M&A Deal Summary

CVC Capital Partners Acquires ExamWorks

On June 22, 2021, private equity firm CVC Capital Partners acquired information services company ExamWorks from Leonard Green & Partners

Acquisition Highlights
  • This is CVC Capital Partners’ 2nd transaction in the Information Services sector.
  • This is CVC Capital Partners’ 37th transaction in the United States.
  • This is CVC Capital Partners’ 1st transaction in Georgia.

M&A Deal Summary
Date 2021-06-22
Target ExamWorks
Sector Information Services
Buyer(s) CVC Capital Partners
Sellers(s) Leonard Green & Partners
Deal Type Secondary Buyout
Advisor(s) Truist Securities
BofA Securities (Financial)
Latham & Watkins (Legal)

Target

ExamWorks

Atlanta, Georgia, United States
website
ExamWorks is a provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management and related services. The Company operates in the United States, United Kingdom, Australian and Canadian markets through its global network of independently-contracted credentialed physicians. ExamWorks was founded in 2007 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 279 of 319
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 63 of 74
State (Georgia) 1 of 1
Country (United States) 37 of 42
Year (2021) 17 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Away Resorts

Hemel Hempstead, United Kingdom

Away Resorts is a holiday park owner and operator in the UK. It operates six major resorts in prime UK destinations, including Tattershall Lakes in Lincolnshire and Whitecliff Bay on the Isle of Wight, hosting almost 200,000 holiday-makers each year. Away Resorts was founded in 2007 and is based in Hemel Hempstead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Pasubio

Arzignano, Italy

Pasubio is a provider of premium leather for the automotive industry. The company's activities include raw hides selection, tanning, finishing and crafting. Its clients include Jaguar Land Rover Group, Volkswagen Group (Porsche, Lamborghini, Bentley and Skoda), FCA Group (Maserati and Alfa Romeo), BMW and PSA. Pasubio was founded in 1995 and is based in Arzignano, Italy.

Sell -

Seller(S) 1

SELLER

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.

DEAL STATS #
Overall 49 of 52
Sector (Information Services) 2 of 2
Type (Secondary Buyout) 16 of 17
State (Georgia) 2 of 2
Country (United States) 46 of 49
Year (2021) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Pye-Barker Fire & Safety

Alpharetta, Georgia, United States

Pye-Barker Fire & Safety is a provider of route-based fire protection services, including monitoring, inspection, maintenance and repair of fire detection and suppression products. Pye-Barker Fire & Safety was formed in1946 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 Mister Car Wash

Tucson, Arizona, United States

Mister Car Wash operates car washes and lube centers across the US. The Company, headquartered in Tucson, Arizona services 15+ million vehicles annually.

Sell -
Mergr

Product

Company

Legal