M&A Deal Summary

ABRY Partners Acquires CIBT

On January 17, 2012, private equity firm ABRY Partners acquired business services company CIBT from Audax Private Equity and American Capital for 215M USD

Acquisition Highlights
  • This is ABRY Partners’ 10th transaction in the Business Services sector.
  • This is ABRY Partners’ 10th largest (disclosed) transaction.
  • This is ABRY Partners’ 71st transaction in the United States.
  • This is ABRY Partners’ 2nd transaction in District of Columbia.
Investment Fate
  • CIBT was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2012-01-17
Target CIBT
Sector Business Services
Buyer(s) ABRY Partners
Sellers(s) Audax Private Equity
American Capital
Deal Type Secondary Buyout
Deal Value 215M USD

Target

CIBT

Washington, District of Columbia, United States
CIBT is a global provider of mobility services including visa, passport, and immigration documentation. CIBT serves multinational corporations, global travel management companies, tour and cruise operators, government agencies, and individual travelers. CIBT’s services simplify the time-consuming and complicated process of obtaining required travel documents and work authorizations, while providing an accurate and compliant service for corporate customers. CIBT was founded in 1989 and is based in Washington, Washington DC.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 80 of 175
Sector: Business Services M&A 10 of 23
Type: Secondary Buyout M&A Deals 14 of 42
State: District of Columbia M&A 2 of 2
Country: United States M&A 71 of 145
Year: 2012 M&A 6 of 10
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-13 Hanley Wood

Washington, District of Columbia, United States

Hanley Wood is a media and information company serving the housing and commercial design and construction industries. Hanley Wood provides magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions. Hanley Wood was founded in 1976 and is based in Washington. District of Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-18 Atlantic Broadband Group

Quincy, Massachusetts, United States

Atlantic Broadband is a cable operator which provides analog and digital video services as well as high-speed data services to subscribers in Miami Beach, Western Pennsylvania, Maryland, and Delaware.

Sell $1.4B

Seller(S) 2

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 23 of 109
Sector: Business Services M&A 1 of 9
Type: Secondary Buyout M&A Deals 10 of 61
State: District of Columbia M&A 1 of 2
Country: United States M&A 22 of 103
Year: 2012 M&A 1 of 7
Size (of disclosed) 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 ColorMatrix

Berea, Ohio, United States

ColorMatrix Group, Inc. is a manufacturer of liquid color and additive concentrates for thermoplastic products. ColorMatrix serves customers in the blow molding, industrial extrusion, and performance molding industries who manufacture beverage bottles, vinyl siding, vinyl pipe, and other plastic products.

Sell $486M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Sell -
SELLER

American Capital


Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.


DEAL STATS #
Overall 134 of 194
Sector: Business Services M&A 10 of 14
Type: Secondary Buyout M&A Deals 44 of 71
State: District of Columbia M&A 1 of 1
Country: United States M&A 131 of 186
Year: 2012 M&A 1 of 8
Size (of disclosed) 29 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 Securus Technologies

Dallas, Texas, United States

Securus Technologies is a provider of specialized telecommunications products and services, including security-enhanced call processing, call validation and billing for the corrections communications marketplace. Securus Technologies was founded in 1986 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Sell -