M&A Deal Summary |
|
|---|---|
| Date | 2007-10-10 |
| Target | Energy Future Holdings |
| Sector | Utilities |
| Buyer(s) |
Stockwell Capital
KKR TPG Goldman Sachs Merchant Banking ECP Ardian |
| Deal Type | Going Private |
| Deal Value | 44.4B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 750M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Stockwell Capital is a co-investment firm, focused on making minority investments alongside private equity sponsors. Stockwell is a generalist investor, with no sector preferences and looks to commit $3 to $10 million per investment. The Firm will consider opportunities throughout the US and Europe and prefers late-stage or growth equity situations. Stockwell Capital was formed in 2002 and is based in Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 33 of 44 |
| Sector (Utilities) | 1 of 1 |
| Type (Going Private) | 9 of 12 |
| State (Texas) | 5 of 6 |
| Country (United States) | 25 of 35 |
| Year (2007) | 6 of 9 |
| Size (of disclosed) | 1 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-27 |
Scitor
Reston, Virginia, United States Scitor Corp. is a provider of engineering, financial, management, and related services to the corporate customers. The company offers services for acquisition and life cycle management support, business process improvement, configuration management, facilitation services, feasibility assessments, and integrated logistics support. Scitor was formed in 1979 and is based in Reston, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-26 |
Avaya
Santa Clara, California, United States Avaya, Inc. is a global provider of communication systems, applications, and end-to-end services to enterprises worldwide; and offers IP telephony solutions, traditional voice communications solutions, contact center infrastructure and applications, and unified communications gear and appliances. Avaya was formed in 2000 and is based in Santa Clara, California. |
Buy | $8.3B |
| 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 | 62 of 483 |
| Sector (Utilities) | 3 of 9 |
| Type (Going Private) | 13 of 37 |
| State (Texas) | 5 of 27 |
| Country (United States) | 35 of 210 |
| Year (2007) | 11 of 15 |
| Size (of disclosed) | 1 of 104 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-25 |
Biomet
Warsaw, Indiana, United States Biomet, Inc. is a designs and manufactures orthopedic medical devices and other products used primarily by surgeons and medical specialists, with distribution in over 70 countries and a product portfolio that encompasses orthopedic joint replacement products, dental reconstructive implants, fixation devices, spinal products and other applications. |
Buy | $11.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-12-13 |
U.N Ro-Ro
Istanbul, Turkey U.N Ro-Ro is the largest freight Ro-Ro operator, 4th largest in the world. U.N Ro-Ro currently operates twelve Ro-Ro vessels from seven ports (Pendik, Ambarlı, Mersin, Trieste, Toulon, Bari, Patra) that services as the largest intermodal infrastructure. U.N Ro-Ro was founded in 1994 and is based in Istanbul, Turkey. |
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 | 104 of 421 |
| Sector (Utilities) | 3 of 5 |
| Type (Going Private) | 16 of 36 |
| State (Texas) | 12 of 34 |
| Country (United States) | 74 of 276 |
| Year (2007) | 16 of 20 |
| Size (of disclosed) | 1 of 105 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-03 |
Fenwal
Lake Zurich, Illinois, United States Fenwal, Inc. is one of the world's largest suppliers of products and services to the transfusion medicine industry. Fenwal was created with a single purpose: to provide high quality, innovative blood collection and processing products and services that support customers' missions to improve and save lives. |
Buy | $540M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-26 |
Avaya
Santa Clara, California, United States Avaya, Inc. is a global provider of communication systems, applications, and end-to-end services to enterprises worldwide; and offers IP telephony solutions, traditional voice communications solutions, contact center infrastructure and applications, and unified communications gear and appliances. Avaya was formed in 2000 and is based in Santa Clara, California. |
Buy | $8.3B |
| 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 | 50 of 183 |
| Sector (Utilities) | 1 of 1 |
| Type (Going Private) | 9 of 15 |
| State (Texas) | 4 of 10 |
| Country (United States) | 36 of 127 |
| Year (2007) | 16 of 21 |
| Size (of disclosed) | 1 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-09-25 |
Biomet
Warsaw, Indiana, United States Biomet, Inc. is a designs and manufactures orthopedic medical devices and other products used primarily by surgeons and medical specialists, with distribution in over 70 countries and a product portfolio that encompasses orthopedic joint replacement products, dental reconstructive implants, fixation devices, spinal products and other applications. |
Buy | $11.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-24 |
Facebook
Menlo Park, California, United States Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California. |
Buy | - |
ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 51 |
| Sector (Utilities) | 1 of 7 |
| Type (Going Private) | 1 of 5 |
| State (Texas) | 1 of 15 |
| Country (United States) | 4 of 48 |
| Year (2007) | 3 of 3 |
| Size (of disclosed) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-07-01 |
Empire Generating Co
Rennselaer, New York, United States Empire Gen Holdings, Inc. owns a 635 MW combined-cycle natural gas fired power plant in Rensselaer, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-05-05 |
Cardinal Gas Storage Partners
Houston, Texas, United States Cardinal Gas Storage Partners LLC focuses on the operation and management of natural gas storage facilities in the Gulf Coast region. Cardinal Gas believes that the natural gas storage business plays a fundamental role in supporting the nation's growing natural gas supply and demand. Cardinal's storage facilities are positioned in strategic locations for customers which will continue to enhance the value of Cardinal's assets and increase demand for our gas storage capacity. Cardinal currently operates both salt cavern and depleted reservoir gas storage facilities. Arcadia Gas Storage, LLC, Cadeville Gas Storage LLC, Monroe Gas Storage Company, LLC and Perryville Gas Storage LLC |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 94 of 418 |
| Sector (Utilities) | 3 of 7 |
| Type (Going Private) | 3 of 15 |
| State (Texas) | 4 of 8 |
| Country (United States) | 13 of 59 |
| Year (2007) | 21 of 28 |
| Size (of disclosed) | 1 of 67 |
| 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 |
|---|---|---|---|
| 2007-10-12 |
HISI
Milan, Italy HISI is a holding company investing in both existing and future concession projects focusing on the Italian healthcare sector. Holding di Investimento in Sanità ed Infrastructure (HISI's) objective is to assist operators developing infrastructure projects to maximize the value of their equity holdings and realize their investment. HISI is based in Milan, Italy. |
Buy | - |
