M&A Deal Summary

Hellman & Friedman Acquires Snap One

On June 20, 2017, private equity firm Hellman & Friedman acquired electronics company Snap One from General Atlantic

Acquisition Highlights
  • This is Hellman & Friedman’s 1st transaction in the Electronics sector.
  • This is Hellman & Friedman’s 46th transaction in the United States.
  • This is Hellman & Friedman’s 2nd transaction in North Carolina.
Investment Fate
  • Snap One went public in 2021.
  • Snap One was sold to a strategic buyer in 2024 for 1.4B USD.

M&A Deal Summary

Date 2017-06-20
Target Snap One
Sector Electronics
Buyer(s) Hellman & Friedman
Sellers(s) General Atlantic
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

Snap One

Charlotte, North Carolina, United States
Snap One is a manufacturer and exclusive source of A/V, security, control, networking, and remote management products for professional integrators. Snap One's pro-install channel helps integrators build their businesses by providing a wide range of high-quality products, easily accessible through an intuitive website and backed by award-winning service and support. Snap One was founded in 2005 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Hellman & Friedman

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 115.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Hellman & Friedman 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 66 of 90
Sector: Electronics M&A 1 of 1
Type: Secondary Buyout M&A Deals 22 of 27
State: North Carolina M&A 2 of 2
Country: United States M&A 46 of 62
Year: 2017 M&A 2 of 5
PREVIOUS DEAL
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 was founded in 2000 and is based in Madrid, Spain.

Buy €1.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Curriculum Associates

North Billerica, Massachusetts, United States

Curriculum Associates is a provider of technology-enabled assessment and instructional programs for elementary and middle school students, teachers and administrators. The company’s adaptive assessments, personalized learning materials and customer service help students achieve their full potential and make teachers more effective. Curriculum Associates was founded in 1969 and is based in North Billerica, Massachusetts.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 88 of 166
Sector: Electronics M&A 1 of 1
Type: Secondary Buyout M&A Deals 14 of 26
State: North Carolina M&A 1 of 1
Country: United States M&A 47 of 86
Year: 2017 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-30 Grupo Axo

Mexico City, Mexico

Grupo Axo is a multi-brand retail company that owns and operates Promoda, Mexico’s leading off-price retailer, and also owns the exclusive rights to commercialize 20+ international consumer brands in the apparel and accessories categories in Mexico. Grupo Axo was founded in 1994 and is based in Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Visma

Oslo, Norway

Visma offers software and services that simplify and digitize core business processes in the private and public sectors. Visma was founded in 1985 and is based in Oslo, Norway.

Buy -