Investment Summary

Exits Dollar General

On November 13, 2009, invested in retailer Dollar General from KKR and Goldman Sachs Merchant Banking

Investment Highlights
  • This is transaction in the Retail sector.
  • This is transaction in the United States.
  • This is transaction in Tennessee.

Investment Summary

Date 2009-11-13
Target Dollar General
Sector Retail
Sellers(s) KKR
Goldman Sachs Merchant Banking
Deal Type IPO

Target

Dollar General

Goodlettsville, Tennessee, United States
website
Dollar General's headquarters in Goodlettsville, Tennessee.
Dollar General's headquarters in Goodlettsville, Tennessee.
Dollar General is a discount retailer offering a variety of apparels, household, cleaning, health, beauty and baby products. Dollar General was incorporated in 1939 and is headquartered in Goodlettsville, Tennessee.

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Seller(S) 2

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 367.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

Kohlberg Kravis Roberts & Co. LP (KKR) is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into three business segments which include private markets, public markets, and capital markets and principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will consider investments in a broad range of industries located in North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976, is based in New York City, and has offices throughout the globe.


DEAL STATS #
Overall 30 of 158
Sector (Retail) 3 of 7
Type (IPO) 14 of 47
State (Tennessee) 1 of 3
Country (United States) 19 of 77
Year (2009) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-08 TASC

Chantilly, Virginia, United States

TASC is a provider of advanced systems engineering, integration and decision-support services to the intelligence, defense, homeland security and civilian-federal agencies.

Buy $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 THG

Manchester, United Kingdom

THG is an online beauty and wellbeing businesses that operates 166 websites, retailing to customers in 160 countries. THG was founded in 2004 and is based in Manchester, United Kingdom.

Buy -
SELLER

Goldman Sachs Merchant Banking

New York, New York, United States

website


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 22 of 107
Sector (Retail) 2 of 4
Type (IPO) 12 of 26
State (Tennessee) 1 of 1
Country (United States) 15 of 76
Year (2009) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-03 NuVox Communications

Greenville, South Carolina, United States

NuVox Communications, Inc. is an integrated communications provider. NuVox is a competitive local exchange carrier (CLEC) offering comprehensive voice and data communications products and services to customers. NuVox delivers services via its industry MPLS-based wide area private IP network.

Sell $643M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-16 Cobalt International Energy

Houston, Texas, United States

Cobalt International Energy, Inc. is an oil and gas exploration and development company focused on pursuing niche opportunities in the Deepwater Gulf of Mexico and offshore international areas. Cobalt's strategy is to utilize its regional expertise along with advanced technology to identify and develop meaningful reserve targets in select offshore ventures. Cobalt International Energy is based in Houston, Texas.

Sell -