M&A Deal Summary |
|
|---|---|
| Date | 2012-07-19 |
| Target | Suddenlink |
| Sector | Communications |
| Buyer(s) |
BC Partners
ATP Private Equity Partners |
| Sellers(s) |
Cequel III
Charterhouse Strategic Partners Quadrangle Group TJC Goldman Sachs Merchant Banking |
| Deal Type | Secondary Buyout |
| Deal Value | 6.6B USD |
| Advisor(s) | Goldman Sachs (Financial) Paul Hastings Seyfarth Shaw (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 30.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
BC Partners is a large investment group focused on private equity, credit, real estate, and co-investment strategies. The Firm's private equity group looks to make control investments in European and North American businesses valued above €300 million. Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and is based in London, England.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 96 |
| Sector (Communications) | 3 of 4 |
| Type (Secondary Buyout) | 18 of 40 |
| State (Missouri) | 1 of 1 |
| Country (United States) | 7 of 18 |
| Year (2012) | 1 of 4 |
| Size (of disclosed) | 3 of 42 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-01 |
Fitness First Group
Dorset, United Kingdom Fitness First Group Ltd. is a health club operator in the world with over one million members and over 400 clubs in 15 countries. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-25 |
Accudyne Industries
Neuve, Luxembourg Accudyne Industries is a global provider of precision-engineered, process-critical and technologically advanced flow control equipment, systems and high efficiency industrial compressors that deliver consistently high performance and give confidence to customers in the critical industries and serve environments around the world. Accudyne is powered by approximately 2,000 employees at 10 manufacturing facilities, supporting a broad range of customers in more than 150 countries. |
Buy | $3.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 10.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 44 |
| Sector (Communications) | 3 of 3 |
| Type (Secondary Buyout) | 8 of 17 |
| State (Missouri) | 1 of 1 |
| Country (United States) | 9 of 19 |
| Year (2012) | 1 of 2 |
| Size (of disclosed) | 4 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-14 |
Spheros
Gilching, Germany Spheros is engaged in the development and manufacture of air conditioning systems, heaters, coolant pumps, and other related hardware. Spheros offers tailored solutions for all passenger buses and coaches (both conventional and electric), as well as refrigerated transportation fleets. Spheros was founded in 1956 and is based in Gilching, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-10 |
Anywhere Real Estate
Madison, New Jersey, United States Anywhere Real Estate is a consumer services company offering retail brokerage and relocation services. Its brands include Century 21, Coldwell Banker, Coldwell Banker Commercial, ERA, Sothebys International Realty, and Better Homes and Gardens Real Estate. Anywhere Real Estate is headquartered in Madison, New Jersey. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| Size | Small |
| Type | Sector Agnostic |
Cequel III LLC is a specialist investment and management firm focused on the development of cable and telecommunications companies. Cequel was formed in 2002 and is based in St. Louis, Missouri.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 8 |
| Sector (Communications) | 3 of 3 |
| Type (Secondary Buyout) | 1 of 2 |
| State (Missouri) | 1 of 2 |
| Country (United States) | 3 of 8 |
| Year (2012) | 1 of 2 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-11-01 |
Perimeter Technology Center
Oklahoma City, Oklahoma, United States Perimeter Technology Center is a provider of data center colocation and managed hosting services in the Oklahoma region, with facilities in Oklahoma City and Tulsa. Perimeter Technology Center is based in Oklahoma City, Oklahoma. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-01 |
Excell Communications
Birmingham, Alabama, United States Excell Communications, Inc. is project firms serving the telecommunications industry that provides site acquisition, engineering, environmental and regulatory compliance, general contracting, maintenance, construction, and other project management. Excell Communications was founded in 1998 and is based in Birmingham, Alabama. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1973 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Charterhouse Strategic Partners is a private equity firm that targets investments in middle market companies located throughout North America. Charterhouse typically pursues companies valued between $25 and $150 million, however the firm will also consider new platform companies valued less than $50 million if there is the possibility for rapid expansion (organic or through acquisitions). Target companies generally possess highly motivated management with a proven track record, scalable business models, sustainable competitive advantages (brand recognition/proprietary products), and a leading position in a growing market. Broad sectors of interest include business services, healthcare services, consumer products, and consumer services. Charterhouse was founded in 1973 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 16 |
