Pipeline – Private Equity 18-03-24

Growth capital and private equity

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“The Future will not just happen, you make it happen!”

Again this is just a fun BETA blog website with a few goals.  Our main goal is networking for results!  Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris

Here are a few deals that closed of interest that our Senior Executive Advisors can help provide.

• The Riverside Company acquired Safety First Contracting, a Canada-based provider of traffic management solutions for utilities, utility contractors and telecommunication companies, as an add-on for its Area Wide Protective platform. Financial terms weren’t disclosed.

• Eckhart, a portfolio company of LFM Capital, acquired Logic Plus, a Reed City, Mich.-based electrical controls and automation company. Financial terms weren’t disclosed.

• Harvey Building Products, a portfolio company of Dunes Point Capital, acquired Thermo-Tech Windows & Doors, a Sauk Rapids, Minn.-based maker of new and replacement windows and doors. Financial terms weren’t disclosed.

• GrayMatter, a portfolio company of Hamilton Robinson Capital Partners, acquired Technical Marketing Manufacturing, Inca Denver, Colo.-based supplier of electrical control equipment and software.

• Entertainment Studios acquired the Weather Group, parent company of the Weather Channel television network and Local Now streaming service. The sellers were Blackstone, Bain Capital and Comcast/NBC Universal. Financial terms weren’t disclosed.

Talk with our senior executive advisors (SEA) that can help you explore options.

Happy Networking and Investing,

 

JD Morris

Investor Network by JD

VC Deal Flow


We hope to launch our new beta blog in 4q2017, but want keep posting about deals closing!  Here a few:

  • Science Exchange, a Palo Alto, Calif.-based operator of a platform for scientific services, raised $28 million in Series C funding. Norwest Venture Partners led the round. Existing investors Union Square Ventures, Maverick Capital and Collaborative Fund participated.
  • Spruce Finance Inc, a San Francisco-based provider of consumer financing for residential energy efficiency and solar technology, raised $25 million in funding from HPS Investment Partners.
  • Vector, a Tucson, Ariz.-based micro-satellite launch company, raised $21 million in Series A funding. Sequoia Capital led the round, and was joined by Shasta Ventures and Lightspeed.
  • Lynq, a New York City-based location technology startup, raised $19 million in seed funding. Plus Eight Equity Partners led the round, and was joined by investors including ARC Angel Fund and Angel Investor Forum.
  • Bonfire, a Canada-based sourcing enablement software, raised $11 million in funding. Battery Ventures led the round, and was joined by investors including Crosslink Capital and Spider Capital.
  • Make.TV, a Seattle, Wash.-based cloud live video acquisition and management solution, raised $8.5 million round of funding. Voyager Capital led the round. Microsoft Ventures, Vulcan Capital and Arnold Venturesparticipated.
  • Harver, an Amsterdam-based HR tech company, raised $8.1 million in Series A funding. Insight Venture Partners led the round.
  • Work Truck Solutions, a Chico, Calif.-based provider of commercial truck inventory solutions, raised $5 million in funding. Autotech Ventures led the round, and was joined by investors including Belle Michigan, Wakestream Ventures, Moneta Ventures and Golden Seeds.
  • UpKeep, a Los Angeles-based provider of maintenance management solutions for facility maintenance teams, raised $2.7 million in seed funding. Investors include Battery Ventures and Bain Capital Partners.
  • Terran Orbital, an Irvine, Calif.-based nanosatellite design, development, manufacturing, testing and launch company, raised funding of an undisclosed amount from Lockheed Martin Ventures.
  • ProSteel Security, a Provo, Utah-based maker of safety and security products, raised funding of an undisclosed amount. Investors include City Capital Ventures and Promus Equity Partners LLC.
  • Kakao Mobility, the South Korea-based ride-hailing service platform run by Kakao Corp, raised 500 billion KRW ($437 million) in funding from TPG.
  • tpg capital

Unicorn M&A plus PEG Deals that close


Need a private equity firm to provide $100 million dollars in backing to do a large MBO in less than 24 hours?  This can happen for “Unicorn M&A” deals this year!  Contact JD Morris via text to 858-869-9483 anytime.  For the right deal such large business unit, Private Equity players can move fast.  The larger the EBITDA, the greater the interest!

