NepFin DealWatch as of March 30, 2020

Mar 30, 2020

For the week preceding March 30, here are some notable deals in the lower middle market. For more deal information, click the category hyperlinks below. Additionally, if you'd like to see one of your deals featured in our newsletter, you may submit the details here.

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On behalf of the entire NepFin Team, we hope you and your loved ones stay safe and healthy during this trying time. 

 

Business Services

  • CNL Strategic Capital and Levine Leichtman Capital Partners invested in Blue Ridge ESOP Associates, a Charlottesville, VA-based provider of administrative services for employee stock ownership plans and 401(k) plans; Deutsche Bank Securities advised on the transaction
  • Riverside Partners acquired Red Nucleus Enterprises, a Yardley, PA-based provider of digital learning and compliance solutions to the life sciences industry; Renovus Capital Partners remains a minority investor; Cherry Bekaert advised on the transaction
  • Additional transactions

Consumer

  • Guy & O'Neill, backed by Centre Partners, acquired Boomerang Laboratories, a Spring Park, MN-based manufacturer of personal care and household cleaning products
  • Additional transactions

Financial Services-1

  • Northlane Capital Partners invested in VMG Health, a Dallas, TX-based provider of valuation and transaction advisory services for healthcare companies
  • Additional transactions

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Healthcare

  • Eye Health America, backed by LLR Partners, acquired (i) Dillon Eyecare Associates and (ii) Pee Dee Eye Associates, both companies are providers of optometry services in South Carolina
  • Additional transactions

Industrials

  • Carnelian Energy Capital acquired Percussion Petroleum II, a Houston, TX-based oil and gas company pursuing an acquisition and development strategy
  • Additional transactions

TMT

  • TA Associates invested in Accion Labs, a Bridgeville, PA-based provider of product engineering services specializing in emerging technologies; Basil Technology Partners remains an investor; Avendus Capital and TA Associates Advisory Private Limited advised on the transaction
  • Marlin Equity Partners invested in SmartLinx Solutions, an Iselin, NJ-based provider of workforce management and human capital management software
  • Argo Infrastructure Partners, Macquarie Capital Principal Finance and Wafra acquired TierPoint, a St. Louis, MO-based provider of secure edge-connected data center and cloud solutions; Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners remain investors; Citi, DH Capital, Bank Street Group, and Goldman Sachs advised on the transaction
  • Additional transactions

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Deal information described in DealWatch is obtained from publicly available sources or as communicated to NepFin without restrictions on confidentiality. NepFin makes efforts to ensure the information provided is accurate as of the date of its collection, but NepFin cannot guarantee that there will be no errors. NepFin makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the contents of the newsletter and expressly disclaims liability for errors and omissions in the contents of this newsletter.