M&A Deal Summary

Morgan Stanley Capital Partners Acquires 24 Seven

On October 6, 2016, private equity firm Morgan Stanley Capital Partners acquired staffing company 24 Seven

Acquisition Highlights
  • This is Morgan Stanley Capital Partners’ 3rd transaction in the Staffing sector.
  • This is Morgan Stanley Capital Partners’ 20th transaction in the United States.
  • This is Morgan Stanley Capital Partners’ 3rd transaction in New York.

M&A Deal Summary
Date 2016-10-06
Target 24 Seven
Sector Staffing
Buyer(s) Morgan Stanley Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

24 Seven

New York, New York, United States
website
24 Seven is a human capital management firms specializing in the placement of freelance and full-time creative, marketing and digital talent. Through a network of nine U.S. offices and two international offices, the company delivers advertising, creative, marketing and interactive / digital professionals for freelance and permanent placements. 24 Seven was founded in 2000 and is based in New York city.

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Buyer(S) 1

Buyer

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 23 of 47
Sector (Staffing) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 13
State (New York) 3 of 3
Country (United States) 20 of 44
Year (2016) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Nutanix

San Jose, California, United States

Nutanix provides an enterprise cloud platform that converges traditional silos of server, virtualization and storage into one integrated solution and can also connect to public cloud services. Nutanix's software-driven platform delivers the agility, scalability and pay-as-you-grow economics of the public cloud, while addressing enterprise requirements of application mobility, security, data integrity and control. Nutanix was founded in 2009 and is based in San Jose, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-03 PPC Flexible Packaging

Buffalo Grove, Illinois, United States

PPC Flexible Packaging is a provider of converted flexible packaging for the healthcare, medical, organic snack, pet food, bakery and produces markets. The company excels in the design and manufacture of value-added printed, laminated and stand up pouch packaging for the most demanding applications. Recognized for its focus on exceptional speed to market, it excels in delivering service, quality, and technology to its valued customer base. PPC Flexible Packaging was founded in 1968 and is based in Buffalo Grove, Illinois.

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