M&A Deal Summary |
|
|---|---|
| Date | 2018-02-27 |
| Target | LegalShield |
| Sector | Business Services |
| Buyer(s) |
Stone Point Capital
Further Global |
| Sellers(s) |
MidOcean Partners
BlackRock Capital Investment PennantPark Investment Advisers |
| Deal Type | Secondary Buyout |
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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 | 81 of 103 |
| Sector (Business Services) | 15 of 17 |
| Type (Secondary Buyout) | 13 of 24 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 69 of 90 |
| Year (2018) | 2 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-09 |
Genex
Wayne, Pennsylvania, United States Genex Services is the trusted provider of managed care services enabling clients to transform their bottom lines while enhancing the lives of injured and disabled workers. The company is a managed care leader with more than 2,900 employees and 41 service locations throughout North America. The company serves the top underwriters of workers’ compensation, automobile, disability insurance, third-party administrators, and a significant number of Fortune 500 employers. In addition, Genex is the only company that delivers high-quality clinical services enhanced by intelligent systems and 360-degree data analysis. The company consistently drives superior results related to medical, wage loss, and productivity costs associated with claims in the workers’ compensation, disability, automobile, and health care systems. Genex was formed in 1978 and is based in Wayne, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-01 |
AmTrust Financial
New York, New York, United States AmTrust Financial is a provider of property and casualty insurance to small businesses. AmTrust insurance products include multiline small business, warranty and specialty risk, specialty program business insurance services. AmTrust Financial was formed in 1998 and is based in New York City. |
Buy | $2.7B |
Further Global Capital Management is a private equity firm firm focused on the financial services sector. The Firm looks to commit $75 to $200 million to support a variety of investment situations including growth capital needs, management led buyouts, ownership transitions, divestitures, sponsor sales, distress recapitalizations, and buy-and-builds. Further Global Capital Management was established in 2017 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 12 |
| Sector (Business Services) | 1 of 5 |
| Type (Secondary Buyout) | 1 of 4 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 2 of 8 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
Celink
Lansing, Michigan, United States Celink is a provider of sub-servicer reverse mortgage loans in the nation. Celink is the only enterprise in the reverse mortgage industry that focuses exclusively on the critical business of subservicing. Celink is based in Lansing, Michigan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-07 |
GBG
Princeton, New Jersey, United States GBG is an integrated provider of international benefits insurance, operating globally across more than 120 jurisdictions. GBG distributes and underwrites health, life and disability, and travel insurance, with a client base that spans multinational corporations, expatriates, local high net-worth individuals, international schools, non-profit organizations, and international students. GBG was founded in 1981 and is based in Princeton, New Jersey. |
Buy | $132M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 34 |
| Sector (Business Services) | 1 of 1 |
| Type (Secondary Buyout) | 9 of 10 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 23 of 29 |
| Year (2018) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-22 |
The Planet Group
Deerfield, Illinois, United States The Planet Group consists of nine related entities, including four global consulting organizations and five renowned staffing brands, and has been purposefully built to address the professional services needs of leading companies in the Life Sciences, Technology, Diversified Energy & Engineering, Accounting & Finance, Human Resources, Healthcare, and Digital Marketing areas. The company was founded in 2009 and is headquartered in Chicago, Illinois with offices throughout the US and Europe. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-02 |
Grandpoint Capital
Los Angeles,, California, United States Grandpoint Capital, Inc. is a parent company of Grandpoint Bank, a full service commercial bank with assets of $3.2 billion focused on professionals, entrepreneurs, and privately held businesses. The Bank operates 14 banking offices in Southern California, Washington, and Arizona. Grandpoint Capital and Grandpoint Bank was founded in 2010 and is headquartered in Los Angeles, California. |
Sell | $629M |
| Category | Business Development Company |
|---|---|
| Founded | 2005 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 22 |
| Sector (Business Services) | 3 of 3 |
| Type (Secondary Buyout) | 9 of 11 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 17 of 21 |
| Year (2018) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-27 |
Cofense
Leesburg, Virginia, United States Cofense is a provider of human-driven phishing defense solutions world-wide. Cofense delivers a collaborative approach to cybersecurity by enabling organization-wide engagement to active email threats. Company collective defense suite combines timely attack intelligence sourced from employees with best-in-class incident response technologies to stop attacks faster and stay ahead of breaches. Cofense was founded in 2007 and is based in Leesburg, Virginia. |
Buy | $400M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-14 |
Trustly
Stockholm, Sweden Trustly is an online payment provider that enables direct account-to-account payments, in partnership with merchants across Europe. The Company processes more than 3.5 million payments with payment volumes of ~SEK 6 billion each month. Trustly was founded in 2008 and is based in Stockholm, Sweden. |
Buy | - |
| Category | Lender |
|---|---|
| Founded | 2007 |
| PE ASSETS | 6.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
PennantPark is a provider of credit solutions to middle-market private equity sponsors. The Firm looks to provide $10 to $100 million of capital and can support a variety of investment structures. PennantPark was formed in 2007 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 17 |
| Sector (Business Services) | 1 of 1 |
| Type (Secondary Buyout) | 11 of 12 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 14 of 17 |
| Year (2018) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-02-02 |
Convergint
Schaumburg, Illinois, United States Convergint is a designer, installer, and services integrated building systems including electronic security, fire alarm, and life safety systems. Convergint was founded in 2001 and is based in Schaumburg, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-29 |
Vibrantz
Houston, Texas, United States Vibrantz produces and markets specialty mineral products and additives. It offers naturally occurring minerals for pigment applications. The company’s mineral products include silica, iron chromite and pyrites, magnesite, magnetite, manganese dioxide, manganous oxide, olivine, red iron oxide, spodumene, and zircon. It also offers black iron and red iron oxide, chrome sand, cryolite, chromox, and glassox. In addition, the company provides alumina products, barium carbonate, bauxite, calcium carbonates, coloured sands, feldspar products, lithium products, manganese products, metallic oxides and compounds, perlite ores, and quartz products. Vibrantz is based in Houston, Texas. |
Sell | - |
