M&A Deal Summary |
|
|---|---|
| Date | 2010-04-21 |
| Target | ATD |
| Sector | Distribution |
| Buyer(s) |
TPG
Ares Private Equity Group |
| Sellers(s) |
Greenbriar Equity Group
Investcorp International Berkshire Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 1.3B USD |
| Advisor(s) | BofA Securities (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 146 of 401 |
| Sector (Distribution) | 1 of 4 |
| Type (Secondary Buyout) | 8 of 63 |
| State (North Carolina) | 5 of 7 |
| Country (United States) | 103 of 269 |
| Year (2010) | 6 of 28 |
| Size (of disclosed) | 56 of 100 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-13 |
Lilliput Kidswear
New Delhi, India Lilliput Kidswear is a retailer of kids' apparel and accessories with a pan-nation distribution network, capacity to manufacture 11 million units per annum, and a strong and highly visible brand — 'Lilliput'. Lilliput is a cost leader because of its strong in-house manufacturing capability, which enables it to sell its merchandise to a price-sensitive target customer base at a discount to the international brands and other organized retailers and still earn attractive margins. |
Buy | $60M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-01 |
Manipal Group
Bengaluru, India Manipal Group is a pioneer in healthcare, Manipal Hospitals is among the top five healthcare providers in India serving over three million patients annually. Its focus is to develop an affordable, high-quality healthcare framework through its multispecialty and tertiary care delivery spectrum and further extend it to homecare. Manipal Group is based in Bengaluru, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 96 |
| Sector (Distribution) | 1 of 1 |
| Type (Secondary Buyout) | 8 of 38 |
| State (North Carolina) | 2 of 4 |
| Country (United States) | 24 of 82 |
| Year (2010) | 1 of 6 |
| Size (of disclosed) | 6 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-01 |
ForeSite Towers
Birmingham, Alabama, United States ForeSite Towers, LLC is a fully integrated owner, operator and developer of communication towers dedicated to providing comprehensive network services to the wireless and broadcasting industries. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-23 |
Service Champ
Chalfont, Pennsylvania, United States Service Champ is an distributor of automotive aftermarket maintenance parts and accessories to oil change shops, distributing over 4,500 consumable products, including oil filters, air filters, wiper blades, and chemicals, to locations in the United States and Canada. |
Sell | $87M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Focused |
Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 24 |
| Sector (Distribution) | 1 of 4 |
| Type (Secondary Buyout) | 1 of 9 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 2 of 20 |
| Year (2010) | 1 of 2 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-29 |
AmSafe
Phoenix, Arizona, United States AmSafe, Inc. is a provider of highly engineered, proprietary safety and securement systems for the aviation, air cargo, military and specialty vehicle markets. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-06-01 |
Electro-Motive Diesel
Lagrange, Illinois, United States Electro-Motive Diesel designs, manufactures, and sells diesel-electric locomotives for the commercial railroad applications in the United States and internationally. The company provides railway transport and diesel engine solutions for intercity passenger, commuter, switching, freight, industrial, and mining applications. It also provides diesel power engines for marine propulsion, offshore and land based oil well drilling rigs, and stationary power generation, as well as OEM parts and services for rail, marine, and power generation applications. |
Sell | $820M |
| Category | Asset Manager |
|---|---|
| Founded | 1982 |
| PE ASSETS | 21.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Investcorp International, Inc. is a publicly traded global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.
| DEAL STATS | # |
|---|---|
| Overall | 44 of 106 |
| Sector (Distribution) | 2 of 7 |
| Type (Secondary Buyout) | 10 of 35 |
| State (North Carolina) | 2 of 2 |
| Country (United States) | 29 of 62 |
| Year (2010) | 2 of 4 |
| Size (of disclosed) | 4 of 43 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-04-08 |
Antenna Software
Jersey City, New Jersey, United States Antenna Software provides mobile workers with secure access to corporate data and applications wherever and whenever it's needed. Antenna's products connect handheld computers securely to major Customer Relationship Management (CRM), Sales Force Automation (SFA), and Enterprise Resource Planning (ERP) inventory and order-processing applications. Vaultus Mobile Platform (VPM), a pure Java client-server software platform and development environment, assists the rapid development and successful deployment of mobile enterprise applications. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-03 |
Sophos
Abingdon, United Kingdom Sophos is a provider of information technology security and data protection solutions. Sophos' cloud-native and AI-enhanced solutions secure endpoints (laptops, servers and mobile devices) and networks against evolving cybercriminal tactics and techniques, including automated and active-adversary breaches, ransomware, malware, exploits, data exfiltration, phishing, and more. Sophos was founded in 1985 and is based in Abingdon, United Kingdom. |
Buy | $830M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 16.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 60 |
| Sector (Distribution) | 2 of 3 |
| Type (Secondary Buyout) | 5 of 16 |
| State (North Carolina) | 2 of 2 |
| Country (United States) | 23 of 51 |
| Year (2010) | 1 of 5 |
| Size (of disclosed) | 6 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-13 |
Grocery Outlet
Emeryville, California, United States Grocery Outlet is a value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 350 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada. Grocery Outlet stores carry an ever-changing assortment of “WOW!” deals, complemented by everyday staple products. Grocery Outlet was founded in 1946 and is based in Emeryville, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-05-26 |
Skillsoft
Nashua, New Hampshire, United States Skillsoft provides cloud-based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft's customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft was formed in 1998 and is based in Nashua, New Hampshire. |
Buy | - |
