M&A Deal Summary |
|
|---|---|
| Date | 2019-05-16 |
| Target | Galderma |
| Sector | Healthcare Services |
| Buyer(s) |
EQT
ADIA PSP Investments Ardian HarbourVest Partners |
| Sellers(s) | Nestlé |
| Deal Type | Divestiture |
| Deal Value | 10.2B CHF |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 242.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.
| DEAL STATS | # |
|---|---|
| Overall | 209 of 317 |
| Sector (Healthcare Services) | 10 of 14 |
| Type (Divestiture) | 41 of 51 |
| Country (Switzerland) | 7 of 9 |
| Year (2019) | 14 of 27 |
| Size (of disclosed) | 2 of 47 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-16 |
Coromatic AB
Bromma, Sweden Coromatic AB is a data center focused service company. Coromatic is active in IT data center design and build as well as selling Datacenter as a service, accompanied by services, maintenance and counseling. Coromatic AB was founded in 2008 and is based in Bromma, Sweden. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-23 |
Melita
Mriehel By-Pass, Malta Melita is a provider of high-speed broadband and mobile services as well as a premium TV to households and businesses connected to its state-of-the-art telecom network in Malta. It owns and operates a fully invested, over 1,600km long HFC network as well as a 5G-ready mobile network with its own tower and small cell footprint. Melita was founded in 1991 and is based in Mriehel By-Pass, Malta. |
Buy | - |
| Category | Sovereign Wealth Fund |
|---|---|
| Founded | 1976 |
| PE ASSETS | 875.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
| DEAL STATS | # |
|---|---|
| Overall | 6 of 13 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| Country (Switzerland) | 1 of 1 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-20 |
Upl
Mumbai, India Upl is a global generic crop protection, chemicals and seeds company. UPL was founded in 1969 and is based in Mumbai, India. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-21 |
Jio
Navi Mumbai, India Jio is a next-generation technology platform focused on providing high-quality and affordable digital services across India. Jio was formed in 2019 and is based in Navi Mumbai, Maharashtra. |
Buy | - |
PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 29 |
| Sector (Healthcare Services) | 2 of 3 |
| Type (Divestiture) | 5 of 5 |
| Country (Switzerland) | 1 of 1 |
| Year (2019) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-11 |
Forth Ports
Edinburgh, United Kingdom Forth Ports is an owns and operates eight commercial ports in the UK – Tilbury on the Thames, Dundee on the Firth of Tay and six on the Firth of Forth – Leith, Grangemouth, Rosyth, Methil, Burntisland and Kirkcaldy. Within and around the Firths of Forth and Tay, Forth Ports manages and operates an area of 280 square miles of navigable waters, including two specialised marine terminals for oil and gas export and provides other marine services, such as towage and conservancy. Forth Ports is based in Edinburgh, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-03 |
Webster
Leeton, Australia Webster is an agribusiness operating walnut and almond orchards in NSW and Tasmania, irrigable land for cotton and other annual crops, cattle and dorper sheep production, a portfolio of water entitlements and an apiary business in NSW. Webster was founded in 1831 and is based in Leeton, Australia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 344 of 418 |
| Sector (Healthcare Services) | 11 of 15 |
| Type (Divestiture) | 27 of 30 |
| Country (Switzerland) | 5 of 9 |
| Year (2019) | 16 of 30 |
| Size (of disclosed) | 6 of 67 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-08 |
Zayo
Boulder, Colorado, United States Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado. |
Buy | $14.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-22 |
Eat
Wembley, United Kingdom Eat Ltd. is a provider of specialist food and coffee ‘to go’ market. Eat Ltd. was founded in 1996 and is based in Wembley, United Kingdom. |
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 | 198 of 223 |
| Sector (Healthcare Services) | 13 of 13 |
| Type (Divestiture) | 12 of 13 |
| Country (Switzerland) | 2 of 2 |
| Year (2019) | 6 of 9 |
| Size (of disclosed) | 5 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-04 |
Custom Ink
Fairfax, Virginia, United States Custom Ink provides custom apparel and accessories for groups, events, and special occasions. The company helps group organizers bring their families, friends, teammates, and colleagues together with inspired designs they are proud to wear. Custom Ink makes the customization process fun and easy with innovative design tools, caring customer service, creative design inspiration and high-quality merchandise. Custom Ink was founded in 2000 and is based in Fairfax, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-06 |
Intelex Technologies
Toronto, Ontario, Canada Intelex Technologies Inc. is a provider of Environmental, Health, Safety (EHS) and Quality management software solutions. |
Sell | $570M |
Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 20 |
| Sector (Healthcare Services) | 1 of 1 |
| Type (Divestiture) | 13 of 17 |
| Country (Switzerland) | 2 of 4 |
| Year (2019) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-17 |
Gerber Life Insurance
White Plains, New York, United States Gerber Life Insurance Co. has provided quality life insurance, especially for young families on a limited budget. Company brings its valuable product offerings and focus on protecting families to a Cincinnati-based company that began selling life insurance door to door 130 years ago and is now one of the strongest life insurance groups in the world. |
Sell | $1.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-12-11 |
Nestlé S.A. - USA Ice Cream Business
United States Nestlé S.A. - USA Ice Cream Business is a manufacturer of ice creams with brands including Dreyer’s, Häagen-Daaz, Outshine, Skinny Cow, Edy’s, Nestlé Ice Cream and Drumstick. |
Sell | $4.0B |
