M&A Deal Summary

Hellman & Friedman Acquires Enverus

On April 13, 2021, private equity firm Hellman & Friedman acquired information services company Enverus from Genstar Capital

Acquisition Highlights
  • This is Hellman & Friedman’s 5th transaction in the Information Services sector.
  • This is Hellman & Friedman’s 53rd transaction in the United States.
  • This is Hellman & Friedman’s 6th transaction in Texas.

M&A Deal Summary
Date 2021-04-13
Target Enverus
Sector Information Services
Buyer(s) Hellman & Friedman
Sellers(s) Genstar Capital
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Enverus

Austin, Texas, United States
website
Enverus is a data, software, and insights company focused on the energy industry. Through its SaaS platform, Enverus provides innovative technologies and predictive/prescriptive analytics, empowering customers to navigate the future. Enverus’ solutions deliver value across upstream, midstream and downstream sectors, enabling the industry to be more collaborative, efficient and competitive. Enverus was founded in 1999 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 50.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.

DEAL STATS #
Overall 78 of 87
Sector (Information Services) 5 of 6
Type (Secondary Buyout) 24 of 25
State (Texas) 6 of 7
Country (United States) 53 of 60
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Cordis

Miami Lakes, Florida, United States

Cordis is a provider of cardiovascular and endovascular medical devices. Founded in 1966, the Company has a long history of innovation in high-quality and minimally-invasive cardiovascular technology. Its products are primarily used in procedures to diagnose and treat the narrowing or blockage of arteries. The Company is a U.S. company with a primary corporate office in Miami Lakes, Florida, manufacturing facilities in the U.S. and Mexico and sales in over 50 countries around the world.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 At Home Group

Plano, Texas, United States

At Home Group is a retailer of decorative home accessories, seasonal products, and craft materials. At Home Group offers more than 50,000 on-trend home products to fit any budget or style, from furniture, mirrors, rugs, art, and housewares to tabletop, patio, and seasonal decor. At Home Group was founded in 1979 and is based in Plano, Texas.

Buy $2.8B

Seller(S) 1

SELLER

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 53 of 59
Sector (Information Services) 3 of 3
Type (Secondary Buyout) 19 of 23
State (Texas) 3 of 3
Country (United States) 48 of 53
Year (2021) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Worldwide Facilities

Los Angeles, California, United States

Worldwide Facilities LLC is a national wholesale insurance broker, managing general agent, and program manager. Worldwide Facilities brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. Worldwide Facilities was founded in 1970 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Sell -
Mergr

Product

Company

Legal