M&A Deal Summary |
|
|---|---|
| Date | 2023-12-23 |
| Target | IRIS |
| Sector | Software |
| Buyer(s) |
Leonard Green & Partners
HgCapital Intermediate Capital Group |
| Deal Type | Secondary Buyout |
| Deal Value | 3.2B GBP |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 70.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 88 of 88 |
| Sector (Software) | 3 of 3 |
| Type (Secondary Buyout) | 40 of 40 |
| Country (United Kingdom) | 2 of 2 |
| Year (2023) | 2 of 2 |
| Size (of disclosed) | 2 of 28 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-22 |
TenCate Grass
Nijverdal, Netherlands TenCate Grass is a vertically integrated manufacturer, distributor, and installer of artificial turfsolutions. TenCate Grass provides artificial turf solutions for both sports and landscaping applications with a portfolio of diversified brands. TenCate Grass is based in Nijverdal, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-28 |
SRS Distribution
McKinney, Texas, United States SRS Distribution is a distributor of residential roofing materials and supplies in the U.S. SRS has over 160 branches in more than 40 states serving a diverse group of roofing contractors, home builders, and retailers. SRS Distribution was founded in 2008 and is based in McKinney, Texas. |
Sell | $18.3B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.
| DEAL STATS | # |
|---|---|
| Overall | 137 of 138 |
| Sector (Software) | 41 of 41 |
| Type (Secondary Buyout) | 46 of 47 |
| Country (United Kingdom) | 57 of 58 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-20 |
IRIS
Slough, United Kingdom IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom. |
Sell | £3.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-20 |
Cube
London, United Kingdom Cube offers a comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. The company's regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe. Cube is based in London, England. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 286 of 289 |
| Sector (Software) | 7 of 7 |
| Type (Secondary Buyout) | 111 of 111 |
| Country (United Kingdom) | 79 of 80 |
| Year (2023) | 4 of 4 |
| Size (of disclosed) | 1 of 82 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-21 |
Cura
Bowen Hills, Australia Cura is a provider of day hospital facilities. Cura provides and continually maintains modern and well equipped facilities to the highest safety standards, enabling specialists to focus exclusively on their patients. Cura is based in Bowen Hills, Australia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-27 |
Alfa Medicus
Singapore, Singapore Alfa Medicus is a private day surgery provider, with a focus on delivering cost-effective, surgical care and diagnostic imaging services. Alfa Medicus was founded in 2008 and is based in Singapore. |
Buy | - |
