M&A Deal Summary

KKR Acquires Genesis Care

On June 27, 2012, private equity firm KKR acquired healthcare services company Genesis Care from Advent Partners

Acquisition Highlights
  • This is KKR’s 6th transaction in the Healthcare Services sector.
  • This is KKR’s 3rd transaction in Australia.

M&A Deal Summary

Date 2012-06-27
Target Genesis Care
Sector Healthcare Services
Buyer(s) KKR
Sellers(s) Advent Partners
Deal Type Secondary Buyout

Target

Genesis Care

Alexandria, Australia
website
Genesis Care is a provider of healthcare to patients with cancer and cardiovascular disease, the two largest disease burdens globally. The organization exists to improve quality and access for patients and communities in need. Genesis Care is based in Alexandria, Australia.

Search 192,349 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) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 112 of 428
Sector (Healthcare Services) 6 of 15
Type (Secondary Buyout) 15 of 102
Country (Australia) 3 of 15
Year (2012) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-22 Fotolia

New York, United States

Fotolia is a provider of micro-priced stock images on the Web. Fotolia provides professional and amateur photographers with the ability to connect with more than 800,000 media buyers worldwide – from small businesses and design firms to some of the world’s most recognizable brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-06 WMF Group

Geislingen, Germany

WMF Group is a manufacturer of table and kitchenware for private households. In the professional catering sector, WMF is a equipment supplier worldwide with a strong market position particularly in the market for high-quality coffee machines.

Buy €600M

Seller(S) 1

SELLER

Advent Partners

Melbourne, Australia

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 700M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Advent Private Capital is an Australian private equity firm focused on investing in privately owned, growing businesses, with strong management and sustainable competitive advantages. Advent looks to invest in businesses valued between $15 and $100 million AUS with operating profits of at least $4 million. Advent considers itself a generalist private equity firm with an expansive industry focus, however, the Firm has a history of targeting manufacturing and service-based businesses. Advent will not invest in property development, resources, primary production, listed companies, start-ups or early-stage transactions. Advent was formed in 1984 and is based in Melbourne.


DEAL STATS #
Overall 6 of 11
Sector (Healthcare Services) 2 of 3
Type (Secondary Buyout) 2 of 2
Country (Australia) 6 of 11
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 Orionstone Pty

Mackay, Australia

Orionstone Pty Ltd. is a renter of heavy earthmoving equipment to the mining, infrastructure, and oil and gas industries

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 Locker Group Pty.

Victoria, Australia

Locker Group Pty. Ltd. is a manufacturer and supplier of perforated plate, expanded metal, woven wire, wire belting, walkway and platform systems, grating and screening products across a wide range of applications for the general industrial, architectural building, commercial construction, infrastructure and resources sectors.

Sell -