Investment Summary

Ridgemont Equity Partners, Brentwood Associates and LLR Partners Invest In SMG

On October 24, 2017, private equity firms Ridgemont Equity Partners, Brentwood Associates and LLR Partners invested in information technology company SMG

Investment Highlights
  • This is Ridgemont Equity Partners’ 3rd, Brentwood Associates’ 2nd and LLR Partners’ 15th transaction in the Information Technology sector.
  • This is Ridgemont Equity Partners’ 91st, Brentwood Associates’ 34th and LLR Partners’ 77th transaction in the United States.
  • This is Ridgemont Equity Partners’ 3rd, Brentwood Associates’ 2nd and LLR Partners’ 2nd transaction in Missouri.

Investment Summary

Date 2017-10-24
Target SMG
Sector Information Technology
Investor(s) Ridgemont Equity Partners
Brentwood Associates
LLR Partners
Deal Type Growth Capital
Advisor(s) William Blair (Financial)
Husch Blackwell LLP (Legal)

Target

SMG

Kansas City, Missouri, United States
SMG is a provider of customer experience, employee engagement, and brand research software solutions and services to clients in the restaurant, retail, grocery, convenience, travel and entertainment, professional services, and healthcare industries. SMG collects consumer feedback data via more than 200 million surveys annually across location, online, contact center, and social channels. SMG was founded in 1991 and is based in Kansas City, Missouri.

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Investor(S) 3

Investor

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 105 of 133
Sector (Information Technology) 3 of 3
Type (Growth Capital) 10 of 14
State (Missouri) 3 of 4
Country (United States) 91 of 118
Year (2017) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-10 EviCore Healthcare

Bluffton, South Carolina, United States

eviCore offers proven, diversified medical benefits management solutions that help clients reduce costs while increasing quality of care for their members. The company provides these solutions to managed care organizations and risk-bearing provider organizations serving commercial, Medicare, and Medicaid populations. Powered by a team of specialized medical professional resources, extensive evidence-based guidelines, and advanced technologies, eviCore supports clients by ensuring the right evidence-based care is delivered at the right time to the right patient at the right site of care. Flexible medical benefits management solutions are offered in: Radiology; Cardiology; Musculoskeletal; Medical Oncology; Radiation Therapy; Specialty Drug Management; Sleep; Lab Management; and Post-Acute Care. eviCore is proud to help 100 million members receive higher quality, lower cost healthcare.

Sell $3.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Sunvera Group

Bingham Farms, Michigan, United States

Sunvera Group is a management services organization providing ophthalmology services across multiple subspecialties. Sunvera Group is based in Bingham Farms, Michigan.

Buy -
Investor

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.


DEAL STATS #
Overall 37 of 48
Sector (Information Technology) 2 of 4
Type (Growth Capital) 8 of 14
State (Missouri) 2 of 2
Country (United States) 34 of 45
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Exhale

New York, New York, United States

Exhale Spa is an operator of urban day spas that integrate healing and wellness services under one roof. These services include therapeutic spa treatments, high tech skincare, and mind-body movement classes. Exhale was formed in 2001 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-22 Upward Projects

Phoenix, Arizona, United States

Upward Projects is a Phoenix-based hospitality company that creates inspired restaurants that are connected to the communities they serve. Beginning 16 years ago with Arizona’s original local WineCafé, Postino Arcadia, Upward Projects owns and operates 5 brands and 12 restaurants across Arizona and Colorado. Concepts include Postino WineCafé, Joyride Taco House, Federal Pizza, Windsor, and Churn. Upward Projects was founded in 2009 and is based in Phoenix, Arizona.

Buy -
Investor

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 78 of 127
Sector (Information Technology) 15 of 28
Type (Growth Capital) 41 of 71
State (Missouri) 2 of 2
Country (United States) 77 of 126
Year (2017) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 VersionOne

Alpharetta, Georgia, United States

VersionOne, Inc. is a agile project management, offers an all-in-one software solution for agile lifecycle, collaboration, quality, business intelligence and portfolio management that simplifies enterprise-scale software planning and tracking. More than 1,000 companies, including 33 of the Fortune 100, use our solutions to help scale their Agile and DevOps initiatives faster, easier, and smarter. Whether a small team just getting started with Agile and DevOps to global enterprises scaling agility across their software lifecycle, VersionOne customers get the best solutions in the industry backed by the pioneers in Agile ALM.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Logi Analytics

McLean, Virginia, United States

Logi Analytics is a provider of web-based business intelligence software. The company business intelligence software enables users to explore, visualize, analyze and share data insights. The platform helps organizations create web-based BI and analytic applications that can be integrated directly within their applications, systems and processes. Logi Analytics was founded in 2000 and is based in McLean, Virginia.

Sell -