M&A Deal Summary

Onex Partners Acquires Acacium Group

On April 16, 2020, private equity firm Onex Partners acquired staffing company Acacium Group from TowerBrook Capital Partners

Acquisition Highlights
  • This is Onex Partners’ 1st transaction in the Staffing sector.
  • This is Onex Partners’ 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2020-04-16
Target Acacium Group
Sector Staffing
Buyer(s) Onex Partners
Sellers(s) TowerBrook Capital Partners
Deal Type Secondary Buyout

Target

Acacium Group

London, United Kingdom
website
Acacium Group is a healthcare workforce solutions and services partner dedicated to offering staffing, managed services, and innovative delivery models to health and social care systems and the life sciences industry. The company's specialist brands enable to combine workforce, services, deep clinical expertise, and technology to deliver better outcomes for clients and patients alike. Its experience of working end-to-end, from clinical trials to hospital and community-based services for example gives a unique insight into how best to support clients and make a positive difference.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.

DEAL STATS #
Overall 53 of 57
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 14 of 15
Country (United Kingdom) 5 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-03 Save-A-Lot Food Stores

Earth City, Missouri, United States

Save-A-Lot Food Stores discount grocery retailer in the United States. Save-A-Lot owns and operates corporate stores, and services and supplies licensee-owned stores across the country. Store sizes vary, but in general range in size between approximately 15,000-20,000 square feet. The stores provide a limited selection of national and exclusive store brand products with a focus on its fresh offerings including USDA-inspected beef, pork and poultry, and farm-fresh fruits and vegetables.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 Newport Healthcare

Nashville, Tennessee, United States

Newport Healthcare is a provider of evidence-based healing centers for teens, young adults, and families struggling with mental health issues, eating disorders, and substance abuse. Newport Healthcare is based in Nashville, Tennessee.

Buy -

Seller(S) 1

SELLER

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.

DEAL STATS #
Overall 38 of 45
Sector (Staffing) 1 of 1
Type (Secondary Buyout) 9 of 10
Country (United Kingdom) 8 of 9
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Access

United States

Access utilises proprietary analytics and a flexible technology platform to provide various credit and related financial services and products to the financially underserved consumer credit market. Access applies the experiences gained and infrastructure built from servicing over $25 billion in consumer loans over its 23-year operating history, to support lenders who originate a range of consumer loan products. These products include retail credit and credit cards marketed through multiple channels, including retail point-of-sale, direct mail solicitation, and partnerships with third parties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-19 CarTrawler

Dublin, Ireland

CarTrawler is a technology company providing fully managed online car rental solutions to travel partners in 174 countries. Working across all travel industry segments and geographic markets, CarTrawler enables online travel retailers to add car rental to their portfolio of products and services, creating an additional revenue stream that requires no investment on their part. CarTrawler was formed in 2004 and is headquartered in Dublin, Ireland.

Buy -
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