M&A Deal Summary

EagleTree Capital Acquires PRA

On March 7, 2023, private equity firm EagleTree Capital acquired business services company PRA from CI Capital Partners

Acquisition Highlights
  • This is EagleTree Capital’s 4th transaction in the Business Services sector.
  • This is EagleTree Capital’s 42nd transaction in the United States.
  • This is EagleTree Capital’s 4th transaction in Illinois.

M&A Deal Summary
Date 2023-03-07
Target PRA
Sector Business Services
Buyer(s) EagleTree Capital
Sellers(s) CI Capital Partners
Deal Type Secondary Buyout
Advisor(s) BrightTower (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

PRA

Chicago, Illinois, United States
PRA is a destination management company that supports its clients’ off-site business events such as corporate meetings, incentive travel programs, and conferences by providing activity and transportation solutions and other destination support services. PRA provides a critical link between event planners and the local markets where business events take place. PRA was founded in 1981 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.

DEAL STATS #
Overall 44 of 46
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 13 of 14
State (Illinois) 4 of 4
Country (United States) 42 of 44
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 MacKenzie-Childs

Aurora, New York, United States

MacKenzie-Childs is a designer, manufacturer, and multichannel merchant of handcrafted ceramics and enamel tableware, furniture, home decor, garden furniture and accessories, and personal accessories. MacKenzie-Childs was founded in 1983 and is based in Aurora, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 MMGY Global

Kansas, Missouri, United States

MMGY Global is a marketing agency specializing in the travel, entertainment and hospitality industry. MMGY Global maintains a global communications practice in all marketing channels, serving many of travel and tourism brands. MMGY Global was founded in 1981 and is based in Kansas, Missouri.

Buy -

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.

DEAL STATS #
Overall 27 of 27
Sector (Business Services) 4 of 4
Type (Secondary Buyout) 14 of 14
State (Illinois) 4 of 4
Country (United States) 24 of 24
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Epiphany Dermatology

Austin, Texas, United States

Epiphany Dermatology is a dermatology company, driven by a passion to improve access to high quality dermatologic care in a values-based manner. Epiphany raises the standard of dermatologic care by making clinical excellence accessible to all patients, promptly and in a warm and inviting environment. Epiphany Dermatology is headquartered in Austin, Texas.

Sell -
Mergr

Product

Company

Legal