M&A Deal Summary |
|
|---|---|
| Date | 2019-08-02 |
| Target | OEC |
| Sector | Information Technology |
| Buyer(s) | Genstar Capital |
| Sellers(s) |
Providence Equity Partners
General Motors Ford Motor |
| Deal Type | Secondary Buyout |
| Advisor(s) | UBS Investment Bank (Financial) Debevoise & Plimpton (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 49.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 84 of 109 |
| Sector (Information Technology) | 6 of 9 |
| Type (Secondary Buyout) | 34 of 49 |
| State (Ohio) | 4 of 4 |
| Country (United States) | 77 of 101 |
| Year (2019) | 6 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-06 |
Advarra
Columbia, Maryland, United States Advarra is a provider of IRB, IBC, and compliance consulting services in North America. Fully accredited by AAHRPP, the company serves pharmaceutical, biotechnology, and medical device research sponsors and contract research organizations (CROs), as well as academic medical centers, hospital systems, investigative site networks, and patient advocacy groups. Advarra was founded in 1983 and is based in Columbia, Maryland. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-07 |
Worldwide Facilities
Los Angeles, California, United States Worldwide Facilities LLC is a national wholesale insurance broker, managing general agent, and program manager. Worldwide Facilities brokers and underwriters are industry leaders providing expertise in a wide range of specialty lines, as well as extensive contacts with carriers domestically and overseas. Worldwide Facilities was founded in 1970 and is based in Los Angeles, California. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 36.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.
| DEAL STATS | # |
|---|---|
| Overall | 74 of 100 |
| Sector (Information Technology) | 6 of 8 |
| Type (Secondary Buyout) | 19 of 31 |
| State (Ohio) | 1 of 2 |
| Country (United States) | 47 of 68 |
| Year (2019) | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-01 |
DivvyCloud
Arlington, Virginia, United States DivvyCloud is a provider of security and compliance automation for public cloud and container infrastructure. DivvyCloud helps enterprise customers improve security, take control, and minimize risk as they embrace the dynamic, self-service, nature of public cloud and container infrastructure. DivvyCloud was launched in 2013 and is based in Arlington, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-29 |
YES Network
New York, New York, United States YES Network is a 24/7 sports and entertainment television network featuring the New York Yankees. YES also broadcasts the New Jersey Nets and other professional and collegiate sports teams as well as classic sports footage and sports-related content. YES Network was founded in 2002 and is based in New York City. |
Sell | $3.5B |
| Category | Company |
|---|---|
| Founded | 1908 |
| Sector | Automotive |
| Employees | 163,000 |
| Revenue | 171.8B USD (2023) |
General Motors is a global manufacturer of cars, trucks, and auto parts. General Motors' automotive group is separated into GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA). GMNA develops vehicles manufactured and marketed under the Buick, Cadillac, Chevrolet and GMC brands. Outside of North America, vehicles are developed, manufactured and marketed under the Buick, Cadillac, Chevrolet, GMC, Holden, Opel and Vauxhall brands. GM also has equity ownership stakes directly or indirectly in entities through various regional subsidiaries, primarily in Asia. These companies design, manufacture and market vehicles under the Alpheon, Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands. In addition to the products GM sells to dealers for consumer retail sales, GM also sells cars and trucks to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies and governments. General Motors was founded in 1908 and is based in Detroit, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Information Technology) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 5 of 5 |
| Year (2019) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-09 |
Strobe
United States Strobe is develops next generation LIDAR technology for use in self-driving applications. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1903 |
| Sector | Automotive |
| Employees | 173,000 |
| Revenue | 176.2B USD (2023) |
Ford Motor produces and sells automobiles under the Ford and Lincoln brands. In addition to the products Ford sells to dealerships for retail sale, the Company also sells vehicles to dealerships for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments. Ford Motor also sells parts and accessories, primarily to dealerships and to authorized parts distributors. Through its dealerships, Ford Motor also offers extended service contracts to retail customers. Ford Motor was founded in 1903 and is headquartered in Dearborn, Michigan.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 12 |
| Sector (Information Technology) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 1 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 7 of 8 |
| Year (2019) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-08 |
Spin
Vancouver, Ontario, Canada Spin is an electric scooter-sharing company that provides customers with an alternative for first- and last-mile transportation. Spin was founded in 2017 and is based in Vancouver, Ontario. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-09-12 |
Canvas
San Francisco, California, United States Canvas is an online platform offering convenient and personalized car subscriptions. All of Canvas cars come standard with insurance, maintenance, warranty coverage, and roadside assistance. |
Sell | - |
