M&A Deal Summary

Compass Group Acquires Unidine

On December 1, 2017, Compass Group acquired consumer services company Unidine from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is Compass Group’s 1st transaction in the Consumer Services sector.
  • This is Compass Group’s 2nd transaction in the United States.
  • This is Compass Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2017-12-01
Target Unidine
Sector Consumer Services
Buyer(s) Compass Group
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

Unidine

Boston, Massachusetts, United States
Unidine is a food and dining management for senior care centers, hospitals and corporate facilities. Unidine was founded in 2001 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Compass Group

Chertsey, United Kingdom

Category Company
Founded 1941
Sector Business Services
Employees550,000
Revenue 37.9B GBP (2023)
DESCRIPTION

Compass Group is a provider of contract foodservice and support services to its clients. It offers various foodservice solutions ranging from free-flow restaurants to formal dining, grab and go deli and café outlets to hospitality services, and vending; and a range of support services, such as cleaning, building operations and maintenance, business and office, logistics and transport, outdoor, project management, and security. Compass Group was incorporated in 1941 and is headquartered in Chertsey, the United Kingdom.


DEAL STATS #
Overall 3 of 4
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-24 Trinity Services Group

Oldsmar, Florida, United States

Trinity Services Group provides outsourced food and commissary services to more than 200,000 inmates at over 300 correctional facilities across 33 states (including Puerto Rico and the US Virgin Islands). By utilizing its procurement, distribution and human resource expertise, the Company delivers meals to correctional facilities for less than they could on their own. Trinity Services Group was founded in 1990 and is based in Oldsmar, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Bateman Community Living

Atlanta, Georgia, United States

Bateman Community Living is a provider of catering and management services, and delivers wholesome, nutrient rich meals to to seniors either at home or in congregate settings. Bateman Community Living is based in Atlanta, Georgia.

Sell -

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 52 of 85
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 20 of 34
State (Massachusetts) 4 of 5
Country (United States) 45 of 73
Year (2017) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Amistad Energy Partners

Houston, Texas, United States

Amistad Energy Partners was a private exploration and production company based in Houston, Texas that pursued acquisitions of oil and gas assets with scalable development upside throughout select North American basins, focusing on the Permian Basin, Mid-Continent and East Texas regions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Captain D s

Nashville, Tennessee, United States

Captain D's owns, operates, and franchises some 500+ restaurants in 25 states, plus military bases around the world. Captain D's offers its customers great seafood at reasonable prices in a relaxed environment. Captain D's was formed in 1969 and is based in Nashville, Tennessee.

Sell -