Investment Summary

Navigation Capital Partners and Slate Capital Group Invest In First Equity Card

On December 31, 2003, private equity firms Navigation Capital Partners and Slate Capital Group invested in safety/security company First Equity Card

Investment Highlights
  • This is Navigation Capital Partners’ 1st and Slate Capital Group’s 1st transaction in the Safety/Security sector.
  • This is Navigation Capital Partners’ 5th and Slate Capital Group’s 1st transaction in the United States.
  • This is Navigation Capital Partners’ 1st and Slate Capital Group’s 1st transaction in Pennsylvania.
Investment Fate
  • First Equity Card was recapitalized in 2006 for 56M USD.
  • First Equity Card was sold to a strategic buyer in 2022.

Investment Summary

Date 2003-12-31
Target First Equity Card
Sector Safety/Security
Investor(s) Navigation Capital Partners
Slate Capital Group
Deal Type Venture

Target

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.

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Investor(S) 2

Investor

Navigation Capital Partners

Atlanta, Georgia, United States

Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Navigation Capital Partners (NCP) is a private equity firm that makes growth and buyout investments in established mid-market companies with longstanding customer relationships, proprietary manufacturing processes, and mission-critical services. Target companies typically have annual sales up to $150 million and the firm can commit between $10 and $40 million of equity capital per transaction. Sectors of interest include engineered industrial products, automotive & recreational vehicle components, building & construction products, packaging products & services, specialty chemicals, value-added distribution, business services, financial services, healthcare services, and transportation/logistics. Navigation Capital Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 5 of 19
Sector: Safety/Security M&A 1 of 1
Type: Venture M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 2
Country: United States M&A 5 of 19
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-01 Packaging Plus

La Mirada, California, United States

Packaging Plus is an integrated, single-source provider of packaging solutions. The company's products and services include thermoforming, injection molding and contract packing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Zavata

Conshohocken, Pennsylvania, United States

Zavata, a voice tech help desk provider to large enterprise customers, was acquired in by Apollo Health Street (AHS), a global healthcare outsourcing solutions provider.

Buy -
Investor

Slate Capital Group

Baltimore, Maryland, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $30 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, light manufacturing, and food & beverage sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 1 of 16
Sector: Safety/Security M&A 1 of 1
Type: Venture M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 2
Country: United States M&A 1 of 16
Year: 2003 M&A 1 of 1
FOLLOWING 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.

Sell $56M