M&A Deal Summary |
|
|---|---|
| Date | 2017-04-18 |
| Target | Focus Financial Partners |
| Sector | Financial Services |
| Buyer(s) |
Stone Point Capital
KKR |
| Sellers(s) |
Summit Partners
Polaris Partners Centerbridge Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Goldman Sachs BofA Securities BMO Capital Markets (Financial) Vinson & Elkins (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 76 of 103 |
| Sector (Financial Services) | 26 of 32 |
| Type (Secondary Buyout) | 9 of 24 |
| State (New York) | 16 of 19 |
| Country (United States) | 64 of 90 |
| Year (2017) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-15 |
StoneRiver
Oakland, California, United States StoneRiver is a provider of innovative insurance technology, professional services, and outsourcing solutions to the insurance industry. The company's services include business process outsourcing, insurance policy and claims administration, underwriting, rating, advanced billing and collections, point-of-sale technology and straight-through processing solutions. StoneRiver is based in Oakland, California. |
Sell | $102M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-24 |
PrismHR
Hopkinton, Massachusetts, United States PrismHR provides software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR was founded in 1985 and is based in Hopkinton, Massachusetts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 231 of 429 |
| Sector (Financial Services) | 11 of 20 |
| Type (Secondary Buyout) | 46 of 103 |
| State (New York) | 9 of 18 |
| Country (United States) | 99 of 189 |
| Year (2017) | 15 of 41 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-11 |
Lyft
San Francisco, California, United States Lyft is a ride-sharing company that connects people and communities through transportation. It helps organizations to establish private and social networks for ridesharing. Lyft was founded in 2007 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-20 |
Masan Nutri-Science
Ho Chi Minh City, Vietnam Masan Nutri-Science is Vietnam’s largest fully integrated branded meat platform, focused on driving productivity in Vietnam’s animal protein industry and ultimately directly serving consumers with traceable, quality, and affordable meat products. Masan Nutri-Science is based in Ho Chi Minh City, Vietnam. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 208 of 281 |
| Sector (Financial Services) | 7 of 8 |
| Type (Secondary Buyout) | 29 of 56 |
| State (New York) | 8 of 11 |
| Country (United States) | 187 of 243 |
| Year (2017) | 3 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-30 |
Accedian
Montreal, Quebec, Canada Accedian is a provider of highly accurate network performance monitoring and assurance solutions. Accedian's software and technology are used by the world’s largest mobile, enterprise, and carrier networks to monitor, test, and ultimately ensure the real-time quality of service (QoS) and quality of experience (QoE) for operators. Accedian Networks was founded in 2004 and is based in Montreal, Quebec. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-24 |
PrismHR
Hopkinton, Massachusetts, United States PrismHR provides software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR was founded in 1985 and is based in Hopkinton, Massachusetts. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 5.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 30 |
| Sector (Financial Services) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 8 |
| State (New York) | 2 of 4 |
| Country (United States) | 11 of 28 |
| Year (2017) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-13 |
Lyndra
Watertown, Massachusetts, United States Lyndra has developed technology that extends oral drug delivery beyond one week. Lyndra was founded in 2015 and is based in Watertown, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-23 |
PartsSource
Aurora, Ohio, United States PartsSource is a provider of proprietary software solutions related to the acquisition and life cycle management of medical repair parts. PartsSource has been recognized by clinical engineers and healthcare executives alike for its unique ePartsFinder application for its ability to increase department efficiencies while reducing costs through its award-winning SmartPrice technology. PartsSource was founded in 2001 and is based in Aurora, Ohio. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 2005 |
| PE ASSETS | 16.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 11 of 24 |
| Sector (Financial Services) | 5 of 5 |
| Type (Secondary Buyout) | 3 of 9 |
| State (New York) | 2 of 2 |
| Country (United States) | 10 of 22 |
| Year (2017) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-02-22 |
BFF Bank
Milan, Italy BFF Bank is a provider of factoring and credit management services to companies that hold credit positions towards public administration, in particular, public health local administration entities. The company engages in the management and non-recourse sale of trade receivables due from public administrations and national healthcare systems. It provides financial and management support services to companies operating primarily in the pharmaceutical and biomedical sectors. BFF Bank was founded in 1985 and is based in Milan, Italy. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-28 |
Industrial Container Services
Montebello, California, United States Industrial Container Services LLC is a provider of reusable container solutions in the United States, providing new and reconditioned steel, plastic, and fiber drums. With 49 facilities across the United States and Canada, ICS collects, reconditions and distributes over 10 million steel, poly and intermediate bulk containers annually and is the only company capable of offering comprehensive services, including pickup and reconditioning of containers of all major packaging types, new container manufacturing and distribution, to customers nationally. |
Buy | - |
