M&A Deal Summary

Apollo Global Management and Manhattan Partners Acquire Constellis

On August 12, 2016, asset manager Apollo Global Management and private equity firm Manhattan Partners acquired safety/security company Constellis

Acquisition Highlights
  • This is Apollo Global Management’s 3rd and Manhattan Partners’ 1st transaction in the Safety/Security sector.
  • This is Apollo Global Management’s 47th and Manhattan Partners’ 1st transaction in the United States.
  • This is Apollo Global Management’s 1st and Manhattan Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2016-08-12
Target Constellis
Sector Safety/Security
Buyer(s) Apollo Global Management
Manhattan Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Constellis

Herndon, Virginia, United States
Constellis is a provider of complex risk management and operational support services to government and commercial clients worldwide. From logistics, life support and security to training, technology and advisory services, company offer a full range of program and risk management solutions to help organizations conduct business safely and efficiently no matter where they are in the world. Constellis was founded in 2010 and is based in Herndon, Virginia.

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Buyer(S) 2

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 65 of 139
Sector (Safety/Security) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 9 of 18
State (Virginia) 1 of 2
Country (United States) 47 of 101
Year (2016) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Outerwall

Bellevue, Washington, United States

Outerwall is a provider of retail kiosks in North America and the UK. Outerwall operates Coinstar money kiosks, Redbox DVD rental kiosks, as well as ATM machines. Outerwall was formed in 1989 and is based in Bellevue, Washington.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-26 Rackspace

San Antonio, Texas, United States

Rackspace is a provider of cloud computing services and managing hosting services for small and medium-sized businesses and large corporations. Rackspace was formed in 1998 and is based in San Antonio, Texas.

Buy $4.3B
Buyer

Manhattan Partners

Manhattan Beach, California, United States
Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Manhattan Partners is a private investment firm focused on growth stage and special situation transactions. Manhattan pursues these areas through two separate units, Manhattan Growth Partners and Manhattan Strategic Ventures. MGP looks for control when targeting 'growth equity infusions and acquisitions'. MSV seeks 'operating companies with significant opportunity for value creation'. Manhattan Partners was formed in 2010 and is based in Manhattan Beach, California.

DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Mergr

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