M&A Deal Summary |
|
|---|---|
| Date | 2017-12-21 |
| Target | Venerable |
| Sector | Financial Services |
| Buyer(s) |
Apollo Global Management
Crestview Partners Reverence Capital Partners |
| Sellers(s) | Voya |
| Deal Type | Divestiture |
| Advisor(s) | Barclays Investment Bank (Financial) Sidley (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Asset Manager |
|---|---|
| Founded | 1990 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 76 of 140 |
| Sector (Financial Services) | 5 of 9 |
| Type (Divestiture) | 14 of 26 |
| State (Pennsylvania) | 5 of 7 |
| Country (United States) | 57 of 101 |
| Year (2017) | 9 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-19 |
Qdoba Restaurant
San Diego, California, United States Qdoba Restaurant operates and franchises fast-casual Mexican restaurants under the name Qdoba Mexican Grill. Qdoba Mexican Grill combines fresh ingredients with an innovative combination of sauces and marinades to create non-traditional, fast-casual Mexican fare. Qdoba Restaurant was founded in 1995 and is based in San Diego, California. |
Buy | $305M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-19 |
ADT
Boca Raton, Florida, United States ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was founded in 1874 and is based in Boca Raton, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 10.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 55 |
| Sector (Financial Services) | 6 of 9 |
| Type (Divestiture) | 3 of 4 |
| State (Pennsylvania) | 2 of 2 |
| Country (United States) | 26 of 44 |
| Year (2017) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-05-24 |
WideOpenWest
Englewood, Colorado, United States WideOpenWest is a provider of high-speed Internet, cable TV, and phone serving communities in the U.S. WOW's operating philosophy is to deliver an employee and customer experience that lives up to its name. WideOpenWest was founded in 2001 and is based in Englewood, Colorado. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-01 |
Hornblower Group
San Francisco, California, United States Hornblower Group provides experiences and transportation services under two premier experience divisions: City Experiences, its land- and water-based experiences as well as ferry and transportation services; and Journey Beyond, Australia's leading experiential travel group. The group's portfolio of international offerings includes water-based experiences (dining and sightseeing cruises), land-based experiences (walking tours, food tours, and excursions), overnight experiences (cruises and railways), and ferry and transportation services. Hornblower Group was founded in 1980 and is based in San Francisco, California. |
Buy | - |
Reverence Capital Partners is a specialist private investment firm focused on investing in global, middle-market financial services businesses. Specific areas of interest include insurance, asset/wealth management, depositories, finance, financial technology/payments, and capital markets. The Firm targets control and influence-oriented minority investments and typically collaborates with management to drive long-term success. Reverence Capital Partners was formed in 2013 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 13 |
| Sector (Financial Services) | 4 of 7 |
| Type (Divestiture) | 2 of 5 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 5 of 13 |
| Year (2017) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-01 |
CardWorks
Woodbury, New York, United States CardWorks is a consumer finance lender and servicer, and a people-centric, compliance-focused organization enabled by data and technology. CardWorks was founded in 1987 and is based in Woodbury, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-03-07 |
Transact
Scottsdale, Arizona, United States Transact is a provider of campus engagement and payments solutions and a first-mover innovator in NFC mobile credentials, Transact enables institutions to identify and engage students, elevating the student experience through mission-critical transactions. Transact is based in Scottsdale, Arizona. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1999 |
| Sector | Financial Services |
| Employees | 9,000 |
| Revenue | 7.2B USD (2023) |
Voya is a diversified financial services company, that offers retirement, investment, and insurance products within the US. Voya was founded in 1999 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Financial Services) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-11 |
Pen-Cal Administrators
Pleasanton, California, United States Pen-Cal Administrators, Inc. is a provider of nonqualified deferred compensation benefit plans and consulting services. Pen-Cal Administrators was founded in 1980 and is based in Pleasanton, California. |
Buy | - |
