Investment Summary

Pacific Mezzanine Fund and Convergent Capital Partners Exits Ecological Systems

On April 5, 2011, invested in environmental company Ecological Systems from Pacific Mezzanine Fund and Convergent Capital Partners

Investment Highlights
  • This is transaction in the Environmental sector.
  • This is transaction in the United States.
  • This is transaction in Indiana.

Investment Summary

Date 2011-04-05
Target Ecological Systems
Sector Environmental
Sellers(s) Pacific Mezzanine Fund
Convergent Capital Partners
Deal Type Bankruptcy

Target

Ecological Systems

Indianapolis, Indiana, United States
Ecological Systems, Inc., (dba ESI Environmental) located in Indianapolis, Indiana, processes non-hazardous wastewater, recovers and recycles used oils for secondary fuels and brokers the disposition of certain hazardous materials.

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Seller(S) 2

SELLER

Pacific Mezzanine Fund

Orinda, California, United States

Category Private Equity Firm
Founded 1994
PE ASSETS 82M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Pacific Mezzanine Fund is a licensed SBIC formed to invest in West Coast based smaller middle-market companies. Pacific Mezzanine looks to invest in the form of subordinated debt and typically commits $2 to $4 million per transaction. Pacific Mezzanine will consider investments in a variety of industries, including, niche manufacturing, technology, software, intellectual property, and consumer/business services. Pacific Mezzanine is based in Orinda, California.


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 1 of 1
Type: Bankruptcy M&A Deals 1 of 1
State: Indiana M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 Pulse Systems

Concord, California, United States

Pulse Systems is a contract manufacturer of medical-devices and components for minimally invasive surgery. The components are micro-cut from small metal tubes by means of laser technology, then incorporated into stents, catheters, suturing devices, cannulas and instruments used in by-pass surgery.

Sell -
SELLER
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 17 of 44
Sector: Environmental M&A 1 of 2
Type: Bankruptcy M&A Deals 1 of 2
State: Indiana M&A 1 of 1
Country: United States M&A 17 of 44
Year: 2011 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-20 Midwest Supplies

Minneapolis, Minnesota, United States

Midwest Supplies, Inc. is a retailer of home brewing and wine equipment. Midwest Supplies was founded in 1995 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-20 Restaurant Technologies

Mendota Heights, Minnesota, United States

Restaurant Technologies is a foodservice industry partner, serving more than 32,000 quick-service and full-service restaurant chains, independent restaurants, grocery delis, hotels, casinos, universities, and hospitals nationwide. The company helps make foodservice operations safer, smarter, and more efficient through cooking oil and hood and flue management solutions. It has a long history of sustainability, working with partners to provide used cooking oil as input into renewable diesel and biodiesel, creating an ESG-friendly process of recycled used cooking oil for its customers. Restaurant Technologies was formed in 1996 and is based in Mendota Heights, Minnesota.

Sell -