M&A Deal Summary

TPG and Leonard Green & Partners Acquire IMS Health Holdings

On November 5, 2009, private equity firms TPG and Leonard Green & Partners acquired information technology company IMS Health Holdings for 5.2B USD

Acquisition Highlights
  • This is TPG’s 5th and Leonard Green & Partners’ 3rd transaction in the Information Technology sector.
  • This is TPG’s 14th and Leonard Green & Partners’ largest (disclosed) transaction.
  • This is TPG’s 98th and Leonard Green & Partners’ 26th transaction in the United States.
  • This is TPG’s 2nd and Leonard Green & Partners’ 1st transaction in Connecticut.
Investment Fate
  • IMS Health Holdings went public in 2014 for 10.5B USD.
  • IMS Health Holdings merged with another company in 2016 for 8.8B USD.

M&A Deal Summary

Date 2009-11-05
Target IMS Health Holdings
Sector Information Technology
Buyer(s) TPG
Leonard Green & Partners
Deal Type Going Private
Deal Value 5.2B USD

Target

IMS Health Holdings

Danbury, Connecticut, United States
IMS Health's corporate headquarters in Danbury, Connecticut.
IMS Health's corporate headquarters in Danbury, Connecticut.
IMS Health Holdings, Inc. is an information and technology services company providing clients in the healthcare industry with end-to-end solutions to measure and improve their performance. IMS Health was established in 1954 and is based in Danbury, Connecticut.

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Buyer(S) 2

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

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 139 of 421
Sector (Information Technology) 5 of 31
Type (Going Private) 21 of 36
State (Connecticut) 2 of 4
Country (United States) 98 of 276
Year (2009) 11 of 12
Size (of disclosed) 14 of 105
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Microgame

Benevento, Italy

Microgame is an Italian online gambling company that operates both as an application service provider and developer of online platforms and integrated systems of service and through the online community People's Poker Network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-09 Shriram Finance

Mumbai, India

Shriram Finance is a finance provider for the commercial vehicle industry with a focus on providing credit facilities to small truck owners. Shriram Finance was founded in 1979 and is based in Mumbai, India.

Buy -
Buyer

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 26 of 102
Sector (Information Technology) 3 of 5
Type (Going Private) 6 of 14
State (Connecticut) 1 of 2
Country (United States) 26 of 94
Year (2009) 1 of 1
Size (of disclosed) 1 of 28
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-05 Whole Foods Market

Austin, Texas, United States

Whole Foods Market, Inc. is a natural and organic foods supermarket chain. Whole Foods operates more then 450 stores across the US, Canada, and the UK. Whole Foods was formed in 1978 and is headquartered in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-13 AerSale

Coral Gables, Florida, United States

AerSale is a global provider of aftermarket aircraft, engines, and their component parts to airlines, leasing companies, and OEM/MRO service providers. AerSale was formed in 2008 and is based in Coral Gables, Florida.

Buy -