M&A Deal Summary

KKR and Ardian Acquire Global Medical Response

On March 11, 2015, private equity firms KKR and Ardian acquired transportation company Global Medical Response from Brockway Moran & Partners, MVP Capital Partners and Bain Capital Private Equity

Acquisition Highlights
  • This is KKR’s 6th and Ardian’s 6th transaction in the Transportation sector.
  • This is KKR’s 71st and Ardian’s 28th transaction in the United States.
  • This is KKR’s 2nd and Ardian’s 2nd transaction in Colorado.

M&A Deal Summary

Date 2015-03-11
Target Global Medical Response
Sector Transportation
Buyer(s) KKR
Ardian
Sellers(s) Brockway Moran & Partners
MVP Capital Partners
Bain Capital Private Equity
Deal Type Secondary Buyout
Advisor(s) Barclays Investment Bank (Financial)
Kirkland & Ellis (Legal)

Target

Global Medical Response

Greenwood Village, Colorado, United States
Global Medical Response is a provider of medical transportation services formed by bringing together Air Medical Group Holdings (AMGH) and American Medical Response (AMR). Global Medical Response was founded in 2004 and is based in Greenwood Village, Colorado.

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Buyer(S) 2

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 169 of 483
Sector (Transportation) 6 of 10
Type (Secondary Buyout) 33 of 107
State (Colorado) 2 of 9
Country (United States) 71 of 210
Year (2015) 4 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Big Heart Pet Brands

San Francisco, California, United States

Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products.

Sell $5.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-15 Latitude Financial Services

Docklands, Australia

Latitude Financial Services is an independent digital payments and finance company serving consumers across Australia. The Company was founded in 2015 and is based in Docklands, Australia.

Buy $8.2B
Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 230 of 418
Sector (Transportation) 6 of 8
Type (Secondary Buyout) 69 of 137
State (Colorado) 2 of 3
Country (United States) 28 of 59
Year (2015) 4 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 World Freight

Roissy, France

World Freight is a Global Sales and Services Agents (“GSSA”) market. WFCI markets the cargo freight capacity of more than 190 airline customers serving every major air cargo market globally. It has played a signficant role in consolidating the GSSA market and operates through its subsidiaries including Air Logistics, Kales Group, ATC, Worldwide GSA, Hermes, and Platinum. World Freight was formed in 2004 and is based in Roissy, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 TDF

Montrouge, France

TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France.

Sell €3.6B

Seller(S) 3

SELLER

Brockway Moran & Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION
Brockway Moran's headquarters in Boca Raton, Florida.
Brockway Moran's headquarters in Boca Raton, Florida.

Brockway Moran is a private equity firm that targets investments in privately held businesses, small cap public companies or subsidiaries and divisions of larger enterprises. The firm prefers profitable businesses with margins of at least 10%. Industries of interest include consumer products/services, industrial manufacturing, business services, health and fitness, healthcare, and value-added distribution. Brockway's geographic scope is within the US. Brockway seeks to invest between $15 and $100 million of equity capital in growth-oriented businesses valued between $50 and $250 million. Brockway Moran is based in Boca Raton, Florida.


DEAL STATS #
Overall 9 of 16
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 5 of 10
State (Colorado) 1 of 1
Country (United States) 9 of 16
Year (2015) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 The Country Vintner

Ashland, Virginia, United States

The Country Vintner (dba Vintners Group) is the second largest distributor of fine wines in the United Sautes and the market leader in the Mid-Atlantic franchise states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-27 Woodstream

Lancaster, Pennsylvania, United States

Woodstream is a manufacturer and marketer of a broad portfolio of branded pest control and lawn & garden products, under brands such as Victor, Terro, Perky-Pet, Havahart, Safer, Sweeney’s and Mosquito Magnet, among others. Woodstream was founded in 1832 and is based in Lancaster, Pennsylvania.

Sell -
SELLER

MVP Capital Partners

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

MVP Capital Partners is a private equity firm focuses on investing in middle market companies with $10-100 million in revenues through buyouts, recapitalizations and expansion capital financing and providing growth capital investments in later stage businesses as well as equity financing to support acquisitions and recapitalization. MVP generally looks at US-based companies valued up to $100 million. Target sectors include aviation, business/financial services, healthcare, niche manufacturing, publishing/media, and specialty retail/consumer. MVP Capital Partners was formed in 1987 and is located in Radnor, Pennsylvania.


DEAL STATS #
Overall 12 of 13
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Colorado) 1 of 1
Country (United States) 12 of 13
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-31 Coffin Turbo Pump

Englewood, New Jersey, United States

Coffin Turbo Pump is a producer of steamship boiler feed pumps, plunger and ejector pumps for municipal wastewater treatment facilities, and desalination and oil/water separation equipment for marine and industrial applications. Coffin Turbo Pump was founded in 1925 and is based in Englewood, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 SupplyOne

Newtown Square, Pennsylvania, United States

SupplyOne is a specialty packaging manufacturer and consumable industrial supplies distributors. SupplyOne offers a total systems approach to packaging solutions from design and manufacturing of custom corrugated boxes, engineered protective packaging, load unitizing and product identification labels. SupplyOne was founded in 1998 and is based in Newtown Square, Pennsylvania.

Sell -
SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 67 of 147
Sector (Transportation) 1 of 2
Type (Secondary Buyout) 16 of 31
State (Colorado) 1 of 2
Country (United States) 46 of 85
Year (2015) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Blue Coat Systems

Sunnyvale, California, United States

Blue Coat is an enterprise security, providing on-premise, hybrid and cloud-based solutions for protecting web connectivity, combating advanced threats and responding to security breaches. Blue Coat is the global market leader in securing connection to the web and counts nearly 80 percent of the Global Fortune 500 as its customers.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 MYOB

Cremorne, Australia

MYOB is a provider of business management software. The company's innovative software and services simplify many parts of a business including accounting, payroll, retail POS, CRM, websites, tax, and more. MYOB was founded in 1991 and is based in Cremorne, Australia.

Sell -