PennantPark Investment Advisers Mergers and Acquisitions Summary

Lender Profile

In the last 3 years, PennantPark Investment Advisers has invested in 1 company.

PennantPark Investment Advisers’ most common sectors for investment aremanufacturing (15%) and marketing (15%) . The Firm’s most common investment types include secondary buyout (43%) and buyout (lbo, mbo, mbi) (20%). In total, PennantPark Investment Advisers has invested in 15 US states. Its largest (disclosed) acquisition occurred in 2011 when it acquired LegalShield for $650M.

The Firm’s most common exit type is secondary buyout (71%). PennantPark Investment Advisers’ largest (disclosed) exit occurred in 2015 when it sold Boyd for $557M.

Join Mergr to view PennantPark Investment Advisers’ full profile and discover more mega-sized lender investors just like it.

M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity21
    • M&A Sell Activity17
  • Total Sectors Invested 15
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 18

PennantPark Investment Advisers, LLC

1350 Avenue of the Americas, 32nd Floor,
New York, New York 10022
United States
www.pennantpark.com

PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Building Materials, Business Services, Chemicals, Communications, Construction, Consumer Products, Distribution, Electrical Equipment, Healthcare Services, Information Technology, Manufacturing, Marketing, Retail, Safety/Security

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Secondary Buyout, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 10 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 19 1 1 - - - 21
vol $1.3B $1.3B
Sell (0.0/yr) # 17 - - - - - 17
vol $857M $857M
  38

Most Recent M&A

Company Date Value Type
Cartessa Aesthetics LLC 2022-06-27 - Growth Capital
Melville, New York · www.cartessaaesthetics.com
Gen3 Marketing LLC 2021-09-21 - Secondary Buyout
Blue Bell, Pennsylvania · www.gen3marketing.com
CINgroup, Inc. 2019-03-01 - Add-on Acquisition
Dayton, Ohio · www.cingroup.com
Integrative Nutrition, Inc. 2018-10-03 - Growth Capital
New York, New York · www.integrativenutrition.com
RotoMetrics 2018-06-05 - Unknown
Eureka, Missouri · www.rotometrics.com
Prince Mineral Co. Inc. 2018-03-29 - Secondary Buyout
New York, New York · www.princecorp.com
LegalShield 2018-02-27 - Secondary Buyout
Ada, Oklahoma · www.legalshield.com
Convergint Technologies LLC 2018-02-02 - Secondary Buyout
Schaumburg, Illinois · www.convergint.com
Galls LLC 2018-02-01 - Secondary Buyout
Lexington, Kentucky · www.galls.com
Robertshaw Controls Co. 2018-01-05 - Secondary Buyout
Itasca, Illinois · www.robertshaw.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing - - 3 (14%) 231M (18%)
Marketing 1 (25%) - 3 (14%) -
Distribution - - 2 (10%) 163M (13%)
Information Technology - - 2 (10%) -
Business Services - - 1 (5%) 650M (50%)
Electrical Equipment - - 1 (5%) 258M (20%)
Chemicals - - 1 (5%) -
Consumer Products - - 1 (5%) -
Education 1 (25%) - 1 (5%) -
Environmental 1 (25%) - 1 (5%) -
Healthcare Services - - 1 (5%) -
Medical Products 1 (25%) - 1 (5%) -
Retail - - 1 (5%) -
Safety/Security - - 1 (5%) -
Software - - 1 (5%) -
Total 4 - 21 $1.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (100%) - 21 (100%) 1.3B (100%)
  New York 2 (50%) - 4 (19%) -
  California - - 3 (14%) -
  Illinois - - 2 (10%) 231M (18%)
  Washington 1 (25%) - 1 (5%) -
  Pennsylvania 1 (25%) - 1 (5%) -
  Oklahoma - - 1 (5%) 650M (50%)
  Wisconsin - - 1 (5%) 258M (20%)
  Kentucky - - 1 (5%) 163M (13%)
  Virginia - - 1 (5%) -
  Ohio - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Missouri - - 1 (5%) -
  Georgia - - 1 (5%) -
  Arkansas - - 1 (5%) -
  Alabama - - 1 (5%) -
Total 4 - 21 $1.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 2 (50%) - 9 (43%) -
Buyout (LBO, MBO, MBI) - - 4 (19%) -
Divestiture - - 3 (14%) 652M (50%)
Growth Capital 2 (50%) - 2 (10%) -
Recapitalization - - 2 (10%) -
Going Private - - 1 (5%) 650M (50%)
Total 4 - 21 $1.3B

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (71%) 557M (65%)
IPO 2 (12%) -
Trade Sale - Public Company 1 (6%) 300M (35%)
Trade Sale 1 (6%) -
Unknown 1 (6%) -
Total 17 $857M

Deal Values

buy # Total
$100M to $1B 4 $1.3B
TOTAL $1.3B
Largest LegalShield
$650M (2011-06-30)
sell # Total
$100M to $1B 2 $857M
TOTAL $857M
Largest Boyd Corp.
$557M (2015-04-02)

M&A Connections

Deals
Acquired from
Investor(s)
48%
10 (48%)
Strategic(s)
10%
2 (10%)
Exited to
Investor(s)
71%
12 (71%)
Strategic(s)
12%
2 (12%)

Investor Summary

Investor Type

Lender

Size

Mega

PE Assets

6.4B USD

Established

2007

Specialist/Generalist

Generalist

Leadership

Arthur Penn

Founder & Managing Partner

Michael Appelbaum

Managing Director

Terence Clerkin

Managing Director

Nathan Harnetiaux

Managing Director & Head of Insurance Investment Solutions

Daniel Lepore

Managing Director & Head of Liability Management

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