BETA The Capitalization Report v20.02.20


KEYWORDS: TA Associates, Platinum Equity, Pamlico Capital, ForgePoint Capital, Align Capital Partners, Grove Ventures, Praetura Ventures, Thompson Street Capital Partners, Platinum Equity, Gainline Capital Partners

NEW FUNDS

  • Pamlico Capital, a Charlotte, NC-based lower middle-market private equity firm focused on growth-oriented businesses, closed a new fund, at $1.4 billion
  • ForgePoint Capital, a San Mateo, CA-based venture capital firm focused on cybersecurity, closed its second fund, at $450m
  • Align Capital Partners, a Dallas, TX and Cleveland, OH-based private equity firm, closed its second private equity investment fund, at $450m
  • Grove Ventures, a Tel Aviv, Israel-based early-stage deep tech-focused venture capital firm, closed Grove Ventures II, at $120m
  • A/O PropTech, a London, UK-based venture capital and private equity firm focused on proptech, has launched with €250m
  • Praetura Ventures, a Manchester, UK-based investor that backs early-stage businesses in high-value sectors, closed its second EIS fund, at £7m
  • OTHER FUNDS: Atomico, Da Vinci Capital Technology Fund III, Equal Ventures Fund I, Marcy Venture Partners Fund, and others upon request to our editor’s team at JD@investornetworkbyJD.com

Platium Equity

OTHER DEALS CLOSED

  • Platinum Equity acquired Biscuit International, a Paris-based manufacturer of private label sweet biscuits. Financial terms weren’t disclosed. (See press lease below)
  • Thompson Street Capital Partners will acquire Len the Plumber, a Boothwyn, Penn.-based full-service residential plumbing contractor.
  • EQT Partners and OMERS agreed to acquire Deutsche Glasfaser, a German broadband provider, from KKR. Financial terms weren’t disclosed.
  • Boxwood Merger Corp. (Nasdaq: BWMC), a publicly-traded special purpose acquisition company, acquired Atlas Intermediate Holdings, professional testing, inspection, engineering, program management and consulting services provider, from Bernhard Capital Partners for approximately $617 million.
  • Flywire acquired Simplee, a Palo Alto, Calif.-based healthcare payments technology platform. Financial terms weren’t disclosed. Simplee had raised approximately $37.8 million in venture funding from investors including Social Capital and Heritage Group. 
  • TA Associates acquired Auction Technology Group, a London-based online platform for auctions in Europe and the United States, from ECI Partners. It also acquired Proxibid, an Omaha, Neb.-based online marketplace, from Primus Capital. The companies will be brought under the ATG umbrella. Financial terms weren’t disclosed
  • IQ-EQ acquired Blue River Partners, a Dallas, Texas-based provider of outsourced solutions to alternative asset managers. Financial terms weren’t disclosed.

Continue reading “BETA The Capitalization Report v20.02.20”

Pipeline PEG and little beer talk!


beer-market-share

Still looking for that dream investment in the next Fat Tire Amber Ale, Sierra Nevada, or Samuel Adams.  Samuel Adams had the coolest IPO with option to buy pre-IPO through offer found in their 12 packs!  Wish I would invested in Samel Adams pre-IPO offering to its buyers.  Referral to all owners of beer companies is welcome as it is a hot space and I have friends ready to write a $100,000 to $50 million check!  Just text JD at +1 858-869-9483.

Happy to talk on the phone or grab a beer at La Costa Resort anytime to talk growth strategies, growth capital, or M&A anytime should you have EBITDA referrals.

THE PIPELINE

Today’s Pipeline is activity in the private equity space and is follows:

A-1 Machine Manufacturing Inc., a Santa Clara, Calif.-based maker of machines components and systems for the flat-panel display and semiconductor equipment markets, has raised an undisclosed amount of funding from Graycliff Partners. www.graycliffpartners.com  (Would love this referral)

• Area Wide Protective, a Kent, Ohio-based portfolio company of The Riverside Company, has acquired All State Traffic Control, a Bristol, Conn.-based provider of flagging services to utilities, utility contractors and roadway maintenance and repair customers in the Northeast. No financial terms were disclosed.www.awptrafficsafety.com

• Charme Capital Partners has acquired a majority stake in JD Classics, a UK-based restorer and retailer of premium classic road and race cars. No financial termswere disclosed. www.jdclassics.co.uk

• China Everbright Ltd. and IDG Capital Partners have acquired a control stake in China-based arts college Shanghai Film Academy, according to Private Equity International. No financial terms were disclosed. www.sfaa.com.cn

• Golden Gate Capital has completed its previously-announced acquisition of bankrupt apparel retailer Pacific Sunwear of California Inc. (PacSun), including a debt restructuring. Read more WSJ!

