M&A Deal Summary |
|
|---|---|
| Date | 2012-07-10 |
| Target | VTG |
| Sector | Defense |
| Buyer(s) | TJC |
| Sellers(s) | Babcock International Group |
| Deal Type | Divestiture |
| Deal Value | 99M USD |
| Advisor(s) | Salem Partners (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1982 |
| PE ASSETS | 14.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 91 |
| Sector (Defense) | 1 of 2 |
| Type (Divestiture) | 3 of 9 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 28 of 88 |
| Year (2012) | 3 of 4 |
| Size (of disclosed) | 11 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-22 |
Venari Resources
Addison, Texas, United States Venari Resources LLC is an exploration and production company focused on the prolific oil-prone subsalt region in the Gulf of Mexico’s deep waters. Venari’s strategy centers on the exploration and development of high-potential oil prospects, initially through the acquisition of minority interests in prospects generated by capable operators and later through the generation of its own prospects. Venari Resources was formed in 2012 and is based in Addison, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-19 |
Suddenlink
St. Louis, Missouri, United States Suddenlink is a major U.S. cable broadband provider, supporting the information, communication and entertainment demands of approximately 1.3 million customers in North Carolina, West Virginia, Missouri, Arkansas, Louisiana, Texas, Oklahoma and California. Suddenlink was formed in 2003 and is based in St. Louis, Missouri. |
Sell | $6.6B |
| Category | Company |
|---|---|
| Founded | 1891 |
| Sector | Environmental |
| Employees | 28,341 |
| Revenue | 4.1B GBP (2022) |
Babcock International Group is a British multinational support services company specialising in managing complex assets and infrastructure in safety- and mission-critical environments. Babcock International Group was incorporated in 1891 and is based in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 7 |
| Sector (Defense) | 1 of 1 |
| Type (Divestiture) | 2 of 7 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-01 |
Eagleton Engineering
Houston, Texas, United States Eagleton Engineering LLC is a specializes in pipeline engineering, primarily providing professional services and resources to the oil, gas and petrochemical industries. Eagleton Engineering services cover the full life cycle of project planning and delivery, from conceptual studies and design to full turnkey engineering, procurement and construction solutions and operational support. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-28 |
Liquid Gas Equipment
Edinburgh, United Kingdom LGE, designs and builds plants for the processing, storage and handling of liquid gases and is a market leader in the supply of these solutions to the marine and onshore liquid gas sectors. |
Buy | £23M |
