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  6. Milestone Partners and Spell Capital Partners Invest In LEARN Behavioral

Investment Summary

Milestone Partners and Spell Capital Partners Invest In LEARN Behavioral

On November 30, 2010, private equity firms Milestone Partners and Spell Capital Partners invested in education company LEARN Behavioral

Investment Highlights
  • This is Milestone Partners’ 1st and Spell Capital Partners’ 1st transaction in the Education sector.
  • This is Milestone Partners’ 23rd and Spell Capital Partners’ 16th transaction in the United States.
  • This is Milestone Partners’ 3rd and Spell Capital Partners’ 1st transaction in California.
Investment Fate
  • LEARN Behavioral was sold to a consortium of financial buyers in 2016.
  • LEARN Behavioral was sold to a consortium of financial buyers in 2019.

Investment Summary
Date 2010-11-30
Target LEARN Behavioral
Sector Education
Investor(s) Milestone Partners
Spell Capital Partners
Deal Type Growth Capital
Advisor(s) Mufson Howe Hunter & Co., (Financial)

Target

LEARN Behavioral

Burbank, California, United States
LEARN Behavioral is a network of providers serving children with autism and other special needs. LEARN specializes in behavioral health treatment based on the science of Applied Behavior Analysis and is committed to providing programs and services that are family-focused, community-minded, and delivered with the highest clinical integrity. The LEARN team delivers more than two million hours of services annually and comprises more than 3,000 passionate professionals dedicated to nurturing each child’s personal best. LEARN Behavioral was founded in 2007 and is based in Burbank, California.

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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 23 of 40
Sector (Education) 1 of 1
Type (Growth Capital) 2 of 4
State (California) 3 of 4
Country (United States) 23 of 39
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-22 Interconnect Devices

Kansas City, Kansas, United States

Interconnect Devices, Inc. (IDI) designs, manufactures and sells connectors, interfaces and spring contact probes to aerospace, military, electronic, medical, semiconductor, printed circuit board, radio, telephone and automotive companies. IDI’s products are specialized and the company focuses on solutions for applications that require highly reliable and precise electrical connections.

Sell $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Knights Apparel

Spartanburg, South Carolina, United States

Knights Apparel, Inc. is a designer and supplier of licensed sports apparel. Knights is a licensee for colleges and universities, professional leagues, and professional teams, often under arrangements providing some level of exclusivity. Knights’ products include apparel across a number of categories, including t-shirts, fleeces and sweatshirts, and shorts for men, women, and infant/toddler consumers. Its products are sold to big box retailers, specialty sporting goods stores and bookstores.

Sell -
Investor

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 16 of 54
Sector (Education) 1 of 1
Type (Growth Capital) 2 of 13
State (California) 1 of 3
Country (United States) 16 of 51
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-17 Norshield

Montgomery, Alabama, United States

Norshield is a provider of attack protection systems providing the most comprehensive security product offering in the industry. Norshield products include steel and aluminum blast-resistant, bullet-resistant, and attack-resistant doors, windows, and guard enclosures. Norshield was founded in 1981 and is based in Montgomery, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-02 Rotonics Manufacturing

Commerce City, Colorado, United States

Rotonics Manufacturing, Inc. is a rotational molding company. Rotonics Manufacturing produces a wide variety of both proprietary and custom plastic parts and products for a broad group of industries and applications, including commercial, governmental, military, agriculture, healthcare, packaging, energy and residential.

Sell -
Mergr

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