M&A Deal Summary |
|
|---|---|
| Date | 2008-06-01 |
| Target | Street s |
| Sector | Consumer Products |
| Buyer(s) |
Plexus Capital
Convergent Capital Partners |
| Deal Type | Recapitalization |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 2.2B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 97 |
| Sector (Consumer Products) | 1 of 4 |
| Type (Recapitalization) | 5 of 25 |
| State (Illinois) | 2 of 4 |
| Country (United States) | 20 of 97 |
| Year (2008) | 7 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-01 |
CGL Engineering
Columbia, South Carolina, United States CGL Engineering LLC is a provider of an engineering and facilities management services for correctional sites. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-10-27 |
Bucks County Coffee
Langhorne, Pennsylvania, United States Bucks County Coffee Co. LLC is a micro-roaster and purveyor of premium coffees, both retail and wholesale. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
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 | 32 of 62 |
| Sector (Consumer Products) | 1 of 2 |
| Type (Recapitalization) | 4 of 10 |
| State (Illinois) | 3 of 4 |
| Country (United States) | 32 of 62 |
| Year (2008) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-06-01 |
Solvair
Chicago, Illinois, United States Solvair, LLC is a producer and marketer of proprietary, environmentally friendly dry cleaning systems. Solvair was founded in 2007 and is based in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-07-07 |
Staff One HR
Dallas, Texas, United States Staff One, Inc. is a provider of human resources including payroll, benefits, workers compensation coverage, retirement plans and other personnel services, allowing business clients to focus on their core competencies. |
Buy | - |
