M&A Deal Summary |
|
|---|---|
| Date | 2023-04-12 |
| Target | Triton International |
| Sector | Transportation |
| Buyer(s) | Brookfield |
| Sellers(s) |
HarbourVest Partners
Vestar Capital Partners Warburg Pincus |
| Deal Type | Add-on Acquisition |
| Deal Value | 13.3B USD |
| Advisor(s) | Goldman Sachs (Financial) Sullivan & Cromwell (Legal) |
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| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Utilities |
| Revenue | 14.4B USD (2022) |
Brookfield operates long life, high quality infrastructure assets with high barriers to entry and low maintenance capital requirements that generate stable and growing cash flows. Brookfield was founded in 2007 and is based in Toronto, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 7 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| Country (Bermuda) | 1 of 1 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-22 |
Inter Pipeline
Calgary, Alberta, Canada Inter Pipeline is a major petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Inter Pipeline is a publicly traded corporation that owns and operates a diversified combination of energy infrastructure assets in western Canada and northern Europe. Inter Pipeline was founded in 1997 and is based in Calgary, Canada. |
Buy | CA$4.9B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-20 |
Compass Datacenters
Dallas, Texas, United States Compass Datacenters is a data center developer. Compass Datacenters provides enterprises, service providers, and hyperscale customers with solutions that reflect a dramatic change from conventional alternatives like wholesale colocation or traditional construction build-to-suits. Compass Datacenters was established in 2011 and is based in Dallas, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 123 of 132 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 52 of 57 |
| Country (Bermuda) | 1 of 1 |
| Year (2023) | 1 of 6 |
| Size (of disclosed) | 1 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-29 |
Lucid
New Orleans, Louisiana, United States Lucid is a research technology (ResTech) platform that delivers programmatic access to first-party survey data. This data can be used to build business strategies, measure the impact of digital advertising, publish research, and more. Lucid was founded in 2010 and is based in New Orleans, Louisiana. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-30 |
Elatec
Puchheim, Germany Elatec is a provider in the development and global sales of contactless (RFID, NFC, Bluetooth) and contact (SmartCard) readers/writers. Elatec modules enable the clear identification of individual users on end devices and are used across a broad range of numerous applications and solutions, such as secure printing, elevator systems, fitness devices, industrial production, kiosk, physical access, and point-of-sale systems. Elatec was founded in 1988 and is based in Puchheim, Germany. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 11.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Vestar Capital Partners is a private equity firm that targets management buyouts and growth capital investments across North America and Europe in the consumer, business services, and healthcare sectors. The Firm looks to invest $50 to $150 million in transactions valued up to $1 billion. Specific areas of interest include food, apparel, household goods, retail, consumer services, industrial services, information services, manufacturing, distribution, transportation, financial services, media/communications, digital health media, and medical technology. Vestar Capital Partners was formed in 1988 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 64 of 66 |
| Sector (Transportation) | 1 of 1 |
| Type (Add-on Acquisition) | 26 of 28 |
| Country (Bermuda) | 3 of 3 |
| Year (2023) | 1 of 2 |
| Size (of disclosed) | 1 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-05 |
Titan Frozen Fruit
Santa Maria, California, United States Titan Frozen Fruit is a strawberry ingredient processor specializing in California varieties of IQF (individual quick frozen), purees, concentrates and block frozen strawberry products. Titan Frozen Fruit was formed in 2014 and is based in Santa Maria, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-11 |
Don
Woodridge, Illinois, United States Don is a distributor of food service equipment and supplies to all types of food service businesses including independent restaurants, national chains, health care, hospitality, country clubs, schools and universities, government institutions, and food service management. Don was formed in 1921 and is based in Woodridge, Illinois. |
Sell | - |
| 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 | 244 of 251 |
| Sector (Transportation) | 8 of 9 |
| Type (Add-on Acquisition) | 86 of 90 |
| Country (Bermuda) | 2 of 2 |
| Year (2023) | 3 of 8 |
| Size (of disclosed) | 1 of 63 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-31 |
Polyplus
Illkirch, France Polyplus is a biotechnology company that supports Gene and Cell therapy, biologics manufacturing, and life science research with innovative nucleic acid transfection solutions. Polyplus was founded in 2001 and is based in Illkirch, France. |
Sell | €2.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-08 |
Simtra BioPharma Solutions
Deerfield, Illinois, United States Simtra BioPharma Solutions partners with pharmaceutical companies to support their commercialization objectives by providing scientific expertise, sterile contract manufacturing solutions, parenteral delivery systems, and customized support services needed to meet the unique challenges that parenteral products face. Simtra BioPharma Solutions is based in Deerfield, Illinois. |
Buy | $4.3B |
