Anchorage Capital Partners Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Anchorage Capital Partners has acquired 3 companies.

Anchorage Capital Partners’ most common sectors for investment are retail (24%) and business services (12%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (30%) and divestiture (30%). In total, Anchorage Capital Partners has invested in 3 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2015 when it acquired Affinity Education Group for $212M.

The Firm’s most common exit type is trade sale (40%). Anchorage Capital Partners’ largest (disclosed) exit occurred in 2008 when it sold Golden Circle for $288M.

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M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity17
    • M&A Sell Activity5
  • Total Sectors Invested 12
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 9
  • M&A Advisors 3

Anchorage Capital Partners

Level 39, 259 George Street,
Sydney, 2000
Australia,
+61 2 8259 7777
www.anchoragecapital.com.au
anchorage@anchoragecapital.com.au

Anchorage Capital Partners is a specialized private equity firm that focuses on control investments in established businesses with a strong market position or brand which are not performing at their full potential, often as a result of capital constraints, lack of management attention or being a non-core ‘orphan’ in a large corporate. Target companies generally have at least A$100 million of revenue and are valued up to A$250 million. Anchorage will consider companies in a variety of sectors, however, the Firm avoids investing in technology, direct real estate or mineral exploration. The Firm will consider opportunities throughout Australia, New Zealand, and Southeast Asia. Anchorage Capital Partners was established in 2008 and is based in Sydney.


Investment Criteria

Sectors of Interest: Beverages, Construction, Consumer Products, Electronics, Metals/Mining, Plastics, Restaurants

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Special Situations/Distressed, Stake Purchase

Geographic Preferences: Asia/Pacific, Australia/New Zealand

Transaction Criteria Min Max
Target Revenue 100 -
Target EBITDA - -
Investment Size - -
Enterprise Value 25 250
values in millions of AUD

M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 14 - 2 1 - - 17
vol $241M $241M
Sell (0.2/yr) # 4 1 - - - - 5
vol $415M $415M
  22

Most Recent M&A

Company Date Value Type
South Pacific Laundry 2018-09-27 - Buyout (LBO, MBO, MBI)
Broadmeadows, Australia · www.southpacificlaundry.com.au
Contract Resources Ltd. 2017-11-30 - Divestiture
East Tamaki, New Zealand · www.contractresources.com
TJS Services Group 2017-09-01 - Buyout (LBO, MBO, MBI)
Sydney, Australia · www.tjsservices.com.au
Hampton Roads Bankshares, Inc. 2016-02-10 - Merger
Virginia Beach, Virginia · www.bankofhamptonroads.com
Affinity Education Group Ltd. 2015-09-15 212M USD Going Private
Brisbane, United Kingdom · www.affinityeducation.com.au
Mark Group Australia Pty Ltd. 2015-04-01 - Buyout (LBO, MBO, MBI)
Macquarie Park, Australia · www.markgroup.com.au
Shoes & Sox Pty Ltd 2015-03-31 - Buyout (LBO, MBO, MBI)
Lane Cove, Australia · www.shoesandsox.com.au
Brand Collective Pty Ltd 2014-11-18 - Divestiture
Melbourne, Australia · www.brandcollective.com.au
First Engineering Ltd. 2014-11-12 - Add-on Acquisition
Singapore, Singapore · www.first-engr.com.sg
Total Eden Pty Ltd. 2014-02-28 - Divestiture
Airport West, Australia · www.totaleden.com.au
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Mark Group Australia Pty Ltd. 2015-04-01 Solgen Energy Group 2015-12-07 1
Macquarie Park, Australia · www.markgroup.com.au Leonards, Australia · www.solgen.com.au
Contech Engineered Solutions, Inc 2012-02-08 Filterra Bioretention Systems 2014-09-04 4
West Chester, Ohio · www.conteches.com Ashland, Virginia · www.filterra.com
Contech Engineered Solutions, Inc 2012-02-08 Midwestern Culvert Ltd. 2013-12-30 3
West Chester, Ohio · www.conteches.com Ankeny, Iowa
Contech Engineered Solutions, Inc 2012-02-08 Imbrium Systems, Inc. 2013-05-01 2
West Chester, Ohio · www.conteches.com Toronto, Ontario · www.imbriumsystems.com
Contech Engineered Solutions, Inc 2012-02-08 Kahn Culvert, Inc. 2012-11-28 1
West Chester, Ohio · www.conteches.com Paola, Kansas

M&A by Sector

Sector Current # Value All-time # Value
Retail 3 (25%) - 4 (24%) -
Business Services 2 (17%) - 2 (12%) -
Financial Services 1 (8%) - 2 (12%) -
Education 1 (8%) 212M (100%) 1 (6%) 212M (88%)
Restaurants - - 1 (6%) 29M (12%)
Building Materials 1 (8%) - 1 (6%) -
Consumer Products - - 1 (6%) -
Consumer Services 1 (8%) - 1 (6%) -
Energy Services and Equipment 1 (8%) - 1 (6%) -
Engineering 1 (8%) - 1 (6%) -
Manufacturing 1 (8%) - 1 (6%) -
Plastics - - 1 (6%) -
Total 12 $212M 17 $241M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Australia 8 (67%) - 10 (59%) -
United States 2 (17%) - 3 (18%) -
  Ohio 1 (8%) - 1 (6%) -
  Hawaii 1 (8%) - 1 (6%) -
  Virginia - - 1 (6%) -
New Zealand 1 (8%) - 2 (12%) 29M (12%)
United Kingdom 1 (8%) 212M (100%) 1 (6%) 212M (88%)
Singapore - - 1 (6%) -
Domestic 8 (67%) - 10 (59%) -
Cross-border 4 (33%) 212M (100%) 7 (41%) 241M (100%)
Total 12 $212M 17 $241M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 4 (33%) - 5 (29%) 29M (12%)
Buyout (LBO, MBO, MBI) 5 (42%) - 5 (29%) -
PIPE 1 (8%) - 2 (12%) -
Stake Purchase - - 2 (12%) -
Going Private 1 (8%) 212M (100%) 1 (6%) 212M (88%)
Recapitalization 1 (8%) - 1 (6%) -
Secondary Buyout - - 1 (6%) -
Total 12 $212M 17 $241M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 2 (40%) 288M (69%)
Secondary Sale 1 (20%) 127M (31%)
Divestiture 1 (20%) -
Merger 1 (20%) -
Total 5 $415M

Top M&A Advisors

Financial Deals
Rippledot Capital Advisers Pte. Ltd.
1
Legal Deals
Milbank, Tweed, Hadley & McCloy LLP
1
Minter Ellison
1

Deal Values

buy # Total
$100M to $1B 1 $212M
< $100M 1 $29M
TOTAL $241M
Largest Affinity Education Group Ltd.
$212M (2015-09-15)
sell # Total
$100M to $1B 2 $415M
TOTAL $415M
Largest Golden Circle Ltd.
$288M (2008-12-01)

M&A Connections

Deals %
Acquired from
PE Firm(s)
43%
3 43%
Strategic(s)
57%
4 57%
Exited to
PE Firm(s)
20%
1 20%
Strategic(s)
80%
4 80%