M&A Deal Summary

KKR, Beecken Petty O Keefe & Company and Welltower Acquire Sunrise Senior Living

On September 14, 2012, private equity firm KKR, private equity firm Beecken Petty O Keefe & Company and Welltower acquired consumer services company Sunrise Senior Living for 845M USD

Acquisition Highlights
  • This is KKR’s 2nd, Beecken Petty O Keefe & Company’s 1st and Welltower’s 1st transaction in the Consumer Services sector.
  • This is KKR’s 72nd, Beecken Petty O Keefe & Company’s and Welltower’s 3rd largest (disclosed) transaction.
  • This is KKR’s 54th, Beecken Petty O Keefe & Company’s 18th and Welltower’s 4th transaction in the United States.
  • This is KKR’s 2nd, Beecken Petty O Keefe & Company’s 1st and Welltower’s 1st transaction in Virginia.
Investment Fate
  • Sunrise Senior Living was sold to a publicly-traded strategic buyer in 2014.

M&A Deal Summary

Date 2012-09-14
Target Sunrise Senior Living
Sector Consumer Services
Buyer(s) KKR
Beecken Petty O Keefe & Company
Welltower
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 845M USD

Target

Sunrise Senior Living

McLean, Virginia, United States
website
Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services.

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Buyer(S) 3

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 115 of 428
Sector (Consumer Services) 2 of 7
Type (Buyout (LBO, MBO, MBI)) 29 of 58
State (Virginia) 2 of 4
Country (United States) 54 of 189
Year (2012) 9 of 11
Size (of disclosed) 72 of 94
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-27 Unisteel Technology Sdn. Bhd.

Nusajaya, Malaysia

Unisteel Technology ( M ) Sdn. Bhd. is a precision engineering solutions provider with multi-disciplinary competencies in the areas of fastening systems, stamped, cold forged, and machined metal components, plastics optics, and surface treatment technology. Unisteel serves a diverse range of customers in the hard disk drive, mobile telecommunications, consumer electronics, industrial, and automotive sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 Acteon

Norwich, United Kingdom

Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom.

Buy -
Buyer

Beecken Petty O Keefe & Company

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Beecken Petty O'Keefe & Company (BPOC) is a specialist private equity firm that targets investments in middle-market healthcare companies. Specific areas of interest within healthcare include, specialty distribution; provider and payor outsourcing; pharmacy, infusion, and home healthcare; outpatient an alternate site services; and medical products manufacturing with a focus on capital equipment. The Firm focuses on recapitalizations, buyouts, and growth capital investments. BPOC was formed in 1996 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 38
Sector (Consumer Services) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 14
State (Virginia) 1 of 2
Country (United States) 18 of 37
Year (2012) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-17 TIDI

Neenah, Wisconsin, United States

TIDI is a manufacturer, marketer, and distributor of a diversified portfolio of medical products focused on supporting caregivers and protecting patients. Based in Neenah, WI, the Company's broad product set is designed to help customers prevent "Never Events" (medical errors that should never occur), reduce costs, increase efficiencies, and drive better patient outcomes. TIDI Products was founded in 1969 and is based in Neenah, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 Southern Anesthesia and Surgical

West Columbia, South Carolina, United States

Southern Anesthesia and Surgical, Inc. is a national distributor of pharmaceuticals and surgical supplies to oral health professionals who provide sedation related dental and surgical procedures.

Buy -
Buyer

Welltower

Toledo, Ohio, United States

website


Category Company
Founded 1970
Sector Real Estate
Employees423
Revenue 4.6B USD (2020)
DESCRIPTION
Entrance to Welltower's corporate headquarters in Toledo, Ohio.
Entrance to Welltower's corporate headquarters in Toledo, Ohio.

Welltower is a real estate investment trust (REIT). The Company's portfolio ranges from healthcare real estate to senior housing communities, nursing/post-acute facilities, and medical office buildings. Welltower was established in 1970 and is based in Toledo, Ohio.


DEAL STATS #
Overall 4 of 8
Sector (Consumer Services) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Virginia) 1 of 2
Country (United States) 4 of 6
Year (2012) 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-21 6 Senior Housing Communities

Texas, United States

6 Senior Housing Communities comprises 6 continuing care retirement communities that consists of 1,265 beds.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-21 Sunrise Senior Living

McLean, Virginia, United States

Sunrise Senior Living, Inc. offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative services.

Sell -