Big M&A Deals

PRIVATE EQUITY PIPELINE

Certica Solutions, a Wakefield, Mass.-based provider of educational technology, has acquired Educuity, a provider of Ed-Fi services based in Austin, Texas. Certica is backed by New Harbor Capital. No terms were disclosed. www.educuity.com 

EQT will acquire Press Ganey (NYSE: PGND), a Wakefield, Mass.-based healthcare performance improvement company, for $40.50 in cash per share of Press Ganey common stock, for an enterprise value of approximately $2.35 billion. www.pressganey.com/ 

Ontario Teachers’ Pension Plan, RedBird Capital Partners, and Aethon Energy Management have acquired J-W Energy’s oil and gas upstream and midstream assets in northeast Texas and north Louisiana. These assets are being consolidated with Haynesville and Rockies assets acquired by Aethon and Redbird to form a joint partnership known as Aethon Unitedwww.jwenergy.com

One North, a digital marketing agency based in Chicago, has taken a strategic investment of undisclosed size from Svoboda Capital Partners, a Chicago-based private equity firm. http://www.onenorth.com/

PlanetRisk, a Washington, D.C.-based provider of risk assessment services has agreed to acquire Analytic Strategies, a McLean, Va.-based provider of analytics services, for an undisclosed amount. PlanetRisk is backed by Frontier Capital and Petra Capital Partnerswww.analyticstrategies.com/

RoundTable Healthcare Partners has made a majority investment in two Dallas-based beauty companies, Revision Skincare and Goodier Cosmetics.www.revisionskincare.com www.goodiercosmetics.com

Sverica Capital Management is acquiring RMS Healthcare Management, a provider of management services to Med First Immediate Care and Family Practice, a provider of primary care based in Jacksonville, North Carolina. Cadiz Capital also participated in the transaction. Terms were not disclosed.thinkmedfirst.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

Deal Flow by JD – 93 Food & Beverage Startups to exit players!


Day 6 of 90 Networking!  Focus today Beer, Wine, and Food & Beverage Deals!  Text me at +1 858-869-9483 about any size food startup!  I love food& Beverages! and do what you love! #DoWhatYouLove #Networking90days

EXIT IS THE KEY!

There are few key players is the good news!

2 of 2 Food Exit

I can help with fast tracking your company to several of the above players!  I can provide a referral to other players that can help you!  Text me with introduction and then call +1 858-869-9483 anytime.

The food and beverage industry is remarkably concentrated, with top companies wielding multiple, sometimes dozens, of brands to capture over 70% market share in the US market in key segments like beer, soda, chocolate, and cereal.

With increased global focus on health and natural eating, smaller food companies have grown in recent years — a Boston Consulting Group report found that CPG companies with less than $5B in sales gained 2.7 points of market share since 2011 — representing $18.1B in aggregate sales growth. BCG also noted that in 2015 the industry saw its fastest growth rate since 2012.

And now for deals that closed!

