M&A Deal Summary |
|
|---|---|
| Date | 2021-07-08 |
| Target | Neighborly |
| Sector | Franchising |
| Buyer(s) |
KKR
HarbourVest Partners |
| Sellers(s) |
Harvest Partners Private Equity
Harvest Partners Structured Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Harris Williams & Co. (Financial) White & Case (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 510.0B 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 | 401 of 483 |
| Sector (Franchising) | 1 of 1 |
| Type (Secondary Buyout) | 81 of 107 |
| State (Texas) | 22 of 27 |
| Country (United States) | 171 of 210 |
| Year (2021) | 32 of 52 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-05 |
Highway Concessions One
Mumbai, India Highway Concessions One is a roads platform. It currently operates a portfolio of national and state highway assets with a total length of 487 kilometers across seven states including Gujarat, Karnataka, Madhya Pradesh, Meghalaya, Rajasthan, Tamil Nadu, and Telangana. Highway Concessions One was founded in 2010 and is based in Mumbai, India. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-19 |
ON*NET Fibra Colombia
Bogotá, Colombia ON*NET Fibra Colombia is mainly focused on the businesses of mobile communications and connectivity, broadband services, fiber optics to the home, paid television, fixed-line communications, and a complete range of digital solutions for small, medium, and large companies and corporations. ON*NET Fibra Colombia is based in Bogotá, Colombia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 216 of 223 |
| Sector (Franchising) | 1 of 1 |
| Type (Secondary Buyout) | 54 of 55 |
| State (Texas) | 20 of 21 |
| Country (United States) | 128 of 134 |
| Year (2021) | 6 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-16 |
Nets
Ballerup, Denmark Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-23 |
Outbrain
New York, New York, United States Outbrain is a content recommendation engine, that reaches a highly engaged audience through distribution on top publisher sites, including USA Today, iVillage, PC Magazine, Chicago Tribune, Newsweek, The Daily Beast and Slate. The company provides publishers a service for recommended links to increase traffic and generate revenue, and marketers a way to distribute content alongside the publisher's own editorial recommendations. Outbrain was formed in 2006 and is based in New York City. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 5.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Harvest Partners is a private equity firm that targets buyout and growth capital investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA) consumer products/retail, manufacturing, marketing, building products, industrial, specialty services, and value-added distribution companies valued between $100 and $600 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 30 |
| Sector (Franchising) | 2 of 2 |
| Type (Secondary Buyout) | 15 of 17 |
| State (Texas) | 6 of 6 |
| Country (United States) | 25 of 27 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-28 |
Magnit
Folsom, California, United States Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-15 |
Fortis Solutions Group
Merced, California, United States Fortis Solutions Group provides a differentiated approach by giving customers a powerful advantage in the marketplace through industry-leading lead times, quality control, color management, and solution-oriented approaches. The company delivers a breadth of product offerings utilizing outstanding flexographic, letterpress, offset, and digital printing capabilities. These offerings include pressure-sensitive and shrink sleeve labels, multi-ply coupon, and flexible packaging printing, extended booklet printing, pouches, folding cartons, label applicators, and variable data printing. Formed in 2010, Fortis Solutions Group was and is headquartered in Virginia Beach, VA, and also has manufacturing and sales offices in Austin, TX; Catoosa, OK; Ellington, CT; Flowery Branch, GA; High Point, NC; Kansas City, MO; Lewisville, TX; Marietta, GA; Memphis, TN; Merced, CA; Napa, CA; Orem, UT; West Chester, OH; Whitefish, MT; and Wixom, MI. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2014 |
| Size | Large |
| Type | Sector Agnostic |
Harvest Partners Structured Capital is a private investment group focused on minority position, non-control investments. The Group looks for businesses with $100 million to $1 billion in revenues where Harvest can commit $50 to $250 million. Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, and distribution. Harvest Partners Structured Capital is a unit of PE Firm Harvest Partners. The Firm is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 8 |
| Sector (Franchising) | 1 of 1 |
| Type (Secondary Buyout) | 3 of 5 |
| State (Texas) | 1 of 1 |
| Country (United States) | 4 of 7 |
| Year (2021) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-28 |
Magnit
Folsom, California, United States Magnit is a provider of contingent workforce management solutions through a managed services program (“MSP”) and cloud-based vendor management software (“VMS”). Magnit was founded in 1991 and is based in Folsom, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-13 |
ReSource Pro
New York, New York, United States ReSource Pro is a provider of outsourced business process management solutions within the property & casualty insurance market. The Company provides administrative services across the insurance policy lifecycle for brokers, managed general agents, carriers and third-party administrators. ReSource Pro was founded in 2003 and is based in New York. |
Buy | - |
