M&A Deal Summary |
|
|---|---|
| Date | 2014-10-28 |
| Target | TASC |
| Sector | Engineering |
| Buyer(s) | Engility Holdings |
| Sellers(s) |
Crescent Capital Group
KKR General Atlantic |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
| Advisor(s) | Jefferies (Financial) Simpson Thacher & Bartlett (Legal) |
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| Category | Company |
|---|---|
| Founded | 2012 |
| Sector | Staffing |
| Employees | 9,800 |
| Revenue | 2.1B USD (2015) |
Engility Holdings, Inc. is a pure-play government services contractor providing highly skilled personnel wherever, whenever they are needed in a cost-effective manner. Engility a provider of specialized technical consulting, program and business support services, engineering and technology lifecycle support, information technology modernization and sustainment, supply chain services, and logistics management, and training and education for the U.S. Government.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Engineering) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Virginia) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-23 |
Dynamics Research
Andover, Massachusetts, United States DRC is a U.S. government services, information technology and management consulting firm with leading capabilities in Healthcare, Homeland Security, Research & Development, Intelligence, Surveillance & Reconnaissance (ISR), Financial Regulation & Reform, and Defense Readiness, Logistics and Command, Control & Communications (C3). |
Buy | $213M |
| 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 | 27 of 47 |
| Sector (Engineering) | 1 of 1 |
| Type (Add-on Acquisition) | 12 of 19 |
| State (Virginia) | 3 of 4 |
| Country (United States) | 23 of 40 |
| Year (2014) | 2 of 2 |
| Size (of disclosed) | 11 of 18 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-17 |
URS
San Francisco, California, United States URS provider of engineering, construction, and technical services for public agencies and private sector companies around the world. The company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance. |
Sell | $6.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-01 |
TDF
Montrouge, France TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France. |
Sell | €3.6B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 61 of 207 |
| Sector (Engineering) | 2 of 3 |
| Type (Add-on Acquisition) | 20 of 67 |
| State (Virginia) | 2 of 3 |
| Country (United States) | 29 of 89 |
| Year (2014) | 15 of 17 |
| Size (of disclosed) | 29 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-07 |
Lemonade Restaurant Group
Los Angeles, California, United States Lemonade Restaurant Group LLC is an operator of 14 fast-casual restaurants in a modern cafeteria setting in Southern California. It offers high-quality, chef-driven menu and a highly-customizable experience. Lemonade Restaurant Group was founded in 2008 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-06 |
Coherus Biosciences
Redwood City, California, United States Coherus Biosciences is a biotechnology company focused on developing products. Coherus BioSciences was founded in 2010 and is based in Redwood City, California. |
Sell | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 73.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 65 of 147 |
| Sector (Engineering) | 1 of 1 |
| Type (Add-on Acquisition) | 24 of 44 |
| State (Virginia) | 2 of 2 |
| Country (United States) | 37 of 75 |
| Year (2014) | 5 of 7 |
| Size (of disclosed) | 11 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-18 |
Alibaba Group
Hangzhou, China Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hangzhou, China. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-30 |
BuzzFeed
New York, New York, United States BuzzFeed is an independent digital media and tech company delivering news and entertainment content to a global audience. The company covers breaking news, produces original video, and creates content that people want to share on the web. BuzzFeed was formed in 2006 and is based in New York, New York. |
Buy | - |
