M&A Deal Summary

Pacific Equity Partners, Intermediate Capital Group and The Riverside Company Acquire American Stock Transfer & Trust

On May 29, 2008, private equity firm Pacific Equity Partners, mezzanine finance firm Intermediate Capital Group and private equity firm The Riverside Company acquired financial services company American Stock Transfer & Trust for 1.0B USD

Acquisition Highlights
  • This is Pacific Equity Partners’ 2nd, Intermediate Capital Group’s 8th and The Riverside Company’s 1st transaction in the Financial Services sector.
  • This is Pacific Equity Partners’ , Intermediate Capital Group’s 20th and The Riverside Company’s largest (disclosed) transaction.
  • This is Pacific Equity Partners’ 1st, Intermediate Capital Group’s 8th and The Riverside Company’s 78th transaction in the United States.
  • This is Pacific Equity Partners’ 1st, Intermediate Capital Group’s 2nd and The Riverside Company’s 5th transaction in New York.
Investment Fate
  • American Stock Transfer & Trust was sold to a publicly-traded strategic buyer in 2020 for 165M USD.

M&A Deal Summary

Date 2008-05-29
Target American Stock Transfer & Trust
Sector Financial Services
Buyer(s) Pacific Equity Partners
Intermediate Capital Group
The Riverside Company
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.0B USD
Advisor(s) Lehman Brothers, Inc. (Financial)
Simpson Thacher & Bartlett (Legal)

Target

American Stock Transfer & Trust

Brooklyn, New York, United States
website
American Stock Transfer & Trust Co. LLC (AST) is a full-service, tech-enabled professional services firm that helps companies and shareholders across North America maintain momentum through the use of secure corporate data, analytics, advisory services, and a strategic approach to every interaction. AST was established in 1971 and is based in Brooklyn, New York.

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Buyer(S) 3

Buyer

Pacific Equity Partners

Sydney, Australia

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 4.9B AUD
Size Large
Type Sector Agnostic
DESCRIPTION

Pacific Equity Partner (PEP) is a private equity firm focused on buyout and late stage expansion capital investments in Australia and New Zealand. PEP typically partners with management teams in acquiring businesses and focuses on transactions valued up to AU$1 Billion. The Firm prefers control situations and typically holds investments for three to six years. PEP will not invest in start-ups or unprofitable businesses, as well as gambling or tobacco companies. Pacific Equity Partners was formed in 1998 and is based in Sydney, Australia. The Firm targets various industries.


DEAL STATS #
Overall 12 of 31
Sector (Financial Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 15
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-24 The Hoyts Pty.

Sydney, Australia

Hoyts manages entertainment corporations. The company owns and operates 45 cinemas with over 400 screens and approximately 75,000 seats in Australia and New Zealand. In both of these countries it is the largest independent film distributor and provider of cinema advertising.

Buy $440M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-19 Energy Developments

Eight Mile Plains Qld, Australia

Energy Developments Limited (EDL) is an international provider of low cost renewable and low carbon emissions electricity.

Buy -
Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 212 of 289
Sector (Financial Services) 8 of 11
Type (Buyout (LBO, MBO, MBI)) 105 of 112
State (New York) 2 of 3
Country (United States) 8 of 19
Year (2008) 7 of 15
Size (of disclosed) 20 of 82
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Axitea

Milan, Italy

Axitea is a provider of armed security services and electronic surveillance systems in the Italian market. Axitea was founded in 2004 and is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 Veinsur SA

Almería, Spain

Veinsur SA is a dealer of Volvo trucks in Europe allows us to provide not only a large variety of Volvo vehicles, maintained in our network of workshops, but also many other makes of vehicles.

Buy -
Buyer

The Riverside Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 105 of 283
Sector (Financial Services) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 87 of 146
State (New York) 5 of 8
Country (United States) 78 of 195
Year (2008) 8 of 17
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 itel

Jacksonville, Florida, United States

itel is an insurance service provider that helps property insurance companies effectively settle claims worldwide. itel is committed to custom-fitting its service offering to meet the unique needs of each international insurance market. itel was founded in 1993 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-01 Gti Diagnostics

Waukesha, Wisconsin, United States

GTI Diagnostics develops, manufactures and markets specialty test kits for the in vitro diagnostics industry. Its advanced proprietary products fulfill niche testing needs and are used in over 400 laboratories. GTI is an ISO-certified company and registered with the FDA as an In Vitro Diagnostic Manufacturer.

Buy -