M&A Deal Summary |
|
|---|---|
| Date | 2023-08-22 |
| Target | Ascent Global Logistics |
| Sector | Transportation |
| Buyer(s) | H.I.G. Private Equity |
| Sellers(s) | Elliott |
| Deal Type | Secondary Buyout |
| Advisor(s) | Debevoise & Plimpton (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, 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 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 343 of 369 |
| Sector (Transportation) | 17 of 18 |
| Type (Secondary Buyout) | 58 of 68 |
| State (Michigan) | 6 of 6 |
| Country (United States) | 227 of 245 |
| Year (2023) | 12 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-14 |
Worksuite
San Francisco, California, United States Worksuite is a smart, user-friendly Freelancer Management System (FMS). Worksuite makes it easy for small and large companies to onboard, manage and pay external workers in over 200 countries with just a few clicks. Take care of compliance, reporting, and project management in a fraction of the time. Worksuite is a complete solution providing powerful features and flexibility for every stage of business growth. Worksuite was founded in 2015 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-24 |
Pegasus Home Fashions
Elizabeth, New Jersey, United States Pegasus Home Fashions is a poly-filled pillow manufacturer. The Company services blue-chip customers within the mass-market, warehouse club, and specialty channels. In addition to selling under its own proprietary brands (including the “Essence Of” collection, Planet Pillow, and America’s Pillow), Pegasus manufactures for a portfolio of licensed brands (including Martha Stewart, BCBG Max Azria, and Beautyrest) and private label customers. The Company also wholesales ancillary bedding products, including mattress pads, toppers, and pillow protectors. Pegasus Home Fashions was founded in 1990 and is based in Elizabeth, New Jersey. |
Sell | - |
Elliott Management is a diversified investment management firm consisting of private equity, distressed, and hedge funds. The Firm's private equity group looks to acquire majority or minority stakes in private companies. In addition to private equity investing, Elliott looks to acquire positions in public companies, distressed assets, real estate, and commodities. Elliott Management was formed in 1977 and is headquartered in West Palm Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Transportation) | 1 of 1 |
| Type (Secondary Buyout) | 2 of 2 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-05-10 |
Syneos Health
Morrisville, North Carolina, United States Syneos Health is a fully integrated biopharmaceutical solutions organization built to accelerate customer success. Syneos Health translate unique clinical, medical affairs and commercial insights into outcomes to address modern market realities. Syneos Health was founded in 2010 and is based in Morrisville, North Carolina. |
Buy | $7.1B |
