Tracked deals
16
16 tracked deals across 2017.
Recapitalizations in 2017
Buyer mix
PE-led
18 pe · 4 investor
Top trend
Volume peaked in 2021
264 tracked deals announced in 2021.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Five Points Capital | 2 | Lower-middle-market private equity manager providing debt... | PE |
| Aavin Equity Partners | 1 | Midwestern private equity firm that invests in late-stage... | PE |
| Brass Ring Capital | 1 | Private investment firm focused on ownership transitions ... | PE |
| Camden Partners | 1 | Growth equity firm investing in enterprise software and t... | PE |
| CapitalSpring | 1 | Private investment firm focused on the restaurant and mul... | PE |
| Castanea Partners | 1 | Private equity firm focused on partnering with founder-le... | PE |
| Champlain Capital Partners, LP | 1 | Middle-market private equity fund providing equity capita... | PE |
| Dinan & Company | 1 | Middle‑market investment bank and advisory firm that also... | Investor |
| Green Diamond management | 1 | Company management team participating as investor/co-spon... | Investor |
| Hadley Capital | 1 | Lower-middle-market private investment firm that acquires... | PE |
Acquisition Volume in Recapitalizations in 2017 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 7, 2017
- Buyer
- New Mountain Capital
- Target
- CenseoHealth, Advance Health
- Industry
- Healthcare Services
- Location
- United States
- Type
- Recapitalization
New Mountain Capital has acquired a majority ownership interest in CenseoHealth and Advance Health through a recapitalization announced December 7, 2017. The investment combines the two technology-enabled payer service providers to create a scale platform offering in-home health assessments, chronic care management and care coordination for health plans and providers across the United States.
-
November 29, 2017
- Buyer
- Trinity Hunt Partners
- Target
- IMS ExpertServices
- Industry
- Legal Services
- Location
- Florida, United States
- Type
- Recapitalization
Trinity Hunt Partners, a Dallas-based private equity firm, acquired a majority interest in IMS ExpertServices, a Pensacola-based provider of expert witness search and placement services. The deal is a recapitalization intended to accelerate IMS's growth; senior debt was provided by Freeport Financial and company founders Bill Wein and Ted Gorder will remain as shareholders and management.
-
November 27, 2017
- Buyer
- Five Points Capital, Allen King and the Blake & Pendleton management team
- Target
- Blake & Pendleton
- Seller
- Svoboda Capital Partners
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Recapitalization
Blake & Pendleton, a Macon, Georgia-based value-added distributor of compressed air, pumping and flow-control equipment, was recapitalized in a management-led buyout where CEO Allen King and the B&P management team partnered with Five Points Capital. Svoboda Capital Partners sold its position in the company as part of the transaction, leaving management as majority stakeholders alongside Five Points.
-
October 9, 2017
- Buyer
- Lindsay Goldberg
- Target
- Women's Care Florida
- Seller
- Ignacio Armas, MD and Women's Care Florida physician partners
- Industry
- Healthcare Services
- Location
- Florida, United States
- Type
- Recapitalization
Lindsay Goldberg has completed a recapitalization of Women's Care Florida, a Tampa-based multi-specialty women's health physician group. Hyde Park Capital served as exclusive investment banker for the transaction; the partnership aims to support WCF's growth and pursue broader geographic expansion and capability development.
-
September 25, 2017
- Buyer
- MSI Capital Partners, Aavin Equity Partners, Green Diamond management
- Target
- Green Diamond Sand Products
- Industry
- Manufacturing
- Location
- Oregon, United States
- Type
- Recapitalization
MSI Capital Partners partnered with Aavin Equity Partners and Green Diamond management to recapitalize Green Diamond Sand Products and form Green Diamond Performance Materials Inc. as a platform to fund continued growth and potential add-on investments in the industrial minerals sector. The transaction closed on September 8, 2017, with Orca Capital Securities advising the company.
-
September 25, 2017
- Buyer
- HighBar Partners, Merck Global Health Innovation Fund, Camden Partners, Psilos Group, TPG
- Target
- PatientSafe Solutions
- Industry
- Healthcare Services
- Location
- California, United States
- Type
- Recapitalization
PatientSafe Solutions, a San Diego–based provider of the PatientTouch mobile clinical workflow and communication platform, closed a $25 million financing led by HighBar Partners. The round included participation from Merck Global Health Innovation Fund, Camden Partners, Psilos Group, and TPG and will be used to scale operations, accelerate sales and customer success, and further develop clinical communications capabilities.
-
September 18, 2017
- Buyer
- Champlain Capital Partners, LP
- Target
- JSI Store Fixtures, Inc.
