M&A Deal Summary

Versa Capital Management Acquires Silver Airways

On September 13, 2016, distressed investor Versa Capital Management acquired airliner Silver Airways

Acquisition Highlights
  • This is Versa Capital Management’s 1st transaction in the Airlines sector.
  • This is Versa Capital Management’s 24th transaction in the United States.
  • This is Versa Capital Management’s 1st transaction in Florida.

M&A Deal Summary
Date 2016-09-13
Target Silver Airways
Sector Airlines
Buyer(s) Versa Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Silver Airways

Hollywood, Florida, United States
Silver Airways is a regional air carrier that operates over 125 scheduled flights per day under a principal code share and alliance agreement with Continental Airlines, United Airlines and Copa Airlines of Panama. Silver Airways is based in Hollywood, Florida.

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Buyer(S) 1

Buyer

Versa Capital Management

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Distressed Investor
Founded 2004
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Versa Capital Management is a private equity firm focused on investing in complex or distressed situations. Versa will consider businesses headquartered in North America and valued between $100 million and $1 billion. Prospective investment situations include buyouts, divestitures, recapitalizations, restructurings/turnarounds, take privates, rescue financings, and liquidations. Versa Capital Management is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 26 of 28
Sector (Airlines) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Florida) 1 of 1
Country (United States) 24 of 26
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 Eastern Mountain Sports

Meriden, Connecticut, United States

Eastern Mountain Sports helps people of all ages and abilities have more fun outside as a trusted source of top-quality outdoor gear, apparel, and advice. EMS offers consumers a compelling product portfolio consisting of EMS branded products and leading outdoor and active brands such as The North Face, Oboz, Thule, and Columbia. The retailer operates more than 20 locations in seven U.S. northeastern states and has a robust e-commerce platform. Eastern Mountain Sports was formed in 1967 and is based in Meriden, Connecticut.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-20 SynCardia Systems

Tucson, Arizona, United States

SynCardia Systems is a medical technology company focused on developing, manufacturing and marketing the SynCardia Total Artificial Heart, an implantable system designed to assume the full function of a failed human heart in patients suffering from end-stage biventricular (both sides) heart failure. SynCardia Systems is based in Tucson, Arizona.

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