M&A Deal Summary

Partners Group AG Acquires SureWerx

On January 4, 2023, asset manager Partners Group AG acquired safety/security company SureWerx from The Riverside Company and Golub Capital

Acquisition Highlights
  • This is Partners Group AG’s 2nd transaction in the Safety/Security sector.
  • This is Partners Group AG’s 2nd transaction in Canada.
  • This is Partners Group AG’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-01-04
Target SureWerx
Sector Safety/Security
Buyer(s) Partners Group AG
Sellers(s) The Riverside Company
Golub Capital
Deal Type Secondary Buyout

Target

SureWerx

Coquitlam, British Columbia, Canada
website
SureWerx is a supplier of professional safety products, tools, and equipment. The company offers access to its brands through its partner distributor network servicing the industrial, construction, safety, and automotive aftermarket markets globally. SureWerx was formed in 1957 and is based in Coquitlam, British Columbia.

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Buyer(S) 1

Buyer

Partners Group AG

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1996
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.

DEAL STATS #
Overall 86 of 87
Sector (Safety/Security) 2 of 2
Type (Secondary Buyout) 50 of 51
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-07 CWP Renewables

Newcastle, Australia

CWP Renewables is a renewable energy developer and asset manager, creating sustainable solutions for local communities, globally. CWP is a renewable energy developer and asset manager with full project life-cycle expertise. The company develops utility-scale renewable energy facilities, including wind, solar, and battery projects. It manages the construction of projects, both own projects and those of third parties, and provides ongoing asset management services through project operations. CWP Renewables was formed in 2007 and is based in Newcastle, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-22 Civica

London, United Kingdom

Civica is a business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica was founded in 2002 and is based in London, United Kingdom.

Sell -

Seller(S) 2

SELLER

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 184 of 189
Sector (Safety/Security) 3 of 3
Type (Secondary Buyout) 73 of 77
State (British Columbia) 1 of 1
Country (Canada) 5 of 5
Year (2023) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-16 BioDue

Sambuca, Italy

BioDue is a dietary supplement and medical device company that provides customers with a full-service offering, ranging from raw material sourcing development and formulation, production, packaging, and regulatory affairs, to commercialization. It boasts a high-quality customer base including some of the largest pharma and nutraceutical companies in Europe and five well-invested production sites. BioDue was formed in 1986 and is based in Sambuca, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-30 Dastex

Muggensturm, Germany

Dastex is a provider of both third-party brand and proprietary garments and consumables for cleanrooms in Germany, Austria, and Switzerland with a strong foothold in the Benelux and a growing pan-European presence. Dastex was founded in 1979 and is based in Muggensturm, Germany.

Buy -
SELLER

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Lender
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.

DEAL STATS #
Overall 37 of 40
Sector (Safety/Security) 1 of 1
Type (Secondary Buyout) 18 of 19
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 Spear Education

Scottsdale, Arizona, United States

Spear Education is dentistry’s source for continuing education that serves dentists of all clinical skill levels and transforms practices and the lives of patients by offering physical hands-on courses, extensive peer-to-peer regional learning, and comprehensive online educational tools. Spear Education is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-31 Feeders Supply

Louisville, Kentucky, United States

Feeders Supply is an operator of 16 retail locations primarily in the Louisville metropolitan area. The company is focused on providing “everything you need for all the pets you feed” and offers a broad selection of premium pet food brands and products. Feeders Supply was founded in 1959 and is headquartered in Louisville, Kentucky.

Sell -
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