Trilantic North America, a private equity firm focused on the middle market, has made an undisclosed investment in Home Franchise Concepts, a U.S.-based home services franchisor. The deal closed and was announced on November 10, 2015.
| Acquirer: | Trilantic North America (US) |
|---|---|
| Target: | Home Franchise Concepts (US) |
| Type of Deal: | Investment |
| Closing Date: | 2015-11-10 |
| Announcement Date: | 2015-11-10 |
| Sell-Side Advisors: | Ernst & Young Capital Advisors, Carolina Financial Group |
| Buy-Side Legal Advisor: | Kirkland & Ellis |
| Sell-Side Legal Advisor: | Pillsbury Winthrop Shaw Pittman |
The investment aims to bolster the company's next phase of growth, with Trilantic North America acquiring a majority stake in Home Franchise Concepts. Founders and current management remain significant shareholders within the company.
Strategic Rationale
Trilantic North America seeks to leverage its experience in consumer-related sectors to drive further expansion of Home Franchise Concepts, which operates across a range of home service franchises including pest control and lawn care. The partnership is expected to provide strategic guidance, financial resources, and operational support.
Financial Context
The exact amount of the investment remains undisclosed. However, Trilantic North America’s previous deals in the consumer sector have typically ranged from $50 million to $150 million. Given Home Franchise Concepts’ current market position, industry observers anticipate a substantial capital injection to drive its franchise network growth.
Advisors
Ernst & Young Capital Advisors and Carolina Financial Group provided financial advice to the seller in this transaction. Legal counsel for Trilantic North America was handled by Kirkland & Ellis, while Pillsbury Winthrop Shaw Pittman represented Home Franchise Concepts.
Outlook
With the backing of Trilantic North America, Home Franchise Concepts is poised to enhance its service offerings and expand its geographic footprint. The company's management team plans to maintain operational control while benefiting from strategic input and financial support for scaling operations in existing markets and entering new ones.