- Industry
- Building Products
- Location
- Maine, United States
- Type
- Recapitalization
Champlain Capital Partners, LP has completed a recapitalization of JSI Store Fixtures, Inc., a privately owned manufacturer of high-end retail and supermarket fixtures headquartered in Milo, Maine. BDO Capital Advisors served as exclusive financial advisor to JSI on the transaction, which provides liquidity to shareholders and positions the company for strategic growth and capital investments.
-
August 18, 2017
- Buyer
- Wincove Private Holdings, LP, Stone-Goff Partners
- Target
- Centerline Communications, LLC, TowerNorth Development, LLC
- Industry
- Telecommunications
- Location
- Massachusetts, United States
- Type
- Recapitalization
Wincove Private Holdings and Stone-Goff Partners completed a recapitalization investment in Centerline Communications and affiliated TowerNorth Development. Management, led by CEO Josh Delman, will remain a significant owner as the investors provide capital and support to grow the telecom infrastructure and tower development platform.
-
August 10, 2017
- Buyer
- CapitalSpring, Management of FSC Franchise Co.
- Target
- FSC Franchise Co., LLC
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Recapitalization
CapitalSpring partnered with the management team of FSC Franchise Co., LLC to recapitalize the franchisor of Beef ‘O’ Brady’s and The Brass Tap. The transaction provides capital and aligns management ownership to support growth and expansion of the company’s restaurant and bar brands.
-
- Buyer
- Milestone Partners, Dinan & Company
- Target
- Occasion Brands
- Industry
- E-Commerce
- Location
- New York, United States
- Type
- Recapitalization
Milestone Partners completed an equity recapitalization of Occasion Brands, the New York–based operator of PromGirl.com and SimplyDresses.com, partnering with management to support the company's next phase of growth. Dinan & Company co‑invested alongside Milestone; legal and financial advisers on the deal included Pepper Hamilton LLP and Financo.
-
- Buyer
- Rosewood Private Investments, Inc.
- Target
- Superior Environmental Solutions, Inc.
- Seller
- Dean Wallace, Chester Yeager
- Industry
- Environmental Services
- Location
- Ohio, United States
- Type
- Recapitalization
Rosewood Private Investments, the private investment arm of The Rosewood Corporation, recapitalized Superior Environmental Solutions (SES). SES founders Dean Wallace and Chester Yeager retained a significant ownership stake and will continue to lead the company; terms were not disclosed.
-
June 2, 2017
- Buyer
- Hadley Capital
- Target
- Gillinder Glass
- Seller
- Gillinder family
- Industry
- Manufacturing
- Location
- New York, United States
- Type
- Recapitalization
Hadley Capital has completed a recapitalization of Gillinder Glass, partnering with the Gillinder family and management to create a platform to support the company's growth. The transaction preserves Charlie Gillinder as President and brings management ownership while providing capital to expand into new U.S. and international markets.
-
June 1, 2017
- Buyer
- Castanea Partners
- Target
- The Bruery LLC
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Recapitalization
Castanea Partners completed a recapitalization of The Bruery LLC, a craft brewery based in Orange County, California, with terms not disclosed. Founder and CEO Patrick Rue will remain in his role and, along with his father Michael Rue, will remain significant shareholders; Farlie Turner Gilbert & Co. served as The Bruery's exclusive financial advisor.
-
- Buyer
- Brass Ring Capital
- Target
- Creative Learning Systems
- Seller
- Gary Nelson, Matt Dickstein
- Industry
- Education
- Location
- Colorado, United States
- Type
- Recapitalization
Brass Ring Capital purchased a majority equity interest in Creative Learning Systems, a Longmont, Colorado-based provider of turn-key STEM SmartLabs for K-12 schools. Cherry Tree advised Creative Learning Systems’ owners, Gary Nelson and Matt Dickstein, on the ownership transition as founder Gary Nelson planned for retirement.
-
April 3, 2017
- Buyer
- Five Points Capital
- Target
- TransGo
- Industry
- Automotive
- Location
- California, United States
- Type
- Recapitalization
Five Points Capital completed a recapitalization of TransGo, a Los Angeles–area specialty manufacturer of automotive transmission valve body parts, with Cascadia Capital acting as exclusive financial advisor to TransGo. A significant portion of the proceeds were distributed to selected charities and existing employees to honor the philanthropic legacy of TransGo’s late founder, Dr. Gilbert W. Younger.
-
- Buyer
- Thompson Street Capital Partners
- Target
- Software Technology, Inc.
- Industry
- Software
- Location
- Nebraska, United States
- Type
- Recapitalization
Thompson Street Capital Partners has partnered with Software Technology, Inc. (STI), maker of the Tabs3 and PracticeMaster legal practice management and financial software suites, in a recapitalization of the business. Cascadia Capital served as STI's exclusive financial advisor; the recapitalization will support product expansion and pursuit of new market opportunities.
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