M&A Deal Summary |
|
|---|---|
| Date | 2007-02-13 |
| Target | Pinnacle Foods |
| Sector | Food |
| Buyer(s) | The Blackstone Group |
| Sellers(s) |
CCMP Capital
Prospect Hill Growth Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 2.2B USD |
| Advisor(s) | Lehman Brothers, Inc. (Financial) Vinson & Elkins (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 108 of 320 |
| Sector (Food) | 3 of 4 |
| Type (Secondary Buyout) | 12 of 73 |
| State (New Jersey) | 6 of 8 |
| Country (United States) | 75 of 202 |
| Year (2007) | 2 of 13 |
| Size (of disclosed) | 53 of 167 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-25 |
Catalent
Somerset, New Jersey, United States Catalent is a provider of solutions for drugs, biologics and consumer health products. Among its core offerings, it develops and manufactures oral and sterile medication in nearly all dosage forms, holds patents for softgel (e.g. “Liqui-Caps” and “Vegicaps”) and Zydis fast-dissolve technologies used in many popular prescription and over-the-counter medicine. Catalent was founded in 2007 and is based in Somerset, New Jersey. |
Buy | $3.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-28 |
PAETEC Holdings
Fairport, New York, United States PAETEC Holdings is an integrated communications provider offering local, domestic and international long distance services, high speed Internet access, eCommerce and other data services to medium and large sized businesses, colleges and universities, hospitals, governmental organizations and affinity groups throughout the United States. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 18.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 78 |
| Sector (Food) | 2 of 3 |
| Type (Secondary Buyout) | 6 of 23 |
| State (New Jersey) | 1 of 2 |
| Country (United States) | 29 of 61 |
| Year (2007) | 2 of 9 |
| Size (of disclosed) | 7 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-26 |
Aramark
Philadelphia, Pennsylvania, United States Aramark is a professional services, providing food services, facilities management, and uniform and career apparel to healthcare institutions, universities and school districts, stadiums and arenas, businesses and government departments and agencies. Aramark was incorporated in 1959 and is headquartered in Philadelphia, Pennsylvania. |
Buy | $8.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-02-23 |
Vetco Gray
London, United Kingdom Vetco Gray is a supplier of drilling, completion and production equipment for on- and offshore oil and gas fields, including subsea applications. The business employs 5,000 people in more than 30 countries, with key centers in Houston (USA), Aberdeen (UK), Stavanger (N), Oslo (N) and Singapore. Major products include flow control valves, control systems, wellheads, manifolds, risers and associated after-market services. |
Sell | $1.9B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 2.7B USD |
| Size | Large |
| Type | Sector Agnostic |
Prospect Hill Growth Partners is a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies across the US. Prospect Hill looks for profitable businesses ($5 to $25 million of EBITDA) with annual revenues from $50 to $300 million with strong brands and leading market positions. Target sectors include consumer products, healthcare, specialty retail, and asset management. Prospect Hill Growth Partners was formerly known as J.W. Childs and changed its name in 2019. The Firm was originally formed in 1995 and is headquartered in Waltham, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 20 |
| Sector (Food) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 10 |
| State (New Jersey) | 3 of 3 |
| Country (United States) | 6 of 20 |
| Year (2007) | 1 of 3 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-01-24 |
Mattress Firm
Houston, Texas, United States Mattress Firm is multi-brand mattress retailer. Mattress Firm brands include Mattress Firm, Sleepy's and Sleep Train, offers a broad selection of both traditional and specialty mattresses, bedding accessories and other related products. Mattress Firm was formed in 1886 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-06-04 |
Agiliti
Minneapolis, Minnesota, United States Agiliti is a nationwide provider of healthcare technology management and service solutions to the healthcare industry. Agiliti owns or manages more than 800,000 units of medical equipment for approximately 7,000 national, regional and local acute care hospitals and alternate site providers across the U.S. For nearly eight decades, Agiliti has delivered medical equipment management and service solutions that help clients reduce costs, increase operating efficiencies, improve caregiver satisfaction and support optimal patient outcomes. Agiliti was formed in 1939 and is based in Minneapolis, Minnesota. |
Sell | $712M |