Food Deals

Food & Beverage Consumer Packaged Goods Private Companies List
Company Category Focus Select Investors
Nurturme Baby Food Baby food EcoEnterprises Fund
Joint Juice Beverages Bone health drinks Lurie Investment Fund, Nestle
Suja Life Beverages Fruit drinks Coca-Cola Company, Boulder Brands Investment Group, Leonardo DiCaprio
Sambazon Beverages Acai drinks Stonyfield Farms, Greenmont Capital Partners
Paper Boat Beverages Fruit drinks Catamaran Ventures, Sequoia Capital India
Zevia Beverages Sugar-free soda Northwood Venture Partners, NGEN Partners
Core Nutrition Beverages Water 7-Ventures
AquaHydrate Beverages Water Mark Wahlberg, The Yucaipa Companies
Bai Beverages Antioxidant drinks Strand Equity Partners
Cheribundi Beverages Cherry drinks Cayuga Venture Fund, Emil Capital Partners
VOSS Water Beverages Water Centra Capital, Juggernaut Capital Partners
Hint Beverages Flavored water Verlinvest
Spindrift Beverages Sparkling fruit drinks Prolog Ventures, RiverPark Ventures
WTRMLN WTR Beverages Watermelon juice CAVU Ventures, Beyonce Knowles
Karma Wellness Water Beverages Flavored water Undisclosed
Fred Water Beverages Water Tudor Ventures
Sipp Beverages Organic cocktail mixers Emil Capital Partners
Goodbelly (NextFoods) Probiotic Drinks Kombucha Emil Capital Partners, Maveron
Health-Ade Kombucha Probiotic Drinks Kombucha CAVU Ventures, First Beverage Group
Kevita Probiotic Drinks Kombucha KarpReilly, LMN VC
Humm Kombucha Probiotic Drinks Kombucha Undisclosed
Coco Libre (Maverick Brands) Coconut Water Coconut water Undisclosed
Vita Coco (All Market) Coconut Water Coconut water Verlinvest, Madonna, Demi Moore
Simply Gum Candy & Gum Natural gum Collaborative Fund
Unreal Brands Candy & Gum Gluten-free candy Khosla Ventures, Raptor Consumer Partners
SweetRiot Candy & Gum Chocolate Golden Seeds
Nibmor Candy & Gum Chocolate Emil Capital Partners
Boomf Candy & Gum Personalized marshmallows Duncan Jennings
Blue Bottle Coffee & Tea Coffee Index Ventures, True Ventures, Google Ventures
Califia Farms Coffee & Tea Cold brew coffee Stripes Group
Numi Coffee & Tea Tea Partnership Capital Growth, Catamount Ventures
Rooibee Red Tea Coffee & Tea Tea SeedStep Angels, SB Holding
Guayaki Coffee & Tea Yerba mate tea Undisclosed
Teabox Coffee & Tea Tea Accel Partners, Horizen Ventures
Bhakti Chai Coffee & Tea Tea Colorado Impact Fund, P2BInvestor
Hampton Creek Egg & Dairy Alternatives Vegan egg substitutes Khosla Ventures, Collaborative Fund, Horizons Ventures
The FRS Company Energy Drinks Energy drinks Oak Investment Partners, Radar Partners, RRE Ventures
Ripple Foods Egg & Dairy Alternatives Plant-based milk Blueberry Ventures, Google Ventures, Collaborative Fund, Prelude Ventures
Kite Hill Egg & Dairy Alternatives Dairy-free cheese Khosla Ventures, New Crop Capital
Ruby’s Naturals Egg & Dairy Alternatives Non-dairy yogurt Mistral Equity Partners
Melt (Prosperity Organic Foods) Egg & Dairy Alternatives Non-dairy buttery spreads Boise Angel Alliance, Frontier Angel Fund
Muufri Egg & Dairy Alternatives Animal-free milk SOSVentures, Horizons Ventures, Indie.Bio
Good Karma Egg & Dairy Alternatives Plant-based milk 2x Consumer Products Growth Partners
Clara Foods Egg & Dairy Alternatives Animal-free egg white SOSVentures
Heidi Ho Egg & Dairy Alternatives Plant-based cheese Lori Greiner
Daiya Egg & Dairy Alternatives Non-dairy cheese & yogurt N/A
Kill Cliff Energy Drinks Energy drinks Sherbrooke Capital
Aspire Beverage Company Energy Drinks Energy drinks InnoVentures Capital Partners
Runa Energy Drinks Energy drinks Investors Circle, MetaBrand Capital
