M&A Deal Summary

Ares Private Equity Group Acquires SVP Worldwide

On January 1, 2018, private equity firm Ares Private Equity Group acquired consumer products company SVP Worldwide from Kohlberg & Company and BlackRock Capital Investment

Acquisition Highlights
  • This is Ares Private Equity Group’s 8th transaction in the Consumer Products sector.
  • This is Ares Private Equity Group’s 59th transaction in the United States.
  • This is Ares Private Equity Group’s 1st transaction in Tennessee.
Investment Fate
  • SVP Worldwide was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2018-01-01
Target SVP Worldwide
Sector Consumer Products
Buyer(s) Ares Private Equity Group
Sellers(s) Kohlberg & Company
BlackRock Capital Investment
Deal Type Secondary Buyout

Target

SVP Worldwide

LaVergne, Tennessee, United States
website
SVP Worldwide is a consumer sewing machine company with market shares across all industry price points. SVP unites three of the industry's most widely recognized brands, Singer, Husqvarna Viking, and Pfaff, that successfully target distinct market segments. SVP and it's legacy companies, Singer Worldwide was formed in 1851 and is based in LaVergne, Tennessee.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 68 of 96
Sector (Consumer Products) 8 of 8
Type (Secondary Buyout) 27 of 38
State (Tennessee) 1 of 2
Country (United States) 59 of 82
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 LaserAway

Los Angeles, California, United States

LaserAway is an aesthetic dermatology company offering customized procedures tailored to customers' individual needs. It has 74 locations across the country and specializes in a full suite of aesthetic treatments including laser hair removal, laser tattoo removal, laser skin rejuvenation, body contouring, skin tightening, injectables, and skincare products. LaserAway was formed in 2006 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-02 Convergint

Schaumburg, Illinois, United States

Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois.

Buy -

Seller(S) 2

SELLER

Kohlberg & Company

Mount Kisco, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kohlberg & Company is a private equity firm which acquires middle-market companies with consistent cash flow, and underperforming companies with operational deficiencies. Kohlberg looks to commit $100 to $500 million of equity capital in opportunities valued from $200 million to $2 billion. Kohlberg generally looks for opportunities in the manufacturing and service sectors, however the Firm will also selectively consider businesses in food and healthcare. Kohlberg tends not to consider technology or communications companies. Kohlberg & Company was formed in 1987 and has offices in Mt. Kisco, New York.

DEAL STATS #
Overall 37 of 47
Sector (Consumer Products) 5 of 5
Type (Secondary Buyout) 14 of 19
State (Tennessee) 3 of 5
Country (United States) 36 of 46
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 Troon Golf

Scottsdale, Arizona, United States

Troon is a golf and club-related leisure and hospitality services company, providing a variety of services at 620-plus locations around the globe, including managing 640-plus 18-hole equivalent golf courses. Troon was founded in 1990 and is based in Scottsdale, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-11 e+CancerCare

Nashville, Tennessee, United States

e+CancerCare is an operator of outpatient cancer care centers in the nation driven by its mission of partnering with communities to fight cancer. e+CancerCare core focus includes building a best-in-class network of cancer care facilities through partner acquisition, service-line conversion, and de novo development. e+CancerCare offer physicians and hospitals the financial and operational support they need so they can focus on delivering the highest quality care close to home. e+CancerCare creates environments for patients that meet their physical, emotional and mental health needs.

Sell -
SELLER

BlackRock Capital Investment

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Business Development Company
Founded 2005
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.

DEAL STATS #
Overall 16 of 22
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 8 of 11
State (Tennessee) 2 of 2
Country (United States) 16 of 21
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-19 Belron

Surrey, United Kingdom

Belron is a provider of glass repair and replacement, trading under more than 10 major brands including Carglass, Safelite AutoGlass, and Autoglass. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles and homes. Belron is based in Surrey, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 LegalShield

Ada, Oklahoma, United States

LegalShield is a provider of legal plans and identity theft solutions to families and small businesses across the US and Canada. LegalShield was founded in 1972 and is based in Ada, Oklahoma.

Sell -
Mergr

Product

Company

Legal