M&A Deal Summary |
|
|---|---|
| Date | 2002-07-01 |
| Target | VeriFone |
| Sector | Information Technology |
| Buyer(s) |
Crescent Capital Group
GTCR |
| Sellers(s) |
The Gores Group
Advent International |
| Deal Type | Secondary Buyout |
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| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 19 of 67 |
| Sector (Information Technology) | 1 of 5 |
| Type (Secondary Buyout) | 3 of 25 |
| State (New York) | 3 of 4 |
| Country (United States) | 19 of 54 |
| Year (2002) | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-02-01 |
Sweetheart Cup
Owings Mills, Maryland, United States Sweetheart Cup is a manufacturer and supplier of single-service foodservice and beverage-related products in paper, plastic, and foam. Sweetheart has three separate business units: Foodservice, Packaging, and Consumer. Foodservice provides products to independent and large national chain restaurants, schools, business and industry foodservice locations, hospitals, lodging, and recreation facilities. Packaging offers a variety of paper and plastic containers for cultured and dairy products. Consumer products, packaged in retail packs, are marketed for at-home consumption in both Sweetheart and private-label brands sold by leading retailers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-08-03 |
Coral Group Holdings .
London, United Kingdom Coral Eurobet is a provider of off-track betting services in the UK. |
Buy | £860M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 144 |
| Sector (Information Technology) | 5 of 14 |
| Type (Secondary Buyout) | 2 of 34 |
| State (New York) | 3 of 13 |
| Country (United States) | 26 of 139 |
| Year (2002) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-04-18 |
Ovation Pharmaceuticals
Deerfield, Illinois, United States Ovation Pharmaceuticals is a specialty pharmaceutical company focused on acquiring underpromoted branded pharmaceutical products and promising late-stage development products. Ovation increases the sales of its acquired products through the implementation of active selling efforts, creative marketing programs, and through product life cycle activities that are focused on developing new formulations, new indications, and other product improvements. Ovation is led by CEO Jeff Aronin and Executive Chairman Bill Gantz. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-09-10 |
Skylight Financial
Atlanta, Georgia, United States Skylight Financial, Inc. is a leading provider of checkless bank accounts and payroll cards to individuals who do not have traditional banking accounts. There are tens of millions of these unbanked or underbanked individuals in the United States, many of whom may never have had a bank account, or may have been underserved or rejected by the traditional banking system. Skylight Financial is headquartered in Atlanta, Georgia, and is led by O.G. Greene. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 66 |
| Sector (Information Technology) | 3 of 12 |
| Type (Secondary Buyout) | 1 of 15 |
| State (New York) | 1 of 4 |
| Country (United States) | 6 of 52 |
| Year (2002) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-03-27 |
Intelliverse
Atlanta, Georgia, United States Intelliverse was formed as a result of combining Voicecom Telecommunications, LLC founded in 1986 , a 20-year veteran of the telecommunications industry providing call answering solutions for the business-to-business market and iNuntius, Inc., a VoIP pioneer with nine years of development in SIP-based VoIP and Unified Communications Solutions. Intelliverse has solid technology foundations in VoIP, IVR, and messaging, allowing it to become a leading provider of communications services for the Enterprise, wholesale and Small & Medium Business market sectors. The company’s solutions are designed to meet a diversity of needs including automated self-service & customer care, interpersonal messaging, and large-variety of industries. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-07-08 |
JAMIS Software Corp
San Diego, California, United States JAMIS Software Corporation is dedicated to serving U.S. government contractors, providing a comprehensive set of time and expense, project accounting, and back office financial solutions that is Defense Contract Audit Agency (DCAA) compliant in accordance with US government regulations. JAMIS Software's primary customers are service-based government contractors, research institutes, and the government services divisions of large consulting organizations. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 76.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 222 |
| Sector (Information Technology) | 4 of 14 |
| Type (Secondary Buyout) | 5 of 58 |
| State (New York) | 3 of 7 |
| Country (United States) | 22 of 79 |
| Year (2002) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-06-03 |
VIATRIS KG
Bad Homburg, Germany VIATRIS develops, manufactures and distributes branded pharmaceuticals and licenses in products from other major pharmaceuticals businesses. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-07-11 |
Kirkland s
Brentwood, Tennessee, United States Kirkland's is a retailer of home décor and gifts. Kirkland's was founded in 1966 and is based in Brentwood, Tennessee. |
Sell | - |