Glukos Company Energy Drinks Energy drinks Ecosystem Integrity Fund
Ciao Bella Ice Cream & Froyo Gelato Encore Consumer Capital, Sherbrooke Capital
Yasso Ice Cream & Froyo Frozen yogurt bars Raptor Consumer Partners
Jala Bars (BE Active Brands) Ice Cream & Froyo Frozen yogurt bars Undisclosed
Sir Kensington’s Ingredients & Condiments Condiments Verlinvest
Nutek Food Science Ingredients & Condiments Lower-sodium salt Khosla Ventures
Bonafide Provisions Ingredients & Condiments Bone broth Boulder Brands Investment Group
Soylent Nutritional Drinks Meal replacement drinks Andreessen Horowitz, Index Ventures, Lerer Hippeau Ventures, Initialized Capital
Mix1 Nutritional Drinks Protein shakes Highland Capital Partners
The Chia Company Meat & Dairy Chia Pods Arlon Capital Partners, VO2 Partners
MilkMantra Meat & Dairy Milk Eight Roads Ventures, Aavishkaar
Maia Yogurt (Healthy Mom) Meat & Dairy Yogurt  Undisclosed
Good Culture Meat & Dairy Cottage Cheese General Mills Ventures, CAVU Ventures
Pre Brands Meat & Dairy Grass-fed steaks BRJ Ventures
Memphis Meats Meat & Dairy Cultured meat New Crop Capital, SOSventures
Impossible Foods Meat & Dairy Cultured plant-based meat Bill Gates, Khosla Ventures, Google Ventures, Horizons Ventures
Luvo Packaged Meals Packaged meals TomorrowVentures
Beyond Meat Packaged Meals Plant protein Kleiner Perkins Caufield & Byers, Obvious Ventures, Bill Gates
Saffron Road (American Halal Company) Packaged Meals Halal meals Undisclosed
Fishpeople Packaged Meals Seafood 3×5 Special Opportunity Partners
Sweet Earth Packaged Meals Packaged meals Undisclosed
Urban Remedy Packaged Meals Packaged meals Slow Ventures, Venture51, Science Media
Hungryroot Packaged Meals Vegetarian meals Lerer Hippeau Ventures, Crosslink Capital, Lightspeed Venture Partners, Brooklyn Bridge Ventures
Red’s All Natural Packaged Meals Burritos Undisclosed
Hilary’s (Drink Eat Well) Packaged Meals Veggie burgers Undisclosed
Buen Sabor (Good Tastes) Packaged Meals Frozen empanadas  Kodiak Venture Partners
ZenMonkey Packaged Meals Packaged breakfasts Undisclosed
Aloha Protein Bars Bars, teas & juices Khosla Ventures, BoxGroup, First Round Capital
Health Warrior Protein Bars Chia seed bars New Ground Ventures, New Richmond Ventures
Exo Protein Protein Bars Cricket protein bars AccelFoods, Collaborative Fund, Dentsu Ventures
Ocean’s Halo (New Frontier Foods) Snack Food Seaweed chips Undisclosed
Rhythm Superfoods Snack Food Veggie chips 301 INC, CircleUp, Affinity Angel Investment Fund
Pop Gourmet Foods Snack Food Popcorn Undisclosed
Sahale Snacks Snack Food Nut snacks Palladium Equity Partners
Primizie Snack Food Crispbreads Tasty Ventures, Baylor Angel Network
Little Duck Organics Snack Food Kids’ fruit snacks Burch Creative Capital
Wholesome Goodness Snack Food Chips Jump Capital
Two Moms In The Raw Snack Food Gluten-free vegan snacks NGEN Partners
Nourish Snacks Snack Food Fruit & veggie snacks Undisclosed
PerkyJerky Snack Food Beef & turkey jerky Sunrise Strategic Partners
Funley’s Snack Food Crackers & Granola Distinct Capital, Lux Capital
Dang Foods Snack Food Coconut chips & onion chips Sonoma Brands
Nomva Snack Food Fruit & veggie snacks Evolution Media Partners, Taylor Farms
Peeled Snacks Snack Food Fruit & veggie snacks Fireman Capital Partners
Barnana (Wholesome Valley Foods)  Snack Food Banana bites Boulder Food Group
Chef’s Cut Real Jerky Snack Food Jerky CAVU Ventures
Brad’s Raw Chips Snack Food Veggie chips Ben Franklin Technology Partners
JicaChips Snack Food Jicama chips AccelFoods
Chirps (Six Foods) Snack Food Cricket flour chips  MassChallenge
Halfpops Snack Food Popcorn N/A

