M&A Deal Summary |
|
|---|---|
| Date | 2013-08-05 |
| Target | HUB International |
| Sector | Insurance |
| Buyer(s) |
Hellman & Friedman
HarbourVest Partners Altas Partners |
| Sellers(s) | Apax |
| Deal Type | Secondary Buyout |
| Deal Value | 4.4B USD |
| Advisor(s) | BofA Securities Morgan Stanley Stephens Investment Banking (Financial) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 50.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Hellman & Friedman (H&F) is a large private equity firm on the West Coast of the US. H&F focuses on control and minority investments in a variety of transaction structures and will consider opportunities across the US and Europe. H&F seeks buyouts and business in need of restructurings that operate in defensible markets with predictable revenue and earnings growth. Target sectors include financial services, healthcare, indusrial, energy, insurance, media, marketing, professional services, software, and information services. H&F's target equity investment size is $300 million to $1 billion. Hellman & Friedman was formed in 1984 and has offices in San Francisco, New York City, and London.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 88 |
| Sector (Insurance) | 6 of 7 |
| Type (Secondary Buyout) | 12 of 26 |
| State (Illinois) | 3 of 6 |
| Country (United States) | 38 of 61 |
| Year (2013) | 1 of 4 |
| Size (of disclosed) | 7 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-29 |
Goodman Global
Houston, Texas, United States Goodman Global, Inc. is the largest domestic unit manufacturer of heating, ventilation and air conditioning products for residential and light-commercial use. |
Sell | $3.7B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-19 |
CARPROOF
London, Ontario, Canada CARPROOF Corp. is a provider of automotive vehicle history reports to dealers, auto auctions, original equipment manufacturers, lenders, insurers, governments, law enforcement agencies and consumers. |
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 | 116 of 223 |
| Sector (Insurance) | 6 of 12 |
| Type (Secondary Buyout) | 22 of 55 |
| State (Illinois) | 5 of 6 |
| Country (United States) | 71 of 134 |
| Year (2013) | 7 of 11 |
| Size (of disclosed) | 13 of 68 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-01 |
GE AVIO S.r.l.
Rivalta, TO, Italy Avio is a designers and manufacturers of components and systems for commercial, military and space launch engines. Its activities include jet derivative engines and automation systems for naval and industrial applications, power generation and a highly successful maintenance, repair and overhaul operation for civil and military clients. |
Sell | €3.3B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-07 |
Einstruction
Denton, Texas, United States Einstruction Corp. is a provider of interactive classroom technology (ICT) and content-based assessment software to the K-12, higher education, corporate and military markets worldwide. eInstruction’s comprehensive suite of products provide an interactive learning environment designed to improve student academic performance, increase efficiency and effectiveness of educators and provide greater information for use by instructors, administrators and parents. Einstruction is based in Denton, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2012 |
| PE ASSETS | 10.0B USD |
| Size | Large |
| Type | Sector Agnostic |
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 10 |
| Sector (Insurance) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 6 |
| State (Illinois) | 1 of 2 |
| Country (United States) | 2 of 9 |
| Year (2013) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-01 |
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. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-21 |
NSC Minerals
Saskatoon, Saskatchewan, Canada NSC Minerals, Inc. is a provider of salt for highway de-icing, industrial and agricultural applications, serving municipal, provincial and state governments. NSC Minerals was founded in 1988 and is based in Saskatoon, Saskatchewan. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 77.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 86 of 172 |
| Sector (Insurance) | 1 of 5 |
| Type (Secondary Buyout) | 24 of 61 |
| State (Illinois) | 1 of 3 |
| Country (United States) | 30 of 64 |
| Year (2013) | 7 of 11 |
| Size (of disclosed) | 5 of 51 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-03 |
IEE SA
Luxembourg, Luxembourg IEE (International Electronics & Engineering) is a pioneering company in the development of sensors based electronic and safety systems. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-16 |
Spyder Active Sports
Boulder, Colorado, United States Spyder Active Sports designs and markets the most recognized and respected brand of high-performance, technically-oriented skiwear in the world. |
Sell | - |
