Investment Summary

Sverica and Avante Capital Partners Invest In Electronic Source Company

On October 22, 2024, growth capital firm Sverica and mezzanine finance firm Avante Capital Partners invested in semiconductors company Electronic Source Company

Investment Highlights
  • This is Sverica’s 1st and Avante Capital Partners’ 1st transaction in the Semiconductors sector.
  • This is Sverica’s 39th and Avante Capital Partners’ 30th transaction in the United States.
  • This is Sverica’s 9th and Avante Capital Partners’ 6th transaction in California.

Investment Summary

Date 2024-10-22
Target Electronic Source Company
Sector Semiconductors
Investor(s) Sverica
Avante Capital Partners
Deal Type Growth Capital

Target

Electronic Source Company

Van Nuys, California, United States
Electronic Source Company is a specialty provider of an electronics components for product applications primarily in the Aerospace & Defense and Space end markets. Electronic Source Company was founded in 1994 and is based in Van Nuys, California.

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Investor(S) 2

Investor

Sverica

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sverica Capital Management is a private equity firm that invests in stable or growing, smaller companies with valued less than $150 million. Sverica looks to commit $15 to $50 million per transaction and primarily targets buyout or divestiture situations and avoids businesses in need of restructuring. Broad areas of interest include IT, business services, healthcare, light manufacturing, and industrials. The Firm generally seeks majority control investments, but will also selectively consider minority situations. Sverica Capital Management was formed in 2001 and has offices in Boston and San Francisco.


DEAL STATS #
Overall 43 of 43
Sector (Semiconductors) 1 of 1
Type (Growth Capital) 18 of 18
State (California) 9 of 9
Country (United States) 39 of 39
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-17 Four

Herndon, Virginia, United States

Four is a boutique aggregator dedicated to helping technology companies do business with the public sector. The company supports enterprise software and complex solution manufacturers in bringing their offerings to Federal, State, Local, and Higher Education customers by providing marketing & demand generation support activities, contract vehicle access, strategic relationships with a cultivated network of value-added resale (VAR) partners, along with financing and deal lifecycle management. Four was formed in 2006 and is based in Herndon, Virginia.

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Investor

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 30 of 32
Sector (Semiconductors) 1 of 1
Type (Growth Capital) 8 of 10
State (California) 6 of 6
Country (United States) 30 of 32
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Biologos

Montgomery, Illinois, United States

Biologos is a provider of sterile-filtered biological products (sera, reagents, buffers, cell culture media and other liquid solutions), primarily for veterinary pharmaceutical and organ transplant applications. Biologos was founded in 1976 and is based in Montgomery, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 RiseNow

Leawood, Kansas, United States

RiseNow is a strategy design and execution firm that builds and powers ground-breaking procurement and supply chain practices. By focusing on talent and operating models that not only support but actively transform day-to-day work, RiseNow's system-agnostic design, build, and operate approach helps enterprise organizations and large healthcare systems integrate technology to enhance relationships and drive transformational change and outcomes. RiseNow was founded in 2010 and is based in Leawood, Kansas.

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