M&A Deal Summary

KKR Acquires Beacon Pointe

On November 15, 2021, private equity firm KKR acquired financial services company Beacon Pointe from ABRY Partners

Acquisition Highlights
  • This is KKR’s 20th transaction in the Financial Services sector.
  • This is KKR’s 177th transaction in the United States.
  • This is KKR’s 40th transaction in California.

M&A Deal Summary

Date 2021-11-15
Target Beacon Pointe
Sector Financial Services
Buyer(s) KKR
Sellers(s) ABRY Partners
Deal Type Secondary Buyout

Target

Beacon Pointe

Newport Beach, California, United States
Beacon Pointe is a registered investment adviser. Clients rely on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans. Beacon Pointe was founded in 2002 and is based in Newport Beach, California.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 413 of 499
Sector: Financial Services M&A 20 of 22
Type: Secondary Buyout M&A Deals 85 of 113
State: California M&A 40 of 46
Country: United States M&A 177 of 212
Year: 2021 M&A 45 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 CyrusOne

Dallas, Texas, United States

CyrusOne is a global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. TCyrusOne was founded in 2001 and is based in Dallas, Texas.

Buy $15.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 Resolian

Malvern, Pennsylvania, United States

Resolian is a contract research organization (CRO) that specializes in advanced bioanalytical research services for both small and large molecule drugs, as well as drug metabolism studies to support pharmaceutical and biotechnology companies’ drug discovery and development programs. Resolian was founded in 2008 and is headquartered in Malvern, Pennsylvania.

Buy -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 94 of 104
Sector: Financial Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 30 of 33
State: California M&A 12 of 14
Country: United States M&A 82 of 89
Year: 2021 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Smart Start

Grapevine, Texas, United States

Smart Start is a provider of ignition interlock devices and alcohol monitoring devices for the correctional services industry. The Company’s IID unit and other devices provide a means of monitoring convicted DUI offenders and preventing alcohol-impaired driving, the most frequently committed crime in the United States. Smart Start was founded in 1992 and is based in Grapevine, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Best Lawyers

Augusta, Georgia, United States

Best Lawyers is a peer-reviewed and recommended lawyer who guides the best individuals and firms in their fields through our proven methodology. Best Lawyers was founded in 1981 and is based in Aiken, South Carolina.

Buy -