M&A Deal Summary

Sagewind Capital Acquires PBE Group

On October 1, 2014, private equity firm Sagewind Capital acquired electrical equipment company PBE Group from Prairie Capital

Acquisition Highlights
  • This is Sagewind Capital’s 1st transaction in the Electrical Equipment sector.
  • This is Sagewind Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-10-01
Target PBE Group
Sector Electrical Equipment
Buyer(s) Sagewind Capital
Sellers(s) Prairie Capital
Deal Type Secondary Buyout

Target

PBE Group

Maidenhead, United Kingdom
PBE Group is a developer, manufacturer, and marketer of an extensive line of technology-enabled communication, tracking, and monitoring products for underground mining and tunneling. The company is a supplier to the U.S. coal industry through its extensive network of distributors and direct relationships with major coal producers. It also provides subcontract assembly services to the defense industry. PBE Group was founded in 1971 and is based in Maidenhead, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Sagewind Capital is a private equity firm focused on control and co-control investments in companies that have strong management teams in the government, defense, IT, software, business services, and healthcare services. The Firm looks to invest long-term (7 to 10 years) and generally pursues profitable companies with $20 to $250 million of revenue. Sagewind Capital was established in 2015 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 10
Sector: Electrical Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2014 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 BTS Bioenergy

Annapolis, Maryland, United States

BTS Bioenergy provides anaerobic digestion to recycle organics once destined for incineration or already crowded landfills. This process creates renewable natural gas and healthy living soils. BTS Bioenergy is based in Annapolis, Maryland.

Buy -

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 30 of 56
Sector: Electrical Equipment M&A 2 of 4
Type: Secondary Buyout M&A Deals 15 of 26
Country: United Kingdom M&A 1 of 1
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-04 DRB

Akron, Ohio, United States

DRB is a provider of tech-enabled devices and software solutions to the car wash industry. DRB Systems offers tech-enabled devices, software, and expert support to help car wash operators run their car wash, manage their daily performance, and grow their business. DRB was founded in 1984 and is based in Akron, OH.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-30 Cole Taylor Bank

Chicago, Illinois, United States

Cole Taylor Bank, Inc., a commercial bank operating in the Chicago metropolitan area. Headquartered in Rosemont, IL, Cole Taylor Bank operates nine banking centers throughout Chicago and has over $4 billion in assets under management. The bank was founded in 1929 by members of the Taylor family and has served the Chicago metropolitan area for over 75 years. Cole Taylor’s mission is to be a premier bank for Chicago area businesses by utilizing a relationship oriented customer approach.

Sell $640M