M&A Deal Summary

ACON Investments Acquires Bargain Hunt

On February 11, 2020, private equity firm ACON Investments acquired retailer Bargain Hunt from Thomas H. Lee Partners

Acquisition Highlights
  • This is ACON Investments’ 10th transaction in the Retail sector.
  • This is ACON Investments’ 36th transaction in the United States.
  • This is ACON Investments’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-02-11
Target Bargain Hunt
Sector Retail
Buyer(s) ACON Investments
Sellers(s) Thomas H. Lee Partners
Deal Type Recapitalization

Target

Bargain Hunt

Antioch, Tennessee, United States
Bargain Hunt is an extreme value retail chain that enables customers to buy quality brand name merchandise well below normal retail pricing. Bargain Hunt was founded in 2004 and is based in Antioch, Tennessee.

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Buyer(S) 1

Buyer

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 56 of 74
Sector: Retail M&A 10 of 10
Type: Recapitalization M&A Deals 2 of 3
State: Tennessee M&A 1 of 1
Country: United States M&A 36 of 43
Year: 2020 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Pine Environmental Services

Windsor, New Jersey, United States

Pine Environmental Services is a provider of rental solutions for environmental test & measurement equipment, non-destructive testing equipment, and continuous emission stack testing equipment in North America. Pine offers a full suite of rentals, sales, and services solutions to its customers across 38 locations in the US and Canada. Pine Environmental Services was established in 1995 and is based in Windsor, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Salesland

Madrid, Spain

Salesland is a provider of direct sales and marketing services to blue-chip corporations with ~7,600 and ~3,300 sales associates in Latin America and the Iberian peninsula. Salesland is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 43 of 54
Sector: Retail M&A 1 of 2
Type: Recapitalization M&A Deals 1 of 2
State: Tennessee M&A 2 of 2
Country: United States M&A 35 of 45
Year: 2020 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Amerilife

Clearwater, Florida, United States

Amerilife engages in developing, marketing and distributing life and health insurance, annuities and retirement planning solutions to enhance the lives of pre-retirees and retirees. Amerilife was founded in 1971 and is based in Clearwater, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 Univision

New York, New York, United States

Univision entertains, informs, and empowers U.S. Hispanics with news, sports, and entertainment content across broadcast and cable television, audio, and digital platforms. The company’s media portfolio includes the Univision and UniMás broadcast networks, as well as cable networks Galavisión and TUDN. Locally, Univision owns or operates 65 television stations in major U.S. Hispanic markets and Puerto Rico. Univision was formed in 1992 and is based in New York, New York.

Sell -