Investment Summary

Berkshire Partners and Permira Invest In Tract

On January 1, 2023, private equity firms Berkshire Partners and Permira invested in construction company Tract

Investment Highlights
  • This is Berkshire Partners’ 1st and Permira’s 1st transaction in the Construction sector.
  • This is Berkshire Partners’ 89th and Permira’s 43rd transaction in the United States.
  • This is Berkshire Partners’ 1st and Permira’s 1st transaction in Colorado.

Investment Summary

Date 2023-01-01
Target Tract
Sector Construction
Investor(s) Berkshire Partners
Permira
Deal Type Growth Capital

Target

Tract

Denver, Colorado, United States
Tract is a data center land acquisition and development company led by an experienced team of digital infrastructure experts that are dedicated to accelerating responsible data center growth. Tract was founded in 2022 and is based in Denver, Colorado.

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Investor(S) 2

Investor

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 101 of 105
Sector: Construction M&A 1 of 1
Type: Growth Capital M&A Deals 22 of 24
State: Colorado M&A 1 of 1
Country: United States M&A 89 of 93
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 MedOne

Hod Hasharon, Israel

MedOne provides carrier-neutral colocation, interconnection, and hybrid cloud services to the global cloud and content customers, multinational technology companies, and local enterprises and government entities. The company operates over 25,000 square meters of data center capacity across four highly secure, underground sites in Israel, with additional sites under development. Its facilities are strategically situated at the heart of Israel’s interconnection ecosystem, offering customers access to the densest collection of global and local networks and cloud operators, including the Israeli Internet Exchange. MedOne was formed in 1997 and is based in Hod Hasharon, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 Mielle Organics

Merrillville, Indiana, United States

Mielle Organics is a hair care and beauty brand that believes healthier ingredients encourage healthier hair and skin. Mielle Organics products have taken the hair care industry by storm and have been widely recognized for results-driven products and excellent customer service. Mielle Organics is based in Merrillville, Indiana.

Sell -
Investor

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 157 of 170
Sector: Construction M&A 1 of 1
Type: Growth Capital M&A Deals 9 of 10
State: Colorado M&A 1 of 1
Country: United States M&A 43 of 47
Year: 2023 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Octus

New York, New York, United States

Octus is a provider of real-time news, commentary, and analysis on issues affecting the distressed debt, event-driven, and leveraged finance markets. Octus was founded in 2013 and is based in New York, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-27 Acuity Knowledge Partners

London, United Kingdom

Acuity Knowledge Partners is a provider of high-value research, analytics, and business intelligence to the financial services sector. It Partners supports over 300+ financial institutions and consulting companies through a team of over 2,500+ subject matter experts who work as an extension of the clients’ teams based out of various global delivery centers. Acuity Knowledge Partners was founded in 2002 and is based in London, United Kingdom.

Buy -