M&A Deal Summary

Renovus Capital Acquires Futura Mobility

On August 12, 2020, private equity firm Renovus Capital acquired information technology company Futura Mobility

Acquisition Highlights
  • This is Renovus Capital’s 6th transaction in the Information Technology sector.
  • This is Renovus Capital’s 23rd transaction in the United States.
  • This is Renovus Capital’s 5th transaction in Pennsylvania.

M&A Deal Summary
Date 2020-08-12
Target Futura Mobility
Sector Information Technology
Buyer(s) Renovus Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Mufson Howe Hunter & Co., LLC (Financial)

Target

Futura Mobility

Horsham, Pennsylvania, United States
Futura Mobility is a full-service mobile solution provider to healthcare and commercial clients. It supports over 2,500 customers and 250,000 assets/users in various industries including manufacturing, retail and consumer products, and healthcare. Futura was formed in 1992 and is based in Horsham, 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 24 of 42
Sector (Information Technology) 6 of 11
Type (Buyout (LBO, MBO, MBI)) 9 of 18
State (Pennsylvania) 5 of 8
Country (United States) 23 of 41
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-06 Edic College

Caguas, Puerto Rico

Edic College is a career college offering associate’s degrees and certificates in a variety of health-related fields. Edic College was founded in 1987 and is based in Caguas, Puerto Rico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-20 EMS

Exton, Pennsylvania, United States

Education Management Solutions LLC is a provider of simulation-based solutions for healthcare training environments. Solutions range from clinical simulation management software and hardware, to counselor education, virtual patient training, competency and curriculum management, plus course, assessment and video management solutions for higher education. Education Management Solutions was founded in 1994 and is based in Exton, Pennsylvania.

Sell -
Mergr

Product

Company

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