M&A Deal Summary |
|
|---|---|
| Date | 2014-04-15 |
| Target | Progressive Finance Holdings |
| Sector | Financial Services |
| Buyer(s) | Aaron s |
| Sellers(s) | Summit Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 700M USD |
| Advisor(s) | BMO Capital Markets Wunderlich Securities, Inc. (Financial) Kirkland & Ellis (Legal) |
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Aaron’s, Inc. engages in lease ownership and specialty retailing of residential furniture, consumer electronics, home appliances and accessories. Aaron's has more than 2,130 Company-operated and franchised stores in 48 states and Canada. Aaron's was formed in 1955 and is based in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector (Financial Services) | 1 of 1 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (Utah) | 1 of 1 |
| Country (United States) | 6 of 7 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-31 |
Buzz s operated stores
Texas, United States Buzz's operated stores,engages in the retail of furniture and appliances. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-22 |
HomeSmart
United States HomeSmart offers home furniture including sofas, chairs, dining tables, as well as electronics, and appliances. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 177 of 281 |
| Sector (Financial Services) | 4 of 8 |
| Type (Add-on Acquisition) | 83 of 126 |
| State (Utah) | 3 of 3 |
| Country (United States) | 167 of 243 |
| Year (2014) | 3 of 11 |
| Size (of disclosed) | 11 of 49 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-08 |
NetBrain
Burlington, Massachusetts, United States NetBrain is a provider of the first map-driven network automation solution. Hundreds of enterprises rely on NetBrain’s unique map-driven automation software to accelerate troubleshooting and prevent network outages. Netbrain was founded in 2004 and is based in Burlington, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-22 |
WellCentive
Roswell, Georgia, United States WellCentive, Inc. is a provider of healthcare intelligence solutions to healthcare organizations in the United States. It offers Advance Outcomes Manager, which collects, analyzes, and reports on administrative and clinical data. |
Buy | - |
