M&A Deal Summary

Nexus Capital Management, Oaktree Capital Management and Elliott Acquire Acosta

On January 2, 2020, private equity firm Nexus Capital Management, asset manager Oaktree Capital Management and asset manager Elliott acquired marketing company Acosta

Acquisition Highlights
  • This is Nexus Capital Management’s 1st, Oaktree Capital Management’s 1st and Elliott’s 1st transaction in the Marketing sector.
  • This is Nexus Capital Management’s 5th, Oaktree Capital Management’s 57th and Elliott’s 4th transaction in the United States.
  • This is Nexus Capital Management’s 1st, Oaktree Capital Management’s 4th and Elliott’s 1st transaction in Florida.

M&A Deal Summary

Date 2020-01-02
Target Acosta
Sector Marketing
Buyer(s) Nexus Capital Management
Oaktree Capital Management
Elliott
Deal Type Special Situations/Distressed

Target

Acosta

Jacksonville, Florida, United States
website
Acosta's headquarters in Jacksonville, Florida.
Acosta's headquarters in Jacksonville, Florida.
Acosta Sales & Marketing provides outsourced sales, marketing and merchandising services to manufacturers, suppliers, and producers of consumer packaged goods. Acosta was founded in 1927 and is based in Jacksonville, Florida.

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Buyer(S) 3

DESCRIPTION

Nexus Capital Management is an opportunistic debt and equity investment firm. Nexus looks to invest $50 to $300 million to support a variety of situations, including corporate partnerships, acquisitions, or liquidity financings. Sectors of interest include industrials, consumer, retail, food/beverages, services, education, and distribution. Nexus Capital Management was formed in 2013 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 5 of 12
Sector (Marketing) 1 of 1
Type (Special Situations/Distressed) 2 of 2
State (Florida) 1 of 3
Country (United States) 5 of 12
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-27 TOMS

Culver City, California, United States

TOMS designs and sells lightweight shoes and other products worldwide. The company’s mission-driven business model is focused on helping and advancing health, education and economic opportunities for children and their communities around the world. TOMS was founded in 2006 and is based in Culver City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Natural Balance

San Diego, California, United States

Natural Balance is a premium pet food brand specializing in high-quality dog and cat food products sold exclusively through the pet specialty and eCommerce channels. Natural Balance has a 30+ year history in premium formulations and was a pioneer of limited ingredient diets. Natural Balance was founded in 1989 and is based in San Diego, California.

Buy -
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 86 of 104
Sector (Marketing) 1 of 1
Type (Special Situations/Distressed) 3 of 3
State (Florida) 4 of 4
Country (United States) 57 of 68
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 RAFI

Ravensburg, Germany

RAFI is a provider of electromechanical components and systems for the Human-machine communication. RAFI offers pushbuttons, control and signaling units, signal lamps, short and full-travel eyswitches, electronic assemblies, and components. RAFI was founded in 1900 and is based in Ravensburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Kamps

Grand Rapids, Michigan, United States

Kamps is specializes in supplying high-quality recycled pallets, new custom pallets, and comprehensive pallet recycling services to diverse supply chains across the nation. Kamps was founded in 1973 and is based in Grand Rapids, Michigan.

Buy -
Buyer

Elliott

website


Category Asset Manager
Founded 1977
PE ASSETS 59.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.


DEAL STATS #
Overall 6 of 13
Sector (Marketing) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Florida) 1 of 1
Country (United States) 4 of 8
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-07 Barnes & Noble

New York, New York, United States

Barnes & Noble is a bookseller and operates through retail stores and online. The Company’s principal business is the sale of trade books (generally hardcover and paperback titles), mass market paperbacks (such as mystery, romance, science fiction and other popular fiction), children’s books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys & games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com. Barnes & Noble was formed in 1986 and is based in New York City.

Buy $683M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Wordery.com

Norwich, United Kingdom

Wordery.com is an online bookshop in the UK With over 10 million books available, all with free worldwide delivery. It is dedicated to helping fellow bookworms find the right books at the lowest prices. Wordery.com was formed in 2012 and is based in Norwich, United Kingdom.

Buy -