M&A Deal Summary

Apollo Global Management Acquires Protection One

On July 1, 2015, asset manager Apollo Global Management acquired safety/security company Protection One from GTCR and Crescent Capital Group

Acquisition Highlights
  • This is Apollo Global Management’s 1st transaction in the Safety/Security sector.
  • This is Apollo Global Management’s 36th transaction in the United States.
  • This is Apollo Global Management’s 3rd transaction in Illinois.
Investment Fate
  • Protection One merged with another company in 2016.

M&A Deal Summary

Date 2015-07-01
Target Protection One
Sector Safety/Security
Buyer(s) Apollo Global Management
Sellers(s) GTCR
Crescent Capital Group
Deal Type Secondary Buyout
Advisor(s) Morgan Stanley
Raymond James - Investment Banking (Financial)
Latham & Watkins (Legal)

Target

Protection One

Romeoville, Illinois, United States
website
Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 54 of 133
Sector (Safety/Security) 1 of 3
Type (Secondary Buyout) 10 of 28
State (Illinois) 3 of 8
Country (United States) 36 of 97
Year (2015) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Nova KBM

Maribor, Slovenia

Nova KBM is a universal bank with the longest tradition of banking in Slovenia and with sound reputation at home and abroad. Nova KBM was founded in 1862 and is based in Maribor, Slovenia.

Buy €250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 RegionalCare Hospital Partners

Brentwood, Tennessee, United States

RegionalCare Hospital Partners is an owner and operator of regional acute care facilities. RegionalCare Hospital Partners is based in Brentwood, Tennessee.

Buy -

Seller(S) 2

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 50 of 84
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 13 of 21
State (Illinois) 6 of 10
Country (United States) 48 of 81
Year (2015) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Outcomes

Orlando, Florida, United States

Outcomes is a developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care, and specialty pharmacy markets across the United States, Mexico, and the Caribbean. Outcomes offers software solutions to enable insurance claims processing, e-prescription connectivity, pharmacy workflow management, and other critical functions for its pharmacist customers. Outcomes was formed in 1977 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Capella Healthcare

Franklin, Tennessee, United States

Capella Healthcare is a provider of healthcare services. Capella Healthcare is based in Franklin, Tennessee.

Sell $900M
SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 31 of 47
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 8 of 13
State (Illinois) 3 of 4
Country (United States) 26 of 40
Year (2015) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-21 Press Ganey

Wakefield, Massachusetts, United States

Press Ganey is a provider of healthcare performance solutions for hospitals, healthcare and home care providers. Press Ganey utilizes patient and employee surveys to collect vast amounts of proprietary data on behalf of clients to power its industry-leading benchmarking and analytics tools and advisory services. Press Ganey was founded in 1985 and is based in Wakefield, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-06 Dental Care Alliance

Sarasota, Florida, United States

Dental Care Alliance is a provider of a full suite of dental services, including general dentistry, hygiene, pediatric dentistry, orthodontics, endodontics, periodontics and oral surgery. Dental Care Alliance was founded in 1991 and is based in Sarasota, Florida.

Buy -