Divestiture • Business Services

H.I.G. Private Equity and CVC Capital Partners Acquire Interpath Advisory

On March 4, 2021, private equity firms H.I.G. Private Equity and CVC Capital Partners acquired business services company Interpath Advisory from KPMG International

Acquisition Context
  • This is H.I.G. Private Equity’s 31st and CVC Capital Partners’ 15th transaction in the Business Services sector.
  • This is H.I.G. Private Equity’s 19th and CVC Capital Partners’ 51st transaction in the United Kingdom.

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M&A Deal Summary

Date March 4, 2021
Target Interpath Advisory
Sector Business Services
Buyer(s) H.I.G. Private Equity
CVC Capital Partners
Sellers(s) KPMG International
Deal Type Divestiture

Target Company

Interpath Advisory

London, United Kingdom
Interpath Advisory is a multidisciplinary practice that advises companies, lenders, equity holders, and a wide range of other stakeholders including the Government, regulators, and pension trustees to navigate through the issues associated with economic disruption and overcome financial and operational challenges. Interpath Advisory was founded in 2021 and is based in London, United Kingdom.
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Buyers Overview 2

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


Deal Context for Buyer #
Overall 280 of 385
Sector: Business Services 31 of 45
Type: Divestiture 35 of 48
Country: United Kingdom 19 of 30
Year: 2021 7 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Eletromidia

Sao Paulo, Brazil

Eletromidia is an out-of-home advertising company. With operations in the transportation, airport, shopping malls and street furniture segments. Eletromidia was founded in 1993 and is based in Sao Paulo, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 Infinigate

Rotkreuz, Switzerland

Infinigate is a specialized value-added distributor (“VAD”) for cybersecurity and cloud solutions for the SME segment. The core of Infinigate’s business is software distribution acting as a sales multiplicator between vendors and resellers, giving market access to disruptive vendors, and providing value-added services, such as technical support, training, and marketing support to vendors and resellers. Infinigate was founded in 1996 and is based in Rotkreuz, Switzerland.

Sell -
Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


Deal Context for Buyer #
Overall 270 of 329
Sector: Business Services 15 of 18
Type: Divestiture 33 of 40
Country: United Kingdom 51 of 61
Year: 2021 6 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 MedRisk

King of Prussia, Pennsylvania, United States

MedRisk is a provider of managed physical medicine services for the workers’ compensation industry in the U.S. The company consistently delivers clinically superior patient outcomes via the coordination and active management of physical medicine services for workers' compensation patients. Today, it manages physical therapy, occupational therapy, and chiropractic treatments for more than 500,000 injured workers annually through a nationwide network across 49 states and Washington, D.C. MedRisk was founded in 1994 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Six Nations Rugby

London, United Kingdom

Six Nations Rugby is the official organising body, responsible for rugby's greatest annual international Championships and competitions, working in collaboration with its member Unions and Federations; England, France, Ireland, Italy, Scotland & Wales. Six Nations Rugby is based in London, United Kingdom.

Buy -

Seller Profile 1

SELLER

KPMG International

Zurich, Switzerland

Category Company
Founded 1987
Sector Business Services
DESCRIPTION
KPMG office in central Stockholm, Sweden.
KPMG office in central Stockholm, Sweden.

KPMG is a provider of audit, tax and advisory services. KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries. KPMG was established in 1987 and is based in Zurich, Switzerland.


Deal Context for Seller #
Overall 5 of 8
Sector: Business Services 5 of 7
Type: Divestiture 4 of 7
Country: United Kingdom 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 Isio

London, United Kingdom

Isio Group is an independent pensions advice and wealth management specialist that combines actuarial expertise, third-party administration, investment consulting, and DC specialism. Isio was formed in 2019 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 KPMG s Restructuring Business

Bermuda

KPMG's Restructuring Business brings expert advice to challenging situations of all shapes and sizes, from the largest and most complex corporate and international positions to the SMEs and owner-managed concerns underpinning the local market. The business support companies, lenders, equity holders, and a wide range of other stakeholders from Government, to regulators and many more in overcoming the issues associated with financial stress, distress or simple under-performance.

Sell -