M&A Deal Summary

aPriori Capital Partners, HarbourVest Partners, Madison Dearborn Partners and Ridgemont Equity Partners Acquire Nuveen Investments

On June 20, 2007, private equity firms aPriori Capital Partners, HarbourVest Partners, Madison Dearborn Partners and Ridgemont Equity Partners acquired financial services company Nuveen Investments for 5.8B USD

Acquisition Highlights
  • This is aPriori Capital Partners’ 5th, HarbourVest Partners’ 3rd, Madison Dearborn Partners’ 4th and Ridgemont Equity Partners’ 3rd transaction in the Financial Services sector.
  • This is aPriori Capital Partners’ , HarbourVest Partners’ 10th, Madison Dearborn Partners’ 3rd and Ridgemont Equity Partners’ 4th largest (disclosed) transaction.
  • This is aPriori Capital Partners’ 33rd, HarbourVest Partners’ 32nd, Madison Dearborn Partners’ 37th and Ridgemont Equity Partners’ 59th transaction in the United States.
  • This is aPriori Capital Partners’ 1st, HarbourVest Partners’ 2nd, Madison Dearborn Partners’ 5th and Ridgemont Equity Partners’ 3rd transaction in Illinois.
Investment Fate
  • Nuveen Investments was sold to a strategic buyer in 2014 for 6.3B USD.

M&A Deal Summary

Date 2007-06-20
Target Nuveen Investments
Sector Financial Services
Buyer(s) aPriori Capital Partners
HarbourVest Partners
Madison Dearborn Partners
Ridgemont Equity Partners
Deal Type Going Private
Deal Value 5.8B USD
Advisor(s) Goldman Sachs Investment Banking Division (Financial)
Cravath, Swaine & Moore LLP
Winston & Strawn LLP
Katten Muchin Rosenman LLP (Legal)

Target

Nuveen Investments

Chicago, Illinois, United States
website
Nuveen Investments LLC provides high-quality investment services designed for institutions and high-net-worth investors as well as the consultants and financial advisors who serve them.

Search 175,694 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 4

Buyer

aPriori Capital Partners

Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 46 of 55
Sector (Financial Services) 5 of 6
Type (Going Private) 5 of 6
State (Illinois) 1 of 2
Country (United States) 33 of 40
Year (2007) 2 of 4
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Laramie Energy II

Denver, Colorado, United States

Laramie Energy II is focused on developing unconventional oil and natural gas reserves in the Piceance Basin in Western Colorado. Laramie Energy II was founded in 2007 and is based in Denver, Colorado.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-17 Deffenbaugh Industries

Kansas City, Kansas, United States

Deffenbaugh Industries, Inc. is a refuse company. Deffenbaugh services include commercial, industrial and residential waste disposal and recycling, construction waste services and portable toilet services.

Buy -
Buyer

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 54 of 222
Sector (Financial Services) 3 of 15
Type (Going Private) 8 of 27
State (Illinois) 2 of 5
Country (United States) 32 of 131
Year (2007) 10 of 18
Size (of disclosed) 10 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-07 Einstruction

Denton, Texas, United States

Einstruction Corp. is a provider of interactive classroom technology (ICT) and content-based assessment software to the K-12, higher education, corporate and military markets worldwide. eInstruction’s comprehensive suite of products provide an interactive learning environment designed to improve student academic performance, increase efficiency and effectiveness of educators and provide greater information for use by instructors, administrators and parents. Einstruction is based in Denton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-01 Schoeller Arca Systems Services

Zwolle, Netherlands

Schoeller Arca Systems is the manufacturer of plastic returnable packaging for material handling. Schoeller Arca Systems Services was founded in 1999 and is based in Zwolle, Netherlands.

Sell €428M
Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 23.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 40 of 90
Sector (Financial Services) 4 of 6
Type (Going Private) 3 of 8
State (Illinois) 5 of 12
Country (United States) 37 of 76
Year (2007) 4 of 6
Size (of disclosed) 3 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-29 CDW

Vernon Hills, Illinois, United States

CDW is a direct marketer of multi-branded information technology products and services to small and medium sized businesses, government, healthcare and education customers in the United States and Canada. CDW was incorporated in 1984 and is based in Vernon Hills, Illinois.

Buy $7.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-14 CapitalSource

Chevy Chase, Maryland, United States

CapitalSource, Inc. is a commercial finance company specialized in to the healthcare, re-discount, finance, real estate, and corporate finance sectors. By combining a broad array of financial products, a large and permanent balance sheet, an execution-focused business model and a commitment to rigorous and thoughtful research and analysis, CapitalSource delivers unique and valuable financial solutions to small to mid-size businesses seeking to grow.

Buy -
Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 6.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $250 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 69 of 129
Sector (Financial Services) 3 of 3
Type (Going Private) 9 of 9
State (Illinois) 3 of 6
Country (United States) 59 of 115
Year (2007) 6 of 6
Size (of disclosed) 4 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-04 Pathfire

Irving, Texas, United States

Pathfire, Inc. operates in the emerging market for digitizing, distributing, and managing various types of media and entertainment content through a proprietary digital network linking the owners and producers of various types of content with the consumer of that content.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 Validus Holdings

Pembroke, Bermuda

Validus Holdings Ltd. is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. and Talbot Holdings Ltd. Validus Re is a Bermuda based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Validus Holdings was founded in 2005 and is based in Pembroke, Bermuda.

Sell -