• Harvest Partners has led a $250 million investment into OTG Management, a New York-based operator of airport food and beverage concessions with more than 230 locations across 11 airports. www.otgexp.com

• MBK Partners and TPG Capital have submitted a joint bid for Wharf T&T Ltd., a provider of fixed-line telecom services in Hong Kong, according toBloomberg. The deal could be valued at around $1 billion, with the private equity consortium bidding against SmarTone Telecommunications Holdings (HK: 315).Read more.

tpg capital

• Platinum Equity has acquired Fabcon, a Savage, Minn.-based manufacturer of precast, pre-stressed concrete wall panels for nonresidential construction applications, from the company’s founders. No financial terms were disclosed.www.fabcon-usa.com

Platinum Equity

• Nazca Capital has agreed to acquire around a 75% stake in CAIBA, a Spanish maker of PET preforms and containers for the food, household products and personal hygiene sectors. No financial terms were disclosed. www.nazca.es

• Newfit, a licensee of six Fitness Connection health clubs in Dallas, has raised an undisclosed amount of private equity funding from LNK Capital (which also is an investor in Fitness Connection). No financial terms were disclosed, except that Golub Capital provided senior debt. www.lnkpartners.com

• Societe Generale is in talks to sell its 49% stake in a mutual fund joint venture with Chinese state-owned Baosteel Group, to Warburg Pincus. Read more via Reuters.

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

IMPORTANT: I am testing new blog posting and your feedback is welcome!

Happy Networking and Investing,

JD Morris

JD Morris

Text an EBITDA deal anytime at +1 858-869-9483

PEG Pipeline and EBITDA Deals


We continue to focus on my goal of networking for 90 days ( #networking90days ) and are very thankful for all the amazing referrals.  Today focus is speaking to 3 beer companies and one government contractor.  Although not all deals are easy to fund, strong EBITDA as always makes the deal easier!

Happy Networking and now for PEG PIPELINE and JPG of the day!

JPG OF THE DAY

Many investors in Cyber Security, but clear winners and breakout companies remain a gamble!  NEA, Intel Capital, and ACCEL Partners invest in many.

Cyber Securtity.png

 

PEG PIPELINE

Cal Net Technology Group, a Chatsworth, Calif. -based customer support services provider, will acquire inhouseIT, a provider of managed IT services in Orange County. Cal Net is a portfolio company of Boathouse Capital and Olympic Valley Capital. inhouseit.com/

Clayton, Dubilier & Rice is in talks to acquire Drive DeVilbiss, a Port Washington, N.Y.-based wheelchair manufacturer, for about $750 million, according to Reuters. www.drivemedical.com/b2b/

CVR Energy, a Texas-based refiner owned by Carl Icahn, is preparing an offer forDelek U.S. Holdings, a refiner in Arkansas and Texas, according to The New York Post. Read more.

FIMI is in advanced discussions to acquire the Israeli subsidiary of British security giant G4S, according to Haaretz. The deal could reportedly be valued at $104.9 million. Read more. 

First Reserve portfolio company Saddle Barnett Resources has agreed to acquire the interests of Chesapeake Energy Corporation (NYSE: CHK) in the Barnett Shale operating area in North Texas. www.chk.com/

Platinum Equity has agreed to acquire Electro Rent Corporation (NASDAQ: ELRC), a seller and renter of computing equipment, for about $382 million.www.electrorent.com/

Platinum Equity

PAI Partners will acquire Roompot Vakanties, a Netherlands-based provider of recreation parks. www.roompot.nl/

Stem, a provider of energy storage solutions based in Millbrae, Calif., has raised up to $100 million in financing from affiliates of Starwood Energy Group Global.www.stem.com 

Valentus Specialty Chemicals, a portfolio company of Huron CapitalPartners, has acquired the wood floor finishes business of New Rochelle, N.Y.-based Paint Over Rust Products. No financial terms were disclosed.

