Investment Summary

KKR, Warburg Pincus and Centerbridge Partners Invest In Santander Consumer USA

On October 21, 2011, private equity firm KKR, private equity firm Warburg Pincus and asset manager Centerbridge Partners invested in financial services company Santander Consumer USA

Investment Highlights
  • This is KKR’s 7th, Warburg Pincus’ 15th and Centerbridge Partners’ 4th transaction in the Financial Services sector.
  • This is KKR’s 44th, Warburg Pincus’ 111th and Centerbridge Partners’ 9th transaction in the United States.
  • This is KKR’s 7th, Warburg Pincus’ 15th and Centerbridge Partners’ 1st transaction in Texas.
Investment Fate
  • Santander Consumer USA went public in 2014.

Investment Summary

Date 2011-10-21
Target Santander Consumer USA
Sector Financial Services
Investor(s) KKR
Warburg Pincus
Centerbridge Partners
Deal Type Growth Capital

Target

Santander Consumer USA

Dallas, Texas, United States
Santander Consumer USA is a provider of financial services for vehicle and consumer lending products. Santander Consumer USA was founded in 1995 and is based in Dallas, Texas.

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Investor(S) 3

Investor

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other 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 invest in a broad range of industries and companies and will consider businesses throughout 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 and is based in New York, New York.


DEAL STATS #
Overall 101 of 502
Sector: Financial Services M&A 7 of 22
Type: Growth Capital M&A Deals 6 of 82
State: Texas M&A 7 of 27
Country: United States M&A 44 of 213
Year: 2011 M&A 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-14 NWL

Durham, United Kingdom

NWL provides water and sewerage services in the north east of England under the brand name Northumbrian Water and water services in the south east under the brand name Essex & Suffolk Water. It serves 2.7 million people in the north with water and sewerage services and 1.8 million people in the south with water services. NWL is based in Durham, United Kingdom.

Buy £2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-23 Samson Investment Co.

Tulsa, Oklahoma, United States

Samson Investment Company is a privately-held independent exploration and production company.

Buy $7.2B
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 201 of 492
Sector: Financial Services M&A 15 of 48
Type: Growth Capital M&A Deals 43 of 159
State: Texas M&A 15 of 40
Country: United States M&A 111 of 241
Year: 2011 M&A 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-06 Explora Petroleum AS

Stavanger, Norway

Explora Petroleum AS is a Stavanger, Norway-based exploration and production company focused on the Norwegian Continental Shelf. The company plans to take non-operated minority positions in offshore licenses and conduct both exploration and appraisal drilling for both oil and gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 CrowdStrike

Austin, Texas, United States

CrowdStrike is a global cybersecurity company with an endpoint protection platform built from the ground up to stop breaches. The CrowdStrike Falcon platform’s single lightweight-agent architecture leverages cloud-scale artificial intelligence (AI) and offers real-time protection and visibility across the enterprise, preventing attacks on endpoints on or off the network. CrowdStrike was founded in 2011 and is based in Austin, Texas.

Buy -
Investor

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2005
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 10 of 50
Sector: Financial Services M&A 4 of 8
Type: Growth Capital M&A Deals 1 of 1
State: Texas M&A 1 of 5
Country: United States M&A 9 of 41
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-31 Remedi SeniorCare

Baltimore, Maryland, United States

Remedi SeniorCare delivers comprehensive pharmacy services, pharmacy consulting, and data management services to nursing homes, assisted living, and continuing care retirement communities. The business is committed to helping these organizations achieve outstanding care, financial strength, and medication safety. Remedi combines their culture of caring with real-world pharmacy services and best-in-class technology to give organizations more time and resources and help them focus on caring for their residents. Remedi SeniorCare was formed in 1954 and is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 GSI Holdings

New York,, New York, United States

GSI Holdings is a manufacturer of grain storage and protein production systems . The company is engaged in the the trade of fabrics, apparels, raw materials, scientific instruments, and other machinery.

Sell $928M