M&A Deal Summary

Hellman & Friedman and The Carlyle Group Acquire Goodman Global

On February 13, 2008, private equity firms Hellman & Friedman and The Carlyle Group acquired manufacturer Goodman Global for 2.7B USD

Acquisition Highlights
  • This is Hellman & Friedman’s 1st and The Carlyle Group’s 11th transaction in the Manufacturing sector.
  • This is Hellman & Friedman’s 15th and The Carlyle Group’s 30th largest (disclosed) transaction.
  • This is Hellman & Friedman’s 26th and The Carlyle Group’s 184th transaction in the United States.
  • This is Hellman & Friedman’s 3rd and The Carlyle Group’s 34th transaction in Texas.
Investment Fate
  • Goodman Global was sold to a publicly-traded strategic buyer in 2012 for 3.7B USD.

M&A Deal Summary

Date 2008-02-13
Target Goodman Global
Sector Manufacturing
Buyer(s) Hellman & Friedman
The Carlyle Group
Deal Type Going Private
Deal Value 2.7B USD
Advisor(s) Goldman Sachs
J.P. Morgan Securities (Financial)
O'Melveny & Myers (Legal)

Target

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.

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Buyer(S) 2

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 34 of 90
Sector: Manufacturing M&A 1 of 1
Type: Going Private M&A Deals 6 of 17
State: Texas M&A 3 of 7
Country: United States M&A 26 of 62
Year: 2008 M&A 1 of 4
Size (of disclosed) 15 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 Nasdaq

New York, New York, United States

Nasdaq is an exchange company. With so many listed companies, it delivers trading, exchange technology and public company services across six continents. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. Nasdaq was founded in 1971 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-15 Gaztransport & Technigaz

Saint-Remy-les-Chevreuse, France

Gaztransport & Technigaz is an engineering company that operates two main areas of expertise including cargo containment systems (CCS) for LNG carriers and land storage of LNG. LNG carriers and tanks designed with GTT containment systems have also been used to carry and store other liquefied gases (LPG, Ethylene etc.). Gaztransport & Technigaz was founded in 1965 and is based in Saint-Remy-les-Chevreuse, France.

Buy -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 318 of 750
Sector: Manufacturing M&A 11 of 24
Type: Going Private M&A Deals 13 of 37
State: Texas M&A 34 of 51
Country: United States M&A 184 of 350
Year: 2008 M&A 6 of 28
Size (of disclosed) 30 of 137
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-07 Dynamic Offshore Resources

Houston, Texas, United States

Dynamic Offshore Resources LLC is a provider of oil and gas exploration services in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-06 Honghua Group

Chengdu, China

Honghua Group is the largest land rig manufacturers in the world, specializing in the research, design and production of onshore rigs ranging from 2,000 m – 7,000 m of drilling depth. In addition to manufacturing drilling rigs and rig parts / components (e.g., mud pumps, masts, substructures, drawworks, drive systems and solids control systems), the Company offers drilling-related training and after-sales support services to its customers. Honghua Group was founded in 1997 and is based in Chengdu, China.

Sell -