M&A Deal Summary |
|
|---|---|
| Date | 2021-11-26 |
| Target | Consol Glass |
| Sector | Packaging |
| Buyer(s) |
HarbourVest Partners
Ardagh Group SA |
| Sellers(s) |
Brait
Old Mutual Private Equity |
| Deal Type | Add-on Acquisition |
| Deal Value | 10.1B ZAR |
| Advisor(s) | Barclays Investment Bank (Financial) |
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| 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 | 223 of 223 |
| Sector (Packaging) | 3 of 3 |
| Type (Add-on Acquisition) | 10 of 10 |
| Country (South Africa) | 3 of 3 |
| Year (2021) | 13 of 13 |
| Size (of disclosed) | 44 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-16 |
Riverbed
San Francisco, California, United States Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-01 |
Finalsite
Glastonbury, Connecticut, United States Finalsite is a SaaS-based learning and communications platform for K-12 independent and public schools and higher education institutions in the U.S. and internationally. The platform manages all aspects of a school’s web presence and facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. Finalsite was founded in 1998 and is based in Glastonbury, Connecticut. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1932 |
| Sector | Packaging |
| Employees | 18,000 |
| Revenue | 4.2B EUR (2013) |
Ardagh Group is a Luxembourg-based producer of glass and metal products. It was founded in 1932 as the Irish Glass Bottle Company. In 1999 it expanded by buying Rockware Glass and in 2007 by buying the Rexam Glass Division.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Packaging) | 4 of 4 |
| Type (Add-on Acquisition) | 4 of 4 |
| Country (South Africa) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-15 |
Trivium Packaging
Amsterdam, Netherlands Trivium Packaging will serve a diverse range of major multinational, regional and local customers operating in a wide array of end markets, including food, seafood, pet food, nutrition, beauty, and personal care, household care and premium beverages. Trivium Packaging is based in Amsterdam, Netherlands. |
Buy | $2.5B |
Brait is an investment holding company focused on realising growth and value creation from its existing portfolio of sizeable, unlisted businesses operating in the broad consumer sector. Brait’s share are primarily listed on the Luxembourg Stock Exchange, with a secondary listing on the JSE. Brait Private Equity was founded in 1991and is located in San Gwann, Malta.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 17 |
| Sector (Packaging) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| Country (South Africa) | 16 of 17 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-11 |
Primedia
Sandown, South Africa Formed in 1994, Primedia (Pty) Ltd. is a South African focused media and advertising group targeting premium consumers on the move. The company has a broad portfolio of broadcasting and out-of-home assets, covering a wide range of advertising opportunities including radio stations and in-mall media. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-03-24 |
Premier
Waterfall, South Africa Premier is a fast-moving consumer goods (FMCG) manufacturer offering branded and private label solutions. Its strong heritage brands include Snowflake (wheat flour), Iwisa No 1, SuperSun and Nyala (maize meal), Blue Ribbon (bread), Lil-lets (feminine hygiene), Manhattan and Super C (sugar confectionery), and the Companhia Industrial da Matola S.A. food portfolio (Top Score, Polana, Florbela and Favorita) in Mozambique. Premier was formed in 1820 and is based in Waterfall, South Africa. |
Sell | - |
| Category | Corporate Investor |
|---|---|
| Founded | 2003 |
| PE ASSETS | 9.0B ZAR |
| Size | Middle-Market |
| Type | Sector Agnostic |
Old Mutual Private Equity (OMPE) is private equity arm of South African financial services firm Old Mutual. OMPE is both a fund and direct investor and generally targets opportunities throughout the Southern region of Africa. OMPE looks to invest a minimum of R100 million per transaction and typically seeks to hold investments for a period of 5 to 7 years. Types of transactions include take privates, MBOs, LBOs, growth capital financings, and recapitalization. Old Mutual Private Equity was formed in 2004 and is based in Pinelands, South Africa.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Packaging) | 1 of 1 |
| Type (Add-on Acquisition) | 3 of 3 |
| Country (South Africa) | 3 of 3 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-02-13 |
Savcio Holdings
Bedfordview, South Africa SAVCIO is the largest privately-owned provider of maintenance and repair services for rotating electrical equipment and transformers in Africa. |
Sell | - |
