M&A Deal Summary |
|
|---|---|
| Date | 2023-08-22 |
| Target | Ascent Global Logistics |
| Sector | Transportation |
| Buyer(s) | H.I.G. Private Equity |
| Sellers(s) | Elliott |
| Deal Type | Secondary Buyout |
| Advisor(s) | Debevoise & Plimpton (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 57.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 339 of 349 |
| Sector (Transportation) | 16 of 17 |
| Type (Secondary Buyout) | 57 of 60 |
| State (Michigan) | 6 of 6 |
| Country (United States) | 224 of 231 |
| Year (2023) | 11 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-26 |
RBmedia
Landover, Maryland, United States RBmedia is a provider in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content and information – including audiobooks, educational courses, entertainment titles, and much more. RBmedia is based in Landover, Maryland. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-06 |
Recochem
Montreal, Quebec, Canada Recochem producer, contract packager and wholesale distributor of household and transportation fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. Recochem was founded in 1951 and is headquartered in Montreal, Quebec. |
Sell | - |
Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Transportation) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-10 |
Syneos Health
Morrisville, North Carolina, United States Syneos Health is a fully integrated biopharmaceutical solutions organization built to accelerate customer success. Syneos Health translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities. Syneos Health was founded in 2010 and is based in Morrisville, North Carolina. |
Buy | $7.1B |
