M&A Deal Summary

Advent International Acquires Aimbridge Hospitality

On January 7, 2019, private equity firm Advent International acquired business services company Aimbridge Hospitality from Lee Equity Partners and General Atlantic

Acquisition Highlights
  • This is Advent International’s 20th transaction in the Business Services sector.
  • This is Advent International’s 75th transaction in the United States.
  • This is Advent International’s 8th transaction in Texas.

M&A Deal Summary
Date 2019-01-07
Target Aimbridge Hospitality
Sector Business Services
Buyer(s) Advent International
Sellers(s) Lee Equity Partners
General Atlantic
Deal Type Secondary Buyout

Target

Aimbridge Hospitality

Plano, Texas, United States
Aimbridge Hospitality is an independent hotel investment and management firm. Aimbridge Hospitality offers an unrivaled track record of creating and maximizing asset value and holds an enviable position as an exclusive management company approved to operate all brands within the Marriott, Hilton, Hyatt, Starwood, Wyndham, and InterContinental systems as well as their respective newly launched soft brands. Aimbridge Hospitality was founded in 2003 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 266 of 340
Sector (Business Services) 20 of 21
Type (Secondary Buyout) 43 of 53
State (Texas) 8 of 9
Country (United States) 75 of 100
Year (2019) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Concardis

Eschborn, Germany

Concardis is a payment service provider that offers intelligent solutions to meet the extensive requirements for a modern cashless payment process the ability to accept payments made with all major credit and debit cards, including card terminals and contactless payment processes for face-to-face retailers, innovative solutions for e-commerce and m-commerce, as well as support in the form of customer management. Concardis was founded in 2003 and is based in Eschborn, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Prisma Medios de Pago

Buenos Aires, Argentina

Prisma Medios de Pago is a provider of payment technology solutions, enabling connections between financial institutions, merchants, and consumers by developing high-quality and secure solutions across the whole payments value chain. Prisma Medios de Pago was founded in 1983 and is based in Buenos Aires, Argentina.

Buy -

Seller(S) 2

SELLER

Lee Equity Partners

New York, New York, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lee Equity Partners is a private investment firm that looks for buyout and growth capital investments across a range of industries. Lee Equity Partners seeks investments requiring $50 to $150 million of equity capital. Lee Equity Partners was formed in 2006 by Thomas H. Lee, formerly of Thomas H. Lee Partners, LP.

DEAL STATS #
Overall 11 of 17
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 4 of 9
State (Texas) 3 of 3
Country (United States) 10 of 16
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 McLarens

Peachtree Corners, Georgia, United States

McLarens is a global insurance services provider with offices and operations strategically located around the world. With a focus on complex, commercial and niche markets, McLarens provides loss adjusting and claims management services, as well as auditing and pre-risk surveying. The company’s global footprint enables it to provide streamlined consistent service to global customers, while at the same time delivering local expertise and responsive service. McLarens was founded in 1931 and is based in Peachtree Corners, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 K2 Insurance

San Diego, California, United States

K2 Insurance is an insurance services holding company, which owns a diverse group of MGAs that underwrite and distribute specialty property and casualty insurance products. K2 Insurance was founded in 2011 and is based in San Diego, California.

Buy -
SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 73.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 98 of 147
Sector (Business Services) 14 of 17
Type (Secondary Buyout) 17 of 25
State (Texas) 4 of 6
Country (United States) 52 of 75
Year (2019) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Zongteng

Fuzhou, China

Zongteng is a cross-border logistics service provider for E-commerce sellers in China. It offers end-to-end cross-border logistics and overseas warehousing services. It also operates an export e-commerce business focusing on categories such as auto parts and household products. Zongteng was founded in 2007 and is based in Fuzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Aroundhome

Berlin, Germany

Beko Käuferportal GmbH is an online portal in Germany that connects customers with a vendor network for consulting-intensive products and services for home improvement and financial services. The online service helps consumers obtain and compare offers from regional companies before making a major purchase. KäuferPortal announced its gradual expansion into the rest of Europe. Together with their partners, they now sell products and services worth EUR 500 million annually and employ more than 350 people in six locations across Europe.

Sell $161M
Mergr

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