M&A Deal Summary

Leonard Green & Partners, HarbourVest Partners and Castik Capital Acquire CPA Global

On August 29, 2017, private equity firms Leonard Green & Partners, HarbourVest Partners and Castik Capital acquired information services company CPA Global from Cinven

Acquisition Highlights
  • This is Leonard Green & Partners’ 2nd, HarbourVest Partners’ 2nd and Castik Capital’s 1st transaction in the Information Services sector.
  • This is Leonard Green & Partners’ 1st, HarbourVest Partners’ 1st and Castik Capital’s 1st transaction in Channel Islands.
Investment Fate
  • CPA Global merged with another company in 2020.

M&A Deal Summary

Date 2017-08-29
Target CPA Global
Sector Information Services
Buyer(s) Leonard Green & Partners
HarbourVest Partners
Castik Capital
Sellers(s) Cinven
Deal Type Secondary Buyout

Target

CPA Global

Jersey, Channel Islands
website
CPA Global is an intellectual property (IP) management and technology company serving over 10,000 customers and connecting millions of global IP users every day. CPA Global was founded in 1969 and is based in Jersey, Channel Islands.

Search 192,510 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

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 65 of 88
Sector (Information Services) 2 of 4
Type (Secondary Buyout) 20 of 40
Country (Channel Islands) 1 of 1
Year (2017) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 United States Infrastructure

Indianapolis, Indiana, United States

United States Infrastructure Corp. specializes in locating pipes and cables for utility customers across the US and Canada. The Company employs more than 7,500 technicians and performs over 70 million utility locating services annually ahead of excavation or maintenance works. USIC currently serves around 1,000 customers in all major utility segments, including cable, telecommunications, electricity, gas, water and sewage. United States Infrastructure Corp. was founded in 1978 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 Troon Golf

Scottsdale, Arizona, United States

Troon is a golf and club-related leisure and hospitality services company, providing a variety of services at 620-plus locations around the globe, including managing 640-plus 18-hole equivalent golf courses. Troon was founded in 1990 and is based in Scottsdale, Arizona.

Buy -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 163 of 223
Sector (Information Services) 2 of 3
Type (Secondary Buyout) 35 of 55
Country (Channel Islands) 1 of 1
Year (2017) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 ReCommunity Holdings

Charlotte, North Carolina, United States

ReCommunity is a recycling, recovery and repowering company that is focused on dramatically reducing the volume of land-filled waste through conversion into useful products such as recycled commodities, low-carbon energy, ReEngineered Feedstock, biofuels, and other value-added recycled products. ReCommunity Holdings was founded in 2011 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-21 Schenck Process

Darmstadt, Germany

Schenck Process is a provider of solutions in measuring and process technologies in industrial weighing, feeding, screening and automation. Schenck develops, manufactures and markets a full range of solutions, products and turnkey systems on the basis of combining process engineering expertise, reliable components and field-proven technology. Schenck Process was founded in 1881 and is based in Darmstadt, Germany.

Sell -
Buyer

Castik Capital

Investor

website


Category Private Equity Firm
Founded 2014
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Castik Capital Partners advises Luxembourg based Castik Capital, the manager of the EPIC Funds. Castik seeks public and private investment opportunities throughout Europe where the Firm can commit €100 to €300 million per transaction. Castik was formed in 2014 and is based in Luxembourg.


DEAL STATS #
Overall 4 of 13
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 2 of 8
Country (Channel Islands) 1 of 1
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Alpega

Diegem, Belgium

Alpega is a global logistics Software Company that offers end-to-end solutions that cover all transport needs, including Transport Management Services (TMS) and Freight Exchanges. The Transport Management Systems (TMS) software solutions, inet, Transwide, and TAS, connect companies to a broad network of logistics providers and digitize their complex supply chain management. The systems provide live visibility over incoming and outgoing logistics and seamlessly link truck drivers and logistics providers with shippers. Alpega is based in Diegem, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 Ipan

Munich, Germany

Ipan is a rapidly-growing provider of intellectual property management services and software. With offices throughout Europe and the US, and long-standing partnerships with 100+ leading IP law firms, it offers highly transparent, efficient and flexible patent annuity, trademark renewal and European Patent (EP) validation services, as well as extended services such as IP recordals. Ipan Group’s software offering comprises the leading intellectual property management software solutions Unycom, IPfolio and IPSS, which enable both corporate IP departments and IP law firms to efficiently manage their IP portfolios along the entire lifecycle. Ipan was founded in 2004 and is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 113 of 125
Sector (Information Services) 1 of 1
Type (Secondary Buyout) 27 of 30
Country (Channel Islands) 1 of 1
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-18 Stada

Bad Vilbel, Germany

Stada is a developer and marketer of active pharmaceutical ingredients for the health care and pharmaceutical markets worldwide. Stada was founded in 1895 and is based in Bad Vilbel, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 CeramTec Group

Plochingen, Germany

CeramTec Group is a manufacturer of high-performance ceramics and is specialized in the development, manufacturing, and sale of parts, components, and products made from a wide variety of ceramic materials. CeramTec Group was established in 1903 and is based in Plochingen, Germany.

Sell -