M&A Deal Summary

Goldman Sachs Merchant Banking Acquires Capital Vision Services

On June 3, 2019, private equity firm Goldman Sachs Merchant Banking acquired consumer services company Capital Vision Services from Monitor Clipper Partners and Altas Partners

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 2nd transaction in the Consumer Services sector.
  • This is Goldman Sachs Merchant Banking’s 112th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 6th transaction in Virginia.

M&A Deal Summary
Date 2019-06-03
Target Capital Vision Services
Sector Consumer Services
Buyer(s) Goldman Sachs Merchant Banking
Sellers(s) Monitor Clipper Partners
Altas Partners
Deal Type Secondary Buyout

Target

Capital Vision Services

Vienna, Virginia, United States
Capital Vision Services LP manages independently owned optometry practices which operate under the trade name MyEyeDr. and are recognized leaders in full scope optometry and personalized optical services. Capital Vision Services is the nation’s largest and most experienced practice management services company with the goal of protecting independent optometry.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.

DEAL STATS #
Overall 160 of 182
Sector (Consumer Services) 2 of 2
Type (Secondary Buyout) 56 of 66
State (Virginia) 6 of 6
Country (United States) 112 of 126
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Groupe B&B Hotels Sas

Cedex, France

Groupe B&B Hotels Sas is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Sprint Industrial

Houston, Texas, United States

Sprint Industrial is a provider of specialized industrial rental equipment and services to blue-chip customers in the petrochemical, chemical, and downstream energy industries. Sprint’s product lines include temporary liquid and solid storage tanks for maintenance projects, as well as safety products such as gas detection and breathing air systems to protect workers and employees during maintenance jobs.

Sell -

Seller(S) 2

SELLER

Monitor Clipper Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.

DEAL STATS #
Overall 32 of 35
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 11 of 12
State (Virginia) 4 of 4
Country (United States) 27 of 28
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 OnTrac Final Mile

Vienna, Virginia, United States

OnTrac is the parcel carrier of choice for last-mile e-commerce deliveries that helps retailers and shippers build a competitive advantage through faster delivery times, lower costs, coast-to-coast coverage, and reliable on-time performance. OnTrac was founded in 1986 and is based in Vienna, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Reverse Logistics

Munich, Germany

Reverse Logistics is a provider of end-to-end solutions for returns management and environmental compliance to businesses in over 80 countries. Reverse Logistics was founded in 2006 and is based in Munich, Germany.

Sell -
SELLER

Altas Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 10.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Partners LP is a Canadian private equity firm focused on acquiring controlling stakes in 'high-quality, market-leading' businesses. Atlas Partners does not have any sector preferences and generally pursues companies with strong management, stable cash-flows, and minimal risk of disintermediation. The Firm's target investment size is $100 to $500 million. Atlas Partners LP was formed in 2012 and is based in Toronto.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Services) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 University of St. Augustine for Health Sciences

San Marcos, California, United States

University of St. Augustine for Health Sciences is a graduate health sciences academic institution. USAHS currently educates its students through its network of campuses in San Marcos, California; St. Augustine, Florida; Austin, Texas; and Miami, Florida, and through its online programs. University of St. Augustine for Health Sciences was founded in 1979 and is based in San Marcos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 DuBois Chemicals

Sharonville, Ohio, United States

DuBois Chemicals is a chemical maker whose products are used for cleaning in a wide variety of industries. DuBois prides itself on high-quality solutions that improve efficiency, reduce environmental impact, and perform to the most demanding standards. DuBois Chemicals was founded in 1920 and is based in Sharonville, Ohio.

Buy -
Mergr

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