M&A Deal Summary |
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Date | 2011-06-15 |
Target | Equitrac |
Sector | Business Services |
Buyer(s) | Nuance Solutions |
Sellers(s) |
Cornerstone Equity Investors
New Canaan Funding HSBC Capital Brookside Equity Partners |
Deal Type | Add-on Acquisition |
Deal Value | 161M USD |
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Category | Company |
---|---|
Founded | 1992 |
Sector | Software |
Employees | 7,100 |
Revenue | 1.5B USD (2020) |
Nuance Solutions is a provider of speech and imaging solutions for businesses and consumers around the world. Nuance technologies, applications and services enable users calling directory assistance, getting account information, dictating patient records, telling a navigation system their destination, or digitally reproducing documents that can be shared and searched. Nuance Solutions was formed in 1992 and is based in Burlington, Massachusetts.
DEAL STATS | # |
---|---|
Overall | 9 of 26 |
Sector (Business Services) | 2 of 4 |
Type (Add-on Acquisition) | 8 of 25 |
State (Florida) | 1 of 1 |
Country (United States) | 8 of 22 |
Year (2011) | 1 of 6 |
Size (of disclosed) | 4 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-12-12 |
PerSay
New York City, New York, United States PerSay, Inc. provides biometric speaker verification products. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-06-21 |
Svox AG
Zurich, Switzerland SVOX is a global provider of integrated voice recognition, speech synthesis and speech dialog solutions for the automotive and mobile device industries. SVOX sells its own automatic speech recognition (ASR), Speech (TTS), and full range of IVR solutions. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1996 |
PE ASSETS | 1.2B USD |
Size | Large |
Type | Sector Agnostic |
Cornerstone Equity Investors is private equity firm focused on investing in and acquiring middle-market leveraged buyouts of corporate divisions, closely held private companies and small capitalization public companies. The Firm targets businesses with at least $5 million of EBITDA and valued between $50 and $350 million. Cornerstone can invest up to $100 million per transaction. Broad industries of interest include business services, healthcare, and specialty manufacturing. Cornerstone originated as Prudential Equity Investors in 1984 and became independent in 1996. Cornerstone Equity is based in New York City.
DEAL STATS | # |
---|---|
Overall | 12 of 15 |
Sector (Business Services) | 1 of 1 |
Type (Add-on Acquisition) | 4 of 6 |
State (Florida) | 2 of 2 |
Country (United States) | 12 of 15 |
Year (2011) | 1 of 1 |
Size (of disclosed) | 3 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-04-19 |
Vestcom
Little Rock, Arkansas, United States Vestcom is a provider of technology-enabled shelf-edge media solutions to the retail and consumer products industry. The company offers an array of solutions including customized shelf-edge labels, branding and promotional content labels, and shelf-edge strips with product information. Vestcom was founded in 1996 and is based in Little Rock, Arkansas. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2012-06-27 |
Neptco
Pawtucket, Rhode Island, United States NEPTCO engineers and manufactures materials for the production of copper cable and electronic packaging products used in a wide variety of commercial, industrial and military applications. |
Sell | $67M |
Category | Mezzanine Finance Firm |
---|---|
Founded | 1995 |
PE ASSETS | 238M USD |
Size | Small |
Type | Sector Agnostic |
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 | 14 of 36 |
Sector (Business Services) | 2 of 2 |
Type (Add-on Acquisition) | 7 of 13 |
State (Florida) | 1 of 3 |
Country (United States) | 14 of 35 |
Year (2011) | 2 of 3 |
Size (of disclosed) | 4 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-05-11 |
LSO
Plano, Texas, United States LSO is a provider of parcel delivery services throughout the Southern United States. LSO offers its clients overnight, expedited ground, same-day, and last-mile logistics solutions. LSO was founded in 1991 and is based in Plano, Texas. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-11-09 |
MSI
Plain City, Ohio, United States MSI is a proponent of quality literature and the parent company of three different businesses each focused on promoting and selling juvenile books, The Junior Library Guild, Darby Creek Publishing and The Reading Circle. MSI is based in Plain City, Ohio. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1991 |
PE ASSETS | 1.6B USD |
Size | Large |
Type | Sector Agnostic |
HSBC Capital (North America) the US and Canada principal investments arm of HSBC. HSBC Capital consists of HSBC Capital Canada and HSBC Capital USA. The Group focuses on making private equity and mezzanine investments in profitable, mid-market companies and select real estate transactions. The Group will consider both control and minority positions. Investment proceeds are generally used to support buyouts, expansion financings, recapitalizations, and real estate acquisitions. In addition to targeting US based opportunities, the Group will also consider investments in Latin America. Broad sectors of interest include manufacturing, service, and distribution. HSBC Capital was formed in 1991 and is based in New York City, HSBC Capital has become Graycliff partners on Dec 2011.
DEAL STATS | # |
---|---|
Overall | 7 of 17 |
Sector (Business Services) | 1 of 1 |
Type (Add-on Acquisition) | 4 of 7 |
State (Florida) | 1 of 1 |
Country (United States) | 7 of 17 |
Year (2011) | 2 of 7 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-06-01 |
Living Earth
Dallas, Texas, United States Living Earth is a manufacturer and provider of mulch, compost, and other landscaping materials in the State of Texas. The Company operates thirteen locations, primarily in the metropolitan areas of Dallas and Houston, selling to commercial contractors and nurseries. Living Earth was founded in 1985 and is based in Dallas, Texas. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-12-05 |
Globe Food Equipment
Dayton, Ohio, United States Globe Food Equipment Co. is a designer and manufacturer of food preparation equipment specializing in slicers mixers, vegetable cutters, and meat choppers. Globe Food Equipment is based in Dayton, Ohio. |
Sell | - |
Category | Private Equity Firm |
---|---|
Founded | 1977 |
Size | Middle-Market |
Type | Sector Agnostic |
Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.
DEAL STATS | # |
---|---|
Overall | 9 of 28 |
Sector (Business Services) | 1 of 7 |
Type (Add-on Acquisition) | 4 of 8 |
State (Florida) | 1 of 2 |
Country (United States) | 9 of 28 |
Year (2011) | 2 of 3 |
Size (of disclosed) | 2 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-04-08 |
M.H. Zeigler & Sons
Lansdale, Pennsylvania, United States M.H. Zeigler & Sons is a manufacturer and distributor of refrigerated apple cider and cider blends. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-12-16 |
Driven Brands
Charlotte, North Carolina, United States Driven Brands is a parent company of automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers; Paint & Collision, housing Maaco, CARSTAR, and ABRA; Distribution, housing 1-800-Radiator & A/C and Spire Supply; and Quick Lube, housing Take 5 Oil Change. Driven Brands was incorporated in 1972 and is based in Charlotte, North Carolina. |
Sell | - |