M&A Deal Summary |
|
|---|---|
| Date | 2011-06-01 |
| Target | IRI |
| Sector | Information Services |
| Buyer(s) |
Cohesive Capital Partners
New Mountain Capital Vestar Capital Partners Hellman & Friedman |
| Sellers(s) |
STG
Tennenbaum Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Jefferies BofA Securities (Financial) Davis Polk & Wardwell (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 385M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 32 |
| Sector (Information Services) | 1 of 3 |
| Type (Secondary Buyout) | 1 of 5 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 1 of 30 |
| Year (2011) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-01 |
Serta Simmons Bedding
Doraville, Georgia, United States Serta Simmons engages in designing, manufacturing and selling sleep products that give consumers the sleep they need to live the lives they want. Serta Simmons primary brands include Serta, Beautyrest, Simmons, and Tuft & Needle brands. Serta Simmons was founded in 2010 and is based in Doraville, Georgia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 35.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 91 |
| Sector (Information Services) | 1 of 3 |
| Type (Secondary Buyout) | 5 of 35 |
| State (Illinois) | 1 of 6 |
| Country (United States) | 20 of 87 |
| Year (2011) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-27 |
Apptis
Chantilly, Virginia, United States Apptis, Inc., is a privately held company in the federal information technology services sector. Apptis provides end-to-end enterprise solutions (both products and services) to a wide range of federal government agencies, with low perceived risk of budgetary cutbacks. |
Sell | $260M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-07-26 |
SNL Financial
Charlottesville, Virginia, United States SNL Financial is a provider of financial data and analytics services. The Company was formed in 1987 and is based in Charlottesville, Virginia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 64 of 82 |
| Sector (Information Services) | 2 of 2 |
| Type (Secondary Buyout) | 6 of 13 |
| State (Illinois) | 4 of 8 |
| Country (United States) | 49 of 66 |
| Year (2011) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-03-08 |
Big Heart Pet Brands
San Francisco, California, United States Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products. |
Buy | $5.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-09-06 |
Essent Healthcare
Nashville, Tennessee, United States Essent Healthcare, Inc. is owns and operates non-urban acute care hospitals that are essential to communities in Pennsylvania, Massachusetts, Connecticut, and Texas. |
Sell | $260M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 87 |
| Sector (Information Services) | 2 of 6 |
| Type (Secondary Buyout) | 8 of 25 |
| State (Illinois) | 2 of 6 |
| Country (United States) | 32 of 60 |
| Year (2011) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-06 |
Artisan Partners Distributors
Milwaukee, Wisconsin, United States Artisan Partners Limited Partnership is a leading independent, multi-product investment management firm that currently manages approximately $50 billion in assets. The Company, founded in 1994, has investment teams located in Milwaukee (its headquarters), San Francisco, and Atlanta. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-24 |
Verisure
Malmö, Sweden Verisure is a provider of high quality monitored alarm and security services to residential homes and small businesses in Europe. Verisure serves subscribers across Europe, including Spain, Sweden, Norway and France, and Latin America. Through its proprietary, industry-leading technology platform, the Company ensures customer peace of mind by remotely monitoring properties 24 hours, 7 days a week and ensuring rapid response. |
Buy | kr2.1B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Focused |
STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 29 |
| Sector (Information Services) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 7 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 4 of 19 |
| Year (2011) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-29 |
Connexity
Santa Monica, California, United States Connexity offers a range of marketing solutions including search marketing, syndicated product listings, targeted display advertising, and the Bizrate Insights customer feedback program. Connexity was founded in 1996 and is based in Santa Monica, California. |
Buy | $165M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-06-29 |
Iptor
Solna, Sweden Iptor is a provider of distribution resource management software – business applications for the wholesale, distribution and manufacturer/distributor markets. Iptor was founded in 1978 and is based in Solna, Sweden. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1999 |
| PE ASSETS | 18.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Tennenbaum Capital Partners is a private investment group focused on providing financing solutions to middle-market companies in a variety of sectors. The Firm separates its activity into two segments - performing and distressed. The performing group looks to invest $10 to $125 million to support recapitalizations, LBOs, acquisitions, and growth capital needs of companies valued between $100 million and $1.5 billion. The special situations group looks to provide $20 to $125 million to support rescue needs, as well as fund complex situations or secondary market purchases. Tennenbaum primarily considers opportunities in North America and Europe, but will consider other geographies. Tennenbaum Capital Partners was formed in 1999 and is based in Santa Monica, California.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 9 |
| Sector (Information Services) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 1 of 8 |
| Year (2011) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-01-01 |
Novanta
Bedford, Massachusetts, United States Novanta is a manufacturer of of core technology solutions that give advanced industrial and healthcare OEMs a competitive advantage. Novanta was founded in 1968 and is based in Bedford, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-12 |
Revere Packaging
Shelbyville, Kentucky, United States Revere Packaging is a niche provider of single-use aluminum and plastic packaging solutions to the food service industry. Revere Packaging was founded in 1801 and is based in Shelbyville, Kentucky. |
Sell | - |
