M&A Deal Summary

EQT Acquires UTA

On July 18, 2022, private equity firm EQT acquired media company UTA from Investcorp and PSP Investments

Acquisition Highlights
  • This is EQT’s 5th transaction in the Media sector.
  • This is EQT’s 45th transaction in the United States.
  • This is EQT’s 8th transaction in California.

M&A Deal Summary
Date 2022-07-18
Target UTA
Sector Media
Buyer(s) EQT
Sellers(s) Investcorp
PSP Investments
Deal Type Secondary Buyout

Target

UTA

Beverly Hills, California, United States
UTA is a global talent and entertainment company. UTA represents many of the most acclaimed figures across film, television, news, music, sports, theater, fine art, literature, video games, podcasts and other social and digital content. UTA was founded in 1991 and is based in Beverly Hills, California.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

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 274 of 317
Sector (Media) 5 of 5
Type (Secondary Buyout) 80 of 97
State (California) 8 of 11
Country (United States) 45 of 59
Year (2022) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Facile.it

Milan, Italy

Facile.it is an online destination for consumers to compare prices for motor insurance, energy, telecoms, and personal finance products. Facile.it was founded in 2008 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 GPA Global

Shenzhen, China

GPA Global is an one-stop-shop premium packaging and displays solutions provider which sources from a wide network of more than 100 vendors across China. GPA Global was founded in 2009 and is based in Shenzhen, China.

Sell -

Seller(S) 2

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 105 of 106
Sector (Media) 1 of 1
Type (Secondary Buyout) 36 of 36
State (California) 12 of 12
Country (United States) 62 of 62
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 softgarden

Berlin, Germany

softgarden is a European Recruiting-as-a-Service provider with more than 400 corporate customers across a wide range of industries. softgarden offers an innovative recruitment technology platform to a diversified set of German midmarket and enterprise customers. softgarden was founded in 2003 and is based in Berlin, Germany.

Sell €118M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Sunrise Produce

Fullerton, California, United States

Sunrise Produce is a wholesale produce distribution company in Southern California, providing customers across the specialty and white tablecloth restaurant and resort, education, healthcare, and retail sectors with the freshest produce and perishable foods available. For more than three decades, the company has fostered lasting relationships with the most reputable growers in the industry, ranging from wholesale commodity growers, organic growers, and local family farmers supporting local sustainable growth. Through deep industry knowledge, a passionate work ethic, and a customized approach, it delivers a diversified product offering with the strongest levels of quality, service, and value to its customers. Sunrise Produce is based in Fullerton, California.

Buy -
SELLER

PSP Investments

Investor Investor Investor Investor Investor

Category Pension
Founded 1999
PE ASSETS 19.4B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 6 of 8
Sector (Media) 1 of 1
Type (Secondary Buyout) 2 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Spark Infrastructure

Barangaroo, Australia

Spark Infrastructure invests in essential energy infrastructure businesses within Australia, which serve over 5 million homes and businesses, and are deeply involved in supporting the transition of Australia’s electricity grid to one that is increasingly reliant on renewable energy. Spark Infrastructure was founded in 2005 and is based in Barangaroo, Australia.

Buy AU$5.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 CrossCountry Consulting

McLean, Virginia, United States

CrossCountry Consulting is a business advisory firm that provides comprehensive solutions encompassing business transformation, technology, accounting, risk, and cybersecurity. CrossCountry partners with clients to help them navigate complex business challenges and achieve goals related to improving operations, minimizing risks, and enabling future growth. CrossCountry Consulting was founded in 2011 and is based in McLean, Virginia.

Buy -
Mergr

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