M&A Deal Summary |
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Date | 2007-02-01 |
Target | Holiday Retirement |
Sector | Consumer Services |
Buyer(s) | Fortress |
Sellers(s) | Birch Hill Equity Partners |
Deal Type | Secondary Buyout |
Deal Value | 6.9B USD |
Advisor(s) | BofA Securities Cohen & Steers Capital Advisors LLC (Financial) Foster Garvey (Legal) |
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Category | Asset Manager |
---|---|
Founded | 1998 |
PE ASSETS | 44.2B USD |
Size | Mega |
Type | Sector Agnostic |
Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.
DEAL STATS | # |
---|---|
Overall | 20 of 45 |
Sector (Consumer Services) | 2 of 2 |
Type (Secondary Buyout) | 1 of 5 |
State (Florida) | 3 of 5 |
Country (United States) | 15 of 34 |
Year (2007) | 2 of 7 |
Size (of disclosed) | 2 of 21 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-02-01 |
RailAmerica
Jacksonville, Florida, United States RailAmerica, Inc. owns and operates short line and regional freight railroads in North America, operating a portfolio of 45 individual railroads with approximately 7,500 miles of track in 28 U.S. states and three Canadian provinces. |
Buy | $1.1B |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-05-08 |
Florida East Coast Industries
Miami, Florida, United States Florida East Coast Industries operates through four distinct business lines including Brightline, the United States’ first privately owned, operated and maintained intercity passenger rail system; Flagler Global Logistics, an integrated logistics company that offers a wide range of logistics services and real estate solutions; Parallel Infrastructure, a national developer, owner, operator, and manager of telecommunications towers for the wireless industry; and Flagler, a full service commercial real estate company. Florida East Coast Industries is based in Miami, Florida. |
Buy | $3.5B |
Category | Private Equity Firm |
---|---|
Founded | 1994 |
PE ASSETS | 5.0B CAD |
Size | Large |
Type | Sector Agnostic |
Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.
DEAL STATS | # |
---|---|
Overall | 5 of 37 |
Sector (Consumer Services) | 2 of 2 |
Type (Secondary Buyout) | 4 of 13 |
State (Florida) | 1 of 1 |
Country (United States) | 1 of 7 |
Year (2007) | 1 of 3 |
Size (of disclosed) | 1 of 13 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2006-10-01 |
Bluewave Energy
Dartmouth, Nova Scotia, Canada Bluewave Energy operates as a petroleum delivery company in Canada. It delivers furnace oil, diesel oil, dyed diesel oil, gasoline, Shell lubricants, marine gas oil, and heavy fuel oil to commercial and residential customers, as well as asphalt to highway, street, and airport construction in Western Canada. The company also provides equipment service plans, heating equipment, and oil spill protection, as well as heating, air conditioning, and fuel storage equipment services and finance. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2007-05-04 |
Persona Communications
St. John’s, Alberta, Canada Persona (formerly Regional Cablesystems Inc.) is Canada's premier provider of digital TV, hi-speed Internet and telecom services to residential and commercial customers in non-urban communities throughout British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec and Newfoundland & Labrador. |
Sell | - |