M&A Deal Summary |
|
|---|---|
| Date | 2021-06-28 |
| Target | Magnit |
| Sector | Internet Software and Services |
| Buyer(s) | EQT |
| Sellers(s) |
Investcorp
Harvest Partners Private Equity Harvest Partners Structured Capital The Carlyle Group |
| Deal Type | Secondary Buyout |
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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 | 257 of 315 |
| Sector (Internet Software and Services) | 12 of 21 |
| Type (Secondary Buyout) | 72 of 96 |
| State (California) | 6 of 11 |
| Country (United States) | 40 of 59 |
| Year (2021) | 16 of 24 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-22 |
Mollie
Amsterdam, Netherlands Mollie is a payment services provider in Europe, serving more than 120,000 active merchants across the continent and employing an international team of nearly 500 professionals. Mollie facilitates online payment acceptance for companies of all sizes across the Netherlands, Belgium, Germany, France, and the UK. Mollie was founded in 2004 and is based in Amsterdam, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-01 |
Fertin
Vejle, Denmark Fertin develops and manufactures pharmaceutical and nutraceutical products for leading global companies to support healthier living. Fertin’s product portfolio has a broad variety of current and possible application areas including Nicotine Replacement Therapy, oral care, gastrointestinal, pain and allergy management, cough and cold, and much more. Fertin was founded in 1915 and is based in Vejle, Denmark. |
Sell | kr.5.1B |
| Category | Asset Manager |
|---|---|
| Founded | 1982 |
| PE ASSETS | 53.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.
| DEAL STATS | # |
|---|---|
| Overall | 99 of 106 |
| Sector (Internet Software and Services) | 5 of 5 |
| Type (Secondary Buyout) | 31 of 36 |
| State (California) | 11 of 12 |
| Country (United States) | 60 of 62 |
| Year (2021) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-28 |
Cloud Care
Novara, Italy CloudCare is a tech-enabled platform active in the energy, telecommunications and insurance markets where it operates as a channel partner and digital broker, connecting consumers and service providers through both its own proprietary online platform and clients’ web platforms. Cloud Care was founded in 2011 and is based in Novara, Italy. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-02 |
Heritage Foods
Hong Kong, China Heritage Foods, a supplier of condiment and sauce brands operating in Asia, Heritage Foods was founded in 2015 and is based in Hong Kong, China. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 30 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Secondary Buyout) | 14 of 17 |
| State (California) | 2 of 2 |
| Country (United States) | 24 of 27 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-01 |
Vincit
Chattanooga, Tennessee, United States Vincit is a provider of food safety and pathogen control services for the protein industry. Vincit plays an important role in ensuring compliance with food safety standards and protecting the food supply chain. They have a large presence throughout the U.S. and serves a blue chip customer base across the food and beverage industry. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-08 |
Neighborly
Waco, Texas, United States Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| Size | Large |
| Type | Sector Agnostic |
Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 8 |
| Sector (Internet Software and Services) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 5 |
| State (California) | 1 of 1 |
| Country (United States) | 3 of 7 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-01 |
Marcone
St Louis, Missouri, United States Marcone is a distributor of original equipment parts for the repair of residential appliances in the United States and Canada. Marcone's customer base is comprised of thousands of residential appliance repair service providers and technicians, as well as extended warranty providers. Marcone is based in St Louis, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-08 |
Neighborly
Waco, Texas, United States Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 423 of 480 |
| Sector (Internet Software and Services) | 16 of 17 |
| Type (Secondary Buyout) | 93 of 117 |
| State (California) | 32 of 36 |
| Country (United States) | 232 of 259 |
| Year (2021) | 15 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-21 |
Agilox
Neukirchen bei Lambach, Austria Agilox is a provider of intelligent autonomous mobile robots (AMRs) for the automation of intralogistics and material handling processes. AGILOX’s AMRs drive major productivity gains, increase safety and reliability, and help address staff shortages in intralogistics and material handling processes. Agilox was founded in 2017 and is based in Neukirchen bei Lambach, Austria. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-01 |
Inpart
Sheffield, United Kingdom Inpart develops curated digital solutions that drive impact from research by simplifying the initial connection between teams in academia and industry across all sectors. Inpart is based in Sheffield, United Kingdom. |
Buy | - |
