M&A Deal Summary |
|
|---|---|
| Date | 2015-11-23 |
| Target | Petco Health and Wellness Company |
| Sector | Retail |
| Buyer(s) |
CVC Capital Partners
CPP Investments |
| Sellers(s) |
Stockwell Capital
Leonard Green & Partners TPG Freeman Spogli Crescent Capital Group HarbourVest Partners |
| Deal Type | Secondary Buyout |
| Deal Value | 4.6B USD |
| Advisor(s) | Goldman Sachs J.P. Morgan Securities (Financial) Ropes & Gray (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 177.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.
| DEAL STATS | # |
|---|---|
| Overall | 180 of 323 |
| Sector (Retail) | 17 of 20 |
| Type (Secondary Buyout) | 32 of 76 |
| State (California) | 2 of 6 |
| Country (United States) | 15 of 44 |
| Year (2015) | 11 of 15 |
| Size (of disclosed) | 4 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-16 |
Pilot Flying J
Knoxville, Tennessee, United States Pilot Flying J owns and operates travel centers near interstate highways across the US. The large majority of the Company's locations are concentrated in the Midwest and Southeast of the US. Pilot Flying J was originally established in 1958 and is based in Knoxville, Tennessee. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-24 |
Cerved Group
Milan, Italy Cerved Group S.p.A. is the business information supplier in Italy. The Company is active in the Italian financial and credit information market and provides products and services to financial institutions, corporations, finance professionals, retail users and public administration entities. |
Sell | - |
CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 51 |
| Sector (Retail) | 2 of 4 |
| Type (Secondary Buyout) | 4 of 11 |
| State (California) | 3 of 7 |
| Country (United States) | 9 of 26 |
| Year (2015) | 4 of 4 |
| Size (of disclosed) | 13 of 26 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-09 |
DJ Basin Oil & Gas - Assets
Colorado, United States DJ Basin acreage comprises 51,000 net acres. During the first half of 2015, the assets produced an average of 52 million cubic feet per day (MMcf/d) of natural gas and 14,800 barrels per day of crude oil and natural gas liquids. |
Buy | $900M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-06 |
Glencore Agricultural Products
Switzerland Glencore Agri is a globally integrated grain and oilseed business primarily focused on grains, oilseeds products, rice, sugar, pulses and cotton with activities including origination, processing, storage, logistics and marketing. Company have controlled and non-controlled facilities for storage, handling and processing, in strategic locations. The business is supported by an extensive silo and export elevator network. Company suppliers are farmers, farming co-operatives, processing plants, local exporters and global merchants. Company customers include the processing industry (food, animal feed and consumer products), local importers and government purchasing entities. |
Buy | $2.5B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 41 |
| Sector (Retail) | 2 of 3 |
| Type (Secondary Buyout) | 6 of 9 |
| State (California) | 4 of 5 |
| Country (United States) | 26 of 33 |
| Year (2015) | 9 of 9 |
| Size (of disclosed) | 3 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-26 |
Taylor-Wharton International
Minnetonka, Minnesota, United States Taylor-Wharton International designs and manufacturers a comprehensive range of stationary bulk and portable cryogenic storage systems for gas and liquid applications. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-02 |
The Sports Authority
Englewood, Colorado, United States The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 54 |
| Sector (Retail) | 8 of 15 |
| Type (Secondary Buyout) | 8 of 18 |
| State (California) | 5 of 7 |
| Country (United States) | 24 of 51 |
| Year (2015) | 5 of 5 |
| Size (of disclosed) | 4 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-02 |
RestorixHealth
Metairie, Louisiana, United States RestorixHealth is a provider of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). RestorixHealth focuses on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. RestorixHealth was established in 1997 and is based in Metairie, Louisiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-02 |
The Sports Authority
Englewood, Colorado, United States The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 149 of 267 |
| Sector (Retail) | 9 of 13 |
| Type (Secondary Buyout) | 11 of 36 |
| State (California) | 39 of 63 |
| Country (United States) | 109 of 193 |
| Year (2015) | 14 of 15 |
| Size (of disclosed) | 10 of 71 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-02 |
China International Capital
Beijing, China China International Capital Corporation is a provider of financial services in Mainland China and internationally. Its business scope includes economic, securities, and market research, debt and equity issuance and underwriting, merger and acquisition advisory, equity sales, and trading, fixed income, principal investment, asset management, wealth management, private equity, and investment advisory. China International Capital Corporation was founded in 1995 and is based in Beijing, China. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-02 |
LifeStance Health
Scottsdale, Arizona, United States LifeStance Health is a provider of medically driven, evidenced-based treatment services for its patients who are suffering from addiction, substance abuse and eating disorders in a variety of settings including residential treatment centers, outpatient clinics, sober living facilities and aftercare settings. LifeStance Health was established in 2015 and is based in Scottsdale, Arizona. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Focused |
Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 25 |
| Sector (Retail) | 11 of 12 |
| Type (Secondary Buyout) | 4 of 7 |
| State (California) | 4 of 5 |
| Country (United States) | 17 of 24 |
| Year (2015) | 2 of 2 |
| Size (of disclosed) | 1 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-04 |
Creative Co-Op
Memphis, Tennessee, United States Creative Co-Op, Inc. is an independent home decor retailer. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-14 |
Osprey
Cortez, Colorado, United States Osprey is an active lifestyle brand in technical packs for outdoor, travel, cycling, running, kids, and urban adventures. The Osprey brand reflects an unwavering commitment to innovation, simplicity, and intended function. Osprey's end customer is a diverse and growing pool of outdoor enthusiasts, elite athletes, active families, and everyday people. Osprey was founded in 1974 and is based in Cortez, Colorado. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 47 |
| Sector (Retail) | 3 of 4 |
| Type (Secondary Buyout) | 9 of 13 |
| State (California) | 6 of 6 |
| Country (United States) | 28 of 40 |
| Year (2015) | 6 of 6 |
| Size (of disclosed) | 2 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-04 |
Univita Health
Scottsdale, Arizona, United States Univita Health is creating a unified environment to help people live and age with independence. By providing one place to find and manage resources which support independent aging, Univita makes it easier for individuals to live and age with dignity, in the setting they choose. Univita is accomplishing this by transforming home based care - integrating the complete range of in-home care needs from basic caregiving through complex home health care - and adding the support of the latest technologies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-02 |
The Sports Authority
Englewood, Colorado, United States The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 72 of 133 |
| Sector (Retail) | 2 of 3 |
| Type (Secondary Buyout) | 21 of 35 |
| State (California) | 7 of 9 |
| Country (United States) | 45 of 84 |
| Year (2015) | 14 of 14 |
| Size (of disclosed) | 8 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-20 |
PhotoBox
London, United Kingdom Photobox offers a wide range of photo gifting products including photo books, calendars, canvases and wall-art, mugs, gifts, jigsaws, prints and magnets. The company has strong market positions in United Kingdom, France, Spain and Germany as well as other European markets. Photobox serves its key geographical markets through three online brands: Photobox, Hofmann & PosterXXL. |
Sell | $618M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-01 |
American Trailer Works
Sumner, Texas, United States American Trailer Works is a manufacturer and distributor of utility and cargo trailers in North America. American Trailer Works sells trailers through independent dealers and national retailers under the PJ Trailers, Carry-On Trailer, RC Trailers, Middlebury Trailers and other private-label brand names. |
Sell | - |
