M&A Deal Summary |
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|---|---|
| Date | 2023-02-27 |
| Target | Focus Financial Partners |
| Sector | Financial Services |
| Buyer(s) |
CD&R
Stone Point Capital Ardian |
| Deal Type | Going Private |
| Deal Value | 7.0B USD |
| Advisor(s) | Vinson & Elkins (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 30.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.
| DEAL STATS | # |
|---|---|
| Overall | 86 of 94 |
| Sector: Financial Services M&A | 2 of 2 |
| Type: Going Private M&A Deals | 10 of 14 |
| State: New York M&A | 2 of 3 |
| Country: United States M&A | 61 of 68 |
| Year: 2023 M&A | 2 of 4 |
| Size (of disclosed) | 8 of 36 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-16 |
Pursuit Aerospace
Manchester, Connecticut, United States Pursuit Aerospace is a global manufacturer of highly engineered aircraft engine components with capabilities across fabrication, precision machining, forging, casting, and complex assembly. Pursuit supports the world’s leading aero-engines across commercial and military aircraft platforms through longer-term relationships with OEMs and Tier 1 suppliers. Pursuit Aerospace is based in Manchester, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-07 |
Veritiv
Atlanta, Georgia, United States Veritiv is a distributor of packaging, facility solutions, print and publishing products and services; and also a provider of logistics and supply chain management solutions. Serving customers in a wide range of industries, the Company has approximately 160 operating distribution centers throughout the U.S., Canada and Mexico, and employs approximately 8,700 team members that help shape the success of its customers. Veritiv was founded in 2013 and is based in Atlanta, Georgia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 110 of 120 |
| Sector: Financial Services M&A | 36 of 38 |
| Type: Going Private M&A Deals | 6 of 7 |
| State: New York M&A | 18 of 19 |
| Country: United States M&A | 98 of 108 |
| Year: 2023 M&A | 4 of 5 |
| Size (of disclosed) | 2 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-13 |
Private Client Select
Berkeley Heights, New Jersey, United States Private Client Select is a Managing General Agency (“MGA”) serving the High-Net-Worth personal lines insurance industry. PCS offers property and casualty personal insurance solutions and risk management services that meet the unique needs of High-Net-Worth clients throughout the United States. Private Client Select is based in Berkeley Heights, New Jersey. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
EverBank
Jacksonville, Florida, United States EverBank provides full-service, nationwide banking and lending services to consumer, commercial and institutional clients through a variety of channels, including online, its Florida-based financial centers and at other business offices throughout the country. EverBank is based in Jacksonville, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 127.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 429 of 464 |
| Sector: Financial Services M&A | 5 of 6 |
| Type: Going Private M&A Deals | 16 of 16 |
| State: New York M&A | 3 of 3 |
| Country: United States M&A | 62 of 70 |
| Year: 2023 M&A | 2 of 16 |
| Size (of disclosed) | 9 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-23 |
Assist Digital
Milan, Italy Assist Digital is a Pan-European company that helps blue-chip companies to create a seamless experience for every customer, designing effective interfaces and managing relationships in real-time across every single channel, with the aim of turning every contact into an opportunity of improving customer satisfaction. Founded as an advisory company, Assist Digital has progressively transformed into a next-generation CRM specialist: an innovative blended offering of business process outsourcing services and digital services. Assist Digital was founded in 1996 and is based in Milan, Italy. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-17 |
Optimind
Paris, France Optimind is an independent consulting firm that supports insurance firms, banks, and large companies in focusing on opportunities that can increase their performance. Optimind is based in Paris, France. |
Sell | - |
