M&A Deal Summary |
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Date | 2023-07-26 |
Target | RBmedia |
Sector | Internet Software and Services |
Buyer(s) |
H.I.G. Private Equity
Francisco Partners |
Sellers(s) | KKR |
Deal Type | Secondary Buyout |
Advisor(s) | Goldman Sachs LionTree Advisors LLC (Financial) Simpson Thacher & Bartlett (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 | 338 of 350 |
Sector (Internet Software and Services) | 12 of 12 |
Type (Secondary Buyout) | 56 of 61 |
State (Maryland) | 4 of 4 |
Country (United States) | 223 of 232 |
Year (2023) | 10 of 15 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-06-28 |
CLC Group
Southampton, United Kingdom CLC Group is a national property and asset refurbishment provider that offers clients national coverage with a local service. The business has focused on delivering property and asset services to customers in the social housing, local government, defense, hospitality, and utilities sectors. CLC Group is based in Southampton, United Kingdom. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-08-22 |
Ascent Global Logistics
Belleville, Michigan, United States Ascent Global Logistics is a transportation and supply chain solutions provider. Ascent Global Logistics is based in Belleville, Michigan. |
Buy | - |
Category | Private Equity Firm |
---|---|
Founded | 1999 |
PE ASSETS | 45.0B USD |
Size | Mega |
Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
DEAL STATS | # |
---|---|
Overall | 141 of 146 |
Sector (Internet Software and Services) | 25 of 26 |
Type (Secondary Buyout) | 23 of 24 |
State (Maryland) | 2 of 2 |
Country (United States) | 117 of 121 |
Year (2023) | 3 of 7 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-07-10 |
Macrobond
Malmö, Sweden Macrobond is a provider of macroeconomic and financial time series data from primary and third-party sources with proprietary software focused on workflow efficiency. Macrobond was founded in 2008 and is based in Malmö, Sweden. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-07-31 |
New Relic
San Francisco, California, United States New Relic is a SaaS provider focused on analytics services. New Relic was founded in 2007 and is based in San Francisco, California. |
Buy | $6.5B |
Category | Private Equity Firm |
---|---|
Founded | 1976 |
PE ASSETS | 510.0B USD |
Size | Mega |
Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
DEAL STATS | # |
---|---|
Overall | 169 of 173 |
Sector (Internet Software and Services) | 14 of 14 |
Type (Secondary Buyout) | 31 of 34 |
State (Maryland) | 4 of 4 |
Country (United States) | 80 of 81 |
Year (2023) | 3 of 6 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-07-21 |
Chase
Westwood, Massachusetts, United States Chase manufactures and sells protective materials for various applications in the United States and internationally. Chase was incorporated in 1946 and is based in Westwood, Massachusetts. |
Buy | $1.3B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2023-08-02 |
LEAP
Mumbai, India Leading Enterprise in Asset Pooling (LEAP) is a provider of sustainable supply chain solutions in India. Specializing in the design, manufacture, and management of wooden pallets, reusable packaging, and containers, the company primarily operates in the asset pooling space, offering cutting-edge supply chain solutions to businesses throughout India. Its mission is to provide cost-effective and sustainable solutions that help businesses reduce waste and lower costs while minimizing the environmental impact of their operations. LEAP was formed in 2013 and is based in Mumbai, India. |
Buy | - |