M&A Deal Summary

Noritsu Acquires JLab Audio

On April 15, 2021, Noritsu acquired consumer products company JLab Audio from Petra Capital Partners, Eagle Private Capital and Mach Speed Technologies for 370M USD

Acquisition Highlights
  • This is Noritsu’s 1st transaction in the Consumer Products sector.
  • This is Noritsu’s largest (disclosed) transaction.
  • This is Noritsu’s 1st transaction in the United States.
  • This is Noritsu’s 1st transaction in Arizona.

M&A Deal Summary

Date 2021-04-15
Target JLab Audio
Sector Consumer Products
Buyer(s) Noritsu
Sellers(s) Petra Capital Partners
Eagle Private Capital
Mach Speed Technologies
Deal Type Add-on Acquisition
Deal Value 370M USD

Target

JLab Audio

Tucson, Arizona, United States
JLab Audio is a consumer audio products company that offers retail partners and consumers quality products at an unsurpassed value by leveraging its expertise in designing and sourcing innovative goods. JLab Audio was established in 2005 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

Noritsu

Tokyo, Japan

Category Company
Founded 1951
Sector Business Services
Employees1,629
Revenue 91.6B JPY (2023)
DESCRIPTION

Noritsu is involved in photographic processing business. Noritsu was founded in 1951 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 GeneTech

San Francisco, California, United States

GeneTech, Inc. is a biotechnology company dedicated to pursuing groundbreaking science to discover and develop medicines for people with serious and life-threatening diseases. GeneTech is based in San Francisco, California.

Sell -

Seller(S) 3

SELLER

Petra Capital Partners

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Petra Capital Partners is a private investment firm that invests in US-based, high-growth businesses operating in the business services, healthcare services, media/publishing, telecom, IT, and information services sectors. Target companies are generally cash-flow positive with revenues in excess of $10 million and growth rates above 20%. Petra can commit up to $20 million per transaction. The Firm typically invests in subordinated debentures with warrants to purchase equity securities. Petra Capital Partners is licensed as a SBIC. The Firm was formed in 1996 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 25 of 30
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 15 of 17
State (Arizona) 2 of 3
Country (United States) 25 of 30
Year (2021) 2 of 4
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 CareMetx

Bethesda, Maryland, United States

CareMetx is a pharmaceutical, biotechnology and device manufacturers with technology and specialty hub services to support patient access. CareMetx was founded in 2011 and is based in Bethesda, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 T2 Systems

Indianapolis, Indiana, United States

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

Sell $356M
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.


DEAL STATS #
Overall 37 of 48
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 19 of 24
State (Arizona) 3 of 3
Country (United States) 37 of 48
Year (2021) 2 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 RentACoop

Germantown, Maryland, United States

RentACoop is an Ecommerce platform that designs and sells hundreds of proprietary products for retail chicken owners across the country. The company’s unique product design process solves many overlooked issues that exist within the current market. RentACoop was founded in 2012 and is based in Germantown, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-29 BroadcastMed

Farmington, Connecticut, United States

BroadcastMed is a video content marketing and education company focused on engaging medical professionals. BroadcastMed helps the world’s leading hospitals, medical devices, pharmaceuticals, and medical education companies develop comprehensive digital and mobile video strategies to reach physicians, providers, and medical students. BroadcastMed was founded in 1994 and is based in Farmington, Connecticut.

Buy -
SELLER

Mach Speed Technologies

Ada, Oklahoma, United States

Category Company
Founded 1989
Sector Technology Hardware
DESCRIPTION

Mach Speed Technologies, Inc. is a provider of “opening price point” (OPP) digital media players in the United States. Mach Speed Technologies was founded in 1989 and is based in Ada, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Bear River International

United States

Bear River International (“BRI”) is a leader within the licensed consumer products industry. BRI has developed numerous successful programs joining well known licensing names with popular product categories like Black Ops Airsoft Gun, Garaminals pre-school toys, and Yamaha remote control toys. BRI products can be found in major big box retails including Walmart, Target, and Toys r Us. BRI’s newest licensed program, Bear Grylls camping gear hits the shelves in major retailers in Summer 2013.

Buy -