M&A Deal Summary |
|
|---|---|
| Date | 2007-09-25 |
| Target | Biomet |
| Sector | Medical Products |
| Buyer(s) |
Pamlico Capital
KKR The Blackstone Group TPG Goldman Sachs Merchant Banking |
| Deal Type | Going Private |
| Deal Value | 11.4B USD |
| Advisor(s) | Morgan Stanley (Financial) Kirkland & Ellis (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 3.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Pamlico Capital is a private equity group focused on mid-sized transactions. Pamlico looks to invest $25 to $125 million per transaction. Sectors of interest include business and technology services, consumer products/services, industrial, energy, financial services, healthcare, media, and communications. Pamlico will consider both minority and majority positions. Prospective transactions include management or leveraged buyouts, recapitalizations, growth financings, mezzanine, and special situations. Pamlico was formerly known as Wachovia Capital Partners. The Firm was originally formed in 1988 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 84 |
| Sector (Medical Products) | 3 of 3 |
| Type (Going Private) | 2 of 2 |
| State (Indiana) | 1 of 2 |
| Country (United States) | 31 of 79 |
| Year (2007) | 5 of 5 |
| Size (of disclosed) | 2 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-09 |
Constella Group
Durham, North Carolina, United States Constella Group, Inc. is a professional health services company, dedicated to enhancing human health through innovative science, technology and knowledge solutions. Constella's three business units-Health Sciences, Clinical Informatics and Futures Group-create and provide health intelligence to help industry and government clients identify and solve critical problems affecting human health. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-19 |
Prometheus Laboratories
San Diego, California, United States Prometheus Laboratories, Inc. is a specialty pharmaceutical and diagnostic testing company. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 61 of 489 |
| Sector (Medical Products) | 2 of 9 |
| Type (Going Private) | 12 of 38 |
| State (Indiana) | 2 of 3 |
| Country (United States) | 34 of 210 |
| Year (2007) | 10 of 15 |
| Size (of disclosed) | 8 of 106 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-24 |
First Data
Atlanta, Georgia, United States First Data is a provider of electronic commerce and payment solutions for merchants, financial institutions and card issuers. First Data was formed in 1989 and is based in Atlanta, Georgia. |
Buy | $29.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-10 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Buy | $44.4B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 131.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 117 of 348 |
| Sector (Medical Products) | 2 of 5 |
| Type (Going Private) | 9 of 36 |
| State (Indiana) | 2 of 3 |
| Country (United States) | 81 of 217 |
| Year (2007) | 11 of 13 |
| Size (of disclosed) | 12 of 175 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-08-28 |
NCC
Hyderabad, India NCC is an infrastructure construction company focused on providing EPC services. In the infrastructure sector, NCC builds building, housing and industrial structures, water treatment plants / pipelines, transport infrastructure, i.e., highways, flyovers, bridges, elevated railroads, electrification projects and irrigation projects. It also has a real estate division. NCC was founded in 1978 and is based in Hyderabad, India. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-11-07 |
MTAR Technologies
Hyderabad, India MTAR Technologies produces precision-engineered components for nuclear power, aerospace and defense applications. The company supplies precision engineered components for nuclear power, aerospace and defense applications within India. It also exports precision engineered components for aerospace applications. MTAR Technologies was founded in 1969 and is based in Hyderabad, India. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.
| DEAL STATS | # |
|---|---|
| Overall | 101 of 423 |
| Sector (Medical Products) | 3 of 14 |
| Type (Going Private) | 15 of 37 |
| State (Indiana) | 3 of 5 |
| Country (United States) | 71 of 277 |
| Year (2007) | 13 of 20 |
| Size (of disclosed) | 7 of 106 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-11 |
U-YOU Homeshopping
China U-YOU HOMESHOPPING CO. builds a television-based shopping network. It offers broadcasts shopping-oriented programs on a public channel. The company was founded in 2007 and is based in Shanghai, China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-26 |
XOJET
Fort Lauderdale, Florida, United States XOJET provides private jet ownership, leasing, and on-demand travel solutions. The centralized platform combines the trusted operational and customer-centric expertise of XOJET with the speed and convenience of technology originally developed by JetSmarter. XO was established in 2006 and is based in Fort Lauderdale, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 189 |
| Sector (Medical Products) | 1 of 3 |
| Type (Going Private) | 8 of 15 |
| State (Indiana) | 2 of 2 |
| Country (United States) | 35 of 130 |
| Year (2007) | 15 of 21 |
| Size (of disclosed) | 4 of 51 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-14 |
SPARTA Insurance Holdings
Hartford, Connecticut, United States SPARTA Insurance Holdings, Inc. provides property and casualty insurance for specialty and alternative risk programs. |
Buy | $279M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-10 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Buy | $44.4B |
