M&A Deal Summary

Main Street Capital Acquires Televerde

On January 13, 2011, private equity firm Main Street Capital acquired business services company Televerde

Acquisition Highlights
  • This is Main Street Capital’s 4th transaction in the Business Services sector.
  • This is Main Street Capital’s 37th transaction in the United States.
  • This is Main Street Capital’s 3rd transaction in Arizona.

M&A Deal Summary
Date 2011-01-13
Target Televerde
Sector Business Services
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

Televerde

Phoenix, Arizona, United States
Televerde is a B2B outsourced demand creation agency that helps companies to identify new customers and accelerate sales opportunities. Televerde’s core services include: sales demand creation; sales opportunity support and nurturing; data cleansing, enrichment, provisioning and management; market and account research; and content development. The company also has a data enhancement product that maintains and “scrubs” specific customer contact data to help improve a customer’s sales opportunity close ratio. Televerde was founded 1995 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 37 of 137
Sector (Business Services) 4 of 17
Type (Recapitalization) 11 of 56
State (Arizona) 3 of 5
Country (United States) 37 of 137
Year (2011) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-07 Affinity VideoNet

Denver, Colorado, United States

Affinity is headquartered in Denver, Colorado with an office in Wakefield, Massachusetts (suburb of Boston). For businesses where face-to-face meetings are essential, but time and cost prohibitive, Affinity offers the highest quality video conference suites, bridging and conferencing services and the most responsive scheduling bureau, providing just-like-being-there meetings. The Company has a large network of video locations across the globe, including more than 1,500 suites, and provides its customers a lower cost alternative to actual travel for meetings.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Van Gilder Insurance

Denver, Colorado, United States

Van Gilder Insurance is a privately held insurance brokerage firm serving clients in the Rocky Mountain region and across the U.S. The company offers business insurance, employee benefits programs, risk management services and personal insurance products.

Buy -
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