Investment Summary

River Capital Exits Can-Do National Tape

On October 27, 2014, private equity firm High Street Capital invested in distribution company Can-Do National Tape from River Capital

Investment Highlights
  • This is High Street Capital’s 2nd transaction in the Distribution sector.
  • This is High Street Capital’s 14th transaction in the United States.
  • This is High Street Capital’s 1st transaction in Tennessee.
Investment Fate
  • Can-Do National Tape was sold to a strategic buyer in 2023.

Investment Summary

Date 2014-10-27
Target Can-Do National Tape
Sector Distribution
Investor(s) High Street Capital
Sellers(s) River Capital
Deal Type Secondary Buyout

Target

Can-Do National Tape

Nashville, Tennessee, United States
Can-Do National Tape is a distributor of value-add conversion and custom-engineered products such as pressure-sensitive adhesive tapes, foams, films, foils, and related materials. Can-Do National Tape was founded in 1972 and is based in Nashville, Tennessee.

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Investor(S) 1

Investor

High Street Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 165M USD
Size Small
Type Sector Agnostic
DESCRIPTION

High Street Capital is a private investment firm focused on acquiring lower middle-market businesses generating revenues $10-$100 million with an EBITDA up to $15 million. The Firm typically invests in recapitalizations, management buyouts and growth equity financings. Target sectors include business services, aerospace/defense, healthcare product manufacturers and suppliers, testing and analytical services, chemicals and coatings, specialty plastics, and test/measurement equipment manufacturers. High Street looks to commit $2 to $8 million of equity per transaction and will consider both control and non-control situations. High Street will not invest in retail businesses, restaurants, oil and gas, entertainment, commodities, turnarounds, or start-ups. High Street Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 27
Sector: Distribution M&A 2 of 2
Type: Secondary Buyout M&A Deals 3 of 3
State: Tennessee M&A 1 of 1
Country: United States M&A 14 of 27
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 CRFS

Albion, New York, United States

CRFS is a provider of post-default mortgage insurance claims services for FHA, VA and investor claims as well as due diligence, loss analysis and timeline oversight for investors and servicers of FHA, VA, and other mortgages. CRFS was founded in 2002 and is based in Albion, New York.

Buy -

Seller(S) 1

SELLER

River Capital

Atlanta, Georgia, United States

Investor


Category Private Equity Firm
Founded 1983
Size Small
Type Sector Agnostic
DESCRIPTION

River Capital is a private investment firm that targets buyout, recapitalization and expansion capital investments in the Southeast US. River Capital looks to commit $3 to $10 million of equity capital in profitable companies valued from $10 to $50 million. Areas of interest include light manufacturing, distribution and selected service industries. The Firm will not invest in real estate, oil and gas or financial services and generally looks for a majority position when considering opportunities. River Capital was formed in 1983 and is located in Atlanta, Georgia.


DEAL STATS #
Overall 7 of 7
Sector: Distribution M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Tennessee M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Blue Wave

Saint Charles, Illinois, United States

Blue Wave is a distributor of above-ground swimming pools, pool accessories, and other products to internet dealers and the internet channels of large national retailers. Blue Wave was founded in 1989 and is based in Saint Charles, Illinois.

Buy -