M&A Deal Summary |
|
|---|---|
| Date | 2013-08-01 |
| Target | Stella & Chewy s |
| Sector | Food |
| Buyer(s) |
Stripes
Convergent Capital Partners |
| Deal Type | Buyout (LBO, MBO, MBI) |
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| Category | Growth Capital Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 7.3B USD |
| Size | Mega |
| Type | Sector Agnostic |
Stripes is a private investment firm focused primarily on making minority investments in rapidly growing, private companies. Stripes look to commit $10 to $150 million of equity capital per transaction to support acquisitions, growth equity needs, and provide shareholder liquidity. Target companies generally have high margins and operate in large markets. Sectors of interest include branded consumer products, financial services, medical devices, and technology. Stripes is formed in 2008 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 41 |
| Sector (Food) | 1 of 2 |
| Type (Buyout (LBO, MBO, MBI)) | 3 of 4 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 16 of 37 |
| Year (2013) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-07-30 |
Audio Network
London, United Kingdom Audio Network is an online music platform that specializes in providing music for film, television, advertisements and online video use on a subscription basis. Audio Network was founded in 2001 and is based in London, England. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-16 |
Refinery29
New York, New York, United States Refinery29 is a media and entertainment company focused on women with a global audience footprint of 249 million across all platforms. Refinery29 emphasizes diverse storytelling that delivers refreshing new perspectives to its audience and drives growth across numerous platforms for its partners. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 62 |
| Sector (Food) | 4 of 5 |
| Type (Buyout (LBO, MBO, MBI)) | 20 of 25 |
| State (Wisconsin) | 2 of 3 |
| Country (United States) | 48 of 62 |
| Year (2013) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-01 |
Hastings Manufacturing
Hastings, Michigan, United States Hastings Manufacturing is a global manufacturer of piston rings for internal combustion engines used in a broad range of automotive and industrial applications. Hastings Manufacturing was founded in 1915 and is based in Hastings, Michigan. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-01 |
Solvair
Chicago, Illinois, United States Solvair, LLC is a producer and marketer of proprietary, environmentally friendly dry cleaning systems. Solvair was founded in 2007 and is based in Chicago, Illinois. |
Sell | - |
