M&A Deal Summary

NCK Capital and Greyrock Capital Group Acquire Tricoci University of Beauty Culture

On September 24, 2018, private equity firm NCK Capital and mezzanine finance firm Greyrock Capital Group acquired education company Tricoci University of Beauty Culture

Acquisition Highlights
  • This is NCK Capital’s 2nd and Greyrock Capital Group’s 2nd transaction in the Education sector.
  • This is NCK Capital’s 3rd and Greyrock Capital Group’s 57th transaction in the United States.
  • This is NCK Capital’s 1st and Greyrock Capital Group’s 4th transaction in Illinois.

M&A Deal Summary

Date 2018-09-24
Target Tricoci University of Beauty Culture
Sector Education
Buyer(s) NCK Capital
Greyrock Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Tricoci University of Beauty Culture

Chicago, Illinois, United States
Tricoci University of Beauty Culture is a provider of fresh and innovative cosmetology, esthetics and barbering education in the Midwest, providing students with advanced technical skills, ethics, professionalism and leadership values. Tricoci University of Beauty Culture is based in Chicago, Illinois.

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Buyer(S) 2

DESCRIPTION

NCK Capital is a private equity firm focused on investing in growth-oriented lower middle-market companies with $2 to $10 million of EBITDA. The Firm will consider opportunities across the US and focuses on divestitures, management buyouts, recapitalizations, and owner retirement/exit situations. Sectors of interest include business/industrial services, manufacturing, healthcare, education, distribution, and restaurants/food. NCK Capital was formed in 2011 and is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 5
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 5
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 AmpliSource

Elizabethtown, Pennsylvania, United States

AmpliSource offers comprehensive, sustainable, and cost-effective by-product management solutions to the food manufacturing industry. AmpliSource provides waste solutions for confectionaries and bakeries, processing waste products into high-energy animal feed supplements. AmpliSource was founded in 1986 and is based in Elizabethtown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 City Wide Building Services

Dallas, Texas, United States

City Wide Building Services is a full-service commercial-building maintenance company that offers high, mid, and low-rise window cleaning to over 4,000 commercial, industrial, municipal, higher-education, and hospital properties. Complimentary services include equipment rental, pressure washing, inspection/certification, and building restoration/waterproofing services. City Wide Building Services was founded in 1968 and is based in Dallas, Texas.

Buy -
Buyer

Greyrock Capital Group

Walnut Creek, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Greyrock Capital Group provides mezzanine debt and equity capital to finance buyouts, recapitalizations and growth needs of middle market companies. Greyrock looks to invest between $8 and $40 million of equity and/or junior capital in companies with minimum revenues of $10 million and at least $2 million of EBITDA. Greyrock prefers companies in defensible markets with low cost structures. Greyrock Capital was formed in 2002 and has offices in San Francisco, California; Chicago, Illinois; and Westport, Connecticut.


DEAL STATS #
Overall 57 of 61
Sector (Education) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 30 of 33
State (Illinois) 4 of 4
Country (United States) 57 of 60
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 MWA Intelligence

Scottsdale, Arizona, United States

MWA Intelligence offers leading-edge technologies, world-class customer service and many years of expertise in the office equipment and utilities vertical markets delivering comprehensive solutions to companies in need of remote asset management and improved service standards. MWA's platform-independent approach to asset, service and mobile workforce management is flexible and scalable and can accommodate any company's unique requirements. MWA Intelligence is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 Andrews International

Valencia, California, United States

Andrews International is a provider of private security and risk mitigation services to the entertainment, high-end retail, financial services, commercial property management, and education verticals.

Sell -