Avenue Capital Group Mergers and Acquisitions Summary

Asset Manager Profile

Avenue Capital Group’s most common sectors for investment arefinancial services (23%) and restaurants (12%) . The Firm’s most common investment types include secondary buyout (23%) and buyout (lbo, mbo, mbi) (23%). In total, Avenue Capital Group has invested in 3 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 2019 when it acquired Castlehaven Finance for $282M.

In the last 3 years, Avenue Capital Group has exited 1 company. The Firm’s most common exit type is secondary buyout (34%).

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M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity9
    • M&A Sell Activity3
  • Total Sectors Invested 8
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Avenue Capital Group

11 West 42nd Street, 9th Floor,
New York, New York 10036
United States
(212) 850-7500
www.avenuecapital.com
investorrelations@avenuecapital.com

Avenue Capital Group is a private investment firm focused on acquiring a range of public and private securities. Avenue will consider opportunities throughout the US, Europe, and Asia and generally targets distressed assets, including businesses undergoing turnarounds, bankruptcy, reorganizations, and liquidations. Avenue was formed in 1995 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Distribution, Healthcare Services, Machinery, Manufacturing, Restaurants

Target Transaction Types: Divestiture, Special Situations/Distressed, PIPE

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $432M $432M
Sell (0.2/yr) # 2 - - 1 - - 3
  12

Most Recent M&A

Company Date Value Type
Global Health Pvt. Ltd. 2022-11-16 - IPO
Gurugram, India · www.medanta.org
Castlehaven Finance 2019-08-23 282M EUR Secondary Buyout
Dublin, Ireland · www.castlehavenfinance.com
Selcom Elettronica SpA 2017-05-05 - Buyout (LBO, MBO, MBI)
Bologna, Italy · www.selcomgroup.com
OAG Aviation Worldwide Ltd. 2017-02-16 - Divestiture
Luton, United Kingdom · www.oag.com
C.P. Crane Power Plant 2016-02-16 - Divestiture
Baltimore, Maryland
The Quizno’s Master LLC 2014-03-14 - Bankruptcy
Denver, Colorado · www.quiznos.com
Global Health Pvt. Ltd. 2013-12-19 - Growth Capital
Gurugram, India · www.medanta.org
Tekni-Plex, Inc. 2013-11-18 - Secondary Sale
Wayne, Pennsylvania · www.tekni-plex.com
Freedom Finance Ltd. 2013-05-15 - Buyout (LBO, MBO, MBI)
Simonsway, United Kingdom · www.freedomfinance.co.uk
Punj Lloyd Ltd. 2013-02-05 - Stake Purchase
Gurugram , India · www.punjlloyd.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
OAG Aviation Worldwide Ltd. 2017-02-16 Infare Solutions A/S 2023-07-28 1
Luton, United Kingdom · www.oag.com Copenhagen, Denmark · www.infare.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 1 (20%) 282M (100%) 2 (22%) 282M (65%)
Restaurants - - 1 (11%) 150M (35%)
Electronics 1 (20%) - 1 (11%) -
Engineering 1 (20%) - 1 (11%) -
Healthcare Services - - 1 (11%) -
Information Services 1 (20%) - 1 (11%) -
Packaging - - 1 (11%) -
Utilities 1 (20%) - 1 (11%) -
Total 5 $282M 9 $432M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 1 (20%) - 3 (33%) 150M (35%)
  Maryland 1 (20%) - 1 (11%) -
  Colorado - - 1 (11%) 150M (35%)
  Pennsylvania - - 1 (11%) -
United Kingdom 1 (20%) - 2 (22%) -
India 1 (20%) - 2 (22%) -
Ireland 1 (20%) 282M (100%) 1 (11%) 282M (65%)
Italy 1 (20%) - 1 (11%) -
Domestic 1 (20%) - 3 (33%) 150M (35%)
Cross-border 4 (80%) 282M (100%) 6 (67%) 282M (65%)
Total 5 $282M 9 $432M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 1 (20%) 282M (100%) 2 (22%) 282M (65%)
Buyout (LBO, MBO, MBI) 1 (20%) - 2 (22%) -
Divestiture 2 (40%) - 2 (22%) -
Special Situations/Distressed - - 1 (11%) 150M (35%)
Growth Capital - - 1 (11%) -
Stake Purchase 1 (20%) - 1 (11%) -
Total 5 $282M 9 $432M

Exits by Deal Type

Type Total # Value
Bankruptcy 1 (33%) -
IPO 1 (33%) -
Secondary Sale 1 (33%) -
Total 3 -

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Paul, Weiss, Rifkind, Wharton & Garrison
 1

Deal Values

buy # Total
$100M to $1B 2 $432M
TOTAL $432M
Largest Castlehaven Finance
$282M (2019-08-23)

M&A Connections

Deals
Acquired from
Investor(s)
33%
3 (33%)
Strategic(s)
22%
2 (22%)
Exited to
Investor(s)
33%
1 (33%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

11.9B USD

Established

1995

Specialist/Generalist

Generalist

Leadership

Marc Lasry

Co-Founder & CEO, Chairman

Sonia Gardner

President, Managing Partner & Co-Founder

Thomas Larkin

CFO

Julie Baumann

Senior Managing Director

Todd Greenbarg

Senior Managing Director

FAQ

When was Avenue Capital Group founded?

Avenue Capital Group was founded in 1995.

What type of investor is Avenue Capital Group?

Avenue Capital Group is an asset manager.

Where is Avenue Capital Group headquartered?

Avenue Capital Group is headquartered in New York, New York.

How much capital does Avenue Capital Group have under management?

Avenue Capital Group has 11.9B USD under management.

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