M&A Deal Summary

Cofinity Inc Acquires PPOM

On August 2, 2004, Cofinity Inc acquired business services company PPOM from TPG

Acquisition Highlights
  • This is Cofinity Inc’s 1st transaction in the Business Services sector.
  • This is Cofinity Inc’s 1st transaction in the United States.
  • This is Cofinity Inc’s 1st transaction in Michigan.

M&A Deal Summary

Date 2004-08-02
Target PPOM
Sector Business Services
Buyer(s) Cofinity Inc
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

PPOM

Southfield, Michigan, United States
PPOM LLC preferred provider organization (PPO) that operated in the midwestern states of Illinois, Indiana, Kentucky, Michigan, Ohio, and Wisconsin. PPOM also provided vision and dental plans.

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Buyer(S) 1

Buyer

Cofinity Inc

Southfield, Michigan, United States

Category Company
Sector Healthcare Services
DESCRIPTION

Cofinity is a powerful new resource in the health services landscape providing access to health related product and services options. Our provider networks, medical cost management and other health care solutions complement and enhance the existing capabilities of health plans, insurance companies and third party administrators (TPAs).


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 20 of 278
Sector: Business Services M&A 2 of 9
Type: Add-on Acquisition M&A Deals 4 of 96
State: Michigan M&A 1 of 3
Country: United States M&A 15 of 200
Year: 2004 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Texas Genco Holdings

Houston, Texas, United States

Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant.

Buy $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-23 MGM

Beverly Hills, California, United States

MGM is an entertainment company focused on the production and global distribution of film and television content across all platforms. The company owns one of the world’s deepest libraries of premium film and television content.

Buy $3.6B