M&A Deal Summary

Gemini Investors and Hicks Holdings Acquire Just Brakes

On December 12, 2013, private equity firm Gemini Investors and Hicks Holdings acquired automotive company Just Brakes

Acquisition Highlights
  • This is Gemini Investors’ 2nd and Hicks Holdings’ 1st transaction in the Automotive sector.
  • This is Gemini Investors’ 53rd and Hicks Holdings’ 9th transaction in the United States.
  • This is Gemini Investors’ 2nd and Hicks Holdings’ 7th transaction in Texas.
Investment Fate
  • Just Brakes was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2013-12-12
Target Just Brakes
Sector Automotive
Buyer(s) Gemini Investors
Hicks Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Just Brakes

Dallas, Texas, United States
website
Just Brakes is a retail provider of automotive brake and maintenance services.

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Buyer(S) 2

Buyer

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 53 of 87
Sector (Automotive) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 23 of 35
State (Texas) 2 of 6
Country (United States) 53 of 87
Year (2013) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-01 TJ Hale

Menomonee Falls, Wisconsin, United States

TJ Hale is a provider of retail store fixtures and services to a number of leading US retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Candescent Healing

Tarrytown, New York, United States

Developer and operator of comprehensive wound care and hyperbaric oxygen therapy facilities within hospitals.

Sell -
Buyer

Hicks Holdings

Dallas, Texas, United States

website


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Hicks Holdings is the family office that owns and operates the Hicks Family Assets. Hicks Holdings consists of Hicks Sports Group, Hicks Equity Partners, Hicks Real Estate Partners, and Hicks Trans American Partners. Hicks Equity Partners (HEP) is the private equity unit and generally seeks investment opportunities in media, branded foods, consumer products, energy, and industrials. HEP looks for established companies with strong cash flows and proven track records. Typical transactions include divestitures, acquisitions of private or public companies, growth financings, and distressed/special situations. Hicks Equity Partners along with the rest of Hicks Holdings is located in Dallas, Texas.


DEAL STATS #
Overall 11 of 11
Sector (Automotive) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 7
State (Texas) 7 of 7
Country (United States) 9 of 9
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 H-D Advanced Manufacturing

Houston, Texas, United States

H-D Advanced Manufacturing is a manufacturer of precision-engineered products for mission-critical applications serving a variety of demanding end markets including aerospace & defense, oil & gas, industrial gearing and motion control, and more. H-D Advanced Manufacturing was formed in 2012 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-23 Just Brakes

Dallas, Texas, United States

Just Brakes is a retail provider of automotive brake and maintenance services.

Sell -