M&A Deal Summary |
|
|---|---|
| Date | 2018-02-02 |
| Target | Convergint |
| Sector | Safety/Security |
| Buyer(s) | Ares Private Equity Group |
| Sellers(s) |
Intermediate Capital Group
KRG Capital Partners PennantPark Investment Advisers |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) Hogan Lovells (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 69 of 96 |
| Sector (Safety/Security) | 1 of 1 |
| Type (Secondary Buyout) | 28 of 38 |
| State (Illinois) | 5 of 6 |
| Country (United States) | 60 of 82 |
| Year (2018) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
SVP Worldwide
LaVergne, Tennessee, United States SVP Worldwide is a consumer sewing machine company with market shares across all industry price points. SVP unites three of the industry's most widely recognized brands, Singer, Husqvarna Viking, and Pfaff, that successfully target distinct market segments. SVP and it's legacy companies, Singer Worldwide was formed in 1851 and is based in LaVergne, Tennessee. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-17 |
Conti Solar
Edison, New Jersey, United States Conti Solar is a solar power and energy storage development, EPC and O&M company. Our attention to detail, flawless execution and collaborative culture has enabled us to successfully develop and install over 500MW of solar projects. We leverage established partnerships with solar developers, IPPs, utilities, off-takers, suppliers and landowners to streamline project development, design, construction and operations, driving down project costs and creating value across all project stakeholders. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 192 of 217 |
| Sector (Safety/Security) | 3 of 3 |
| Type (Secondary Buyout) | 72 of 82 |
| State (Illinois) | 3 of 3 |
| Country (United States) | 12 of 13 |
| Year (2018) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-23 |
PSB Academy
Singapore, Singapore PSB Academy is an independent tertiary education institution. PSB delivers full-fledged tertiary degrees under the brands of renowned university partners in Australia and UK. It operates two state-of-the-art campuses in Singapore as well as schools in Vietnam, Myanmar, and Indonesia. PSB Academy was founded in 1964 and is based in Singapore. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-04 |
Sogal
Chemille in Anjou, France Sogal is a manufacturer of custom-made sliding doors and wardrobe and storage spaces. Sogal was founded in 1982 and is based in Chemille in Anjou, France. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Agnostic |
KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 40 of 41 |
| Sector (Safety/Security) | 2 of 2 |
| Type (Secondary Buyout) | 14 of 14 |
| State (Illinois) | 7 of 7 |
| Country (United States) | 39 of 40 |
| Year (2018) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-29 |
PAS Technologies
Kansas City, Missouri, United States PAS Technologies is a high technology components provider, to expand its portfolio of industry-leading MRO service offerings. PAS specializes in providing cost-effective OEM and MRO solutions for the aerospace, oil and gas, and industrial gas turbine markets. By using innovative and proprietary high-technology processes, along with solutions licensed from OEMs, the company provides great value for customers whose components are exposed to high wear, high heat and corrosive environments. The company’s highly engineered, innovative products are known for advanced technology and unsurpassed reliability. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-25 |
Trafficware
Sugar Land, Texas, United States Trafficware Group Inc. is a supplier of simulation, optimization and adaptive control software in North America. Trafficware was formed in 1978 and is based in Sugar Land, Texas. |
Sell | - |
| Category | Lender |
|---|---|
| Founded | 2007 |
| PE ASSETS | 6.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 17 |
| Sector (Safety/Security) | 1 of 1 |
| Type (Secondary Buyout) | 10 of 12 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 13 of 17 |
| Year (2018) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-01 |
Galls
Lexington, Kentucky, United States Galls is a distributor of uniforms and equipment to the public safety market. Galls represents the largest distributor of uniform and equipment to public safety personnel, including police, fire, EMS, private security, corrections, federal/military, and postal. Galls services customers through a national catalogue, convenient eCommerce site, more than 50 dedicated sales reps, 80 locations, and its proprietary "eQuip" online solution serving state and local agencies. Each year, more than one million men and women in the public safety, postal and public transportation industries depend on Galls for their essential equipment and apparel. Galls was founded in 1967 and is based in Lexington, Kentucky. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-27 |
LegalShield
Ada, Oklahoma, United States LegalShield is a provider of legal plans and identity theft solutions to families and small businesses across the US and Canada. LegalShield was founded in 1972 and is based in Ada, Oklahoma. |
Sell | - |
