M&A Deal Summary |
|
|---|---|
| Date | 2020-01-28 |
| Target | Waterlogic |
| Sector | Utilities |
| Buyer(s) |
British Columbia Investment Management
NB Private Equity Partners StepStone Private Equity Ardian |
| Sellers(s) | Castik Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Goldman Sachs PwC Corporate Finance LLC (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Asset Manager |
|---|---|
| Founded | 1999 |
| PE ASSETS | 21.9B CAD |
| Size | Mega |
| Type | Sector Agnostic |
British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 18 |
| Sector (Utilities) | 2 of 2 |
| Type (Secondary Buyout) | 5 of 9 |
| Country (United Kingdom) | 3 of 5 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-08 |
Valence Surface Technologies
El Segundo, California, United States Valence Surface Technologies. is a provider of aerospace surface finishing services, which has historically been a highly fragmented, geographically focused, and technically challenging part of the supply chain. The company was built to offer a differentiated, full-service, supply chain solution for critical, complex parts to the aerospace industry, delivering the lead times, capacity, and technical resources needed to match growing aircraft build rate demand. Valence Surface Technologies was founded in 1957 and is based in El Segundo, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-04 |
ClearMacro
London, United Kingdom ClearMacro Ltd. is a software analytics company provides investment analytics tools to asset managers and other professional investors to make quicker, better informed, and more consistent investment decisions as well as mitigate well-documented human biases. ClearMacro is based in London, United Kingdom. |
Buy | - |
NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 26 |
| Sector (Utilities) | 1 of 1 |
| Type (Secondary Buyout) | 13 of 13 |
| Country (United Kingdom) | 2 of 2 |
| Year (2020) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-22 |
Kroll
New York, New York, United States Kroll is an independent financial advisory and investment banking firm, offering a broad range of consulting and advisory services to public and private companies. With more than 1,200 professionals serving clients worldwide. Kroll was founded in 1932 and is based in New York. |
Buy | $4.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-05 |
Engineering Ingegneria Informatica
Roma, Italy Engineering Ingegneria Informatica is an IT services provider focused on digital transformation with more than 11,000 professionals in 65 locations across the world. The Group designs develops and manages innovative IT solutions for business areas where digitalization is having the biggest impact. Engineering Ingegneria Informatica was founded in 1980 and is based in Roma, Italy. |
Sell | - |
StepStone Private Equity is the private equity arm of StepStone Global, a global alternative investment and asset management firm. StepStone Private Equity manages and makes fund investments as well as co-invests in direct opportunities spanning buyout, venture, distressed, private debt, and energy. StepStone Private Equity is based in La Jolla, California.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Utilities) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-06 |
Strata Fund Solutions
Salt Lake City, Utah, United States Strata Fund Solutions is a full-service administration company providing high-quality administration and consulting services to the alternative investments industry. Strata Fund's focus is on unparalleled service to hedge funds, private equity funds, funds of funds, and managed accounts. Strata Fund Solutions was founded in 2008 and is based in Salt Lake City, Utah. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-12 |
Strata Fund Solutions
Salt Lake City, Utah, United States Strata Fund Solutions is a full-service administration company providing high-quality administration and consulting services to the alternative investments industry. Strata Fund's focus is on unparalleled service to hedge funds, private equity funds, funds of funds, and managed accounts. Strata Fund Solutions was founded in 2008 and is based in Salt Lake City, Utah. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 360 of 416 |
| Sector (Utilities) | 6 of 7 |
| Type (Secondary Buyout) | 115 of 135 |
| Country (United Kingdom) | 25 of 25 |
| Year (2020) | 2 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-16 |
Frulact
Gemunde - Maia, Portugal Frulact is a producer of natural fruit-based and plant-based specialty ingredients for the Food & Beverage industry. The Group has a global presence across three continents, with nine business units in five countries (Portugal, Morocco, France, South Africa, and Canada). Frulact was founded in 1987 and is based in Gemunde - Maia, Portugal. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-03 |
CLS
Ramonville Saint-Agne, France CLS is a global company and a pioneer in providing Earth monitoring and surveillance solutions. Its mission is to develop and deploy innovative solutions to understand and protect our planet and manage its resources sustainably. The company operates in five strategic areas of activity: environment and climate monitoring; sustainable management of fisheries; fleet management; energy, mining, and infrastructure; and maritime security. CLS was formed in 1986 and is based in Ramonville Saint-Agne, France. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| PE ASSETS | 1.3B EUR |
| Size | Large |
| Type | Sector Agnostic |
Castik Capital Partners advises Luxembourg based Castik Capital, the manager of the EPIC Funds. Castik seeks public and private investment opportunities throughout Europe where the Firm can commit €100 to €300 million per transaction. Castik was formed in 2014 and is based in Luxembourg.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 6 |
| Sector (Utilities) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 2 |
| Country (United Kingdom) | 1 of 2 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-26 |
AddSecure
Stockholm, Sweden AddSecure is a provider of IoT solutions with a focus on secure critical communications and data. AddSecure offers solutions within Smart Alarms, Smart Rescue, Smart Grids and Smart Transport. AddSecure was founded in 1979 and is based in Stockholm, Sweden. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-29 |
CPA Global
Jersey, Channel Islands CPA Global is an intellectual property (IP) management and technology company serving over 10,000 customers and connecting millions of global IP users every day. CPA Global was founded in 1969 and is based in Jersey, Channel Islands. |
Sell | - |
