M&A Deal Summary

Millpond Equity Partners and Wasena Capital Management Acquire Science Interactive

On November 21, 2016, private equity firms Millpond Equity Partners and Wasena Capital Management acquired education company Science Interactive

Acquisition Highlights
  • This is Millpond Equity Partners’ 1st and Wasena Capital Management’s 1st transaction in the Education sector.
  • This is Millpond Equity Partners’ 2nd and Wasena Capital Management’s 4th transaction in the United States.
  • This is Millpond Equity Partners’ 1st and Wasena Capital Management’s 1st transaction in Colorado.

M&A Deal Summary

Date 2016-11-21
Target Science Interactive
Sector Education
Buyer(s) Millpond Equity Partners
Wasena Capital Management
Deal Type Recapitalization

Target

Science Interactive

Englewood, Colorado, United States
Science Interactive is a provider of K-12, higher education, museums, libraries, laboratories, and distributors worldwide with comprehensive, standard-aligned content and educational products, services, and software. Science Interactive is based in Englewood, Colorado.

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Buyer(S) 2

DESCRIPTION

Millpond Equity Partners is a private equity firm focused on investing in companies operating in the education, training, or outsourced services sectors. The Firm will consider opportunities throughout the US and Canada and seeks businesses with up to $15 million in EBITDA. Specific areas of interest include education providers, assessment/testing services, career prep, compliance and risk management, human resources outsourcing, quality assurance, marketing services, and data collection providers. Millpond Equity Partners was formed in 2014 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 2 of 9
Sector (Education) 1 of 3
Type (Recapitalization) 2 of 2
State (Colorado) 1 of 2
Country (United States) 2 of 9
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Science First

Yulee, Florida, United States

Science First is a designer, manufacturer, and distributor of science education equipment and supplies, environmental sampling equipment, and portable planetariums. Science First was founded in 1960 and is based in Yulee, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 BrandRep

Santa Ana, California, United States

BrandRep is a provider of digital marketing services for small and medium-sized businesses. BrandRep combines a broad offering, providing a one-stop solution to businesses, with an attractive price point and an efficient, scalable delivery and service platform ideal for its SMB target market. BrandRep was founded in 2009 and is based in Santa Ana, California.

Buy -
DESCRIPTION

Wasena Capital Management is a private equity firm focused on lower middle-market company investments. Wasena will consider companies across the US and Canada with revenues of $7.5 to $100 million and at least $2.5 million of EBITDA. Target sectors include industrial manufacturing, value added distribution, healthcare services and business services with a particular interest in packaging, flow control, aerospace, consumer products, franchising and niche tech-enabled IT healthcare services. Wasena has a particular interest in partnering with management teams in businesses going through a transition. Wasena Capital Management is based in Vero Beach, Florida.


DEAL STATS #
Overall 4 of 5
Sector (Education) 1 of 2
Type (Recapitalization) 3 of 3
State (Colorado) 1 of 1
Country (United States) 4 of 5
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Science First

Yulee, Florida, United States

Science First is a designer, manufacturer, and distributor of science education equipment and supplies, environmental sampling equipment, and portable planetariums. Science First was founded in 1960 and is based in Yulee, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-12 Quick Med Claims

Pittsburgh, Pennsylvania, United States

Quick Med Claims is a provider of outsourced RCM solutions covering the entire claim cycle with unique, dual expertise in air and ground emergency transport services. QMC’s services and solutions platform maximizes reimbursement, cash collection, and timing, and ensures compliance for its diverse EMS-focused customer base. Quick Med Claims was founded in 1991 and is based in Pittsburgh, Pennsylvania.

Sell -