Investment Summary

PPC Enterprises and Monroe Capital Invest In Edustaff

On January 18, 2023, private equity firm PPC Enterprises and lender Monroe Capital invested in staffing company Edustaff

Investment Highlights
  • This is PPC Enterprises’ 1st and Monroe Capital’s 2nd transaction in the Staffing sector.
  • This is PPC Enterprises’ 6th and Monroe Capital’s 96th transaction in the United States.
  • This is PPC Enterprises’ 1st and Monroe Capital’s 3rd transaction in Michigan.

Investment Summary

Date 2023-01-18
Target Edustaff
Sector Staffing
Investor(s) PPC Enterprises
Monroe Capital
Deal Type Growth Capital
Advisor(s) Lincoln International (Financial)
Barnes & Thornburg (Legal)

Target

Edustaff

Grand Rapids, Michigan, United States
Edustaff is a provider of outsourced substitute, paraprofessional, and support staff solutions to K-12 school districts and community colleges. The company serves as the exclusive outsourced substitute teacher management provider to its expanding base of clients across the nation. Its turn-key offering supports recruitment, substitute management, and payroll processing for employees provided to its client districts. Edustaff was formed in 2010 and is based in Grand Rapids, Michigan.

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Investor(S) 2

Investor

PPC Enterprises

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PPC Enterprises is a private equity firm focused on investing in North America-based middle-market companies operating in the business services, industrial services, financial services, healthcare, and specialty chemicals sectors. The Firm looks to commit $25 to $150 million in profitable companies valued up to $500 million. PPC Enterprises was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 6 of 9
Sector: Staffing M&A 1 of 1
Type: Growth Capital M&A Deals 3 of 6
State: Michigan M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Life Science Outsourcing

Brea, California, United States

Life Sciences Outsourcing has successfully worked with more than 850 medical device startups as a trusted outsource partner by accelerating product speed to market and enabling customers to continually develop increasingly complex and innovative commercial medical devices. Life Science Outsourcing is based in Brea, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-22 Hotel Equities

Alpharetta, Georgia, United States

Hotel Equities is a third-party hotel management platform overseeing a portfolio of over 240 properties across United States and Canada. Hotel Equities was founded in 1989 and is based in Alpharetta, Georgia.

Buy -
Investor

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 97 of 135
Sector: Staffing M&A 2 of 2
Type: Growth Capital M&A Deals 35 of 41
State: Michigan M&A 3 of 5
Country: United States M&A 96 of 134
Year: 2023 M&A 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 MarkLogic

Redwood City, California, United States

MarkLogic is a provider of enterprise data integration and data management solutions. MarkLogic’s technology simplifies the integration of enterprise data across silos to provide immediate business value. MarkLogic Data Hub Service is a fully managed cloud data platform that is able to reliably assemble raw data, index it in real-time for powerful semantic search, and provide the ability to securely run operational and analytical applications at scale. MarkLogic was founded in 2001 and is based in Redwood City, California.

Sell $355M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Vin Di Bona Productions

Los Angeles, California, United States

Vin Di Bona Productions is a creator and producer of America’s Funniest Home Videos (“AFV”), one of the successful television and digital franchises. Vin Di Bona Productions was formed in 1989 and is based in Los Angeles, California.

Buy -