MPL’s core product offering consists of shower panels/surrounds, shower pans, and accessories.

Sell -