M&A Deal Summary

The Blackstone Group and The Carlyle Group Acquire Service King Collision Repair Centers

On July 22, 2014, private equity firms The Blackstone Group and The Carlyle Group acquired automotive company Service King Collision Repair Centers from The Carlyle Group

Acquisition Highlights
  • This is The Blackstone Group’s 3rd and The Carlyle Group’s 14th transaction in the Automotive sector.
  • This is The Blackstone Group’s 113th and The Carlyle Group’s 257th transaction in the United States.
  • This is The Blackstone Group’s 19th and The Carlyle Group’s 46th transaction in Texas.

M&A Deal Summary

Date 2014-07-22
Target Service King Collision Repair Centers
Sector Automotive
Buyer(s) The Blackstone Group
The Carlyle Group
Sellers(s) The Carlyle Group
Deal Type Secondary Buyout

Target

Service King Collision Repair Centers

Richardson, Texas, United States
website
Service King Collision Repair Centers is a regional multi-shop operator of collision repair facilities in the country, dedicated to offering customers an overall superior service experience.

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Buyer(S) 2

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 176 of 320
Sector (Automotive) 3 of 4
Type (Secondary Buyout) 24 of 73
State (Texas) 19 of 32
Country (United States) 113 of 202
Year (2014) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-11 Lombard International Group

Luxembourg, Luxembourg

Lombard International Group is a provider of insurance-based wealth, estate and succession planning solutions for upper affluent, high net worth and ultra-high net worth individuals, families and institutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-23 Gates Industrial

Denver, Colorado, United States

Gates Industrial is a manufacturer of power transmission belts and a premier global manufacturer of fluid power products. Gates Industrial was founded in 1911 and is based in Denver, Colorado.

Buy $5.4B
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 497 of 695
Sector (Automotive) 14 of 15
Type (Secondary Buyout) 58 of 125
State (Texas) 46 of 51
Country (United States) 257 of 336
Year (2014) 16 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Expereo International

Amsterdam, Netherlands

Expereo International is a provider of managed Internet network services, SD-WAN, Security and Cloud Connectivity optimisation solutions for global enterprises. Expereo International was founded in 2004 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 ADA Cosmetics

Kehl, Germany

ADA Cosmetics is a provider of personal care products such as shampoo, shower gel, soap, body lotion and accessories for the hotel industry. ADA Cosmetics was founded in 1979 and is based in Kehl, Germany.

Sell -

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 257 of 443
Sector (Automotive) 11 of 12
Type (Secondary Buyout) 48 of 114
State (Texas) 27 of 35
Country (United States) 160 of 250
Year (2014) 15 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-21 Expereo International

Amsterdam, Netherlands

Expereo International is a provider of managed Internet network services, SD-WAN, Security and Cloud Connectivity optimisation solutions for global enterprises. Expereo International was founded in 2004 and is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 ADA Cosmetics

Kehl, Germany

ADA Cosmetics is a provider of personal care products such as shampoo, shower gel, soap, body lotion and accessories for the hotel industry. ADA Cosmetics was founded in 1979 and is based in Kehl, Germany.

Sell -