M&A Deal Summary |
|
|---|---|
| Date | 2018-04-04 |
| Target | Fortra |
| Sector | Information Technology |
| Buyer(s) |
HGGC
TA Associates Charlesbank Capital Partners Harvest Partners Structured Capital Alberta Investment Management |
| Sellers(s) | H.I.G. Private Equity |
| Deal Type | Secondary Buyout |
| Advisor(s) | Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| PE ASSETS | 6.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 46 |
| Sector (Information Technology) | 2 of 2 |
| Type (Secondary Buyout) | 9 of 11 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 26 of 40 |
| Year (2018) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-06-28 |
Denodo
Palo Alto, California, United States Denodo is a provider of data virtualization services, offering real-time, high performance data integration and data abstraction. Denodo’s solution enables enterprise customers unparalleled ability to access unified business information across the broadest range of enterprise, cloud, big data, and unstructured data sources, along with real-time data services. Denodo is based in Palo Alto, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-01 |
RPX
San Francisco, California, United States RPX is a provider of patent risk management solutions, serving clients in the technology, media, financial services and automotive sectors. RPX provides an innovative subscription based service that lowers the cost of IP related litigation for its member clients, which include the largest and most important companies in the technology sector. RPX was formed in 2008 and is based in San Francisco, California. |
Buy | $555M |
| 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 | 277 of 360 |
| Sector (Information Technology) | 27 of 36 |
| Type (Secondary Buyout) | 38 of 67 |
| State (Minnesota) | 3 of 4 |
| Country (United States) | 216 of 261 |
| Year (2018) | 4 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-14 |
Confluence
Pittsburgh, Pennsylvania, United States Confluence is a financial services data management software platform that offers mission-critical regulatory, investor communications, and performance reporting solutions to the global asset management industry. Confluence is uniquely positioned as the only unified data-driven software platform that enables asset managers and global and regional fund administrators to automate various communications and reporting to shareholders and regulators. Confluence was founded in 1991 and is based in Pittsburgh, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-11 |
Amann Girrbach
Koblach, Austria Amann Girrbach is a developer, manufacturer and sells precision systems and consumables, including the flagship Ceramill CAD/CAM system. Amann Girrbach was founded in 1973 and is headquartered in Koblach, Austria. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 86 |
| Sector (Information Technology) | 4 of 7 |
| Type (Secondary Buyout) | 18 of 29 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 52 of 76 |
| Year (2018) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-12 |
Cedar Creek
Tulsa, Oklahoma, United States Cedar Creek, Inc. is a wholesale building materials distribution company.Beginning as one yard in Oklahoma, we have since expanded our operations across the United States. “Locations” of our distribution yards can be found under the locations link. The Company is headquartered in Oklahoma with operations in the United States, offering a wide range of products that vary by region. |
Sell | $413M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-17 |
Hearthside Food Solutions
Downers Grove, Illinois, United States Hearthside Food Solutions is a food contract manufacturer. The Company offers diverse production capabilities including bars, cookies, crackers, granola, snack components, and other baked goods. Hearthside specializes in the production of complex, high-volume, short-run products, which represent an increasing portion of customer demand. Hearthside Food Solutions was founded in 2009 and is based in Downers Grove, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| Size | Large |
| Type | Sector Agnostic |
Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 31 |
| Sector (Information Technology) | 1 of 4 |
| Type (Secondary Buyout) | 6 of 12 |
| State (Minnesota) | 1 of 2 |
| Country (United States) | 17 of 30 |
| Year (2018) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-22 |
EyeCare Services Partners
Dallas, Texas, United States EyeCare Services Partners is a provider of comprehensive practice management services to over 100 ophthalmologists and optometrists in its 46 clinics and seven ambulatory surgery centers across five states. EyeCare Services Partners was founded in 2014 and is based in Dallas, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-04 |
Neighborly
Waco, Texas, United States Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas. |
Buy | - |
| Category | Pension |
|---|---|
| Founded | 2008 |
| PE ASSETS | 4.5B CAD |
| Size | Mega |
| Type | Sector Agnostic |
Alberta Investment Management Corporation (AIMCo) is a Canadian diversified institutional investment manager serving pension, endowment and government funds in the province of Alberta. In addition to investing in public equities, fixed income, and debt, AIMCo looks to invest in private equity, real estate, timberlands, and infrastructure. AIMCo's private equity group invests in funds and directly in companies throughout North America and Western Europe. Areas of interest include consumer, industrials, business services, financial services, technology, and healthcare. AIMCo is based in Edmonton, with additional offices in Toronto and London.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 30 |
| Sector (Information Technology) | 2 of 2 |
| Type (Secondary Buyout) | 7 of 12 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 7 of 15 |
| Year (2018) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-24 |
Benevity
Calgary, Alberta, Canada Benevity is a provider of corporate social responsibility and employee engagement software that allows companies to automate processes for online workplace giving, volunteering, and community investment with a social mission of “doing well by doing good.” Benevity was founded in 2008 and is based in Calgary, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-01 |
Fortitude Reinsurance
Pembroke, Bermuda Fortitude Reinsurance is a multi-line reinsurance company with deep expertise in the management of closed blocks of insurance liabilities. Fortitude Re is a liability-led company complemented by sophisticated asset sourcing and asset-liability management expertise. Fortitude Reinsurance was founded in 2017 and is based in Pembroke, Bermuda. |
Buy | $1.8B |
| 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 | 97 of 153 |
| Sector (Information Technology) | 4 of 11 |
| Type (Secondary Buyout) | 38 of 65 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 75 of 112 |
| Year (2018) | 5 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-12 |
Matrixx Initiatives
Bridgewater, New Jersey, United States Matrixx Initiatives, Inc. manufactures and markets Zicam® brand OTC products, including its clinically proven ZICAM® Cold Remedy Nasal Spray and Swab, ZICAM® Cold Remedy RAPIDMELTS®, ZICAM® Cold Remedy Medicated Fruit Drops, ZICAM® Extreme Congestion Relief, and ZICAM® Intense Sinus Relief. Matrixx Initiatives is based in Bridgewater, New Jersey. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-26 |
Radius GGE
Boston, Massachusetts, United States Radius GGE (USA), Inc. is a provider of an international accounting, finance, banking, tax, HR, legal and compliance support to simplify their core operations, reduce their risk exposure and improve the management and control of their overseas businesses. |
Sell | - |
