M&A Deal Summary |
|
|---|---|
| Date | 2015-07-20 |
| Target | First Eagle Investment Management |
| Sector | Financial Services |
| Buyer(s) |
The Blackstone Group
Corsair Capital Sofina |
| Sellers(s) | TA Associates |
| Deal Type | Secondary Buyout |
| Deal Value | 4.0B USD |
| Advisor(s) | BofA Securities (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 191 of 319 |
| Sector (Financial Services) | 10 of 16 |
| Type (Secondary Buyout) | 28 of 72 |
| State (New York) | 15 of 21 |
| Country (United States) | 121 of 201 |
| Year (2015) | 7 of 18 |
| Size (of disclosed) | 33 of 167 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-30 |
AlliedBarton Security Services
Conshohocken, Pennsylvania, United States AlliedBarton Security Services LLC is a provider of superior security officer services to protect people, homes and businesses. AlliedBarton tailors security programs to meet clients’ needs with committed professionals who enhance clients’ brands. The most honored security services provider, AlliedBarton consistently delivers exceptional service which creates a differentiated experience for clients and the people they serve. More than 60,000 employees and 120 offices serve thousands of clients with levels of protection that anticipate needs and build enduring relationships. |
Sell | $1.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-25 |
Groupe Vitalia
Paris, France Groupe Vitalia is a private hospital group which operates 41 establishments around France. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| Size | Large |
| Type | Sector Focused |
Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 26 |
| Sector (Financial Services) | 7 of 10 |
| Type (Secondary Buyout) | 2 of 7 |
| State (New York) | 1 of 1 |
| Country (United States) | 6 of 12 |
| Year (2015) | 1 of 2 |
| Size (of disclosed) | 1 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-16 |
SPARTA Insurance Holdings
Hartford, Connecticut, United States SPARTA Insurance Holdings, Inc. provides property and casualty insurance for specialty and alternative risk programs. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-11 |
Currencies Direct
London, United Kingdom Currencies Direct is a provider of foreign exchange (“FX”) and international payment solutions to private and corporate clients. The company enables its customers to perform FX transactions and transfers at highly competitive rates through its proprietary online platform, via email or by phone. Currencies Direct was established in 1995 and is based in London, England. |
Buy | £200M |
Sofina SA is a family controlled, publicly traded investment firm focused on making long-term, direct minority investments in leading companies, investing in third party growth and venture funds, and providing equity investments in fast growing companies. The Firm's direct investment group will consider opportunities throughout Europe where it can commit €100 to €300 million per transaction in companies valued up to €4.5 billion. Sofina SA dates back to 1898 and is headquartered in Brussels.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 31 |
| Sector (Financial Services) | 2 of 2 |
| Type (Secondary Buyout) | 1 of 3 |
| State (New York) | 1 of 1 |
| Country (United States) | 2 of 3 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-01 |
Merieux NutriSciences
Chicago, Illinois, United States Merieux NutriSciences is a provider of services to evaluate food safety, quality, and nutrition programs worldwide. Mérieux NutriSciences offers analysis and support services for the development of new products with the aim of preventing health risks related to food. Merieux NutriSciences was established in 1967 and is headquartered in Chicago, Illinois. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-01 |
ACT Fibernet
Bengaluru, India ACT Fibernet is one of the largest wired ISPs (Internet Service Providers) that has operations in 19 cities with more than 1.9 million customers. ACT Fibernet is known for its cutting-edge technology and high-speed broadband connectivity that the company provides to its customers. ACT Fibernet was founded in 2000 and is headquartered in Bengaluru, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 183 of 252 |
| Sector (Financial Services) | 24 of 31 |
| Type (Secondary Buyout) | 21 of 47 |
| State (New York) | 15 of 17 |
| Country (United States) | 164 of 206 |
| Year (2015) | 5 of 9 |
| Size (of disclosed) | 1 of 66 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-02 |
DNCA Finance
Paris, France DNCA Finance is a French asset management firm with €5 billion in funds under management. The company was founded in 2000 and offers clients a number of different fund products investing in France, the wider Eurozone and internationally. |
Sell | €549M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-04 |
CCRM Fertility
Louisville, Colorado, United States CCRM Fertility is an international network of in vitro fertilization (IVF) laboratories. CCRM’s mission is to bring together leaders in reproductive medicine to ensure birth rates that consistently exceed industry standards, provide excellence in patient care, and advance the future of IVF through research and development. CCRM Fertility was founded in 1987 and is based in Louisville, Colorado. |
Buy | - |
