M&A Deal Summary

Advent International and BCI Acquire Vantor

On December 16, 2022, private equity firm Advent International and asset manager BCI acquired information services company Vantor for 6.4B USD

Acquisition Highlights
  • This is Advent International’s 4th and BCI’s 1st transaction in the Information Services sector.
  • This is Advent International’s 2nd and BCI’s 2nd largest (disclosed) transaction.
  • This is Advent International’s 98th and BCI’s 12th transaction in the United States.
  • This is Advent International’s 4th and BCI’s 1st transaction in Colorado.

M&A Deal Summary

Date 2022-12-16
Target Vantor
Sector Information Services
Buyer(s) Advent International
BCI
Deal Type Going Private
Deal Value 6.4B USD
Advisor(s) J.P. Morgan Securities (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Vantor

Westminster, Colorado, United States
Vantor is a global communications and information company providing operational solutions to commercial and government organizations worldwide. Vantor business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development. Vantor was founded in 1969 and is based in Westminster, Colorado.

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Buyer(S) 2

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B 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 324 of 353
Sector: Information Services M&A 4 of 4
Type: Going Private M&A Deals 17 of 23
State: Colorado M&A 4 of 4
Country: United States M&A 98 of 106
Year: 2022 M&A 11 of 12
Size (of disclosed) 2 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 IFS Energy & Resources

Denver, Colorado, United States

IFS Energy & Resources is an independent provider of software and data solutions exclusively serving the upstream oil and gas, mining, and resource industries. Professionals from more than 1,700 companies globally rely on IFS’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. IFS Energy and Resources possesses more than 90 years of experience in data and 30 years in software and has offices around the world. IFS Energy & Resources is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-26 Suven Pharma

Hyderabad, India

Suven Pharma is a biopharmaceutical company that develops, manufactures, and sells new chemical entity-based intermediates, active pharmaceutical ingredients, specialty chemicals, and formulated drugs under contract research and manufacturing services for pharmaceutical, biotechnology, and chemical companies. Suven Pharma was founded in 2018 and is based in Hyderabad, Telangana.

Buy -
Buyer

BCI

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1999
PE ASSETS 21.1B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

British Columbia Investment Management Corp. (BCI) is large asset manager focused on providing investment management services to British Columbia’s public sector. The Firm looks to invest in a range of asset categories and will consider opportunities globally. BCI's private equity practice was established in 1995 and seeks leverage buyout and growth equity opportunities that include market leading companies with tangible downside protection. Portfolio companies have a sustainable competitive advantage, offer value-added products and services, and are led by talented management teams. British Columbia Investment Management Corp. is headquartered in Victoria, British Columbia.


DEAL STATS #
Overall 28 of 32
Sector: Information Services M&A 1 of 1
Type: Going Private M&A Deals 3 of 5
State: Colorado M&A 1 of 1
Country: United States M&A 12 of 15
Year: 2022 M&A 6 of 6
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 HLS

Hong Kong, China

HLS is a global non-vessel-operating common carrier (“NVOCC”) providing freight forwarding services. HLS was founded in 1997 and is based in Hong Kong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-16 Consolidated Communications

Mattoon, Illinois, United States

Consolidated Communications is an integrated communications services company that operates as both an Incumbent Local Exchange Carrier and a Competitive Local Exchange Carrier dependent upon the territory served. Consolidated provides an array of services in consumer, commercial and carrier channels in 11 states, including local and long-distance service, high-speed broadband Internet access, video services, VoIP, custom calling features, private line services, carrier grade access services, network capacity services over our regional fiber optic networks, data center and managed services, directory publishing, equipment sales and cloud data services. Consolidated Communications was incorporated in 1894 and is based in Mattoon, Illinois.

Buy $3.1B