M&A Deal Summary |
|
|---|---|
| Date | 2021-08-26 |
| Target | itel |
| Sector | Insurance |
| Buyer(s) |
GTCR
HarbourVest Partners |
| Sellers(s) | PNC Riverarch Capital |
| Deal Type | Secondary Buyout |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1980 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 121 of 143 |
| Sector (Insurance) | 6 of 6 |
| Type (Secondary Buyout) | 26 of 33 |
| State (Florida) | 12 of 13 |
| Country (United States) | 117 of 138 |
| Year (2021) | 5 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Outcomes
Orlando, Florida, United States Outcomes is a developer and supplier of pharmacy management software solutions to the independent, hospital, long-term care, and specialty pharmacy markets across the United States, Mexico, and the Caribbean. Outcomes offers software solutions to enable insurance claims processing, e-prescription connectivity, pharmacy workflow management, and other critical functions for its pharmacist customers. Outcomes was formed in 1977 and is based in Orlando, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-01 |
PPC Flexible Packaging
Buffalo Grove, Illinois, United States PPC Flexible Packaging is a provider of converted flexible packaging for the healthcare, medical, organic snack, pet food, bakery and produces markets. The company excels in the design and manufacture of value-added printed, laminated and stand up pouch packaging for the most demanding applications. Recognized for its focus on exceptional speed to market, it excels in delivering service, quality, and technology to its valued customer base. PPC Flexible Packaging was founded in 1968 and is based in Buffalo Grove, Illinois. |
Buy | - |
| 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 | 218 of 223 |
| Sector (Insurance) | 12 of 12 |
| Type (Secondary Buyout) | 55 of 55 |
| State (Florida) | 9 of 9 |
| Country (United States) | 130 of 134 |
| Year (2021) | 8 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-28 |
Vestcom
Little Rock, Arkansas, United States Vestcom is a provider of technology-enabled shelf-edge media solutions to the retail and consumer products industry. The company offers an array of solutions including customized shelf-edge labels, branding and promotional content labels, and shelf-edge strips with product information. Vestcom was founded in 1996 and is based in Little Rock, Arkansas. |
Buy | $1.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-09-01 |
SambaSafety
Greenwood Village, Colorado, United States SambaSafety is a provider of Driver Risk Management (DRM) services and Motor Vehicle Records (MVRs) to every industry across the United States. SambaSafety’s innovative Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies. This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work. Additionally, SambaSafety solutions provide the insights insurance carriers need to accurately price risk throughout the policy lifecycle. SambaSafety was founded in 1998 and is based in Greenwood Village, Colorado. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2011 |
| PE ASSETS | 250M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 18 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 10 of 12 |
| State (Florida) | 1 of 1 |
| Country (United States) | 13 of 16 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-17 |
Painters Supply
Taylor, Michigan, United States Painters Supply is a distributor of automotive, industrial, and architectural coatings in the United States. PSE serves more than 4,000 customers, including collision repair shops, auto dealerships, fleet operators, and various other commercial and industrial accounts. Painters Supply was established in 1952 and is based in Taylor, Michigan. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-02-08 |
Messenger
Auburn, Indiana, United States Messenger is a comprehensive provider of memorialization products, tech-enabled financial services, and technology solutions to funeral homes nationwide. The Company built its best-in-class reputation and unrivaled customer network over 100+ years as a manufacturer and marketer of memorial stationery, urns, and specialty consumer products, including jewelry and other keepsakes. In recent years, Messenger leveraged its powerful distribution reach, brand equity, and industry relationships to broaden its product lines to include innovative technology and life insurance assignment solutions through the funeral home and cemetery specialty retail channel. Messenger was founded in 1913 and is based in Auburn, Indiana. |
Buy | - |
