M&A Deal Summary

Evergreen Coast Capital, Elliott and Brookfield Business Partners Acquire Nielsen

On March 29, 2022, private equity firm Evergreen Coast Capital, asset manager Elliott and Brookfield Business Partners acquired information services company Nielsen for 16.0B USD

Acquisition Highlights
  • This is Evergreen Coast Capital’s 1st, Elliott’s 1st and Brookfield Business Partners’ 1st transaction in the Information Services sector.
  • This is Evergreen Coast Capital’s 2nd, Elliott’s and Brookfield Business Partners’ largest (disclosed) transaction.
  • This is Evergreen Coast Capital’s 5th, Elliott’s 5th and Brookfield Business Partners’ 3rd transaction in the United States.
  • This is Evergreen Coast Capital’s 1st, Elliott’s 2nd and Brookfield Business Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2022-03-29
Target Nielsen
Sector Information Services
Buyer(s) Evergreen Coast Capital
Elliott
Brookfield Business Partners
Deal Type Going Private
Deal Value 16.0B USD
Advisor(s) J.P. Morgan Securities
PJT Partners, Inc. (Financial)
Wachtell, Lipton, Rosen & Katz
Clifford Chance
DLA Piper
Baker & McKenzie (Legal)

Target

Nielsen

New York, New York, United States
Nielsen office in Columbia, Maryland.
Nielsen office in Columbia, Maryland.
Nielsen is a global information and measurement company that provides clients with a comprehensive understanding of consumers and consumer behaviour. Nielsen delivers critical media and marketing information, analytics, and industry expertise about what consumers buy and what consumers watch (consumer interaction with television, online and mobile) on a global and local basis. Nielsen was founded in 1923 and is based in New York City.

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Buyer(S) 3

DESCRIPTION

Evergreen Coast Capital is a private equity firm that invests in a variety of industries and situations throughout the US. Evergreen Coast Capital is headquartered in Menlo Park, California.


DEAL STATS #
Overall 6 of 6
Sector (Information Services) 1 of 1
Type (Going Private) 4 of 4
State (New York) 1 of 1
Country (United States) 5 of 5
Year (2022) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Citrix

Fort Lauderdale, Florida, United States

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

Buy $16.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Citrix

Fort Lauderdale, Florida, United States

Citrix develops and sells products and services that enable the secure and reliable delivery of applications and data over public, private, or hybrid clouds or networks, to virtually any type of device. The Company markets and licenses its products directly to customers, over the Web, and through systems integrators, or SIs, in addition, to indirectly through value-added resellers, or VARs, value-added distributors, or VADs, original equipment manufacturers, or OEMs and service providers. Citrix was established in 1989 and is based in Ft. Lauderdale, Florida.

Sell -
Buyer

Elliott


Category Asset Manager
Founded 1977
PE ASSETS 59.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.


DEAL STATS #
Overall 10 of 13
Sector (Information Services) 1 of 1
Type (Going Private) 2 of 3
State (New York) 2 of 2
Country (United States) 5 of 8
Year (2022) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 Enra

Watford, United Kingdom

Enra is a specialist provider of mortgage finance. Enra lends and brokes short term bridge mortgages as well as distributing specialist second charge and buy-to-let products. Enra is based in Watford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Enra Specialist Finance

Borehamwood, United Kingdom

Enra Specialist Finance is a specialist distributor of secured loans, and also specializes in bridging finance and commercial mortgages. Its market share enables it to offer highly competitive loan solutions to intermediaries and their clients, and a strong flow of business for specialist lenders. Enra Specialist Finance is based in Borehamwood, United Kingdom.

Sell -
Buyer

Brookfield Business Partners

Hamilton, Bermuda

Category Company
Sector Business Services
Employees67,315
Revenue 55.1B USD (2023)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Brookfield Business Partners is based in Hamilton, Bermuda.


DEAL STATS #
Overall 7 of 8
Sector (Information Services) 1 of 1
Type (Going Private) 1 of 1
State (New York) 1 of 1
Country (United States) 3 of 4
Year (2022) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-18 La Trobe Financial

Melbourne, Australia

La Trobe Financial is a credit asset manager, specializing in credit investment solutions and real estate finance. La Trobe Financial has 5,100 distribution points across its two divisional arms Wealth products are distributed through 1,600 advice practices, and real estate credit finance is distributed through 3,500 brokers. La Trobe Financial was founded in 1952 and is based in Melbourne, Australia.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 CDK Global

Hoffman Estates, Illinois, United States

CDK Global is a provider of integrated information technology and digital marketing solutions to the automotive retail industry. CDK Global was established in 2014 and is based in Hoffman Estates, Illinois.

Buy $8.3B