M&A Deal Summary

Legends Acquires ASM Global

On November 7, 2023, Legends acquired business services company ASM Global from Onex Partners

Acquisition Highlights
  • This is Legends’ 2nd transaction in the Business Services sector.
  • This is Legends’ 2nd transaction in the United States.
  • This is Legends’ 1st transaction in California.

M&A Deal Summary

Date 2023-11-07
Target ASM Global
Sector Business Services
Buyer(s) Legends
Sellers(s) Onex Partners
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs
Jefferies (Financial)
Latham & Watkins
Hogan Lovells
Arnold & Porter (Legal)

Target

ASM Global

Los Angeles, California, United States
ASM Global is a venue management and services company. ASM provides management services to public assembly facilities including convention and exhibition centers, arenas, stadiums, theatres, performing arts centers, equestrian facilities and a variety of other venues. ASM Global is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Legends

New York, New York, United States

Category Company
Founded 2008
Sector Business Services
DESCRIPTION

Legends provides hospitality, merchandise, ticket sales, planning, sponsorships and experiential services to the sports and entertainment industries, as well as the management of landmark attractions such as Yankee Stadium, AT&T Stadium (home of the Dallas Cowboys) and the observatory at New York City’s World Trade Center. Legends was founded in 2008 and is based in New York.


DEAL STATS #
Overall 3 of 3
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 MainGate

Indianapolis, Indiana, United States

MainGate, Inc. is an event retail and merchandise company focused on providing custom merchandise marketing solutions through event retail, team stores, and e-commerce platforms.

Buy -

Seller(S) 1

SELLER

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 21.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 39 of 40
Sector: Business Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 6 of 6
State: California M&A 4 of 4
Country: United States M&A 30 of 31
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Carestream Health

Rochester, New York, United States

Carestream Health is a global provider of medical and dental imaging products and services. Its offerings include digital x-ray systems, x-ray film and healthcare information technology solutions, as well as molecular imaging systems. Carestream Health was founded in 2007 and is based in Rochester, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-05 Morson Group

Manchester, United Kingdom

Morson Group is an engineering and technical staffing and workforce solutions business, with growing operations in the UK, U.S., Italy, Canada and Australia. Morson Group was founded in 1969 and is based in Manchester, United Kingdom.

Buy -