M&A Deal Summary

CCMP Capital and Alberta Investment Management Acquire BGIS

On March 11, 2019, private equity firm CCMP Capital and pension Alberta Investment Management acquired real estate company BGIS from Brookfield Private Equity

Acquisition Highlights
  • This is CCMP Capital’s 1st and Alberta Investment Management’s 1st transaction in the Real Estate sector.
  • This is CCMP Capital’s 2nd and Alberta Investment Management’s 3rd transaction in Canada.
  • This is CCMP Capital’s 2nd and Alberta Investment Management’s 1st transaction in Ontario.

M&A Deal Summary

Date 2019-03-11
Target BGIS
Sector Real Estate
Buyer(s) CCMP Capital
Alberta Investment Management
Sellers(s) Brookfield Private Equity
Deal Type Secondary Buyout

Target

BGIS

Markham, Ontario, Canada
website
BGIS is a provider of real estate management services, including facilities management, project delivery services, energy and sustainability solutions, building performance management, workplace advisory and management, and real estate services. BGIS was established in 1992 and is based in Markham, Ontario.

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Buyer(S) 2

Buyer

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 96 of 97
Sector (Real Estate) 1 of 1
Type (Secondary Buyout) 21 of 22
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 Volotea

Barcelona, Spain

Volotea is an airline that offers 293 point-to-point routes between 78 mid-small-sized cities throughout Europe at very competitive prices. Volotea was founded in 2009 and is based in Barcelona, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Truck Hero

Ann Arbor, Michigan, United States

Truck Hero is a designer, manufacturer and marketer of branded consumer accessories for pickup trucks. The company operates as the holding company for several market leading brands including Advantage, BAK, Extang, Retrax, TruXedo and UnderCover. Truck Hero also produces truck bed liners under the BedRug brand. Truck Hero was founded in 2007 and is based in Ann Arbor, Michigan.

Sell -
Buyer
DESCRIPTION

Alberta Investment Management Corporation (AIMCo) is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.


DEAL STATS #
Overall 17 of 30
Sector (Real Estate) 1 of 1
Type (Secondary Buyout) 9 of 12
State (Ontario) 1 of 1
Country (Canada) 3 of 5
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Eolia

Madrid, Spain

Eolia is an independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. Eolia was founded in 2007 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 IVC Evidensia

Bristol , United Kingdom

IVC Evidensia is a diversified vet services platform in Europe with more than 1,500 clinics and hospitals across 12 countries. IVC employs approximately 22,000 people, including over 6000 veterinarians. IVC Evidensia was founded in 2011 and is based in Bristol, United Kingdom.

Buy -

Seller(S) 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


DEAL STATS #
Overall 5 of 7
Sector (Real Estate) 1 of 1
Type (Secondary Buyout) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 2 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Clarios

Milwaukee, Wisconsin, United States

Clarios is a global energy storage solutions provider, specializing in advanced battery technologies. Clarios develops and manufactures a wide range of batteries for automotive, marine, and industrial applications. They are known for their lithium-ion and lead-acid battery technologies that deliver enhanced performance, reliability, and efficiency. Clarios is headquartered in Milwaukee, Wisconsin.

Buy $13.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Vodafone New Zealand

Auckland,, New Zealand

Vodafone New Zealand Limited provides telecommunication services and also offers mobile, broadband, and TV services. The quality and availability of its networks have a direct bearing on New Zealand's competitiveness and future growth prospects.

Buy NZ$3.4B