M&A Deal Summary

Nexus Capital Management Acquires HDT Global

On May 18, 2021, private equity firm Nexus Capital Management acquired defense company HDT Global from Charlesbank Capital Partners

Acquisition Highlights
  • This is Nexus Capital Management’s 1st transaction in the Defense sector.
  • This is Nexus Capital Management’s 9th transaction in the United States.
  • This is Nexus Capital Management’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-05-18
Target HDT Global
Sector Defense
Buyer(s) Nexus Capital Management
Sellers(s) Charlesbank Capital Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Ropes & Gray (Legal)

Target

HDT Global

Solon, Ohio, United States
HDT Global is a provider of highly engineered solutions for branches of the US military, international governments, and commercial customers. HDT holds a portfolio of products aimed at creating and controlling environmental conditions to protect and optimize the functioning of critical equipment and personnel. Its innovative products include rapidly deployable shelters, sophisticated environmental control, and power equipment, and nuclear, biological, and chemical protection systems. HDT Global was founded in 1937 and is based in Solon, Ohio.

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Buyer(S) 1

Buyer

Nexus Capital Management

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Nexus Capital Management is an opportunistic debt and equity investment firm. Nexus looks to invest $50 to $300 million to support a variety of situations, including corporate partnerships, acquisitions, or liquidity financings. Sectors of interest include industrials, consumer, retail, food/beverages, services, education, and distribution. Nexus Capital Management was formed in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 9 of 12
Sector (Defense) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Ohio) 1 of 2
Country (United States) 9 of 12
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Sky Organics

Boca Raton, Florida, United States

Sky Organics is a lifestyle brand centered on natural and certified organic beauty and personal care. The company specializes in global, responsibly sourced single ingredient personal care as well as formulated, certified organic collections for hair, skin and body. Products are available through the e-commerce channel as well as through leading North American retailer partners. Sky Organics was founded in 2015 and is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Sugarbear

Oakland Park, Florida, United States

Sugarbear is a direct-to-consumer oriented beauty and wellness brand offering innovative products to enhance its customers' natural appearance and/or health. Sugarbear specializes in great-tasting vegan vitamin-based solutions that are made in the U.S.A. with organic and premium plant-based ingredients. Sugarbear was founded in 2015 and is based in Oakland Park, Florida.

Buy -

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 46 of 50
Sector (Defense) 1 of 1
Type (Secondary Buyout) 15 of 15
State (Ohio) 2 of 2
Country (United States) 42 of 46
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 Ensono

Downers Grove, Illinois, United States

Ensono provides complex managed hosting and cloud infrastructure services to mid-sized enterprises. The company specializes in supporting mission-critical workloads and helping clients manage and migrate between all systems. Ensono’s integrated array of solutions includes the hosting of client-server, mainframe, and cloud computing workloads, as well as database, storage, and managed network services. Ensono was formed in 1969 and is based in Downers Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 Lido

Los Angeles, California, United States

Lido is a full-service, independent Registered Investment Advisor (“RIA”) that brings an innovative family office investment approach to grow and safeguard its clients’ wealth and legacies. Lido’s clients include high-net-worth and ultra-high-net-worth individuals, family offices, corporate executives, non-profit organizations, and foundations. Lido was founded in 1999 and is based in Los Angeles, California.

Buy -
Mergr

Product

Company

Legal