M&A Deal Summary |
|
|---|---|
| Date | 2013-09-09 |
| Target | Neiman Marcus |
| Sector | Retail |
| Buyer(s) |
Ares Private Equity Group
CPP Investments |
| Sellers(s) |
Warburg Pincus
TPG Leonard Green & Partners aPriori Capital Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 6.0B USD |
| Advisor(s) | Credit Suisse Investment Banking (Financial) Cleary Gottlieb Steen & Hamilton (Legal) |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 98 |
| Sector (Retail) | 6 of 7 |
| Type (Secondary Buyout) | 16 of 39 |
| State (Texas) | 5 of 9 |
| Country (United States) | 42 of 82 |
| Year (2013) | 4 of 6 |
| Size (of disclosed) | 1 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-02-05 |
Cast & Crew
Burbank, California, United States Cast & Crew is a provider of software and services to the entertainment production industry. Cast & Crew's software products and services assist in the areas of payroll & human resources, accounting & financial, and workflow & productivity. Cast & Crew was founded in 1976 and is based in Burbank, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-30 |
AZEK
Chicago, Illinois, United States AZEK is a manufacturer of beautiful, low-maintenance residential and commercial building products, and is committed to accelerating the use of recyclable materials. The company is completely focused on leveraging our expertise in materials science and its customer-centric approach to engineer and manufacture the most beautiful, most sustainable building products to improve the lives and businesses of our customers. AZEK is based in Chicago, Illinois. |
Buy | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 51 |
| Sector (Retail) | 1 of 4 |
| Type (Secondary Buyout) | 2 of 11 |
| State (Texas) | 3 of 6 |
| Country (United States) | 4 of 26 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 9 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-03 |
Bullring
Birmingham, United Kingdom Bullring Limited operates as a shopping center. It offers space for fashion and food retailers. |
Buy | £307M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-21 |
Wilton Re Holdings
Norwalk, Connecticut, United States Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York. |
Buy | $1.8B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 90 of 251 |
| Sector (Retail) | 2 of 7 |
| Type (Secondary Buyout) | 10 of 42 |
| State (Texas) | 9 of 25 |
| Country (United States) | 58 of 137 |
| Year (2013) | 12 of 21 |
| Size (of disclosed) | 5 of 63 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-20 |
Modernizing Medicine
Boca Raton, Florida, United States Modernizing Medicine is a provider of specialty-specific health information technology. Its flagship product, the EMA, is a cloud-based, specialty-specific EHR system. The company’s suite of products also includes practice management and revenue cycle management solutions as well as telehealth for dermatology and analytics. Modernizing Medicine was founded in 2009 and is based in Boca Raton, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-16 |
Spigit
Pleasanton, California, United States Spigit, Inc. is an early-stage software company that provides innovation/idea management services to enterprise customers. It provides customers with collaborative, social networking tools to engage employees and customers for business innovation and idea discovery. Users submit, review, vote and provide feedback on ideas on the platform. Spigit was founded in 2007 and is based in Pleasanton, California. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 104 of 267 |
| Sector (Retail) | 7 of 13 |
| Type (Secondary Buyout) | 6 of 36 |
| State (Texas) | 12 of 26 |
| Country (United States) | 76 of 193 |
| Year (2013) | 11 of 22 |
| Size (of disclosed) | 7 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-05 |
IQVIA
Durham, North Carolina, United States IQVIA is a provider of advanced analytics, technology solutions, and contract research services to the life sciences industry in the Americas, Europe, Africa, and the Asia-Pacific. IQVIA was founded in 2016 and is based in Durham, North Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-16 |
Healthium
Bengaluru, India Healthium is a manufacturer and marketer of surgical and medical consumables including surgical sutures, staplers, suturing needles, other wound closure products, surgical gloves, urology products, and a range of minimally invasive solutions. Healthium was formed in 1992 and is based in Bengaluru, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 54 |
| Sector (Retail) | 5 of 15 |
| Type (Secondary Buyout) | 5 of 18 |
| State (Texas) | 2 of 9 |
| Country (United States) | 13 of 51 |
| Year (2013) | 1 of 4 |
| Size (of disclosed) | 3 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-06 |
Clean Energy
Newport Beach, California, United States Clean Energy is a provider of vehicular natural gas (CNG and LNG) as an alternative fuel to vehicle fleets across the US. Clean Energy was founded in 2001 and is based in Newport Beach, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-14 |
Rite Aid
Philadelphia, Pennsylvania, United States Rite Aid is a drugstore chain. Rite Aid operates through two segments, Retail Pharmacy and Pharmacy Services. Rite Aid was founded in 1962 and is based in Philadelphia, Pennsylvania. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.
| DEAL STATS | # |
|---|---|
| Overall | 39 of 51 |
| Sector (Retail) | 1 of 1 |
| Type (Secondary Buyout) | 9 of 13 |
| State (Texas) | 5 of 5 |
| Country (United States) | 31 of 38 |
| Year (2013) | 2 of 3 |
| Size (of disclosed) | 4 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-20 |
Warner Chilcott
Ardee, Ireland Warner Chilcott is a global specialty pharmaceutical company currently focused on the gastroenterology, women's healthcare, dermatology and urology segments of the North American and Western European pharmaceuticals markets. |
Sell | $8.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-26 |
Grohe Deutschland Vertriebs
Deutschland, Germany Grohe Deutschland Vertriebs GmbH is a manufacturers of sanitary fittings (taps, faucets and showers), offering a broad range of products for handling water in bathrooms and kitchens. |
Sell | $4.1B |
