M&A Deal Summary |
|
|---|---|
| Date | 2020-02-18 |
| Target | TRAC Intermodal |
| Sector | Transportation |
| Buyer(s) | Stonepeak |
| Sellers(s) | Fortress |
| Deal Type | Secondary Buyout |
| Advisor(s) | Citigroup Investment Banking (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 36 |
| Sector (Transportation) | 2 of 5 |
| Type (Secondary Buyout) | 5 of 7 |
| State (New Jersey) | 1 of 2 |
| Country (United States) | 13 of 20 |
| Year (2020) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-30 |
Inspired Education Holdings
London, United Kingdom Inspired Education Holdings is a provider of education services. Inspired Education was founded in 2013 and is based in London, England. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-02-27 |
Xplornet
Woodstock, New Brunswick, Canada Xplornet is a provider of broadband access to rural consumers across Canada using both 4G Wireless and two-way next-generation satellites. Xplornet has been providing innovative fixed and mobile broadband solutions to rural customers at work, home and plays across Canada. Xplornet offers voice and data communication services through its unique hybrid fiber wireless and satellite network that connects Canadians to what matters. Xplornet was founded in 2004 and is based in Woodstock, New Brunswick. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 44.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 25 |
| Sector (Transportation) | 3 of 3 |
| Type (Secondary Buyout) | 2 of 2 |
| State (New Jersey) | 1 of 1 |
| Country (United States) | 18 of 18 |
| Year (2020) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-16 |
NextNav
Sunnyvale, California, United States NextNav is a provider of high-precision location service for mobile wireless use indoors and in environments where GPS signals have difficulty penetrating buildings. NextNav was founded in 2008 and is based in Sunnyvale, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-05-22 |
Krystal
Dunwoody, Georgia, United States Krystal is an operator of a chain of restaurants well known for its signature menu item, the famous Krystal Burger, with its steamed-in onion flavor. Krystal hamburgers are still served fresh and hot off the grill on the iconic square bun at 300 restaurants in 10 states. Krystal was founded in 1932 and is based in Dunwoody, Georgia. |
Buy | - |
