M&A Deal Summary |
|
|---|---|
| Date | 2016-05-05 |
| Target | MultiPlan |
| Sector | Information Technology |
| Buyer(s) |
Hellman & Friedman
Leonard Green & Partners HarbourVest Partners |
| Sellers(s) |
Starr Investment Holdings
Partners Group AG Ardian Quilvest Capital Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | J.P. Morgan Securities (Financial) Kirkland & Ellis (Legal) |
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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 | 64 of 88 |
| Sector (Information Technology) | 4 of 4 |
| Type (Secondary Buyout) | 20 of 26 |
| State (New York) | 6 of 8 |
| Country (United States) | 45 of 61 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-28 |
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. |
Sell | CA$650M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-03-07 |
Allfunds
Madrid, Spain Allfunds is a business-to-business mutual fund distribution platform. The Company serves as a global marketplace, helping financial institutions gain access to third-party mutual funds and ETFs for their end customers. Allfunds is based in Madrid, Spain. |
Buy | €1.8B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 60 of 103 |
| Sector (Information Technology) | 4 of 5 |
| Type (Secondary Buyout) | 16 of 48 |
| State (New York) | 7 of 9 |
| Country (United States) | 58 of 95 |
| Year (2016) | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-27 |
ExamWorks
Atlanta, Georgia, United States ExamWorks is a provider of independent medical examinations, peer reviews, bill reviews, Medicare compliance, case management, record retrieval, document management and related services. The Company operates in the United States, United Kingdom, Australian and Canadian markets through its global network of independently-contracted credentialed physicians. ExamWorks was founded in 2007 and is based in Atlanta, Georgia. |
Buy | $2.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-10 |
FP Holdings
Las Vegas, Nevada, United States Palms Casino Resort is a 37-acre Las Vegas hotel & casino consisting of The Palms Casino Resort (420 rooms, 1,874 slots and 69 table games), The Fantasy Tower (285 rooms and new pool and concert venue) and Palms Place (599 condos). Palms Casino Resort was formed in 2001 and is based in Las Vegas, Nevada. |
Sell | $313M |
| 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 | 142 of 223 |
| Sector (Information Technology) | 17 of 25 |
| Type (Secondary Buyout) | 28 of 55 |
| State (New York) | 8 of 10 |
| Country (United States) | 87 of 134 |
| Year (2016) | 6 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-06 |
Solace Systems
Ottawa, Ontario, Canada Solace Systems provides market-leading technology for real-time, event-based movement of data. Solace’s proprietary ‘event mesh’ platform securely and reliably moves event data into, out of, and across enterprise applications. Solace Systems was founded in 2001 and is based in Ottawa, Ontario. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-31 |
Infinite Electronics
Irvine, California, United States Infinite Electronics is a supplier of engineering-grade radio-frequency technology products, operating under its proprietary brands for a global engineering base. IRF serves the high urgency, technical needs segment of the global RF component market, and differentiates itself through a broad selection of RF components available for same-day shipping, custom cable design and assembly capabilities for 250,000+ unique configurations, and significant technical expertise in bringing new products to the market and providing solutions for R&D engineers. Infinite Electronics was formed in 1972 and is based in Irvine, California. |
Sell | - |
Starr Investment Holdings is a private investment firm focused on acquiring and investing in companies with market leadership, stable EBITDA, and strong cash flow. The Firm seeks opportunities throughout the US and does not have any stated industry preferences. Starr Investment was formed in 2007 and is a subsidiary of C.V. Starr & Co., Inc. and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 3 |
| Sector (Information Technology) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 3 |
| State (New York) | 1 of 2 |
| Country (United States) | 1 of 3 |
| Year (2016) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-02-17 |
MultiPlan
New York, New York, United States MultiPlan is a provider of technology-enabled healthcare cost management solutions. MultiPlan provides a single gateway to a host of analytics- and network-based solutions for managing the financial risks associated with medical claims, as well as solutions that improve payment integrity by resolving waste, abuse, and fraud before payments are made. MultiPlan was founded in 1980 and is based in New York City. |
Buy | $4.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-09 |
ACA Group
New York, New York, United States ACA Group is a provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity. ACA serves a diverse base of leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and banks. ACA Group was founded in 2002 and is based in New York City. |
Buy | - |
Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 25 |
| Sector (Information Technology) | 1 of 3 |
| Type (Secondary Buyout) | 4 of 16 |
| State (New York) | 1 of 1 |
| Country (United States) | 3 of 11 |
| Year (2016) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-27 |
Silicon Ranch
Nashville, Tennessee, United States Silicon Ranch Corp. is a U.S. developer, owner, and operator of solar energy plants. Silicon Ranch develops to own all of its projects for the long-term and brings the economic, environmental, and community benefits of commercial and utility-scale solar energy together in a full-service model that requires no capital investment from its stakeholders. The company's operating portfolio includes more than 100 facilities across 14 states from New York to California, including the first large-scale solar projects in Tennessee, Georgia, Arkansas, and Mississippi. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-05-30 |
Atos Medical
Malmö, Sweden Atos Medical is a medical device company with a global market and technology leading position in the segment for voice and pulmonary rehabilitation of patients who have undergone laryngectomy (surgical removal of the voice box). Atos Medical was formed in 1986 and is based in Malmö, Sweden. |
Sell | €850M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 117 of 225 |
| Sector (Information Technology) | 4 of 9 |
| Type (Secondary Buyout) | 42 of 89 |
| State (New York) | 2 of 3 |
| Country (United States) | 16 of 27 |
| Year (2016) | 9 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-14 |
Hawk
Paris, France Hawk is a provider in the real-time purchase of mobile advertising space (known as programmatic buying or real-time bidding). Hawk offers media agencies and advertisers an integrated solution that allows them to manage all their purchasing and distribution processes for mobile advertising campaigns in real-time, maximizing their return on investment across all mobile devices. Hawk was founded in 2013 and is based in Paris, France. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-01 |
Jeld-Wen
Charlotte, North Carolina, United States Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1972 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Quilvest Capital Partners is the private equity investment arm of asset management firm Quilvest. Quilvest Capital Partners invests in private equity and debt funds as well as makes direct investments. The direct investment group looks for opportunities in the US, Europe, and 'opportunistically' in Asia with a preference for buyout, growth capital, and venture transactions. Quilvest Capital Partners will consider both minority and majority positions. Quilvest Capital Partners was established in 1972 and is based Paris.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 69 |
| Sector (Information Technology) | 3 of 4 |
| Type (Secondary Buyout) | 16 of 25 |
| State (New York) | 2 of 4 |
| Country (United States) | 19 of 35 |
| Year (2016) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-04 |
Towry Holdings
Bracknell, United Kingdom Towry Holdings Ltd. is a provider of a wealth management services model which combined fee-for-service advice with discretionary asset management capability. Towry Holdings was established in 1968 and is based in Bracknell, United Kingdom. |
Sell | £600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-20 |
Acrotec
Develier, Switzerland Acrotec is an independent group created by micromechanics professionals. Its main objective is to be a reference subcontractor by offering a wide range of manufacturing processes for precision components. Its strategy is both to provide "Swiss Made" quality products to the entire watch industry as well as to the automotive, electronics, medical, jewelry, and aeronautics industries. Acrotec is based in Develier, Switzerland. |
Sell | Fr.280M |
