M&A Deal Summary |
|
|---|---|
| Date | 2021-09-13 |
| Target | Fast Growing Trees |
| Sector | E-Commerce |
| Buyer(s) |
Berkshire Partners
Cove Hill Partners |
| Sellers(s) | Summit Park |
| Deal Type | Secondary Buyout |
| Advisor(s) | William Blair (Financial) McGuireWoods 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 | 94 of 99 |
| Sector (E-Commerce) | 1 of 1 |
| Type (Secondary Buyout) | 20 of 21 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 83 of 87 |
| Year (2021) | 8 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-25 |
Masergy
Plano, Texas, United States Masergy is a provider of managed security and cloud communication solutions to global enterprises in more than 40 countries. It specializes in delivering real-time high-quality transport of enterprise applications, including voice, data, and video, through a single network connection. Masergy was founded in 2000 and is based in Plano, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-20 |
Portillo’s
Oak Brook, Illinois, United States Portillo’s is an iconic restaurant company operating restaurants in the Chicago area as well as locations in Arizona and California. The first Portillo’s location, known as “The Dog House,” was opened by Dick Portillo. Portillo’s was founded in 1963 and is based in Oak Brook, Illinois. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2017 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Focused |
Cove Hill Partners is a private equity firm focused on control (or influential minority) investments in consumer technology companies. The Firm looks to make 1 to 2 platform acquisitions per year and will consider opportunities throughout North America valued up to $800 million. Prospective companies generally exhibit strong management, high barriers to entry, attractive business models, and competitive market positions. Cove Hill Partners was formed in 2017 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 8 |
| Sector (E-Commerce) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 3 |
| State (South Carolina) | 1 of 1 |
| Country (United States) | 7 of 7 |
| Year (2021) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-21 |
LiveAuctioneers
New York, New York, United States LiveAuctioneers is a provider of online live-auction sources for fine and decorative art, antiques, jewelry, and vintage collectible. LiveAuctioneers digitally connects an audience of millions with the live-bidding action at more than 5,000 premier auction houses and galleries in 59 countries, providing an expertly curated, globally trusted marketplace of exceptional items. LiveAuctioneers was founded in 2002 and is based in New York City. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-14 |
Artlogic
London, United Kingdom Artlogic provides business management software tools for art galleries, collectors, and artists in over 80 countries around the world. Its comprehensive cloud-based platform offers art professionals a 360-degree view of their businesses, allowing them to save time and focus on their work. Artlogic was founded in 1994 and is based in London, England. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 245M USD |
| Size | Small |
| Type | Sector Agnostic |
Summit Park Partners is a private investment firm that acquires lower middle-market companies. Summit Park looks for profitable, established businesses in consumer services, business services, value-added distribution, and light manufacturing. The Firm targets businesses with revenues of $20 to $150 million and EBITDA between $4 and $15 million. Prospective transaction types include recapitalizations, management buyouts, family successions, corporate divestitures, and industry consolidations. Summit's geographic preference is within the Southeast and Mid-Atlantic US. Summit Park was formed in 2005 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 12 |
| Sector (E-Commerce) | 1 of 1 |
| Type (Secondary Buyout) | 5 of 6 |
| State (South Carolina) | 2 of 2 |
| Country (United States) | 7 of 12 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-26 |
United Air Temp
Lorton, Virginia, United States United Air Temp is a provider of residential heating, ventilation, and air conditioning (HVAC) services to residential homeowners. United Air Temp is headquartered in Lorton, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-10 |
Ledge Lounger
Katy, Texas, United States Ledge is an in-pool and backyard furniture and accessories platform with an omni-channel go-to-market strategy. Since the introduction of their first in-pool Chaise, Ledge has grown to include patio furnishings, umbrellas, cabanas and outdoor games, all designed to withstand the harsh pool and outdoor environments. Ledge Lounger was founded in 2011 and is based in Katy, Texas. |
Buy | - |
