M&A Deal Summary

Thompson Street Capital Partners and Fidus Investment Acquire Gurobi Optimization

On December 19, 2017, private equity firm Thompson Street Capital Partners and business development company Fidus Investment acquired software company Gurobi Optimization

Acquisition Highlights
  • This is Thompson Street Capital Partners’ 7th and Fidus Investment’s 2nd transaction in the Software sector.
  • This is Thompson Street Capital Partners’ 47th and Fidus Investment’s 11th transaction in the United States.
  • This is Thompson Street Capital Partners’ 1st and Fidus Investment’s 1st transaction in Oregon.

M&A Deal Summary
Date 2017-12-19
Target Gurobi Optimization
Sector Software
Buyer(s) Thompson Street Capital Partners
Fidus Investment
Deal Type Recapitalization
Advisor(s) Shea & Company LLC (Financial)

Target

Gurobi Optimization

Beaverton, Oregon, United States
Gurobi Optimization is a commercial provider of optimization software for use in prescriptive analytics applications. Gurobi Optimization was founded in 2008 and is based in Beaverton, Oregon.

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Buyer(S) 2

Buyer

Thompson Street Capital Partners

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Thompson Street Capital Partners is a private equity firm that targets control stakes in profitable, mid-sized North American companies with $5 to $20 million of EBITDA. Thompson Street looks for family businesses, private companies seeking liquidity, corporate divestitures, and public companies going private. Areas of interest include healthcare services, business services, electronics, information technology, and engineered products companies. Thompson Street will not consider investments in start-ups, early stage companies, or real estate. Thompson Street Capital was founded in 2000 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 47 of 73
Sector (Software) 7 of 11
Type (Recapitalization) 6 of 8
State (Oregon) 1 of 1
Country (United States) 47 of 72
Year (2017) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-06 Tacoma Electric Supply

Tacoma, Washington, United States

Tacoma Electric Supply, Inc. is a distributor of electrical components serving the commercial, residential, industrial and infrastructure-related construction industries in the Seattle-Tacoma area.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Connecticut Electric

Anderson, Indiana, United States

Connecticut Electric is a designer, manufacturer, and distributor of specialty electrical components that are sold through electrical distributors, hardware stores, and home improvement retailers. Connecticut Electric, Inc. products include proprietary branded circuit breakers as well as manual transfer switches, spa panels, and HVAC whips and disconnects. Connecticut Electric was founded in 1906 and is based in Anderson, Indiana.

Sell -
Buyer

Fidus Investment

Category Business Development Company
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fidus Investment Corp. is a business development company that looks to provide financing solutions for small to mid-sized companies with $10 to $150 million in revenue. Fidus looks to invest mezzanine debt, senior secured debt and equity in businesses with proven business models, leading market positions, high free cash flow, and strong management teams. Industries of interest include business services, industrial products, value-added distribution, healthcare products/services, consumer products, consumer services, aerospace/defense, energy services, transportation, government IT, and niche manufacturing. Fidus Investment Corp. is based in Evanston, Illinois.

DEAL STATS #
Overall 11 of 17
Sector (Software) 2 of 2
Type (Recapitalization) 1 of 2
State (Oregon) 1 of 1
Country (United States) 11 of 17
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 Mesa Line Services

Alvin, Texas, United States

Mesa Line Services is a provider of outsourced electric utility infrastructure services in the Southwest United States. Mesa Line Services offer a full suite of electrical infrastructure services while utilizing union labor from the International Brotherhood of Electrical Workers (IBEW). Mesa Line Services was founded in 2014 and is based in Alvin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Auveco

Cold Spring, Kentucky, United States

Auveco is a distributor of fasteners to the automotive body hardware aftermarket and general industrial maintenance, repair, and operations space. The Company sells to thousands of wholesale distribution customers who subsequently service hundreds of thousands of collision centers, repair shops, and dealerships located throughout North America. Auveco was founded in 1936 and is based in Cold Spring, Kentucky.

Buy -
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