M&A Deal Summary |
|
|---|---|
| Date | 2010-07-30 |
| Target | Intermedix |
| Sector | Information Technology |
| Buyer(s) |
Thomas H. Lee Partners
Crescent Capital Group Kayne Anderson Capital Advisors Audax Private Debt |
| Sellers(s) | Parthenon Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Goldman Sachs (Financial) Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1974 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Thomas H. Lee Partners, LP (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. Thomas H. Lee Partners, LP was formed in 1974 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 82 |
| Sector (Information Technology) | 2 of 8 |
| Type (Secondary Buyout) | 6 of 30 |
| State (Florida) | 2 of 7 |
| Country (United States) | 26 of 70 |
| Year (2010) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-29 |
Sedgwick
Memphis, Tennessee, United States Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee. |
Sell | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-04 |
inVentiv Health
Burlington, Massachusetts, United States inVentiv Health, Inc. is a provider of best-in-class clinical, commercial and consulting services to companies seeking to accelerate performance. inVentiv offers convergent services that deliver extraordinary outcomes to clients whose goal is improving human life. |
Buy | $1.2B |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 64 |
| Sector (Information Technology) | 3 of 5 |
| Type (Secondary Buyout) | 14 of 23 |
| State (Florida) | 3 of 5 |
| Country (United States) | 41 of 52 |
| Year (2010) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-26 |
Protection One
Romeoville, Illinois, United States Protection One is a security provider, protecting residential, business, national account and integrated system customers at millions of locations. Protection One provides installation, maintenance and electronic monitoring of alarm systems to single-family residential, commercial, multifamily and wholesale customers. Protection One was founded in 1988 and is based in Romeoville, Illinois. |
Buy | $828M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-01 |
Enhanced Resource Centers
Jacksonville, Florida, United States Enhanced Resource Centers is a provider of customer experience management solutions with a focus on call center-based business process outsourcing solutions and accounts receivable management services to blue-chip clients in a variety of industries, including financial services, telecommunications, utilities, and student loan markets. Enhanced Resource Centers was founded in 1999 and is headquartered in Jacksonville, Florida. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1984 |
| PE ASSETS | 8.6B USD |
| Size | Mega |
| Type | Sector Agnostic |
Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.
| DEAL STATS | # |
|---|---|
| Overall | 61 of 171 |
| Sector (Information Technology) | 2 of 10 |
| Type (Secondary Buyout) | 1 of 6 |
| State (Florida) | 1 of 3 |
| Country (United States) | 55 of 154 |
| Year (2010) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-01 |
Alamo Resources II
Houston, Texas, United States Alamo Resources II was a private exploration and production company based in Houston, Texas that focused on the acquisition and exploitation of oil and gas assets, primarily in New Mexico and Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-01 |
Sagebrush Resources II
Denver, Colorado, United States Sagebrush Resources II is a private exploration and production company based in Denver, Colorado that focuses on the acquisition and development of oil and gas properties in the Rocky Mountain region. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 66 |
| Sector (Information Technology) | 1 of 2 |
| Type (Secondary Buyout) | 11 of 29 |
| State (Florida) | 2 of 4 |
| Country (United States) | 31 of 64 |
| Year (2010) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-10 |
EduK Group
Santurce, Puerto Rico EduK Group Inc. operates educational institutions. EduK Group is a provider of postsecondary education in Puerto Rico and is building a presence in key Hispanic markets within the U.S. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-09 |
Joerns Healthcare
Charlotte, North Carolina, United States Joerns Healthcare is a manufacturer of equipment and provider of wound therapy solutions for the care and handling of patients in post-acute healthcare settings. Joerns Healthcare is based in Charlotte, North Carolina. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 34 |
| Sector (Information Technology) | 1 of 5 |
| Type (Secondary Buyout) | 1 of 8 |
| State (Florida) | 1 of 3 |
| Country (United States) | 10 of 34 |
| Year (2010) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-01 |
loanDepot
Foothill Ranch, California, United States loanDepot is a provider of online direct-to-consumer mortgage loans to borrowers. The company also provides settlement services, real estate services, insurance brokerage services, and other consumer insurance policies. IoanDepot was founded in 2010 and is based in Foothill Ranch, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-08-11 |
Altegra Health
Miami Lakes, Florida, United States Altegra Health, Inc. is a provider of software and analytics, network solutions and technology-enabled services that optimize communications, payments and actionable insights by leveraging its intelligent healthcare platform. |
Buy | - |
