Investment Summary

Sterling Partners Private Equity Invests In Mellomanic

On November 16, 2023, private equity firm Sterling Partners Private Equity invested in internet software and services company Mellomanic

Investment Highlights
  • This is Sterling Partners Private Equity’s 6th transaction in the Internet Software and Services sector.
  • This is Sterling Partners Private Equity’s 62nd transaction in the United States.
  • This is Sterling Partners Private Equity’s 8th transaction in California.

Investment Summary

Date 2023-11-16
Target Mellomanic
Sector Internet Software and Services
Investor(s) Sterling Partners Private Equity
Deal Type Growth Capital

Target

Mellomanic

Los Angeles, California, United States
Mellomanic is a subscription platform where fans support their favorite artists in exchange for exclusive content, access, and engagement, while also powering interactions and communities with other fans. Mellomanic is based in Los Angeles, California.

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Investor(S) 1

Investor
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $35 to $150 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 66 of 66
Sector: Internet Software and Services M&A 6 of 6
Type: Growth Capital M&A Deals 19 of 19
State: California M&A 8 of 8
Country: United States M&A 62 of 62
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 School of Rock

Canton, Massachusetts, United States

School of Rock offers guitar, drum, keyboard, bass guitar, and vocal lessons for kids 7-18 years old. School of Rock’s music teachers are working musicians who understand the value of using live performances to build skills that are hard to teach during one-on-one music lessons. School of Rock was formed in 1998 and is based in Canton, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Remedi SeniorCare

Baltimore, Maryland, United States

Remedi SeniorCare delivers comprehensive pharmacy services, pharmacy consulting, and data management services to nursing homes, assisted living, and continuing care retirement communities. The business is committed to helping these organizations achieve outstanding care, financial strength, and medication safety. Remedi combines their culture of caring with real-world pharmacy services and best-in-class technology to give organizations more time and resources and help them focus on caring for their residents. Remedi SeniorCare was formed in 1954 and is based in Baltimore, Maryland.

Sell -