Angelo Gordon s Private Equity Group Mergers and Acquisitions Summary

Private Equity Firm Profile

Angelo Gordon s Private Equity Group’s most common sectors for investment arefinancial services (28%) and restaurants (14%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (73%) and divestiture (14%). In total, Angelo Gordon s Private Equity Group has invested in 11 US states and 4 different countries. Its largest (disclosed) acquisition occurred in 2007 when it acquired Ocwen Structured Investments for $300M.

In the last 3 years, Angelo Gordon s Private Equity Group has exited 1 company. The Firm’s most common exit type is trade sale (54%). Angelo Gordon s Private Equity Group’s largest (disclosed) exit occurred in 2024 when it sold Benihana for $365M.

Join Mergr to view Angelo Gordon s Private Equity Group’s full profile and discover more large private equity firm investors just like it.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity22
    • M&A Sell Activity13
  • Total Sectors Invested 10
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 18
  • M&A Advisors 3

Angelo, Gordon & Co.'s Private Equity Group

245 Park Avenue,
New York, New York 10167
United States
(212) 692-2000
www.angelogordon.com

Angelo, Gordon's Private Equity Group is the private equity arm of asset manager Angele, Gordon & Co. AG's private equity group focuses on acquiring assets from financially distressed sellers or from larger corporations. Prospective transactions include forced sales, management-led buyouts, private company recapitalizations, corporate carve-outs, asset pool purchases, and other complex situations. The Group prefers control when considering opportunities and generally looks to commit $25 to $125 million of capital in transactions valued up to $500 million. Broad sectors of interest include specialty finance, retail, consumer, healthcare services/facilities, real estate, and business services. Angelo, Gordon's Private Equity group is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Financial Services, Food, Healthcare Services, Insurance, Leisure, Machinery, Manufacturing, Publishing, Real Estate, Restaurants, Retail, Safety/Security, Semiconductors

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Recapitalization, Special Situations/Distressed

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 10 -
Investment Size 25 125
Enterprise Value 50 500
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 22 - - - - - 22
vol $889M $889M
Sell (0.2/yr) # 12 - - - - 1 13
vol $95M $365M $460M
  35

Most Recent M&A

Company Date Value Type
Benihana, Inc. 2024-05-01 365M USD Trade Sale
Aventura, Florida · www.benihana.com
Firebirds International LLC 2019-01-08 - Secondary Sale
Charlotte, North Carolina · www.firebirdsinternational.com
Hamilton State Bancshares, Inc. 2018-07-02 - Merger
Hoschton, Georgia · www.hamiltonstatebank.com
Crunch LLC 2018-07-01 - Secondary Sale
New York, New York · www.crunch.com
Kings Food Markets 2016-08-11 - Secondary Sale
Parsippany, New Jersey · www.kingsfoodmarkets.com
National Home Health Care Corp. 2016-05-19 - Secondary Sale
Scarsdale, New York · www.nhhc.net
Freedom Communications, Inc. 2015-11-01 - Bankruptcy
Santa Ana, California · www.freedom.com
Oak Street Funding LLC 2015-08-14 - Trade Sale
Carmel, Indiana · www.oakstreetfunding.com
ClearBalance HealthCare 2012-12-20 - Buyout (LBO, MBO, MBI)
San Diego, California · www.clearbalance.org
Benihana, Inc. 2012-08-21 296M USD Going Private
Aventura, Florida · www.benihana.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 1 (100%) - 6 (27%) 532M (60%)
Restaurants - - 3 (14%) 296M (33%)
Consumer Services - - 3 (14%) -
Food - - 2 (9%) 62M (7%)
Business Services - - 2 (9%) -
Healthcare Services - - 2 (9%) -
Consumer Products - - 1 (5%) -
Insurance - - 1 (5%) -
Publishing - - 1 (5%) -
Utilities - - 1 (5%) -
Total 1 - 22 $889M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 1 (100%) - 18 (90%) 889M (100%)
  California 1 (100%) - 3 (15%) -
  Florida - - 3 (15%) 596M (67%)
  New Jersey - - 2 (10%) 62M (7%)
  New York - - 2 (10%) -
  Indiana - - 2 (10%) -
  Georgia - - 1 (5%) 232M (26%)
  Pennsylvania - - 1 (5%) -
  Ohio - - 1 (5%) -
  North Carolina - - 1 (5%) -
  Illinois - - 1 (5%) -
  Connecticut - - 1 (5%) -
Canada - - 1 (5%) -
  British Columbia - - 1 (5%) -
Bermuda - - 1 (5%) -
Domestic 1 (100%) - 18 (90%) 889M (100%)
Cross-border - - 2 (10%) -
Total 1 - 20 $889M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (100%) - 16 (73%) 532M (60%)
Divestiture - - 3 (14%) 62M (7%)
Going Private - - 1 (5%) 296M (33%)
Secondary Buyout - - 1 (5%) -
Special Situations/Distressed - - 1 (5%) -
Total 1 - 22 $889M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (31%) 460M (100%)
Secondary Sale 4 (31%) -
Trade Sale 3 (23%) -
Bankruptcy 1 (8%) -
Merger 1 (8%) -
Total 13 $460M

Top M&A Advisors

Legal Deals
Kirkland & Ellis
 1
Cleary Gottlieb Steen & Hamilton
 1
Akin Gump Strauss Hauer & Feld
 1

Deal Values

buy # Total
$100M to $1B 3 $828M
< $100M 1 $62M
TOTAL $889M
Largest Ocwen Structured Investments LLC
$300M (2007-03-20)
sell # Total
$100M to $1B 1 $365M
< $100M 1 $95M
TOTAL $460M
Largest Benihana, Inc.
$365M (2024-05-01)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Strategic(s)
9%
2 (9%)
Exited to
Investor(s)
31%
4 (31%)
Strategic(s)
62%
8 (62%)

Investor Summary

Investor Type

Private Equity Firm

Size

Large

PE Assets

1.0B USD

Established

1988

Specialist/Generalist

Generalist

Leadership

Michael Gordon

CEO & CO-CIO

Adam Schwartz

Co-CIO & Head of Real Estate

Josh Baumgarten

Co-CIO, Head of Credit

Kirk Wickman

President

Brian Sigman

CFO

FAQ

When was Angelo, Gordon & Co.'s Private Equity Group founded?

Angelo, Gordon & Co.'s Private Equity Group was founded in 1988.

What type of investor is Angelo, Gordon & Co.'s Private Equity Group?

Angelo, Gordon & Co.'s Private Equity Group is a private equity firm.

Where is Angelo, Gordon & Co.'s Private Equity Group headquartered?

Angelo, Gordon & Co.'s Private Equity Group is headquartered in New York, New York.

How much capital does Angelo, Gordon & Co.'s Private Equity Group have under management?

Angelo, Gordon & Co.'s Private Equity Group has 1.0B USD under management.

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