M&A Deal Summary

KKR Acquires DCI

On October 6, 2022, private equity firm KKR acquired transportation company DCI from Apax

Acquisition Highlights
  • This is KKR’s 8th transaction in the Transportation sector.
  • This is KKR’s 188th transaction in the United States.
  • This is KKR’s 7th transaction in Florida.

M&A Deal Summary

Date 2022-10-06
Target DCI
Sector Transportation
Buyer(s) KKR
Sellers(s) Apax
Deal Type Secondary Buyout

Target

DCI

Tampa, Florida, United States
DCI operates a chemical bulk logistics network. DCI was formed in 1984 and is based in Tampa, Florida.

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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 510.0B 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 440 of 483
Sector (Transportation) 8 of 10
Type (Secondary Buyout) 91 of 107
State (Florida) 7 of 7
Country (United States) 188 of 210
Year (2022) 19 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 NetSPI

Minneapolis, Minnesota, United States

NetSPI is a provider of application and network security testing solutions that support organizations in scaling and operationalizing their threat and vulnerability management programs. NetSPI's clients consist of financial institutions, healthcare providers, retailers, and technology companies. NetSPI was founded in 2001 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 Telenor Norway

Fornebu, Norway

Telenor Norway is a telecom operator, with services ranging from fixed and mobile telephony to broadband and data communications services for residential and business customers, as well as wholesale services. Telenor Norway is based in Fornebu, Norway.

Buy -

Seller(S) 1

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 164 of 171
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 59 of 61
State (Florida) 3 of 3
Country (United States) 61 of 63
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Pickles Auctions

Belmore, Australia

Pickles Auctions is Australia’s Auctioneer and Valuer, delivering exceptional service to their vendors and customers daily. Pickles Auctions engages in asset remarketing across industrial, cars, trucks, and salvage. Pickles Auctions was founded in 1964 and is based in Belmore, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Kepro

Nashville, Tennessee, United States

Kepro is a quality improvement and care management organization that offers innovative and outcomes-focused solutions to reduce the utilization of healthcare resources and optimize the quality of care for government and private sector clients. Kepro's comprehensive, member-centric care management solutions go far beyond traditional utilization and case management by coordinating the care provided to members with acute, chronic and complex conditions across the continuum, and identifying members who are at the highest risk for future services but have not yet had an acute event. Kepro was founded in 1985 and is based in Nashville, Tennessee.

Sell -