M&A Deal Summary |
|
|---|---|
| Date | 2017-03-23 |
| Target | Checkers |
| Sector | Restaurants |
| Buyer(s) |
Oak Hill Capital
Garnett Station Partners |
| Sellers(s) | Sentinel Capital Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 525M USD |
| Advisor(s) | Piper Jaffray Companies North Point Advisors LLC (Financial) Kirkland & Ellis (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 9.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 73 |
| Sector (Restaurants) | 2 of 2 |
| Type (Secondary Buyout) | 17 of 24 |
| State (Florida) | 2 of 4 |
| Country (United States) | 48 of 66 |
| Year (2017) | 1 of 2 |
| Size (of disclosed) | 11 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-09 |
Monsoon
Portland, Oregon, United States Monsoon is an e-commerce solutions company that powers the online businesses of mid-sized merchants through integrated solutions that allow these merchants to easily manage inventory, orders, and fulfillment; sell more products in more places; and intelligently price products across channels. Monsoon was founded in 1998 and is based in Portland, Oregon. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-22 |
Wave Broadband
Kirkland, Washington, United States Wave Broadband LLC is a provider of industry major high-speed internet, all-digital TV and phone services for residential, small/medium and Enterprise business customers. PC Magazine’s Readers’ Choice Award named RCN one of the winners for best ISPs in 2013, 2015 and 2016 – RCN was rated highest in overall satisfaction. RCN is YouTube HD Verified, earning the company the highest-ranking that Google offers. RCN is also a Netflix Open Connect partner, placing in the Top rankings on the Netflix USA ISP Speed Index in the markets RCN serves. RCN's affordably priced advanced digital services are delivered through its proprietary, state-of-the-art fiber-rich network and supported by 100% U.S.-based customer service. RCN's primary service areas include Boston, Chicago, Lehigh Valley (PA), New York City, Philadelphia (Delaware County) and Washington, DC. |
Sell | $2.4B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Garnett Station Partners is a private equity firm focused on the consumer sector. Specific areas of interest include food/beverage, health/wellness, automotive, and residential services. The Firm looks to commit $25 to $200 million per investment and will consider opportunities throughout North America. Garnett Station Partners was formed in 2013 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 16 |
| Sector (Restaurants) | 3 of 6 |
| Type (Secondary Buyout) | 1 of 2 |
| State (Florida) | 1 of 3 |
| Country (United States) | 3 of 16 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-07 |
Out West Restaurant Group
San Diego, California, United States Out West Restaurant Group is the exclusive franchisee of Outback Steakhouse in Arizona, California, Colorado, Nevada and New Mexico. In addition to the beef and steak items Outback is best known for, the Australian-themed concept offers a variety of chicken, ribs, seafood, and pasta dishes. The company's strategy is to differentiate its restaurants by emphasizing consistently high-quality food and service and great value in a casual atmosphere inspired by the Australian Outback. Currently, Out West Restaurant Group owns and operates over 100 Outback Steakhouse locations and is the largest franchisee of Bloomin’ Brands in the world. Out West Restaurant Group was founded in 1994 and is based in San Diego, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-01 |
Kona Ice
Florence, Kentucky, United States Kona Ice is a mobile food truck company that provides one-of-a-kind, gourmet, family-friendly shaved ice experience. Kona Ice is based in Florence, Kentucky. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 42 of 69 |
| Sector (Restaurants) | 5 of 8 |
| Type (Secondary Buyout) | 21 of 30 |
| State (Florida) | 3 of 7 |
| Country (United States) | 38 of 62 |
| Year (2017) | 2 of 5 |
| Size (of disclosed) | 3 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-10 |
ECM Industries
New Berlin, Wisconsin, United States ECM Industries is a manufacturer and supplier of electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets. ECM Industries is based in New Berlin, Wisconsin. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-06-05 |
National Spine & Pain Centers
Frederick, Maryland, United States National Spine & Pain Centers is a provider of interventional pain management services focused on relieving chronic back and neck pain. Interventional pain management is a rapidly growing medical specialty whose objective is to relieve pain through advanced, minimally invasive procedures while preventing costly, invasive surgery. National Spine & Pain Centers provides management services to physicians who are dedicated to providing high quality patient care in outpatient ambulatory surgical center settings. Affiliated physicians are fellowship-trained and board-certified/board-eligible pain specialists and many are nationally recognized leaders in pain management. National Spine & Pain Centers was founded in 1998 and is headquartered in Frederick, Maryland. |
Sell | - |
