M&A Deal Summary
|Target||Authentic Brands Group|
|Buyer(s)||CVC Capital Partners|
Leonard Green & Partners
|Deal Type||Secondary Buyout|
|Deal Value||12.7B USD|
|Advisor(s)||Bank of America Merrill Lynch (BofA Securities)
Goldman Sachs Investment Banking Division (Financial)
Latham & Watkins (Legal)
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CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €250 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.
|Overall||284 of 293|
|Sector (Consumer Products)||14 of 15|
|Type (Secondary Buyout)||68 of 71|
|State (New York)||7 of 7|
|Country (United States)||38 of 38|
|Year (2021)||23 of 25|
|Size (of disclosed)||1 of 55|
ekaterra runs a tea business with world-class purpose-driven brands such as Lipton, PG tips, T2, TAZO, and Pukka. The company picks, cultivates, and nurtures various blends of brews and people. With 11 production factories in 4 continents and tea estates in 3 countries, ekaterra is a profitable and growing business offering a world of wellbeing through the regenerative power of plants to hundreds of millions of consumers. ekaterra was formed in 2021 and is based in Rotterdam, Netherlands.
Etraveli is a global technology provider for flights focused on offering the best possible flight content delivered through flexible tech solutions to the consumer and any company facing the consumer. Through its own consumer brands like Gotogate, Mytrip, Flightnetwork and through global partnerships with the likes of Google Flights, Skyscanner, Kayak, Booking.com and others the company provides search, book and fulfilment services of flights and related products. Etraveli was formed in 2000 and is based in Uppsala, Sweden.
General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest €40 to €400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.
|Overall||116 of 117|
|Sector (Consumer Products)||2 of 2|
|Type (Secondary Buyout)||24 of 24|
|State (New York)||10 of 10|
|Country (United States)||64 of 64|
|Year (2021)||9 of 9|
|Size (of disclosed)||1 of 34|
AnyDesk is a provider of remote desktop software. The Stuttgart-based company enables users a secure way to remotely access one device to another, with all common operating systems and from cell phones to mainframes. AnyDesk was launched in 2014 and is based in Stuttgart, Germany.
San Francisco, California, United States
Incode is an identity company that is reinventing the way humans verify their identity and interact with the world’s largest companies with a highly secure and delightful AI-based experience. Incode’s end-to-end fully automated orchestration platform enables seamless access across multiple channels with products focused on onboarding, authentication, and payment verification that increase conversion and reduce fraud. Incode is based in San Francisco with offices in Europe and Latin America.
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
|Overall||49 of 49|
|Sector (Consumer Products)||2 of 2|
|Type (Secondary Buyout)||17 of 17|
|State (New York)||6 of 6|
|Country (United States)||47 of 47|
|Year (2021)||8 of 8|
|Size (of disclosed)||1 of 13|
Boca Raton, Florida, United States
MDVIP is a personalized healthcare program that empowers people to reach their health and wellness goals through in-depth knowledge, expertise, and one-on-one coaching with an affiliated primary care doctor. The company's model was created with the hope and vision of bringing more life to more lives both young and old by putting impersonal healthcare practices and tactics aside and embracing a new way of healing. MDVIP was formed in 2000 and is based in Boca Raton, Florida.
Plano, Texas, United States
Velvet Taco is a restaurant concept set out to elevate through globally-inspired recipes and the freshest ingredients. The acclaimed restaurant provides a broad sampling of international tastes and inventive combinations, delivering flavors that are as memorable as they are delicious. Formed in 2011, Velvet Taco has almost 30 locations in Texas, North Carolina, Georgia, Illinois, Tennessee, and Oklahoma.
Lion Capital LLP is a specialist private equity firm focused on consumer-oriented opportunities throughout Europe and North America. Specific areas of interest include apparel, accessories, luxury goods, food, and specialty retail. Lion Capital LLP was formed in 2004 and is based in London. The Firm has an additional office in New York City.
|Overall||24 of 24|
|Sector (Consumer Products)||5 of 5|
|Type (Secondary Buyout)||7 of 7|
|State (New York)||3 of 3|
|Country (United States)||8 of 8|
|Year (2021)||3 of 3|
|Size (of disclosed)||1 of 11|
Global Franchise Group
Atlanta, Georgia, United States
Global Franchise Group is a strategic brand management company that currently owns and manages a portfolio of franchised brands in the quick service restaurant industry and the retail footwear and accessories industry. Global Franchise Group was founded in 2010 and is based in Atlanta, Georgia.