| Sector (Communications) | 3 of 3 |
| Type (Secondary Buyout) | 5 of 6 |
| State (Missouri) | 1 of 1 |
| Country (United States) | 12 of 15 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 1 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-12 |
MXenergy
Stamford, Connecticut, United States MXenergy, Inc. is a retail marketer of natural gas and electricity contracts to residential and small commercial customers in 11 states and within two provinces in Canada. The Company offers variable-rate gas and electricity contracts and fixed-price gas contracts of up to three years in length. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-28 |
Rudi s Organic Bakery
Boulder, Colorado, United States Rudi's is a leading marketer, manufacturer and distributor of certified organic and certified gluten-free breads, buns, muffins, tortillas and related baked goods. The Company primarily sells branded products through natural food chains, independent health food stores, conventional supermarkets and the club channel. The Company's flagship brands include Rudi's Organic Bakery™ and Rudi's Gluten Free Bakery. |
Sell | $61M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Quadrangle Group is a specialist private equity firm focused on the information and communications technology services sectors. Quadrangle was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 20 |
| Sector (Communications) | 5 of 7 |
| Type (Secondary Buyout) | 3 of 4 |
| State (Missouri) | 1 of 1 |
| Country (United States) | 14 of 16 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-12-14 |
Bresnan Communications
Purchase, New York, United States Bresnan Communications LLC operates cable television systems serving approximately 300,000 basic subscribers in Montana, Wyoming, Colorado and Utah. Bresnan delivers advanced products and services such as high-speed Internet access, high-definition television, video-on-demand and telephone to residential and business customers across an upgraded network. |
Sell | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-03-21 |
Intrado
Omaha, Nebraska, United States Intrado is a cloud-based, global technology partner to clients around the world. The Company's solutions connect people and organizations at the right time and in the right ways, making those mission-critical connections more relevant, engaging, and actionable - turning Information to Insight. Intrado was formed in 1986 and is based in Omaha, Nebraska. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1982 |
| PE ASSETS | 14.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 58 |
| Sector (Communications) | 1 of 1 |
| Type (Secondary Buyout) | 8 of 29 |
| State (Missouri) | 3 of 3 |
| Country (United States) | 24 of 56 |
| Year (2012) | 1 of 3 |
| Size (of disclosed) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-10 |
VTG
Chantilly, Virginia, United States VTG is a provider of engineering and logistics services primarily in support of platform sustainment initiatives and operational readiness for the U.S. Department of Defense and other government agencies. VTG was founded in 2005 and is based in Arlington, Virginia. |
Buy | $99M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-02 |
Kinetek
Deerfield, Illinois, United States Kinetek is a global manufacturing enterprise that provides custom engineered control, motor and drive system solutions for world class customers in the elevator/escalator, commercial floor care, material handling/aerial lift, commercial food equipment, golf car/utility vehicle, renewable energy and medical markets. Kinetek product lines include AC, DC and brushless DC electric motors, pumps, gearing, gearboxes, fans, transaxles, human machine interface products, and electronic controls/systems. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 110 |
| Sector (Communications) | 7 of 8 |
| Type (Secondary Buyout) | 10 of 32 |
| State (Missouri) | 1 of 1 |
| Country (United States) | 26 of 78 |
| Year (2012) | 6 of 8 |
| Size (of disclosed) | 4 of 32 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-04 |
Drayer Physical Therapy Institute
Hummelstown, Pennsylvania, United States Drayer Physical Therapy Institute is a operator of outpatient physical therapy clinics primarily focused on treating sports-related injuries and orthopedic disorders. The company operates 40 clinics, serving more than 30,000 patients annually. Drayer?s strategy is to operate its own clinics as well as to manage clinics owned by orthopedic physician groups. Drayer participates in a market that is gaining increasing awareness and acceptance among the provider and payor communities as physical therapy provides beneficial clinical outcomes at a fraction of the cost of surgeries or other diagnostic procedures. The company currently has owned and managed clinics in Pennsylvania, Kentucky, Maryland, New Jersey, New York, Georgia, and South Carolina. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-10-24 |
Bright Horizons
Newton, Massachusetts, United States Bright Horizons is a provider of early education and preschools, employer-sponsored child care, back-up care, educational advisory services and other work/life solutions. Bright Horizons was incorporated in 1986 and is based in Newton, Massachusetts. |
Sell | - |
