M&A Deal Summary

Renovus Capital Acquires Angeion Group

On October 7, 2024, private equity firm Renovus Capital acquired business services company Angeion Group

Acquisition Highlights
  • This is Renovus Capital’s 11th transaction in the Business Services sector.
  • This is Renovus Capital’s 40th transaction in the United States.
  • This is Renovus Capital’s 8th transaction in Pennsylvania.

M&A Deal Summary

Date 2024-10-07
Target Angeion Group
Sector Business Services
Buyer(s) Renovus Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Marks Baughan (Financial)

Target

Angeion Group

Philadelphia, Pennsylvania, United States
Angeion Group stands at the forefront of settlement administration and legal noticing services. Leveraging advanced technology, proven best practices, and expert consulting, the company specializes in managing class actions and other types of mass litigation. Angeion Group is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Renovus Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 1.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Renovus Capital is a private equity firm focused on investing in small to mid-sized education companies. Specific areas of interest include for-profit colleges and schools, training companies, content providers, and technology and services businesses to education providers. Renovus looks for companies with 'strong growth prospects', proven business models and EBITDA of at least $3 million. Renovus Capital was formed in 2010 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 41 of 42
Sector: Business Services M&A 11 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 17 of 18
State: Pennsylvania M&A 8 of 8
Country: United States M&A 40 of 41
Year: 2024 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-27 LeapPoint

Reston, Virginia, United States

LeapPoint is a management and technology consulting firm that provides advisory and digital services as well as custom application development. LeapPoint offers a thoughtful blend of resources to bring just the right mix of business acumen and functional expertise to drive enterprise change. LeapPoint was founded in 2006 and is based in Reston, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Performive

Marietta, Georgia, United States

Performive is a managed IT services provider, specializing in managed IT infrastructure, cloud solutions, and cybersecurity for mid-market enterprises. Performive was founded in 2005 and is based in Marietta, Georgia.

Buy -