M&A Deal Summary

Lee Hecht Harrison Acquires Drake Beam Morin

On September 1, 2011, Lee Hecht Harrison acquired business services company Drake Beam Morin from Compass Partners International and Kayne Anderson Capital Advisors for 149M EUR

Acquisition Highlights
  • This is Lee Hecht Harrison’s 1st transaction in the Business Services sector.
  • This is Lee Hecht Harrison’s largest (disclosed) transaction.
  • This is Lee Hecht Harrison’s 1st transaction in the United States.
  • This is Lee Hecht Harrison’s 1st transaction in New York.

M&A Deal Summary

Date 2011-09-01
Target Drake Beam Morin
Sector Business Services
Buyer(s) Lee Hecht Harrison
Sellers(s) Compass Partners International
Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition
Deal Value 149M EUR

Target

Drake Beam Morin

New York, New York, United States
Drake Beam Morin, Inc. is a service provider in the career transition, talent development services.

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Buyer(S) 1

Buyer

Lee Hecht Harrison

Maitland, Florida, United States

Category Company
Founded 1974
Sector Business Services
DESCRIPTION

Lee Hecht Harrison LLC is a provider of career transition and talent development services .


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 2
Country (United States) 1 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-03 Mullin International

New York, New York, United States

Mullin International is a provider of individual career transition solutions, redeployment solutions, and executive coaching. Mullin International was founded in 1980 and is based in New York, New York.

Buy -

Seller(S) 2

SELLER

Compass Partners International

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 850M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Compass Partners International is a European private equity firm that targets investments in middle-market industrial manufacturing and services companies. Compass seeks controlling interests in 'under-managed' or capital-constrained businesses valued from €100 million to €750 million. Areas of interest include infrastructure, HVAC, aerospace/defense, capital goods, vending, controls/components, and machinery/equipment. The Firm will consider a variety of transaction situations, including turnarounds, recapitalization, corporate carve-outs, and growth capital financings. Compass Partners International was formed in 1997 and is based in London.


DEAL STATS #
Overall 7 of 9
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-20 FläktGroup

Herne, Germany

FläktGroup is a provider of ventilation and air climate solutions for buildings as well as air movement solutions for industry and infrastructure applications. Fläkt has built up expertise in applications by delivering top BREEAM, LEED, DGNB or HQE solutions for major projects for: offices, hotels, hospitals, airports, and commercial construction projects including specialist applications like data-centers, pharmaceutical, marine, nuclear, oil and gas all over the world. FläktGroup was formed in 2002 and is based in Herne, Germany.

Sell €460M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 CTL Logistics

Sosnowiec, Poland

CTL Logistics is an international logistics operator performing domestic and international transport using its rolling stock and infrastructure. CTL Logistics' main clients are coal mining companies, aggregates, fuel companies, chemical plants, household appliances manufacturers, FMCG logistics, energy companies, container operators, and many others. CTL Logistics was founded in 1992 and is based in Sosnowiec, Poland.

Buy -
SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 8.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 9 of 80
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 6 of 31
State (New York) 1 of 2
Country (United States) 5 of 69
Year (2011) 2 of 3
Size (of disclosed) 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-12 Strike Construction

Spring, Texas, United States

Strike Construction LLC is a provider of integrated infrastructure services, including pipeline integrity, maintenance, repair and construction services for customers in the midstream energy industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Corlena Oil

Amarillo, Texas, United States

Corlena Oil Company is a private exploration and production company based in Amarillo, Texas that focuses on the exploitation and development of oil and gas properties in the Texas Panhandle and Mid-Continent region.

Buy -