M&A Deal Summary |
|
|---|---|
| Date | 2014-10-21 |
| Target | Access |
| Sector | Business Services |
| Buyer(s) |
Berkshire Partners
GI Partners |
| Sellers(s) | Summit Partners |
| Deal Type | Recapitalization |
| Advisor(s) | Robert W. Baird & Co., Inc. (Financial) Weil Gotshal & Manges LLP (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 99 |
| Sector (Business Services) | 5 of 7 |
| Type (Recapitalization) | 19 of 23 |
| State (Massachusetts) | 9 of 16 |
| Country (United States) | 56 of 87 |
| Year (2014) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-17 |
Grocery Outlet
Emeryville, California, United States Grocery Outlet is a value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 350 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada. Grocery Outlet stores carry an ever-changing assortment of “WOW!” deals, complemented by everyday staple products. Grocery Outlet was founded in 1946 and is based in Emeryville, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-01 |
PT Sarana Menara Nusantara
Kudus, Indonesia PT Sarana Menara Nusantara is an owner and operator of wireless infrastructure in Indonesia. Established in 2003 and headquartered in Jakarta, Protelindo owns and operates over 16,000 towers with over 27,000 tenants. PT Sarana Menara Nusantara was founded in 2008 and is based in Kudus, Indonesia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $1500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 58 |
| Sector (Business Services) | 3 of 4 |
| Type (Recapitalization) | 2 of 5 |
| State (Massachusetts) | 2 of 4 |
| Country (United States) | 20 of 46 |
| Year (2014) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-29 |
Kellermeyer Bergensons Services
Maumee, Ohio, United States Kellermeyer Bergensons Services is a provider of integrated facilities management services, including outsourced janitorial cleaning and other services, to some of the largest retail and grocery customers in the United States. Kellermeyer Bergensons Services was founded in 1967 and is based in Maumee, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-16 |
Logibec
Montreal, Quebec, Canada Logibec deploys information systems that span the clinical, operational, and business needs of complex healthcare organizations. Logibec was founded in 1982 and is based in Montreal, Quebec. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 183 of 281 |
| Sector (Business Services) | 17 of 19 |
| Type (Recapitalization) | 2 of 4 |
| State (Massachusetts) | 22 of 31 |
| Country (United States) | 173 of 243 |
| Year (2014) | 9 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-11 |
Answers
New York, New York, United States Answers Corp. is an operator of online Q&A site that is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. Answers was founded in 1999 and is based in New York City. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-22 |
Telerik AD
Sofia, Bulgaria Telerik sells a series of software development and reporting tools used to create web and desktop applications on the Microsoft .Net framework, and Sitefinity - a web content management software platform. |
Sell | $263M |
