M&A Deal Summary

Berkshire Partners and GI Partners Acquires Access Information Management Shared Services

On October 21, 2014, private equity firms Berkshire Partners and GI Partners acquired business services company Access Information Management Shared Services LLC from Summit Partners

Acquisition Highlights
  • This is Berkshire Partners’ 6th and GI Partners’ 2nd transaction in the Business Services sector.
  • This is Berkshire Partners’ 57th and GI Partners’ 21st transaction in the United States.
  • This is Berkshire Partners’ 9th and GI Partners’ 7th transaction in California.

M&A Deal Summary

Date 2014-10-21
Target Access Information Management Shared Services LLC
Sector Business Services
Buyer(s) Berkshire Partners
GI Partners
Sellers(s) Summit Partners
Deal Type Recapitalization
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Weil Gotshal & Manges LLP (Legal)

Target

Access Information Management Shared Services LLC

Livermore, California, United States
website
Access Information Management Shared Services LLC is a privately-held records and information management (RIM) services provider in the United States. Access' complete suite of services includes records storage and document management in both hardcopy and digital formats, data protection (electronic computer media), secure destruction, digital document conversion and breach reporting services.

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Buyer(S) 2

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $50 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 64 of 85
Sector (Business Services) 6 of 7
Type (Recapitalization) 20 of 24
State (California) 9 of 10
Country (United States) 57 of 76
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Grocery Outlet Holding Corp.

Emeryville, California, United States

Grocery Outlet is a value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 350 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada. Grocery Outlet stores carry an ever-changing assortment of “WOW!” deals, complemented by everyday staple products. Grocery Outlet was founded in 1946 and is based in Emeryville, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 PT Sarana Menara Nusantara Tbk

Jakarta, Indonesia

Protelindo is an owner and operator of wireless infrastructure in Indonesia. Established in 2003 and headquartered in Jakarta, Protelindo owns and operates over 16,000 towers with over 27,000 tenants.

Buy -
Buyer

GI Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 16.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

GI Partners (Global Innovation Partners) is a private equity firm focused on control oriented investments in asset-backed businesses and properties located throughout North America and Western Europe. GI looks to invest up to $500 million in companies generating predictable, recurring cash flows; underperforming businesses with intrinsic value; and direct asset investments with operational complexity. Sectors of interest include energy, education, healthcare services, leisure, retail, logistics, media, entertainment, financial services, technology, and telecommunications. GI Partners was formed in 2001 and has offices in San Francisco, Greenwich, and Chicago.


DEAL STATS #
Overall 29 of 52
Sector (Business Services) 2 of 2
Type (Recapitalization) 2 of 5
State (California) 7 of 10
Country (United States) 21 of 41
Year (2014) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 Vast Broadband

Sioux Falls, South Dakota, United States

Vast Broadband is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Vast Broadband was founded in 2014 and is based in Sioux Falls, South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 Logibec, Inc.

Montreal, Quebec, Canada

Logibec, Inc. deploys information systems that span the clinical, operational, and business needs of complex healthcare organizations. Logibec was founded in 1982 and is based in Montreal, Quebec.

Buy -

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 19.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private equity and venture capital firm with offices in Boston, Palo Alto, and London. Summit looks for businesses operating in growth industries. 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.


DEAL STATS #
Overall 185 of 262
Sector (Business Services) 18 of 19
Type (Recapitalization) 2 of 4
State (California) 51 of 61
Country (United States) 175 of 231
Year (2014) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Answers Corp.

New York, New York, United States

Answers Corp. is an operator of online Q&A site that is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. Answers was founded in 1999 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-22 Telerik AD

Sofia, Bulgaria

Telerik sells a series of software development and reporting tools used to create web and desktop applications on the Microsoft .Net framework, and Sitefinity - a web content management software platform.

Sell $263M