Investment Summary

Milestone Partners and Capital Southwest Invest In Blaschak Anthracite

On April 27, 2009, private equity firm Milestone Partners and business development company Capital Southwest invested in metals/mining company Blaschak Anthracite

Investment Highlights
  • This is Milestone Partners’ 1st and Capital Southwest’s 1st transaction in the Metals/Mining sector.
  • This is Milestone Partners’ 19th and Capital Southwest’s 2nd transaction in the United States.
  • This is Milestone Partners’ 4th and Capital Southwest’s 1st transaction in Pennsylvania.

Investment Summary
Date 2009-04-27
Target Blaschak Anthracite
Sector Metals/Mining
Investor(s) Milestone Partners
Capital Southwest
Deal Type Growth Capital

Target

Blaschak Anthracite

Mahanoy City, Pennsylvania, United States
Blaschak Anthracite is a miner, preparer, and marketer of anthracite, a relatively rare form of coal that has high carbon content, low levels of impurities, and a virtually smokeless burn, making it a valuable fuel for home heating and a variety of industrial applications. Blaschak Anthracite was founded in 1937 and is based in Mahanoy City, Pennsylvania.

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Investor(S) 2

Investor

Milestone Partners

Villanova, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. The Firm's target revenue size is $10 to $250 million. Milestone prefers companies with growth potential and proven management. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. Milestone Partners was formed in 1995 and is based in Villanova, Pennsylvania.

DEAL STATS #
Overall 19 of 40
Sector (Metals/Mining) 1 of 1
Type (Growth Capital) 1 of 4
State (Pennsylvania) 4 of 5
Country (United States) 19 of 39
Year (2009) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Black Letter Discovery

San Francisco, California, United States

Black Letter Discovery, Inc. (“BLD”) is a provider of discovery-related managed document review solutions to law firms and corporate legal departments, including temporary attorney staffing for document review, review facilities and project management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-05 Avure Technologies

Franklin, Tennessee, United States

Avure Technologies, Inc. is specializes in the design, manufacturing, installation and global support of high pressure presses machines.

Buy -
Investor

Capital Southwest

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1961
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 2 of 49
Sector (Metals/Mining) 1 of 1
Type (Growth Capital) 2 of 17
State (Pennsylvania) 1 of 1
Country (United States) 2 of 48
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-03 Cinatra Clean Technologies

Houston, Texas, United States

Cinatra Clean Technologies is a provider of the ORECO A/S patented hydrocarbon recovery and tank-cleaning processes. The company's automated, non-manned entry system enables rapid, environmentally safe cleaning and hydrocarbon recovery for above-ground crude oil, cat slurry and wastewater storage tanks. Cinatra Clean Technologies is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-11 iMemories

Scottsdale, Arizona, United States

iMemories is focused on preserving and sharing a lifetime of memories by taking old home movies on 8mm, Super 8, and VHS, as well as photo prints, negatives, and slides, and digitizing them with pristine quality so they last for generations to come. Their innovative app allows customers to view and share memories on any device, organize them, and add to them over time. iMemories was formed in 2006 and is based in Scottsdale, Arizona.

Buy -
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