Investment Summary |
|
|---|---|
| Date | 2005-04-01 |
| Target | Openlane |
| Sector | Business Services |
| Investor(s) |
Kelso
Parthenon Capital |
| Deal Type | Stake Purchase |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1971 |
| PE ASSETS | 15.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 81 |
| Sector: Business Services M&A | 1 of 9 |
| Type: Stake Purchase M&A Deals | 1 of 4 |
| State: Indiana M&A | 1 of 1 |
| Country: United States M&A | 14 of 70 |
| Year: 2005 M&A | 4 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-04-01 |
Custom Building Products
Seal Beach, California, United States Custom Building Products, Inc. engages in Manufacturing of tile and stone installation products. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-24 |
CVR Energy
Sugar Land, Texas, United States CVR Energy is an independent petroleum refiner and marketer of high value transportation fuels in the Midcontinent United States. CVR Energy was incorporated in 1906 and is based in Sugar Land, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 63 |
| Sector: Business Services M&A | 4 of 15 |
| Type: Stake Purchase M&A Deals | 2 of 2 |
| State: Indiana M&A | 1 of 3 |
| Country: United States M&A | 12 of 62 |
| Year: 2005 M&A | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-12-01 |
Spheris
Franklin, Tennessee, United States Spheris, Inc. is a provider of outsource medical transcription services to acute-care hospitals and group medical practices. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-05-26 |
IAA
Westchester, Illinois, United States IAA is a provider of automotive salvage auction and claims processing services. The company's platform facilitates the marketing and sale of total loss, damaged, and low-value vehicles for a range of sellers. IAA was founded in 1982 and is based in Westchester, Illinois. |
Buy | $400M |
