Growth Capital • Information Technology

LLM Capital Partners, Banyan Investment Partners, Harbert Private Capital, Jefferson Capital Partners and Capitala Group Invest In Vology

On February 24, 2011, growth capital firm LLM Capital Partners, mezzanine finance firm Banyan Investment Partners, private equity firm Harbert Private Capital, mezzanine finance firm Jefferson Capital Partners and asset manager Capitala Group invested in information technology company Vology

Investment Context
  • This is LLM Capital Partners’ 1st, Banyan Investment Partners’ 3rd, Harbert Private Capital’s 2nd, Jefferson Capital Partners’ 1st and Capitala Group’s 4th transaction in the Information Technology sector.
  • This is LLM Capital Partners’ 11th, Banyan Investment Partners’ 44th, Harbert Private Capital’s 34th, Jefferson Capital Partners’ 4th and Capitala Group’s 35th transaction in the United States.
  • This is LLM Capital Partners’ 3rd, Banyan Investment Partners’ 15th, Harbert Private Capital’s 3rd, Jefferson Capital Partners’ 1st and Capitala Group’s 4th transaction in Florida.
Investment Fate
  • Vology was sold to a strategic buyer in 2022.

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Investment Summary

Date February 24, 2011
Target Vology
Sector Information Technology
Investor(s) LLM Capital Partners
Banyan Investment Partners
Harbert Private Capital
Jefferson Capital Partners
Capitala Group
Deal Type Growth Capital
Advisor(s) Hyde Park Capital (Financial)

Target Company

Vology

Clearwater, Florida, United States
Vology is a high-growth strategic solutions provider with the capabilities to handle full Information technology needs from managed services to field services and product solutions. Vology was founded in 1996 and is based in Clearwater, Florida.
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Investors Overview 5

Investor

LLM Capital Partners

Boston, Massachusetts, United States

Category Growth Capital Firm
Founded 1991
Size Small
Type Sector Agnostic
DESCRIPTION

LLM Capital Partners LLC is a private equity firm that makes growth capital investments in mid-sized companies. The Firm's investment strategy is to provide $10 to $30 million of non-control growth funding to businesses with enterprise values between $15 and $250 million. Broad sectors of interest include healthcare services, business services and niche manufacturing. LLM Capital was formed in 1991 and has offices in Boston, Massachusetts and San Francisco, California.


Deal Context for Investor #
Overall 11 of 12
Sector: Information Technology 1 of 2
Type: Growth Capital 2 of 3
State: Florida 3 of 4
Country: United States 11 of 12
Year: 2011 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-18 Hybrid Design Associates

Tempe, Arizona, United States

Hybrid Design Associates is a manufacturer of specialized high-reliability electronic assemblies for use in extreme temperature, shock and vibration environments, such as in oil and natural gas drilling. Hybrid's products, primarily printed circuit board assemblies, are engineered and built to customers' specifications and are critical components within their products. Hybrid's customers include the world's top manufactures of drilling tools, including rotary steerable tools used in directional drilling and logging while drilling and measurement while drilling tools. Hybrid also manufactures specialized electronic assemblies for use in GPS-guided munitions. Hybrid Design Associates was founded in 1980 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Ingenios Health Co.

Jacksonville, Florida, United States

Ingenios Health Co. is a provider of technology enabled in-home clinical assessments for Medicare Advantage, Managed Medicaid and Commercial Exchange lives in 7 states and Washington, D.C.

Buy -
Investor

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


Deal Context for Investor #
Overall 44 of 73
Sector: Information Technology 3 of 3
Type: Growth Capital 2 of 4
State: Florida 15 of 18
Country: United States 44 of 72
Year: 2011 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 American Mobility & Guest Services

Woburn, Massachusetts, United States

American Mobility & Guest Services, Inc. is a provider of fleet leasing operations of strollers, wheelchairs and electronically-controlled convenience vehicles for the theme park, amusement park, zoo, museum and shopping mall industries in the United States, Canada and the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-14 I.O. Metro

Lowell, Arizona, United States

I.O. Metro, LLC is a specialty lifestyle home furnishing retailer selling modern, eclectic, imported and domestically made furniture, lighting and home accessories. The Company currently operates 21 stores throughout several Midwestern states.

Buy -
Investor

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


Deal Context for Investor #
Overall 36 of 59
Sector: Information Technology 2 of 5
Type: Growth Capital 3 of 14
State: Florida 3 of 3
Country: United States 34 of 53
Year: 2011 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-20 Ivize Services

Atlanta, Georgia, United States

Ivize Services, Inc., headquartered in Atlanta, GA, is providers of litigations support, electronic data discovery, and related services, including data forensics and collections, imaging, coding, and reprographics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-23 Star Packaging

Atlanta, Georgia, United States

Star Packaging is a provider of flexographic printing, converting, and laminating for both the industrial and consumer packaging markets. Star Packaging is based in Atlanta, Georgia.

Buy -
Investor

Jefferson Capital Partners

Mandeville, Louisiana, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Jefferson Capital Partners II, L.P is a small, private investment firm focused on investing in companies operating in the Southeast and Midwest United States. Jefferson has a particular interest in transactions involving growth and expansion, acquisitions, management buyouts, and recapitalizations. Jefferson typically invests between $2 and $4 million of equity per transaction in companies with at least $10 million of revenue. However, larger transactions are possible through co-investment opportunities with the company's private equity partners. Industries of interest include manufacturing, industrial products, services, consumer products, distribution/wholesale, healthcare products and equipment, and applied technology. Jefferson Capital is based in Metairie, Louisiana.


Deal Context for Investor #
Overall 4 of 10
Sector: Information Technology 1 of 2
Type: Growth Capital 2 of 4
State: Florida 1 of 1
Country: United States 4 of 10
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-05 MaMa Rosa s Pizza

Sidney, Ohio, United States

MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 MaMa Rosa s Pizza

Sidney, Ohio, United States

MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store.

Sell -
Investor

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 Context for Investor #
Overall 36 of 104
Sector: Information Technology 4 of 6
Type: Growth Capital 6 of 30
State: Florida 4 of 14
Country: United States 35 of 103
Year: 2011 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 Navis TubeTex

Lexington, North Carolina, United States

Navis TubeTex designs, engineers and manufactures the world’s major machinery for the global knit, woven, nonwoven, technical, and geotextile industries. Navis TubeTex was founded in 1929 and is based in Lexington, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Hallcon

Chicago, Illinois, United States

Hallcon is a provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology, industrial companies, and other large employers seeking custom transportation solutions. Hallcon was founded in 1946 and is based in Chicago, Illinois.

Buy -