M&A Deal Summary |
|
|---|---|
| Date | 2007-08-23 |
| Target | Alexander Forbes |
| Sector | Insurance |
| Buyer(s) |
Ethos Private Equity
HarbourVest Partners Ontario Teachers Pension Plan Actis Capital |
| Deal Type | Going Private |
| Deal Value | 1.2B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 1.2B USD |
| Size | Large |
| Type | Sector Agnostic |
Ethos Private Equity is a private equity investor that targets opportunities in South Africa. Ethos looks for stable businesses valued between $15 and $100 million US. Target transactions include divestitures of non-core assets, sector consolidations, development of family owned businesses, growth financings, and turnarounds. Ethos was formed in 1984 and is based in Johannesburg, South Africa.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 48 |
| Sector (Insurance) | 1 of 1 |
| Type (Going Private) | 3 of 4 |
| Country (South Africa) | 24 of 42 |
| Year (2007) | 2 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-31 |
Brandcorp
Johannesburg, South Africa Brandcorp is a value added distributor of niche industrial and retail products. The company operates three divisions: Tools & Hardware (trading as Matus), Leisure & Accessories (trading as Interbrand) and House & Home (trading under MIC, Prestige, Decocraft and Moto Quip). |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-01-21 |
Tiger Wheel & Tyre
Midrand, South Africa Tiger Wheel & Tyre engages in retailing and wholesale of automotive products. Tiger Wheel & Tyre providing consumers with unparalleled expertise, world-class fitment services, and a wide variety of products from leading, premium brands in wheels, tires, batteries, and accessories all at affordable prices. Tiger Wheel & Tyre was established in 1967 and is based in Midrand, South Africa. |
Buy | - |
| 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 | 59 of 223 |
| Sector (Insurance) | 1 of 12 |
| Type (Going Private) | 9 of 27 |
| Country (South Africa) | 1 of 3 |
| Year (2007) | 16 of 19 |
| Size (of disclosed) | 39 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-21 |
Schenck Process
Darmstadt, Germany Schenck Process is a provider of solutions in measuring and process technologies in industrial weighing, feeding, screening and automation. Schenck develops, manufactures and markets a full range of solutions, products and turnkey systems on the basis of combining process engineering expertise, reliable components and field-proven technology. Schenck Process was founded in 1881 and is based in Darmstadt, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-01 |
Acromas Holdings
Folkestone, United Kingdom Acromas Holdings Ltd. is a provider of insurance, financial and travel services. The company remains powerful in the financial, motoring and travel services business, under a management team with extensive experience in building and growing an affinity business. |
Buy | £6.2B |
| Category | Pension |
|---|---|
| Founded | 1990 |
| PE ASSETS | 242.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 175 |
| Sector (Insurance) | 2 of 7 |
| Type (Going Private) | 1 of 7 |
| Country (South Africa) | 1 of 1 |
| Year (2007) | 6 of 7 |
| Size (of disclosed) | 17 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-03 |
Osprey Media Publishing
Markham, Ontario, Canada Osprey Media Group is one of the one of the largest community newspaper companies in Canada. |
Sell | $414M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-01 |
Samsonite International
Luxembourg, Luxembourg Samsonite International designs, manufactures, and distributes luggage. The Company's products include suitcases, garment bags, casual bags, business cases, clothing, shoes, and accessories. Samsonite also licenses their trademarks for use on products such as travel accessories, leather goods, handbags, clothing, and furniture. Samsonite International was founded in 1910 and is based in Luxembourg City. |
Sell | $1.7B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 24.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 144 |
| Sector (Insurance) | 1 of 2 |
| Type (Going Private) | 1 of 1 |
| Country (South Africa) | 7 of 17 |
| Year (2007) | 10 of 13 |
| Size (of disclosed) | 2 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-09 |
Unza
Malaysia Unza is a manufacturer and marketer of personal care products like face creams, shampoos, deodorants. |
Sell | $246M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-10 |
LMKR
Dubai, United Arab Emirates LMKR is a provider of information management solutions to petroleum engineering services companies. LMKR was founded in 1994 and is based in Dubai, United Arab Emirates. |
Buy | - |
