Investment Summary

The White Oak Group Exits EOIR Technologies

On December 1, 2009, mezzanine finance firm Banyan Investment Partners invested in semiconductors company EOIR Technologies from The White Oak Group

Investment Highlights
  • This is Banyan Investment Partners’ 1st transaction in the Semiconductors sector.
  • This is Banyan Investment Partners’ 34th transaction in the United States.
  • This is Banyan Investment Partners’ 1st transaction in Virginia.
Investment Fate
  • EOIR Technologies was sold to a financial buyer in 2016.
  • EOIR Technologies merged with another company in 2016.

Investment Summary

Date 2009-12-01
Target EOIR Technologies
Sector Semiconductors
Investor(s) Banyan Investment Partners
Sellers(s) The White Oak Group
Deal Type Secondary Buyout

Target

EOIR Technologies

Fredericksburg, Virginia, United States
EOIR Technologies, Inc. is a provider of advanced remote sensing technology products and services to federal government agencies. EOIR Technologies was formed in 1981 and is based in Fredericksburg, Virginia.

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Investor(S) 1

Investor

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


DEAL STATS #
Overall 34 of 73
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 6
State: Virginia M&A 1 of 1
Country: United States M&A 34 of 72
Year: 2009 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Ultimate Events Services

New York City, New York, United States

Ultimate Events Services, LLC is a multi-faceted organization offering every aspect and service to support the special events industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Telscape Communications

Los Angeles, California, United States

Telscape Communications, Inc. is a competitive local exchange Carrier and high speed internet services provider.

Buy -

Seller(S) 1

SELLER

The White Oak Group

Atlanta, Georgia, United States

Investor Investor


Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

The White Oak Group is a private equity firm focused on lower middle-market control equity and mezzanine investments. The Firm looks to support buyouts, recapitalizations, and growth capital financings in businesses with proven technology and defensible market positions. Sectors of interest include aerospace, defense, power technology, environmental technology, and information services. The White Oak Group is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 1
Sector: Semiconductors M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-13 EOIR Technologies

Fredericksburg, Virginia, United States

EOIR Technologies, Inc. is a provider of advanced remote sensing technology products and services to federal government agencies. EOIR Technologies was formed in 1981 and is based in Fredericksburg, Virginia.

Buy $34M