M&A Deal Summary |
|
|---|---|
| Date | 2024-03-27 |
| Target | Acteon |
| Sector | Energy Services and Equipment |
| Buyer(s) |
One Equity Partners
Buckthorn Partners Souter Investments Limited |
| Sellers(s) |
KKR
White Deer Energy Ardian |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 121 of 122 |
| Sector (Energy Services and Equipment) | 4 of 4 |
| Type (Secondary Buyout) | 20 of 21 |
| Country (United Kingdom) | 9 of 9 |
| Year (2024) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-27 |
CBM
Modena, Italy CBM is a designer and manufacturer of systems for coupling, towing, and lifting implements for agricultural tractors. The Company optimizes the performance of agricultural equipment through the design and production of agricultural tractor components. CBM is based in Modena, Italy. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-17 |
Ballymore
Coatesville, Pennsylvania, United States Ballymore Safety Products designs, develops, and manufactures engineered safety products that address safety and productivity issues related to vertical access and heavy material handling. The Company offers a broad suite of products and services, including rolling safety ladders, lifts, work platforms, fall protection systems, portable loading docks, lift tables, conveyors, stackers, and reach tools. Ballymore Safety Products was founded in 1945 and is based in Coatesville, Pennsylvania. |
Buy | - |
Buckthorn Partners LLP is a private investment group focused exclusively on investments in oil field service businesses. The Firm has a special interest in partnering with companies exposed to long-term growth trends and providing them industry experience, growth capital, and advice. Buckthorn Partners LLP is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Energy Services and Equipment) | 4 of 4 |
| Type (Secondary Buyout) | 4 of 4 |
| Country (United Kingdom) | 5 of 5 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-12 |
Coretrax
Portlethen, United Kingdom Coretrax is an independent service company offering wellbore clean-up and wellbore abandonment operations. By coupling cutting-edge technology with exceptional customer service, Coretrax has gained a comprehensive track record working internationally in the Oil and Gas sector. Coretrax Technology Ltd. was founded in 2008 and is based in Portlethen, United Kingdom. |
Sell | $210M |
Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 32 |
| Sector (Energy Services and Equipment) | 3 of 3 |
| Type (Secondary Buyout) | 6 of 6 |
| Country (United Kingdom) | 28 of 28 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-11-07 |
Sapphire Systems
London, United Kingdom Sapphire Systems is a provider of enterprise resource planning (ERP) and financial management solutions (FMS). Sapphire Systems was founded in 1993 and is based in London, England. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 173 of 173 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Secondary Buyout) | 34 of 34 |
| Country (United Kingdom) | 11 of 11 |
| Year (2024) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-20 |
Avantus
Los Angeles, California, United States Avantus is a developer of solar PV and storage projects. The company supports solar and energy storage development throughout the project lifecycle from selecting a project site through operations and owns a large project pipeline of 30 GWp of solar and 94 GWh of battery storage, enough to provide 20 million people with clean, reliable power. Avantus was founded in 2009 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-02 |
SunFire
Clifton, New Jersey, United States SunFire is a SaaS technology company providing transformative and proven IT solutions and services to support the rapidly growing Medicare market. The company's core quoting and enrollment technologies enable brokers to compliantly sell Medicare Advantage, Prescription Drug, and Medicare Supplement plans within a proprietary cloud-based platform. It delivers innovative post-enrollment engagement solutions providing third-party verification technology and advocate services, ensuring the beneficiary's intent to enroll, health risk assessment completion as well as the activation of plan benefits. SunFire is based in Clifton, New Jersey. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 2.7B USD |
| Size | Large |
| Type | Sector Focused |
White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 16 |
| Sector (Energy Services and Equipment) | 12 of 12 |
| Type (Secondary Buyout) | 3 of 3 |
| Country (United Kingdom) | 1 of 1 |
| Year (2024) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-01-30 |
Extract
Tulsa, Oklahoma, United States Extract Companies is an artificial lift company. Through its Extract Production Services and Hoss Pump Systems subsidiaries, Extract provides ESP, Gas Lift, and Horizontal Pump Systems to the oil production and saltwater disposal markets in the US. Extract is based in Tulsa, Oklahoma. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 217 of 218 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Secondary Buyout) | 84 of 85 |
| Country (United Kingdom) | 14 of 15 |
| Year (2024) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-21 |
SER Group
Bonn, Germany SER Group is a European enterprise content management solutions (ECM) software company. SER began as a provider of electronic archiving and has grown into a supplier of state-of-the-art ECM solutions to companies throughout Europe. SER Group was founded in 1984 and is headquartered in Bonn, Germany. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-23 |
Audiotonix
Chessington, United Kingdom Audiotonix designs, engineerings, and manufactures professional audio mixing consoles, production software, and ancillary products. With pioneering solutions from premium audio brands Allen & Heath, Calrec, DiGiCo, DiGiGrid, Fourier Audio, Harrison, KLANG: technologies, Slate Digital, Solid State Logic, sonible, and Sound Devices, its products are used extensively in live sound, broadcast, theatre production, installations, houses of worship, TV and film production, music creation and recording studios. Audiotonix is based in Chessington, United Kingdom. |
Sell | - |