Wellspring Capital Management is selling National Seating & Mobility, a provider of custom mobility, rehab, and adaptive seating systems based in Franklin, Tenn., to Court Square Capital Partners. Terms were not disclosed. www.nsm-seating.com

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

Contact JD Morris anytime via text 858-869-9483 about $4 million plus EBITDA deals.  Our network of deal people can do billion dollar down to just few million dollar M&A deals.

Happy Networking,

JD Morris

JD Morris

Text +1 858-869-9483

https://www.linkedin.com/in/jdmorris

 

PEG Deals that close – Update networking 90


 

 

My 90 days of networking is all about getting know great people and referrals.  Join me on Facebook for FacebookLive event!  If you have a great deal for Advent International or Platinum Equity, I can help fast track them as well as my partners. And now for deals that close!

PRIVATE EQUITY DEALS THAT CLOSE:

The below information is provided by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

• Advent International is among several private equity firms exploring a bid for the Central and Eastern European beer brands for SABMiller (LSE: SAB), according to Reuters. The deal could be valued at upwards of €7 billion. www.AdventInternational.com

Advent International

• Audax Private Equity has ac3quired RelaDyne Inc., a Cincinnati-based lubricant and fuel distributor, from AEA Investors. No financial terms were disclosed. www.reladyne.com

• BioClinica Inc., a Newtown, Penn.-based pharma contract research organization, has acquired Compass Research, a provider of tech-enabled services that support clinical trials. No financial terms were disclosed. BioClinica backers include JLL Partners and Water Street Healthcare Partners. www.bioclinica.com

• Belcan LLC, a Cincinnati-based portfolio company of AE Industrial Partners, has acquired Intercom Consulting & Federal Systems, a Lansdowne, Va.-based provider of enterprise-level IT solutions for the U.S. federal government. No financial terms were disclosed www.belcancorporation.com

• Columbia Asia, a Seattle-based operator of 27 hospitals and one clinic in India, Malaysia, Vietnam and Indonesia, has raised $101 million in funding from Mitsui & Co. www.colpacmanagement.com

• Hargett Hunter Capital Partners has acquired a majority stake in The Original ChopShop Co., a Scottsdale, Ariz.-based fast casual restaurant concept. No financial terms were disclosed. www.chopshopco.com

• Hylan Datacom & Electrical, a Holmdel, N.J.-based provider of communications and Internet infrastructure solutions, has raised an undisclosed amount of equity funding from Flexis Capital and TZP Group.www.hylangroup.com

• Lindsay Goldberg has agreed to acquire Schur Flexibles Group, an Austria-based maker of flexible packaging products in Europe. No financial terms were disclosed. www.lindsaygoldbergllc.com

• Platinum Equity has completed its previously-announced acquisition of JM Swank, a North Liberty, Iowa-based food ingredient sourcing and distribution company, from ConAgra Foods Inc. (NYSE: CAG). No financial termswere disclosed. www.jmswank.com

Platinum Equity

• Tidemark, a Redwood City, Calif.-based provider of enterprise performance management software, has raised an undisclosed amount of growth equity funding from Marlin Equity Partners. www.tidemark.net

Information provide by Associated Press, CB Insight, Crunchbase, Forbes, Market Watch, Reuters, and other sources.  Please check company website for best information.

NETWORKING 90 DAYS

We will be doing radio, social media, and more!  However, Facebook Live is where we are every day!  Live via: https://www.facebook.com/text8588699483

Today we will cover what you need for growth capital from major Private Equity Group!

Happy Networking,

ESPN 1700 JD Morris

JD Morris

Send me a referral at +1 858-869-9483

Join me on LinkedIN:  http://www.linkedin.com/in/jdmorris

OTHER SOCIAL NETWORKING

Facebook URL: https://www.facebook.com/InvestorNetwork

Twitter URL: https://twitter.com/RedHookCapital

LinkedIN URL: http://www.linkedin.com/groups/Investor-Network-JD-Morris-Accredited-53760/about