Private Equity Firm Other

Sleeping Bear Capital

San Francisco, California, United States

Founder-first private equity firm (Sleeping Bear Capital) with a focus on acquiring and building companies; the firm has publicly announced investments and portfolio activity (e.g., acquisition and relaunch of Ultra Electronics’ fuel cell business as Adaptive Energy).

Focus Areas
Private equity investments, Acquisitions, Portfolio company platform builds

Tracked deals

3

3 tracked deals across 2019-2021.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

2 buyout · 1 divestiture

Sleeping Bear Capital Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Sleeping Bear Capital. 2 2019 1 2021

Supporting Data

Recent Transactions

  • Sleeping Bear Capital Acquires Venice Longboards
    February 8, 2021
    Buyer
    Sleeping Bear Capital
    Target
    Venice Longboards
    Industry
    E-Commerce
    Location
    California, United States
    Type
    Buyout

    Sleeping Bear Capital, a founder-focused private equity firm, has acquired Venice Longboards, a California-based e-commerce and lifestyle brand specializing in electric longboards. Founder Brett Casaccio will remain in his role and retain an ownership stake while Sleeping Bear plans to invest in the company’s e-commerce platform, marketing, distribution, customer service and product development to drive growth.

  • Berggruen Holdings and Sleeping Bear Capital Take Majority Stake in Phenomenon
    July 24, 2019
    Buyer
    Berggruen Holdings, Sleeping Bear Capital
    Target
    Phenomenon
    Industry
    Marketing & Advertising
    Location
    California, United States
    Type
    Buyout

    Los Angeles-based Berggruen Holdings and San Francisco-based Sleeping Bear Capital announced a strategic majority investment in Phenomenon, a Los Angeles-based business transformation and brand agency. The investors plan to use Phenomenon as a platform for add-on acquisitions to expand capabilities in social marketing, AI-based marketing tools, and strategic media planning.

  • Sleeping Bear Capital Acquires Ultra Electronics' Fuel Cell Business, Rebrands as Adaptive Energy
    January 14, 2019
    Buyer
    Sleeping Bear Capital
    Target
    Adaptive Energy LLC
    Seller
    Ultra Electronics
    Industry
    Energy
    Location
    Michigan, United States
    Type
    Divestiture

    Sleeping Bear Capital, a newly formed San Francisco-based private equity firm, acquired the fuel cell manufacturing business unit of Ultra Electronics and relaunched it as Adaptive Energy LLC. Adaptive Energy — based in Ann Arbor, Michigan — designs and manufactures solid oxide fuel cells (SOFC) for backup and portable power, and serves customers including Lockheed Martin and RedHawk under long-term supply agreements.

Related Acquisition Pages

E-Commerce Buyers & Acquisitions 1 tracked deal by Sleeping Bear Capital. Energy Buyers & Acquisitions 1 tracked deal by Sleeping Bear Capital. Marketing & Advertising Buyers & Acquisitions 1 tracked deal by Sleeping Bear Capital. Acquisitions in California 2 tracked deals by Sleeping Bear Capital. Acquisitions in Michigan 1 tracked deal by Sleeping Bear Capital.

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