M&A Deal Summary

CDPQ Acquires TVS SCS

On October 19, 2016, asset manager CDPQ acquired transportation company TVS SCS from KKR and Goldman Sachs Merchant Banking

Acquisition Highlights
  • This is CDPQ’s 1st transaction in the Transportation sector.
  • This is CDPQ’s 1st transaction in India.

M&A Deal Summary
Date 2016-10-19
Target TVS SCS
Sector Transportation
Buyer(s) CDPQ
Sellers(s) KKR
Goldman Sachs Merchant Banking
Deal Type Secondary Buyout

Target

TVS SCS

Chennai, India
TVS SCS is a 3rd party logistics provider across multiple verticals including automotive, distribution, electronics, and discrete component manufacturing. TVS SCS was established in 2004 and is based in Chennai, India.

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Buyer(S) 1

Buyer

CDPQ

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1965
PE ASSETS 80.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.

DEAL STATS #
Overall 25 of 101
Sector (Transportation) 1 of 3
Type (Secondary Buyout) 4 of 20
Country (India) 1 of 4
Year (2016) 11 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Lasik MD

Montreal, Quebec, Canada

Lasik MD is a provider of laser vision correction, with over 40 locations in Canada. Lasik MD was founded in 2001 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 AlixPartners

New York, New York, United States

AlixPartners is a performance improvement, corporate turnaround and financial advisory services firm. The AlixPartners' 'one-stop-shop' suite of services range from financial restructuring and operational performance improvement across all major corporate disciplines (manufacturing, supply chain, IT, sales & marketing, working capital, etc.), to financial advisory services (including financial reporting, corporate governance and investigations) to technology-enabled restructuring and claims management. AlixPartners was founded in 1981 and is based in New York.

Buy $2.5B

Seller(S) 2

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 87 of 204
Sector (Transportation) 2 of 5
Type (Secondary Buyout) 10 of 35
Country (India) 4 of 7
Year (2016) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 OVHcloud

Roubaix, France

OVHcloud is an IaaS (Infrastructure as a Service) provider specializing in cloud and internet infrastructure. Since its foundation, the business has grown rapidly to become a major provider of dedicated cloud infrastructure, with more than 250,000 servers in data centers across 19 countries. OVHcloud provides services to over a million customers globally and employs a team of more than 400 dedicated research & development engineers. OVHcloud was founded in 1999 and is based in Roubaix, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 COFCO Meat

Beijing, China

COFCO Meat is a modern industrialized and integrated food company engaged in hog production, processing, distribution, and meat imports and exports. COFCO Meat was founded in 2002 and is based in Beijing, China.

Sell -
SELLER

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 67 of 110
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 18 of 32
Country (India) 2 of 2
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Cabela s

Sidney, Nebraska, United States

Cabela’s is a marketer and retailer of hunting, fishing, camping, shooting sports and related outdoor merchandise. Cabela’s has over 85 specialty retail stores, primarily in the western US and Canada as well as a catalog business and e-commerce operations. Cabela's was formed in 1961 and is headquartered in Sidney, Nebraska.

Buy $5.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Blue Nile

Seattle, Washington, United States

Blue Nile is an online retailer of diamonds and fine jewelry. Blue Nile offers a customer experience that includes education, guidance, selection, customization capability, convenience and value. Blue Nile, Inc. was formed in 1999 and is headquartered in Seattle, Washington.

Buy $500M
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