Investment Summary

Tailwind and Audax Private Debt Invest In Material

On July 6, 2015, private equity firm Tailwind and mezzanine finance firm Audax Private Debt invested in marketing company Material

Investment Highlights
  • This is Tailwind’s 2nd and Audax Private Debt’s 2nd transaction in the Marketing sector.
  • This is Tailwind’s 21st and Audax Private Debt’s 49th transaction in the United States.
  • This is Tailwind’s 2nd and Audax Private Debt’s 3rd transaction in New York.

Investment Summary

Date 2015-07-06
Target Material
Sector Marketing
Investor(s) Tailwind
Audax Private Debt
Deal Type Growth Capital
Advisor(s) Intrepid Investment Bankers (Financial)
Drinker Biddle & Reath LLP (Legal)

Target

Material

New York, New York, United States
Material is an integrated marketing services company that leverages deep human understanding to help brands deliver material outcomes and experiences for their customers and the communities they serve. Material was founded in 1973 and is based in New York, New York.

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Investor(S) 2

Investor

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 21 of 51
Sector: Marketing M&A 2 of 2
Type: Growth Capital M&A Deals 5 of 11
State: New York M&A 2 of 4
Country: United States M&A 21 of 51
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 Diamondback Drugs

Scottsdale, Arizona, United States

Diamondback Drugs LLC is a veterinary compounding pharmacy that distributes pharmaceutical products to individual pet owners, veterinary offices and clinics. The company's compounding facility allows Diamondback to provide a broad veterinary compounded pharmaceutical offering, ranging from anti-infectives and ophthalmic preparations to cancer treatment solutions. Diamondback has grown from a small veterinary compounder into a growing platform serving pets in 50 states, as well as Canada and Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 National HME

Irving, Texas, United States

National HME is a provider of outsourced medical equipment management solutions to the hospice market. National HME delivers medical equipment to hospice caregivers either directly through its full-service locations or through its credentialed network of local providers. The company also provides consolidated ordering and invoicing as well as data on utilization, cost trends, and network management for reporting and analytics. National HME was formed in 2006 and is based in Irving, Texas.

Buy -
Investor

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies with EBITDA between $10 and $100 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations. Audax Private Debt is based in New York, New York.


DEAL STATS #
Overall 50 of 120
Sector: Marketing M&A 2 of 3
Type: Growth Capital M&A Deals 4 of 18
State: New York M&A 3 of 10
Country: United States M&A 49 of 118
Year: 2015 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-11 GED

Glenwillow, Ohio, United States

GED designs, engineers, and manufactures automation solutions for the North American window and door industry. The Company’s solution offerings include equipment manufacturing, production software, and aftermarket parts and services. GED was founded in 1977 and is based in Glenwillow, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Shoes For Crews

West Palm Beach, Florida, United States

Shoes for Crews is a unique rubber compound to produce slip-resistant footwear, significantly reducing slip-and-fall accidents. Shoes For Crews was founded in 1984 and is based in West Palm Beach, Florida.

Sell -