M&A Deal Summary |
|
|---|---|
| Date | 2015-06-04 |
| Target | Welocalize |
| Sector | Business Services |
| Buyer(s) |
Norwest Equity Partners
NMP Capital |
| Sellers(s) |
Riverside Partners
Fifth Street Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1961 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $50 to $250 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 75 |
| Sector (Business Services) | 2 of 2 |
| Type (Secondary Buyout) | 18 of 29 |
| State (New York) | 2 of 3 |
| Country (United States) | 48 of 72 |
| Year (2015) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-03-19 |
Old Hickory Smokehouse
Lewisburg, Tennessee, United States Old Hickory Smokehouse makes, markets and distributes food like rib tips and pulled pork, as well as beverages that are sold in retail grocery and foodservice channels. Old Hickory Smokehouse is based in Lewisburg, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-08 |
Wealth Enhancement Group
Plymouth, Minnesota, United States Wealth Enhancement Group is a comprehensive wealth management firm that provides team-based financial planning, estate planning, retirement income planning, insurance, tax strategies, and investment management services. Wealth Enhancement Group was founded in 1997 and is based in Plymouth, Minnesota. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 60 of 88 |
| Sector (Business Services) | 4 of 6 |
| Type (Secondary Buyout) | 16 of 31 |
| State (New York) | 4 of 6 |
| Country (United States) | 58 of 85 |
| Year (2015) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-17 |
Monroe Truck Equipment
Monroe, Wisconsin, United States Monroe Truck Equipment specializes in the design, manufacture, distribution, and installation/upfitting of specialized truck equipment for the municipal and commercial markets. Monroe Truck Equipment was founded in 1986 and is based in Monroe, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-31 |
PLZ Aeroscience
Downers Grove, Illinois, United States PLZ Aeroscience is a specialty aerosol product manufacturing company. It specializes in the development, manufacturing, packaging, and distribution of a comprehensive line of contract fill, brand, and private label products. PLZ Aeroscience was established in 1939 and is based in Downers Grove, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Focused |
Riverside Partners is a specialist private equity firm focused on investments in healthcare and technology companies located throughout North America. The Firm has a particular interest in companies that are founder or family owned. Target companies are generally profitable with $3 to $15 million of EBITDA. Specific areas of interest within healthcare include suppliers to biopharmaceutical and medical device companies, medical technology and equipment, medical instrumentation, dental products and services, diagnostics and disposables, and specialized healthcare services. Areas of interest within technology include, analytical instrumentation, semiconductor equipment, industrial communications, wireless components, homeland security, and power generation technology. Transaction situations include partial or complete buyouts, recapitalizations, growth equity, divestitures, take privates, and strategic add-ons. Riverside Partners was formed in 1989 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 33 |
| Sector (Business Services) | 1 of 2 |
| Type (Secondary Buyout) | 4 of 10 |
| State (New York) | 2 of 4 |
| Country (United States) | 16 of 33 |
| Year (2015) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-02 |
R&D Altanova
South Plainfield, New Jersey, United States R&D Altanova is a designer and manufacturer of advanced printed circuit boards used to test integrated circuits used in computers, servers, mobile devices, and many other applications. R&D Altanova was founded in 1969 and is based in South Plainfield, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-10 |
Openforce
Scottsdale, Arizona, United States Openforce is a provider of technology-driven services that reduce operating costs and mitigate compliance risk for companies using independent contractors. Openforce frees contracting companies from the burden of onboarding, contracting, and settlement processing while helping contractors build their business. Openforce’s cloud-based applications help businesses achieve more sustainable and profitable growth by removing financial, operational, and compliance barriers to getting business done. Openforce was founded in 2001 and is based in Scottsdale, Arizona. |
Buy | - |
Fifth Street Capital is a public investment firm focused on providing mezzanine financing to support expansions, acquisitions, recapitalizations, and management buyouts of middle-market US based companies. Fifth Street looks to invest between $5 and $50 million per transaction. Sectors of interest include consumer products, healthcare services, manufacturing, medical device manufacturing, food services, business services, restaurants, speciality retail, logistics, and value added distribution. Fifth Street Capital is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 59 |
| Sector (Business Services) | 2 of 5 |
| Type (Secondary Buyout) | 7 of 20 |
| State (New York) | 2 of 3 |
| Country (United States) | 27 of 58 |
| Year (2015) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-16 |
Ikaria
Clinton, New Jersey, United States Ikaria is a critical care therapeutics company. Ikaria is based in Clinton, New Jersey. |
Sell | $2.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-22 |
Healthcare Finance Group
New York City, New York, United States Healthcare Finance Group is a specialty finance company that provides revolving credit facilities and term loans to healthcare providers. HFG targets middle-market healthcare service providers, generally requiring credit facilities of $5.0 million to $50.0 million. |
Sell | - |
