M&A Deal Summary |
|
|---|---|
| Date | 2018-05-03 |
| Target | Renaissance |
| Sector | Education |
| Buyer(s) |
Francisco Partners
The Blackstone Group TPG |
| Sellers(s) |
Hellman & Friedman
CapitalG |
| Deal Type | Secondary Buyout |
| Advisor(s) | Macquarie Capital (Financial) Simpson Thacher & Bartlett (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 45.0B USD |
| Size | Mega |
| Type | Sector Focused |
Francisco Partners is a private equity firm focused exclusively on investments in technology and technology-enabled services. Specific areas of interest include semiconductors, capital equipment, electronics components, systems and manufacturing, IT services and business process outsourcing, communications, security and enterprise applications, and infrastructure software. Prospective investment situations include divisional buyouts, growth equity financings, acquisitions of private companies, sponsored mergers and acquisitions, and take-privates. Francisco Partners looks for opportunities where it can commit a minimum of $100 million per investment. Francisco Partners was formed in 1999 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 96 of 149 |
| Sector (Education) | 3 of 7 |
| Type (Secondary Buyout) | 13 of 24 |
| State (Wisconsin) | 3 of 3 |
| Country (United States) | 80 of 124 |
| Year (2018) | 6 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-09 |
VeriFone Systems
San Jose, California, United States VeriFone Systems, Inc. is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone Systems, Inc. is headquartered in San Jose, California. |
Buy | $3.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-06 |
ByBox Holdings
Oxford, United Kingdom ByBox Holdings is a technology-led logistics and locker provider. Like mechanical lock boxes that secure distributed inventory, the right mix of software, logistics expertise, smart lockers etc. ByBox Holdings was founded in 2000 and is based in Oxford, United Kingdom. |
Buy | £221M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 237 of 335 |
| Sector (Education) | 3 of 5 |
| Type (Secondary Buyout) | 41 of 80 |
| State (Wisconsin) | 1 of 2 |
| Country (United States) | 146 of 210 |
| Year (2018) | 3 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-13 |
CARD
Plano, Texas, United States CARD is a provider of autism behavioral health services for children and adults affected by autism spectrum disorder. CARD was established in 1990 and is based in Los Angeles, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-11 |
Packers Sanitation Services
Mt. Pleasant, Iowa, United States PSSI is a provider of outsourced cleaning services to the beef, pork and poultry processing industries. PSSI also cleans other specialized food preparation plants including those that process salads and pizza toppings. PSSI has grown rapidly due to increased outsourcing of cleaning services and added focus on food safety. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 323 of 421 |
| Sector (Education) | 6 of 10 |
| Type (Secondary Buyout) | 46 of 72 |
| State (Wisconsin) | 2 of 2 |
| Country (United States) | 215 of 276 |
| Year (2018) | 13 of 33 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-03 |
Rodan + Fields
San Francisco, California, United States Rodan + Fields is an operator of a skincare brand in North America. Rodan + Fields has 1.8m subscription-based customers and delivers products exclusively through a direct sales channel with a salesforce of more than 350k consultants, who sell products to their networks through a web portal against commissions on sales. Rodan + Fields was founded in 2000 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-14 |
GreenSky
Atlanta, Georgia, United States GreenSky is a technology company powering commerce at the point of sale for a growing ecosystem of merchants, consumers, and banks. The company's highly scalable, proprietary, and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky was formed in 2006 and is based in Atlanta, Georgia. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 46 of 59 |
| Sector (Education) | 2 of 2 |
| Type (Secondary Buyout) | 15 of 15 |
| State (Wisconsin) | 2 of 2 |
| Country (United States) | 32 of 43 |
| Year (2018) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-01 |
Edelman Financial Engines
Santa Clara, California, United States Edelman Financial Engines is a financial planning and investment management firm. Edelman Financial Engines was founded in 1986 and is based in Santa Clara, California. |
Buy | $3.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-29 |
SimpliSafe
Boston, Massachusetts, United States SimpliSafe is a provider of residential monitored security solutions. The company’s proprietary security systems are sold to consumers on a “DIY” installation basis, offering customers a full range of features including intrusion and fire detection, video and smart home integration. The Company was founded in 2006 and is based in Boston, Massachusetts. |
Buy | - |
| Category | Corporate Investor |
|---|---|
| Founded | 2013 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Focused |
CapitalG is the growth equity and direct investment arm of Alphabet, Inc. CapitalG invests in emerging tech-enabled service companies and assists with providing tactical advice across key functional areas such as engineering, product, sales, and marketing. CapitalG was formerly known as Google Capital. The Unit was formed in 2013 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 16 |
| Sector (Education) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 4 |
| State (Wisconsin) | 1 of 1 |
| Country (United States) | 4 of 15 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-28 |
Zscaler
San Jose, California, United States Zscaler enables major organizations to securely transform their networks and applications for a mobile and cloud-first world. Zscaler flagship services, Zscaler Internet Access, and Zscaler Private Access create fast, secure connections between users and applications, regardless of device, location, or network. Zscaler was founded in 2007 and is based in San Jose, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-10 |
Robinhood
Menlo Park, California, United States Robinhood operates as an institutional brokerage company. Robinhood offers commission-free trading in one, user-friendly platform. Robinhood is based in Menlo Park, California. |
Buy | - |
