M&A Deal Summary |
|
|---|---|
| Date | 2013-08-05 |
| Target | CP Energy Services |
| Sector | Energy Services and Equipment |
| Buyer(s) | Prospect Capital Management |
| Sellers(s) | Hastings Equity Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 105M USD |
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| Category | Business Development Company |
|---|---|
| Founded | 1988 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 82 of 86 |
| Sector (Energy Services and Equipment) | 11 of 12 |
| Type (Secondary Buyout) | 19 of 20 |
| State (Oklahoma) | 4 of 4 |
| Country (United States) | 79 of 83 |
| Year (2013) | 6 of 6 |
| Size (of disclosed) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-05 |
CP Well Testing
Elk City, Oklahoma, United States CP Well Testing is a provider of frac flowback and workover flowback services for oil and gas exploration and development companies to support production in the Granite Wash and Woodford shale plays. CP Well Testing was formed in 2008 and is based in Elk City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-01 |
Medical Security Card
Tucson, Arizona, United States Medical Security Card Co. LLC (dba ScriptSave) is a U.S. unfunded drug benefit market and has saved consumers over $2.5 billion in health care costs. The company provides customized prescription drug benefit solutions for consumers; delivered through retail pharmacies, health insurance companies, employers and PBMs. ScriptSave is headquartered in Tucson, Arizona. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| Size | Middle-Market |
| Type | Sector Focused |
Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 20 |
| Sector (Energy Services and Equipment) | 2 of 5 |
| Type (Secondary Buyout) | 3 of 7 |
| State (Oklahoma) | 4 of 5 |
| Country (United States) | 8 of 19 |
| Year (2013) | 3 of 4 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-05 |
CP Well Testing
Elk City, Oklahoma, United States CP Well Testing is a provider of frac flowback and workover flowback services for oil and gas exploration and development companies to support production in the Granite Wash and Woodford shale plays. CP Well Testing was formed in 2008 and is based in Elk City. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-14 |
Marport Deep Sea Technologies
St. Johns, Newfoundland, Canada Marport Deep Sea Technologies focuses on innovating, developing and marketing Software Defined Sonar® technology and products for a wide variety of underwater sensing and communication applications. Marport's target markets are Commercial Fisheries, Underwater Defence, Offshore Energy and Ocean Science. The company's headquarters are in St. Johns, Newfoundland, Canada. |
Sell | - |
