M&A Deal Summary |
|
|---|---|
| Date | 2014-01-07 |
| Target | Towne Park |
| Sector | Business Services |
| Buyer(s) |
TA Associates
HarbourVest Partners |
| Sellers(s) |
Patriot Capital
HarbourVest Partners Camden Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Harris Williams & Co. (Financial) Hogan Lovells (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 210 of 360 |
| Sector (Business Services) | 9 of 13 |
| Type (Secondary Buyout) | 17 of 67 |
| State (Maryland) | 5 of 5 |
| Country (United States) | 177 of 261 |
| Year (2014) | 2 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-06 |
LegalZoom
Glendale, California, United States Legalzoom is an online legal service center. The company helps its consumer and small business customers quickly and affordably create estate planning documents, form businesses, and protect valuable intellectual property such as trademarks and provisional patents through their easy-to-use website thus avoiding costly attorney fees. LegalZoom.com was founded in 1999 and is based in Glendale, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-03 |
Dymatize Enterprises
Farmers Branch, Texas, United States Dymatize Enterprises is a manufacturer and marketer of branded and private label nutritional and sports supplements. Dymatize offers more than 250 branded and private label products in numerous categories. |
Sell | $380M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 121 of 223 |
| Sector (Business Services) | 7 of 10 |
| Type (Secondary Buyout) | 23 of 55 |
| State (Maryland) | 5 of 5 |
| Country (United States) | 75 of 133 |
| Year (2014) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-11 |
GTS Central Europe
Warszawa, Poland GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers. |
Sell | €546M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-10 |
Serena
Redwood City, California, United States Serena is a provider of enterprise application lifecycle management software. Serena is one of the largest independent ALM vendors and the only one that orchestrates DevOps, the processes that bring together application development and operations. Serena was formed in 1980 and is based in Redwood City, California. |
Sell | $450M |
| Category | Private Equity Firm |
|---|---|
| Size | Large |
| Type | Sector Agnostic |
Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $3 to $20 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 46 |
| Sector (Business Services) | 1 of 4 |
| Type (Secondary Buyout) | 1 of 6 |
| State (Maryland) | 4 of 6 |
| Country (United States) | 18 of 46 |
| Year (2014) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-13 |
CSS Antenna
Edgewood, Maryland, United States CSS Antenna designs and manufacturers a diverse set of products supporting the wireless industry. The Company developed its first antenna in 1997 and currently offers a wide range of products including primary antenna designs, filters, amplifiers, and supporting monitor and control software. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-09 |
McCubbin Hosiery
Oklahoma City, Oklahoma, United States Founded in 1952 by Chester McCubbin, McCubbin began as a regional manufacturer of hosiery for men, women, and children. In the early days, the C.R. Anthony chain, based in Oklahoma City. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 45 of 127 |
| Sector (Business Services) | 5 of 7 |
| Type (Secondary Buyout) | 12 of 33 |
| State (Maryland) | 1 of 5 |
| Country (United States) | 25 of 81 |
| Year (2014) | 1 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-11 |
GTS Central Europe
Warszawa, Poland GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers. |
Sell | €546M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-10 |
Serena
Redwood City, California, United States Serena is a provider of enterprise application lifecycle management software. Serena is one of the largest independent ALM vendors and the only one that orchestrates DevOps, the processes that bring together application development and operations. Serena was formed in 1980 and is based in Redwood City, California. |
Sell | $450M |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 700M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Camden Partners is a growth-oriented private investment firm focused on direct investments as well as structured capital solutions. Camden's direct private equity practice targets equity investments up to $15 million in businesses operating in the technology, software, business services, and education sectors. Prospective companies generally have proven management, proprietary products or high barriers to entry, recurring revenue, and proven business models. Camden Partners was formed in 1995 and is based in Baltimore, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 26 |
| Sector (Business Services) | 3 of 4 |
| Type (Secondary Buyout) | 3 of 4 |
| State (Maryland) | 1 of 3 |
| Country (United States) | 15 of 25 |
| Year (2014) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-31 |
IncentOne
Newport Beach, California, United States IncentOne provides technology-driven incentive solutions used by healthcare clients to drive healthcare cost reductions. IncentOne is based in Newport Beach, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-01-22 |
Triumph Higher Education
Boulder, Colorado, United States Triumph Higher Education is a new education company that builds a professionally managed system of quality, affordable schools known for stimulating learning experiences, good outcomes, and good career opportunities for graduates. The primary areas of academic focus at Triumph are culinary education and online education covering a variety of academic disciplines. These areas offer substantial opportunity for growth and address key educational needs of the nation and the world. Triumph Higher Education is based in Boulder, Colorado. |
Buy | - |
