Deal Flow

Top Private Equity Deals of September 2022

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.

AnswerLab Secures Strategic Investment from Shamrock Capital

Shamrock Capital, an LA-based Private Equity firm has invested in AnswerLab, a UX research firm that delivers insights to enterprises seeking to boost engagement and conversion rates on digital products. Shamrock has historically focused on media, entertainment, and communication sector investments.

Founded in 2004 by CEO Amy Buckner Chowdhry, AnswerLab helps enterprises with their digital transformation efforts by offering research services in digital strategy, optimization and measurement across the product development lifecycle. With its suite of research methods, consulting services and flexible engagement models including large-scale centers of excellence, AnswerLab helps leading global brands scale the impact and influence of their digital product development efforts.  This year, as UX research has become core to product development for companies seeking to invest more in digital transformation, the firm has experienced strong momentum and outperformance, with over 50% year-over-year revenue growth and a growing client base that includes highly influential, global companies, such as Google, Meta, Amazon, American Express, Paypal, Airbnb, Genentech, and Fedex.

"AnswerLab is uniquely positioned to benefit from the tailwinds of digital transformation as demand for UX research becomes an increasingly important element of the product development lifecycle," added Held. "We are extremely impressed by the depth and innovation of AnswerLab's UX capabilities, as well as their scale, quality client base, rapid growth, and stellar reputation. Also, we were attracted to their strong commitment to diversity, equity, and inclusion, which not only aligns with Shamrock's values but has also been a key driver of their success. We are excited to be their partner during their next stage of growth and expansion."    

Concert Golf Partners, a Portfolio Company of Clearlake Capital, Closes New Strategic Investment from Centroid Investment Partners, Owner of TaylorMade

Concert Golf Partners, which is owned by Clearlake Cpaital Group since April 2022, has received an investment from Centroid Investment Partners, who is the owner of TaylorMade Golf Company. Concert Golf provides a premium lifestyle and amenities for members, managing boutique courses and clubs around the country. Under the ownership of Clearlake, Concert has added new private clubs, offered increased amenities, and grown its membership base across the country. Centroid's active participation in the golf industry brings further sector expertise and partnership opportunities to build on Concert Golf's mission of enhancing its membership experience. 

"We admire Centroid's continuing commitment to growing the game of golf via their investment in TaylorMade and now Concert Golf," said Peter Nanula, CEO of Concert Golf. "It is clear that Centroid shares our passion for investing in the game, particularly in golf professionals and overall game improvement for each golfer at every skill level, and we welcome their participation in our next phase of growth in partnership with our lead investor, Clearlake. Our goal remains the same – to continue growing our portfolio of private clubs and to provide an enjoyable experience for our members. We look forward to working with Centroid and Clearlake to continue to enhance our offerings for current members and add additional properties to our portfolio."

David Abeles, President and CEO of TaylorMade, added, "It is exciting to see Centroid take a further stake in the growth of our game through their investment in Concert Golf. Concert Golf has had a strong partnership with TaylorMade for many years. We look forward to continuing our work together to collectively advance our sport."

Brand Velocity Group Acquires SCORE Sports

Brand Velocity Group (“BVG”) today announced its acquisition of SCORE® Sports (“SCORE”), a leading designer, manufacturer, and seller of youth team sports uniforms and equipment. Terms of the transaction were not disclosed.

Based in Wilmington, California, SCORE was founded in 1975 and has been led by two sisters who saw a need for affordable, quality soccer uniforms. Nearly 50 years later, SCORE flourishes as a top multi-sport uniform and equipment company serving athletes of all ages across a range of sports including soccer, basketball, baseball/softball, flag football, and volleyball. SCORE combines its quality products with a high-touch customer experience, both of which are enabled by its state-of-the-art, vertically integrated, North America-based manufacturing operation.

BVG Partner Eli Manning added, “I attribute a lot of my success in life to the lessons and values learned playing youth sports. SCORE is my first acquisition as a private equity investor, and I can’t wait to share my passion for youth sports through a company that has been serving communities across the U.S. with excellence and pride for decades.”

In addition to benefitting from BVG’s marketing resources, SCORE will leverage the firm’s operating expertise and focus on enhancing company culture through its pioneering programs such as Share the Gains. Through Share the Gains, BVG has allocated 10 percent of its carried interest earnings to SCORE employees so that they all will participate like equity holders in the financial success of the company. Incremental to BVG’s carry contribution, over 20 percent of limited partners in the deal have already reserved a portion of their anticipated profits to Share the Gains.

The Vistria Group, Century Equity Partners and Flores & Associates Announce Strategic Partnership

The Vistria Group announced an investment in Flores & Associates LLC (Flores or the "company"), a leading provider of benefit technology solutions and administrative services to employers throughout the United States. As part of the transaction, Century Equity Partners and The Vistria Group will each hold equal ownership in the Company and continue to back the current management team, led by Gary Trainor and Jody Oliver. This transaction represents the ninth investment from Vistria Fund IV, a $2.68 billion fund, and the second financial services investment this year, following The Vistria Group's investment in The Mather Group six months ago.

The Charlotte, N.C.-based company is a premier administrator of employer-sponsored reimbursement plans, providing a suite of integrated benefits solutions independent of any insurance carrier. The company combines high-touch service, best-in-class productivity and innovative proprietary technology to deliver complete plan design and compliance support for reimbursement plans, COBRA, FMLA leave management, and direct bill programs. Flores has established itself as a preferred partner to thousands of businesses and continues to grow nationally. The company has successfully completed seven acquisitions since 2021 and continues to maintain strong relationships across regional and national brokers.

Flores has been a successful acquiror in the space, consolidating smaller players into one, seamless, technology platform and providing an increasingly broad suite of products for their clients. The Vistria Group leverages its operational resources to support its portfolio companies, now including Flores, to help them scale and expand opportunities. The Vistria Group's involvement along with continued support from Century Equity Partners will provide Flores with a capital structure from which to grow, both organically and through further M&A in the space.

SK Capital to Acquire Apotex, a Global Leader in Affordable Pharmaceuticals

Closing of the transaction is subject to the satisfaction of customary regulatory conditions.

Private equity firm SK Capital Partners has entered into a deal to acquire Apotex Pharmaceutical Holdings, a Canada-based generic drugmaker with products across all major therapeutic areas for patients around the world.

Apotex currently produces more than 300 generic pharmaceuticals in around 4000 dosages. Globally, the company has the capacity to produce 24 billion tablets and capsules per year and has approximately 8,000 employees. It operates in more than 45 countries, with a significant presence in Canada, the United States, Mexico, and India.

“Apotex is a dynamic, entrepreneurial company with a strong track record of success, underpinned by its diversified product portfolio, robust pipeline of new launches and iconic brand. We feel incredibly privileged to have the opportunity to support Apotex with our deep experience in the pharmaceutical sector as it continues to research, develop and produce safe and affordable medicines for patients in Canada, the United States and around the world,” said Aaron Davenport, managing director at SK Capital.

Apotex is owned by the family of Canadian billionaire Barry Sherman, who controlled the company until his highly publicized murder alongside his wife in his home, in 2017.

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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