Investment Summary |
|
|---|---|
| Date | 2022-06-01 |
| Target | Acrisure |
| Sector | Insurance |
| Investor(s) |
PSP Capital Partners
ADIA |
| Sellers(s) |
VSS Capital Partners
Harvest Partners Structured Capital The Blackstone Group Partners Group AG |
| Deal Type | Stake Purchase |
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PSP Capital Partners is the family office for Penny Pritzker. PSP Capital looks to invest in real estate, investment funds/partnerships, as well as directly in companies. The direct investment group invests in established, profitable and growing businesses in partnership with management teams. PSP seeks to commit $15 to $100 million per transaction in a variety of transaction situations including special situations, consolidations, buyouts, and recapitalizations. Sectors of interest include business services, niche manufacturing, value-added distribution, and food/agribusiness. PSP Capital Partners is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 8 |
| Sector (Insurance) | 1 of 1 |
| Type (Stake Purchase) | 1 of 1 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 7 of 7 |
| Year (2022) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-21 |
3Q Digital
Chicago, Illinois, United States 3Q Digital is a provider of digital marketing services. 3Q Digital was founded in 2008 and is based in Chicago, Illinois. |
Sell | - |
| Category | Sovereign Wealth Fund |
|---|---|
| Founded | 1976 |
| PE ASSETS | 875.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
| DEAL STATS | # |
|---|---|
| Overall | 9 of 13 |
| Sector (Insurance) | 1 of 1 |
| Type (Stake Purchase) | 3 of 4 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 4 of 6 |
| Year (2022) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Landmark Dividend
El Segundo, California, United States Landmark Dividend is an aggregator of ground leases under essential micro-infrastructure such as cell towers and billboards. Landmark’s management team pioneered the ground lease acquisition business in 2002 and has successfully closed over 4,000 transactions. Landmark offers payments to property owners in exchange for long-term ground leases and real property easements. Landmark Dividend is based in El Segundo, California. |
Buy | $972M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-29 |
VTG
Hamburg, Germany VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 4.0B USD |
| Size | Large |
| Type | Sector Agnostic |
VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1981 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 56 of 56 |
| Sector (Insurance) | 1 of 1 |
| Type (Stake Purchase) | 2 of 2 |
| State (Michigan) | 2 of 2 |
| Country (United States) | 43 of 43 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-10 |
Caravan Health
Kansas City, Missouri, United States Caravan Health is a provider of value-based care advisory services for hospitals and physician practices. It enables healthcare providers to qualify, participate and succeed under value-based payment models, with a focus on Medicare Accountable Care Organizations. Covering almost a million patient lives, the company has helped more than 14,000 providers implement population health programs with affordable, end-to-end solutions to achieve superior results. Through its unique approach, the company's partner hospitals are able to achieve high-quality scores, new competencies, and strong physician relationships that have traditionally been out of reach, while still reducing overall care costs. Caravan Health was formed in 2013 and is based in Kansas City, Missouri. |
Sell | $250M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-13 |
Center for Rheumatology
Los Angeles, California, United States Center for Rheumatology specializes in treating arthritis, rheumatoid arthritis, celiac disease, psoriasis, lupus, gout, and certain myofascial conditions. Center for Rheumatology was founded in 2008 and is based in Los Angeles, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| Size | Large |
| Type | Sector Agnostic |
Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 8 |
| Sector (Insurance) | 1 of 1 |
| Type (Stake Purchase) | 1 of 1 |
| State (Michigan) | 1 of 2 |
| Country (United States) | 6 of 7 |
| Year (2022) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-09 |
Advancing Eyecare
Jacksonville, Florida, United States Advancing Eyecare is an operator of diagnostic ophthalmic equipment company established to offer the products and service solutions in the ophthalmic equipment industry. Advancing Eyecare was founded in 2019 and is based in Jacksonville, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-08-15 |
Service Express
Grand Rapids, Michigan, United States Service Express is a provider of Third Party Maintenance (“TPM”) services for mission-critical data center infrastructure focused on server and storage equipment. Service Express was founded in 1986 and is based in Grand Rapids, Michigan. |
Sell | - |
| 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, New York.
| DEAL STATS | # |
|---|---|
| Overall | 164 of 174 |
| Sector (Insurance) | 6 of 7 |
| Type (Stake Purchase) | 9 of 10 |
| State (Michigan) | 3 of 3 |
| Country (United States) | 101 of 105 |
| Year (2022) | 4 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-10 |
Geosyntec
Boca Raton, Florida, United States Geosyntec is a consulting and engineering firm that works with private and public sector clients to address new ventures and complex problems involving the environment, natural resources, and civil infrastructure. The company is a vibrant, practice-centered business with a strong desire for continuous self-improvement and ongoing reinvention to meet the evolving needs of current clients and to productively engage with new ones. Geosyntec was formed in 1983 and is based in Boca Raton, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-10 |
Advarra
Columbia, Maryland, United States Advarra is a provider of IRB, IBC, and compliance consulting services in North America. Fully accredited by AAHRPP, the company serves pharmaceutical, biotechnology, and medical device research sponsors and contract research organizations (CROs), as well as academic medical centers, hospital systems, investigative site networks, and patient advocacy groups. Advarra was founded in 1983 and is based in Columbia, Maryland. |
Buy | - |
Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 25 |
| Sector (Insurance) | 1 of 1 |
| Type (Stake Purchase) | 2 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 11 of 11 |
| Year (2022) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-20 |
Version 1
London, United Kingdom Version 1 is an IT consulting and managed services company. Version 1 delivers technology-enabled solutions and services that transform their customers’ businesses. They bring in-depth domain experience, breadth of technology competence, and a relentless focus on service excellence and customer satisfaction to address the business challenges of enterprise customers across all industry sectors. Version 1 was founded in 1996 and is based in London, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-11 |
Budderfly
Shelton, Connecticut, United States Budderfly is a provider of guaranteed energy savings with no out-of-pocket costs for business through a unique Energy Efficiency-as-a-Service solution. Budderfly provides all the technology, 100% of the investment in efficiency upgrades, and the expertise to deliver the most energy-efficient, highest savings solution without the project risks or the frustration of competing for financial tradeoffs. Budderfly was founded in 2007 and is based in Shelton, Connecticut. |
Buy | - |
