M&A Deal Summary |
|
|---|---|
| Date | 2006-07-14 |
| Target | Petco Health and Wellness Company |
| Sector | Retail |
| Buyer(s) |
Stockwell Capital
Leonard Green & Partners TPG Freeman Spogli Crescent Capital Group HarbourVest Partners |
| Deal Type | Going Private |
| Deal Value | 1.8B USD |
| Advisor(s) | UBS Investment Bank (Financial) Pillsbury Winthrop Shaw Pittman (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 22 of 44 |
| Sector (Retail) | 2 of 3 |
| Type (Going Private) | 4 of 12 |
| State (California) | 3 of 6 |
| Country (United States) | 17 of 35 |
| Year (2006) | 5 of 10 |
| Size (of disclosed) | 15 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-21 |
Nielsen
New York, New York, United States Nielsen is a global information and measurement company that provides clients with a comprehensive understanding of consumers and consumer behaviour. Nielsen delivers critical media and marketing information, analytics, and industry expertise about what consumers buy and what consumers watch (consumer interaction with television, online and mobile) on a global and local basis. Nielsen was founded in 1923 and is based in New York City. |
Buy | $12.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-17 |
Ziggo
Groningen, Netherlands Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands. |
Buy | €2.1B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 102 |
| Sector (Retail) | 8 of 19 |
| Type (Going Private) | 5 of 14 |
| State (California) | 5 of 11 |
| Country (United States) | 18 of 94 |
| Year (2006) | 4 of 7 |
| Size (of disclosed) | 10 of 28 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-03 |
The Sports Authority
Englewood, Colorado, United States The Sports Authority, Inc. is a provider of full-line sporting goods retailers offering a comprehensive high-quality assortment of brand name sporting apparel and equipment at competitive prices. The company operates over 400 stores in 45 states. The Sports Authority, Inc. was formed in 1928 and is based in Englewood, Colorado. |
Buy | $1.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-06 |
Tourneau
New York City, New York, United States Tourneau, Inc. is a luxury watch retailer in the United States with 28 retail locations across 10 states. |
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 | 80 of 421 |
| Sector (Retail) | 6 of 13 |
| Type (Going Private) | 8 of 36 |
| State (California) | 20 of 85 |
| Country (United States) | 57 of 276 |
| Year (2006) | 11 of 19 |
| Size (of disclosed) | 43 of 105 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-03 |
J. Crew
Lynchburg, Virginia, United States J.Crew is a nationally recognized multi‐channel retailer of women’s, men’s and children’s apparel, shoes and accessories. J. Crew was formed in 1983 and is based in Lynchburg, Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-24 |
Business Signatures
Redwood City, California, United States Business Signatures Corp. offers fraud prevention solution to solve information technology management and online fraud and risk prevention services. Business Signatures' e-fraud signature library provides financial services companies with templates that recognize patterns of navigation, access and behavior within online customer sessions; and its intent processor platform enables the detection of fraudulent intent versus normal intent of online customers. |
Sell | $50M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Focused |
Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 48 |
| Sector (Retail) | 9 of 16 |
| Type (Going Private) | 2 of 2 |
| State (California) | 3 of 6 |
| Country (United States) | 14 of 48 |
| Year (2006) | 4 of 6 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-06 |
Savers
Bellevue, Washington, United States Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia. |
Buy | $550M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-03 |
Mattress Giant
Addison, Texas, United States Mattress Giant Corp. is a specialty retailer of bedding products to markets across the eastern half of the U.S. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.
| DEAL STATS | # |
|---|---|
| Overall | 29 of 67 |
| Sector (Retail) | 3 of 4 |
| Type (Going Private) | 2 of 4 |
| State (California) | 6 of 6 |
| Country (United States) | 25 of 54 |
| Year (2006) | 3 of 6 |
| Size (of disclosed) | 3 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-06 |
Savers
Bellevue, Washington, United States Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia. |
Buy | $550M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-10-10 |
TDF
Montrouge, France TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France. |
Buy | €5.0B |
| 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 | 38 of 223 |
| Sector (Retail) | 1 of 5 |
| Type (Going Private) | 3 of 27 |
| State (California) | 4 of 19 |
| Country (United States) | 24 of 134 |
| Year (2006) | 9 of 14 |
| Size (of disclosed) | 31 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-07-05 |
Trainline
London, United Kingdom Trainline is an online provider of rail tickets for rail travel in the UK. The Company was Founded in 1999 and is based in London, United Kingdom. |
Buy | £163M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-08-06 |
GE AVIO S.r.l.
Rivalta, TO, Italy Avio is a designers and manufacturers of components and systems for commercial, military and space launch engines. Its activities include jet derivative engines and automation systems for naval and industrial applications, power generation and a highly successful maintenance, repair and overhaul operation for civil and military clients. |
Buy | €2.6B |
