M&A Deal Summary

Bright Event Rentals Acquires Classic Party Rentals

On April 6, 2018, Bright Event Rentals acquired business services company Classic Party Rentals from Apollo Global Management

Acquisition Highlights
  • This is Bright Event Rentals’ 1st transaction in the Business Services sector.
  • This is Bright Event Rentals’ 1st transaction in the United States.
  • This is Bright Event Rentals’ 1st transaction in California.

M&A Deal Summary

Date 2018-04-06
Target Classic Party Rentals
Sector Business Services
Buyer(s) Bright Event Rentals
Sellers(s) Apollo Global Management
Deal Type Add-on Acquisition

Target

Classic Party Rentals

Inglewood, California, United States
Classic Party Rentals is an event rental company. Classic Party Rental offers a large range of wedding rentals, banquet event rentals, party tents, dance floors, table & chair items for your party or event. Classic Party Rentals is based in Inglewood, California.

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Buyer(S) 1

Buyer

Bright Event Rentals

Los Angeles, California, United States

Category Company
Sector Business Services
DESCRIPTION

Bright Event Rentals is a full-service rental company that offers rentals and site-planning services for parties and special events of any size in California and Arizona. Bright Event Rentals is based in Los Angeles, California.


DEAL STATS #
Overall 1 of 2
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Peak Event Services

Woburn, Massachusetts, United States

Peak Event Services is a provider of event & tent rental services in the US. Peak’s rental services include a deep, diversified inventory of party and event equipment, both traditional and boutique table linens, and expert tenting services. PPC Event Services was formed in 1952 and is based in Woburn, Massachusetts.

Buy -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B 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 33 of 77
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 25
State: California M&A 3 of 8
Country: United States M&A 27 of 54
Year: 2018 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-19 Claire s

Hoffman Estates, Illinois, United States

Claire's is an international specialty retailer offering value-priced costume jewelry and accessories to fashion-aware tweens, teens, and young adult females. Claire's was founded in 1974 and is based in Hoffman Estates, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-25 OneMain Financial

Evansville, Indiana, United States

OneMain Financial is a consumer finance company focused on providing loan products to customers through a nationwide branch network and internet lending platform. OneMain Financial was founded in 1912 and is based in Evansville, Indiana.

Buy -