M&A Deal Summary

Golden Gate Capital Acquires Covia Holdings

On December 31, 2020, private equity firm Golden Gate Capital acquired metals/mining company Covia Holdings

Acquisition Highlights
  • This is Golden Gate Capital’s 3rd transaction in the Metals/Mining sector.
  • This is Golden Gate Capital’s 90th transaction in the United States.
  • This is Golden Gate Capital’s 6th transaction in Ohio.

M&A Deal Summary
Date 2020-12-31
Target Covia Holdings
Sector Metals/Mining
Buyer(s) Golden Gate Capital
Deal Type Special Situations/Distressed

Target

Covia Holdings

Independence, Ohio, United States
Covia Holdings is a provider of mineral-based material solutions for the industrial and energy markets. Covia offers a broad array of high-quality mineral and material products to its customers, leveraging an extensive network of plants and terminals located across North America. Covia Holdings is based in Independence, Ohio.

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Buyer(S) 1

Buyer

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.

DEAL STATS #
Overall 101 of 110
Sector (Metals/Mining) 3 of 3
Type (Special Situations/Distressed) 4 of 4
State (Ohio) 6 of 7
Country (United States) 90 of 98
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Tidal Wave

Thomaston, Georgia, United States

Tidal Wave is one of the fastest growing car wash chains in the country and is a recognized the industry with locations nationwide. Tidal Wave is committed to providing cutting-edge car care technology and exceptional customer service at each of their 250 plus locations across 27 states. Tidal Wave was founded in 1999 and is based in Thomaston, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Mosaic Insurance

Hamilton, Bermuda

Mosaic Insurance is a next-generation global insurer combining Lloyd’s Syndicate 1609 with sophisticated underwriting talent in a syndicated capital management agency structure. Mosaic focuses on sourcing and underwriting business in specialty insurance lines that require deep industry expertise and operates. Mosaic Insurance is based in Hamilton, Bermuda.

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