M&A Deal Summary

Goldman Sachs Merchant Banking, Pamplona Capital Management - Private Equity and Bass Pro Group Acquire Cabela s

On October 4, 2016, private equity firm Goldman Sachs Merchant Banking, private equity firm Pamplona Capital Management - Private Equity and Bass Pro Group acquired retailer Cabela s for 5.5B USD

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 5th, Pamplona Capital Management - Private Equity’s 2nd and Bass Pro Group’s 1st transaction in the Retail sector.
  • This is Goldman Sachs Merchant Banking’s 8th, Pamplona Capital Management - Private Equity’s and Bass Pro Group’s largest (disclosed) transaction.
  • This is Goldman Sachs Merchant Banking’s 91st, Pamplona Capital Management - Private Equity’s 13th and Bass Pro Group’s 2nd transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 1st, Pamplona Capital Management - Private Equity’s 1st and Bass Pro Group’s 1st transaction in Nebraska.

M&A Deal Summary

Date 2016-10-04
Target Cabela s
Sector Retail
Buyer(s) Goldman Sachs Merchant Banking
Pamplona Capital Management - Private Equity
Bass Pro Group
Deal Type Add-on Acquisition
Deal Value 5.5B USD
Advisor(s) Guggenheim Securities (Financial)
Sidley Austin LLP
Koley Jessen PC (Legal)

Target

Cabela s

Sidney, Nebraska, United States
website
Cabela's corporate headquarters in Sidney, Nebraska.
Cabela's corporate headquarters in Sidney, Nebraska.
Cabela’s is a marketer and retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. Cabela’s has over 85 specialty retail stores, primarily in the western US and Canada as well as a catalog business and e-commerce operations. Cabela's was formed in 1961 and is headquartered in Sidney, Nebraska.

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Buyer(S) 3

Buyer

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 131 of 175
Sector (Retail) 5 of 5
Type (Add-on Acquisition) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 91 of 119
Year (2016) 10 of 13
Size (of disclosed) 8 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Smart Communications

Hertfordshire, United Kingdom

Smart Communications is a provider of cloud solution for customer and business communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 TVS SCS

Chennai, India

TVS SCS is a 3rd party logistics provider across multiple verticals including automotive, distribution, electronics, and discrete component manufacturing. TVS SCS was established in 2004 and is based in Chennai, India.

Sell -
Buyer

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.


DEAL STATS #
Overall 29 of 41
Sector (Retail) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Nebraska) 1 of 1
Country (United States) 13 of 21
Year (2016) 4 of 5
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Veritext

Costa Mesa, California, United States

Veritext is a business services provider to the legal industry. Veritext provides technology-driven deposition and litigation support services to law firms and corporations around the globe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 LogicWorks

New York, New York, United States

LogicWorks is a cloud automation and managed services provider. Through its Managed Hosting, Private Cloud, and InfiniCloudTM dynamic compute services, Logicworks offers its diverse client base unmatched access to technology expertise. LogicWorks was founded in 1993 and is based in New York City.

Buy -
Buyer

Bass Pro Group

Springfield, Missouri, United States

website


Category Company
Founded 1972
Sector Retail
DESCRIPTION
Bass Pro store in Council Bluffs, Iowa.
Bass Pro store in Council Bluffs, Iowa.

Bass Pro Group, LLC operates Bass Pro Shops, a retailer of specialty equipment, apparel and supplies to outdoor enthusiasts. Bass Pro Group was formed in 1972 and is headquartered in Springfield, Missouri.


DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Nebraska) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Fishing Holdings

Bloomington, Minnesota, United States

Fishing Holdings is a manufacturer of recreational and fishing boats marketed under several brand names and sold worldwide.

Buy -