MSouth Invests in LMS Intellibound

MCG Capital has sold its investment in LMS Intellibound Group for $40.5 million to MSouth Equity Partners. MCG also provided debt financing in support of MSouth's acquisition of the company. The deal earned MCG over 2x return with $21.6 million of cash profit; MCG initially acquired the company for $19.7 million in May 2007.

There have been eleven other distribution services company deals since 2000. Austin Ventures was the most recent to invest in the sector. In October 2008 Austin Ventures merged Transport Express, Third Party Enterprises and Distribution Solutions to form Port Logistics Group. Other distribution services company investments in 2008 were the purchase of Liberty Distribution and Lydall Transport by Cave Creek Capital and Pine Creek Partners, respectively. This information was provided by research and analysis from the PitchBook Platform.