M&A Deal Summary

Praesidian Capital and Plexus Capital Acquire Round 2

On January 25, 2021, mezzanine finance firm Praesidian Capital and private equity firm Plexus Capital acquired automotive company Round 2

Acquisition Highlights
  • This is Praesidian Capital’s 1st and Plexus Capital’s 2nd transaction in the Automotive sector.
  • This is Praesidian Capital’s 48th and Plexus Capital’s 103rd transaction in the United States.
  • This is Praesidian Capital’s 1st and Plexus Capital’s 2nd transaction in Indiana.

M&A Deal Summary

Date 2021-01-25
Target Round 2
Sector Automotive
Buyer(s) Praesidian Capital
Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Round 2

South Bend, Indiana, United States
Round 2 is an innovative collectibles company that produces model kits, including classic cars and spaceships, die-cast cars, slot cars, and other hobby products. Round 2 was founded in 2007 and is based in South Bend, Indiana.

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Buyer(S) 2

Buyer

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 51 of 52
Sector: Automotive M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 13
State: Indiana M&A 1 of 1
Country: United States M&A 48 of 49
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 PlanetHome Group

Munich, Germany

PlanetHome Group is a real estate service provider with a network of highly qualified and permanent real estate consultants who looks after real estate customers personally. The company bridges the gap between experience and the use of innovative tools to guide customers to their goals quickly and individually. PlanetHome Group was founded in 2000 and is based in Munich, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 MP Machinery & Testing

State College, Pennsylvania, United States

MP Machinery & Testing is a provider of test services for nuclear power & energy, steel & pipe, laboratory, aerospace and defense, transportation, electronics, and other industrial customers. MP Machinery & Testing was formed in 2009 and is headquartered in State College, Pennsylvania.

Buy -
Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

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 103 of 149
Sector: Automotive M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 47 of 70
State: Indiana M&A 2 of 4
Country: United States M&A 103 of 149
Year: 2021 M&A 5 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Premiere Precision Components

Holiday, Florida, United States

Premiere Precision Components is a provider of high-volume, custom manufactured molded plastic, rubber, and metal components such as seals, O-rings, gaskets, boots, assemblies, and bonded parts to a variety of end markets, including the communications, HVAC, pool & spa, and lawncare industries. Premiere Precision Components was founded in 1998 and is based in Holiday, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Garlock Flexibles

Gardner, Massachusetts, United States

Garlock Flexibles is a full-service flexible packaging converter that provides solutions for a wide variety of food, consumer and industrial applications. Garlock Flexibles was founded in 1987 and is based in Gardner, Massachusetts.

Buy -