M&A Deal Summary

GCP Capital Partners, LLR Partners and aPriori Capital Partners Acquire Peachtree Settlement Funding

On November 21, 2006, merchant bank GCP Capital Partners, private equity firm LLR Partners and private equity firm aPriori Capital Partners acquired financial services company Peachtree Settlement Funding for 402M GBP

Acquisition Highlights
  • This is GCP Capital Partners’ 4th, LLR Partners’ 4th and aPriori Capital Partners’ 4th transaction in the Financial Services sector.
  • This is GCP Capital Partners’ 2nd, LLR Partners’ 0th and aPriori Capital Partners’ 9th largest (disclosed) transaction.
  • This is GCP Capital Partners’ 16th, LLR Partners’ 25th and aPriori Capital Partners’ 30th transaction in the United States.
  • This is GCP Capital Partners’ 3rd, LLR Partners’ 11th and aPriori Capital Partners’ 2nd transaction in Pennsylvania.
Investment Fate
  • Peachtree Settlement Funding merged with another company in 2011.

M&A Deal Summary

Date 2006-11-21
Target Peachtree Settlement Funding
Sector Financial Services
Buyer(s) GCP Capital Partners
LLR Partners
aPriori Capital Partners
Deal Type Going Private
Deal Value 402M GBP

Target

Peachtree Settlement Funding

Radnor, Pennsylvania, United States
Peachtree Settlement Funding, LLC is a specialty finance company that purchases structured legal settlements and other payment streams to provide tax-efficient liquidity to consumers.

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Buyer(S) 3

Buyer

GCP Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $10 to $50 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.


DEAL STATS #
Overall 17 of 44
Sector (Financial Services) 4 of 11
Type (Going Private) 1 of 1
State (Pennsylvania) 3 of 4
Country (United States) 16 of 42
Year (2006) 3 of 4
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-20 First Equity Card

North Wales, Pennsylvania, United States

First Equity Card is a provider of business credit solutions, including a highly innovative credit card program designed around the needs of small businesses. First Equity Card was founded in 2001 and is based in North Wales, Pennsylvania.

Buy $56M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Republic Companies

Dallas, Texas, United States

Republic Companies, Inc. is an insurance company providing personal and commercial property and casualty insurance products to individuals and small to medium business primarily in Texas.

Sell -
Buyer

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 25 of 127
Sector (Financial Services) 4 of 7
Type (Going Private) 1 of 1
State (Pennsylvania) 11 of 26
Country (United States) 25 of 126
Year (2006) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-02 Medmark

Pittsburgh, Pennsylvania, United States

Medmark Inc. is a specialty pharmacy that provides a broad range of specialty drugs, supplies and services to meet the unique requirements of administering specialty injectable and infusible pharmaceuticals and vaccines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-07 InfoHighway Communications

New York, New York, United States

InfoHighway Communications Corp. is a provider of hosted and managed communications solutions for small-to medium-sized businesses in the Northeast.

Sell -
Buyer

aPriori Capital Partners

Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 43 of 56
Sector (Financial Services) 4 of 6
Type (Going Private) 4 of 6
State (Pennsylvania) 2 of 2
Country (United States) 30 of 40
Year (2006) 5 of 6
Size (of disclosed) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-03 Focus Diagnostics

Cypress, California, United States

Focus Diagnostics, Inc. is a developer of immunodiagnostic and molecular diagnostic products.

Sell $208M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-08 Total Safety

Houston, Texas, United States

Total Safety is a provider of integrated safety and compliance services and the products necessary to support them, including gas detection, respiratory protection, safety training, fire protection, compliance and inspection, comprehensive flare services, industrial hygiene, onsite emergency medical treatment/paramedics, communications systems, engineered systems design, and materials management. Total Safety is based in Houston, Texas.

Buy -