Deal Flow

Does Private Equity Still Do Deals in the Holidays? 5 Recent Deals We're Watching

Private Equity deals handpicked by our team to have longevity, strong fundamentals, an intelligent executive team, and growth-oriented investors. Text is aggregated from various press release news sources, released by the acquiring firms.

If you're looking at the future of each respective industry, these are the companies to pay attention to. If you're a functional expert looking to get involved with mature startups like the ones listed below, get in touch to see if you're a fit to join our Flywheel.

Apollo-Backed Search Engine Yahoo gets 25% stake in Taboola as part of long-term advertising deal

Yahoo is taking a nearly 25% stake in advertising network Taboola. In exchange for this move, Taboola is becoming Yahoo’s native advertising partner through a 30-year commercial agreement.

Yahoo is a name that you may already know quite well. It is now a private company owned by investment firm Apollo Global Management. It owns many popular media properties, such as Yahoo Finance, Yahoo Sports, Yahoo News, AOL and Engadget. Yahoo’s homepage and Yahoo Mail are also important products for the company as they attract large audiences. Yahoo is TechCrunch’s parent company as well.

This isn’t the first time Taboola is signing a strategic partnership that covers some of these properties. In 2015, Verizon acquired AOL. The next year, Taboola and AOL signed a strategic partnership that led to integrations of Taboola’s ads on AOL properties. Shortly after, Verizon also acquired Yahoo and merged AOL with Yahoo.

It means that you’ll soon scroll through news articles on Yahoo Finance and see an item that looks just like a normal article. But it will be a Taboola-powered advertising unit instead. Or at least, that’s the idea. Advertisers will be able to buy Taboola through the Yahoo DSP.

As Yahoo currently reaches nearly 900 million monthly active users, it represents a significant deal for Taboola. Right now, Taboola partners with 9,000 publishers and reaches 500 million users every day.

Blackford Capital Acquires Artificial Turf Supply

Blackford Capital ("Blackford"), a leading lower middle market private equity firm, announced today the acquisition of Carlsbad, California-based Artificial Turf Supply (ATS), a manufacturer, distributor and internet-based supplier of high-quality synthetic and artificial turf products with applications across residential, commercial playground, pet and athletics in both B2B and B2C segments in the United States.

The second addition to Blackford's Patio Consolidation Portfolio (PCP) in less than 30 days, Artificial Turf Supply was founded in 2005 by David Barbera, who currently serves as president, founder and managing member. In addition to continuing in his role as president of ATS, Barbera will also assume a position as Operating Partner with Blackford Capital following the close of transaction.

Audax Private Equity Completes Investment in Salon Lofts

Audax Private Equity (“Audax”) announced a strategic growth investment in Salon Lofts (“the Company”), one of the largest developers and operators of company-owned salon suites. This investment will support Salon Lofts in its mission to provide Beauty Care Professionals (“BCPs”) with the individual space and value-add services to support and grow their own businesses outside of the traditional salon model, allowing them to become Loft Owners.

Based in Columbus, Ohio, Salon Lofts has over 210 stores across 10 states, and provides nearly 5,500 Loft Owners access to private salon suites. The unique salon-suite model empowers BCPs to operate their own businesses, set their own hours and pricing, use their own preferred products, and ultimately retain more profits. Additionally, the salon-suite model provides BCPs with access to value-add services and support, including booking and client-management support, social media coaching, and educational events.

Nox Health Announces Strategic Investment from Vestar Capital to Accelerate Growth

Nox Health (or the “Company”), the global sleep health leader, announced today a strategic growth investment from Vestar Capital Partners, a leading U.S. middle-market private equity firm. The investment will help Nox accelerate development of its sleep diagnostic technology and services, and adoption of its value-based comprehensive sleep management solutions for employers and health plans.   Financial terms of the investment were not disclosed.

“Lack of sleep is a silent killer. Sleep disorders are comorbid with seven of the 15 leading causes of death,” said Roger Holstein, Managing Director at Vestar Capital Partners. “Nox is not only a global leader in the science of sleep diagnostics, but it has also created a value-based, comprehensive sleep care management program which fulfills all the objectives of the healthcare ‘Triple Aim’ — a frictionless member experience, with demonstrated health outcomes at a measurably lower cost. We are excited to partner with Sigurjon and the entire Nox team to accelerate the Company’s mission and help millions of people wake up to a brighter world.”

Kian Capital has Invested in Earth Sciences Firm Sdii

Kian Capital Partners (“Kian”), a middle-market focused private investment firm, announced today that in partnership with management, it has completed a strategic investment in Sdii Global Corporation (“Sdii Global”), a forensic engineering and earth sciences firm specializing in claim resolution support for the property and casualty insurance industry. Kian’s approach of working alongside management to execute growth strategies will enable Sdii Global to scale its platform and solidify its leadership position in the market by furthering the company’s industry-leading, niche expertise and market expansion vertically and geographically. Kian first invested in Sdii Global in 2016 to support management’s purchase of the business from the company’s founder.

Sdii Global, founded in 1989 and headquartered in Tampa, Florida, has established itself as a leader in the forensic engineering industry known for its technical expertise, high-quality reports and attentive customer service. Sdii Global’s deep bench of experts offers a full suite of services including geophysical and geological assessments, forensic and environmental engineering analyses, complete field and laboratory testing capabilities, as well as expert litigation support. These expert capabilities are used by insurance carriers, third-party administrators and attorneys to resolve property and casualty insurance claims predominantly in the Southeastern U.S.

Chris Casagrande, CFO of Sdii Global, added, “We have known Kian for over six years and are confident they have the skills necessary to help us achieve our long-term growth objectives. Their relationship-first approach and our alignment of values made the decision to partner with them again an easy one. With Kian’s support, we will continue building our resources and capabilities to uphold our commitment to customer responsiveness and attract top talent.”

Text is aggregated from various press release news sources, released by the acquiring firms.

‍If you're looking at the future of each respective industry, these are the companies to pay attention to. If you're a functional expert looking to get involved with mature startups like the ones listed below, get in touch to see if you're a fit to join our Flywheel.

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