Investment Summary

Riverside and New Canaan Funding Exits Paradigm Tax Group

On July 1, 2019, invested in financial services company Paradigm Tax Group from Riverside and New Canaan Funding

Investment Highlights
  • This is transaction in the Financial Services sector.
  • This is transaction in the United States.
  • This is transaction in Arizona.
Investment Fate
  • Paradigm Tax Group was sold to a strategic buyer in 2022.

Investment Summary

Date 2019-07-01
Target Paradigm Tax Group
Sector Financial Services
Sellers(s) Riverside
New Canaan Funding
Deal Type Unknown

Target

Paradigm Tax Group

Phoenix, Arizona, United States
Paradigm Tax Group is an independent national provider of comprehensive property tax management services. PTG provides taxpayers with a full suite of services, including real and personal property tax appeals, pre-acquisition planning due diligence, complex property consulting, and business personal property tax compliance. Paradigm Tax Group was founded in 2004 and is based in Phoenix, Arizona.

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Seller(S) 2

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 147 of 207
Sector: Financial Services M&A 2 of 3
Type: M&A Deals 7 of 14
State: Arizona M&A 1 of 1
Country: United States M&A 103 of 146
Year: 2019 M&A 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-04 Galvanina

Rimini, Italy

Galvanina is a producer of pure mineral water and a range of sodas and ice teas. The company owns two mineral water sources located in Central Italy, and is recognized worldwide for its high quality production standards and innovative force. La Galvanina operates it's own bottling plants that offer both glass and PET bottles, and serves all countries with its branded products as well as with a significant amount of private labels. Galvanina was founded in 1901 and is based in Rimini, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-11 CertaSite

Indianapolis, Indiana, United States

CertaSite is a commercial fire and life safety company focused firmly on the customer. With a streamlined, solutions-driven approach, a team of experts and consultants are delivering a higher level of safety and compliance standards that also gives precious time back to their customers. CertaSite is based in Indianapolis, Indiana.

Buy -
SELLER

New Canaan Funding

New Canaan, Connecticut, United States

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 238M USD
Size Small
Type Sector Agnostic
DESCRIPTION

New Canaan Funding is a middle-market mezzanine finance firm. New Canaan looks to provide subordinated debt to help fund acquisitions, recapitalizations and growth financings. New Canaan invests $3 to $20 million per transaction with an EBITDA of $3 million. New Canaan Funding was formed in 1995 and has offices in New Canaan, Connecticut and Wheaton, Illinois.


DEAL STATS #
Overall 36 of 36
Sector: Financial Services M&A 1 of 1
Type: M&A Deals 2 of 2
State: Arizona M&A 1 of 1
Country: United States M&A 35 of 35
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Spectrio

Tampa, Florida, United States

Spectrio is a provider of technology-enabled, customer engagement, and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging & music, and Wi-Fi marketing. Spectrio's subscription-based model is underpinned by a large, proprietary content library including 10,000+ templates and 100,000+ pieces of customized, vertical-specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse, and location-based clients. Spectrio was founded in 1986 and is based in Tampa, Florida.

Sell -