M&A Deal Summary |
|
|---|---|
| Date | 2025-08-01 |
| Target | Philz Coffee |
| Sector | Restaurants |
| Buyer(s) | Freeman Spogli |
| Sellers(s) |
Summit Partners
TPG |
| Deal Type | Secondary Buyout |
| Deal Value | 145M USD |
| Advisor(s) | Piper Sandler & Co. (Financial) |
SEARCH BY
| 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 | 49 of 49 |
| Sector: Restaurants M&A | 5 of 5 |
| Type: Secondary Buyout M&A Deals | 19 of 19 |
| State: California M&A | 7 of 7 |
| Country: United States M&A | 49 of 49 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 8 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-11 |
Infinity Home Services
New Berlin, Wisconsin, United States Infinity Home Services is a provider of residential roofing, siding, window, and gutter replacement in primarily the non-insurance, retail market. Infinity Home Services was founded in 1997 and is based in New Berlin, Wisconsin. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 293 of 294 |
| Sector: Restaurants M&A | 1 of 1 |
| Type: Secondary Buyout M&A Deals | 64 of 64 |
| State: California M&A | 64 of 64 |
| Country: United States M&A | 253 of 254 |
| Year: 2025 M&A | 5 of 6 |
| Size (of disclosed) | 40 of 51 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-07-22 |
NetBrain
Burlington, Massachusetts, United States NetBrain is a provider of the first map-driven network automation solution. Hundreds of enterprises rely on NetBrain’s unique map-driven automation software to accelerate troubleshooting and prevent network outages. Netbrain was founded in 2004 and is based in Burlington, Massachusetts. |
Sell | $750M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-10-22 |
Highwire
Burlington, Massachusetts, United States Highwire is a provider of prequalification and contractor risk solutions for the U.S. construction and capital projects market. Highwire was formed in 2008 and is based in Burlington, Massachusetts. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 296.0B 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 | 275 of 277 |
| Sector: Restaurants M&A | 7 of 7 |
| Type: Secondary Buyout M&A Deals | 39 of 41 |
| State: California M&A | 64 of 64 |
| Country: United States M&A | 198 of 199 |
| Year: 2025 M&A | 5 of 7 |
| Size (of disclosed) | 64 of 73 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-12 |
Q-Centrix
Chicago, Illinois, United States Q-Centrix is a provider of outsourced quality data management solutions for hospitals and healthcare providers. Q-Centrix was founded in 2011 and is based in Chicago, Illinois. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-08-05 |
Elite
New York, New York, United States Elite is a provider of integrated practice and financial management systems for professional service firms worldwide. It provides billing systems for the legal industry to deliver a variety of products and consulting services to other professional service markets, including accounting, engineering, marketing and management and IT consulting. Elite is based in New York, New York. |
Sell | - |