PEG Deals that close 2016-07-06


Text JD Morris at 858-869-9483 if you own a communication companies.  I have advised and sold more than $42 billion in communication companies.  From creating new billion dollar ventures to selling off assets for NYSE company.  Referrals to EBITDA companies is always welcome.  Below are deals that closed with PEGs such as the telecommunication deal Camusat Group.

telcommunications

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

• Convenience Valet, a portfolio company of Weinberg Capital Group, has acquired Mendex Merchandising, a Melrose Park, Ill-based provider of branded health and beauty care products. No financial terms were disclosed. http://www.cvalet.com/

• Equistone Partners Europe has acquired a majority stake in Camusat Group, a French provider of maintenance and installation of telecom infrastructure networks. No financial terms were disclosed. Sellers include MBO Partenaireshttp://www.camusat.com/

• Gryphon Investors has acquired CORA Health Services Inc., an operator of operator of outpatient physical therapy services with a focus on the Southeastern U.S. No financial terms were disclosed. http://www.gryphon-inv.com/

• Kingswood Capital Management has acquired AVAD LLC, a Sherman Oaks, Calif.-based distributor of audio and video solutions focused on the commercial and residential custom installation markets, from Ingram Micro (NYSE: IM). No financial terms were disclosed. http://www.avad.com/

KKR

• KKR has agreed to acquire Epicor Software Corp., an Austin, Texas-based provider of sales and supply chain management software, from Apax Partners. No financial terms were disclosed. http://www.epicor.com/default.aspx

• Mountain Capital Management, a Houston-based private equity firm, has agreed to acquire the oil and gas subsidiary (Compass Production Partners) of HRG Group Inc. (NYSE: HRG) for $145 million.  http://www.hrggroup.com/phoenix.zhtml?c=118763&p=irol-newsArticle&ID=2181994

• RoundTable Healthcare Partners has completed its previously-announced $150 million take-private acquisition of Symmetry Surgical Inc., a Nashville, Tenn.-based maker of reusable, reposable, and single-use surgical instrumentation and specialty devices. No financial terms were disclosed. http://www.symmetrysurgical.com/Welcome/

• Valet Waste, a Tampa, Fla.-based portfolio company of Ares Management and Harvest Partners, has acquired Simple Turns, a Denver-based provider of carpet cleaning, painting, porter services, apartment cleaning and turn services to the multifamily housing industry. No financial terms were disclosed. http://www.valetwaste.com/

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

Happy Networking and Investing,

JD Morris

JD Morris @ +1 858-869-9483

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

INVESTOR 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

 

PEG Deals that Close 2016-06-30


Investor Network by JD

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

• Apollo Global Management has agreed to acquire Diamond Resorts International Inc. (NYSE: DRII), a Las Vegas-based operator of timeshare properties. The deal is valued at around $2.2 billion, or $30.25 per share (58% premium to closing price for Diamond Resorts stock on Feb. 24, when the company said publicly that it was exploring strategic options).

• Berkshire Partners has acquired Parts Town, an Addison, Ill.-based parts distributor in the foodservice equipment market, from Summit Partners (which will retain a minority equity stake). No financial terms were disclosed.www.partstown.com

• Blackboard, an education technology company backed by Providence Equity Partners, has agreed to acquire Higher One Holdings Inc. (NYSE: ONE), a -based provider of online payment software for tuition and fees. The all-cash deal is valued at around $260 million, or $5.15 per share. www.blackboard.com

• Bruin Sports Capital has acquired Deltatre, an Italy-based sports media services company. No financial terms were disclosed. www.deltatre.com

• Clayton Dubilier & Rice and WM Holding have made a binding takeover offer for French furniture retailer BUT Group. No financial terms were disclosed. Read more.

• Freeman Spogli & Co. has acquired City Barbeque, a Dublin, Ohio-based fast-casual barbeque restaurant chain with 26 locations. No financial terms were disclosed. www.citybbq.com

• TA Associates has acquired a majority stake in Kiwoko, a Madrid-based pet care retailer, from Prine Capital and Corpfin Capital. No financial terms were disclosed. www.kiwoko.com

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

Happy Networking,

JD Morris

JD Morris

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

INVESTOR 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

 

PEG Deals Deal that close 2016-06-15


Red Hook Capital is looking for companies that can be consolidated with similar companies and then taken public (or sold to a market leader).  With our partners we can invest $5 to $50 million.

Below is an update of deals that have closed in the Private Equity Group World.

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

• Geneva Glen Capital has acquired Dianne’s Fine Desserts, a Newburyport, Mass.-based provider of frozen thaw-and-serve desserts to the foodservice industry, from Superior Capital Partners. No financial terms were disclosed.www.diannesfinedesserts.com

• Implus, a Durham, N.C.-based provider of athletic, fitness and outdoor accessories, has acquired MCN Solutions CC, a South Africa-based distributor of branded sporting products (including Implus products). No financial terms were disclosed. Implus is a portfolio company of Berkshire Partners. www.implus.com

• KKR has agreed to acquire South Korean hypermarket chain Kim’s Club from E-Land for an undisclosed amount. www.kkr.com

KKR

• Navicure, a Duluth, Ga.-based provider of cloud-based claims management and patient payment solutions for physician practices and hospitals, has agreed to an undisclosed amount of private equity investment from Bain Capital.www.navicure.com

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

Happy Networking,

JD Morris

JD Morris

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

INVESTOR 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