M&A Deal Summary |
|
|---|---|
| Date | 2025-04-15 |
| Target | Crunch |
| Sector | Consumer Services |
| Buyer(s) | Leonard Green & Partners |
| Sellers(s) |
TPG
PNC Mezzanine Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Jefferies (Financial) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 75.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 106 of 107 |
| Sector: Consumer Services M&A | 7 of 7 |
| Type: Secondary Buyout M&A Deals | 48 of 48 |
| State: New York M&A | 8 of 8 |
| Country: United States M&A | 98 of 99 |
| Year: 2025 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-09 |
Eyemart Express
Farmers Branch, Texas, United States Eyemart Express is an independent, value-focused optical retailer with over 150 stores in more than 30 states. The company provides a broad selection of high-quality private label and branded frames with convenient one-hour service in all locations. Eyemart Express was formed in 1990 and is based in Farmers Branch, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-11-18 |
Topgolf
Dallas, Texas, United States Topgolf is a sports-entertainment company that combines golf with social gaming, food, and events. Its venues feature electronically tracked golf balls in driving-range style bays, along with food & beverage, event spaces, and high-tech “Toptracer” ball-flight tracking systems. Topgolf also runs a media business, digital games, and technology platforms. It was founded in 2000 and is headquartered in Dallas, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 296.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 273 of 277 |
| Sector: Consumer Services M&A | 6 of 6 |
| Type: Secondary Buyout M&A Deals | 38 of 41 |
| State: New York M&A | 7 of 8 |
| Country: United States M&A | 196 of 199 |
| Year: 2025 M&A | 3 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-03-31 |
Novotech
Sydney, Australia Novotech is a full-service contract research organization (CRO) that provides biotech and small- to mid-sized pharmaceutical companies. Novotech was founded in 1997 and is headquartered in Sydney, New South Wales. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-04-28 |
Sabre - Hospitality Solutions Business
Southlake, Texas, United States Sabre's Hospitality Solutions Business provides software and solutions to more than 40 percent of hotel brands. The SaaS based platform serves as an integrated system of record for reservation and guest information, enabling hoteliers to operate with greater accuracy and efficiency. |
Buy | $1.1B |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 50 of 50 |
| Sector: Consumer Services M&A | 2 of 2 |
| Type: Secondary Buyout M&A Deals | 20 of 20 |
| State: New York M&A | 3 of 3 |
| Country: United States M&A | 48 of 48 |
| Year: 2025 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-12 |
Mantaline
Mantua, Ohio, United States Mantaline is a manufacturer of customized, extruded elastomeric profiles for the automotive, heavy truck, and industrial markets. Mantaline was formed in 1964 and is based in Mantua, Ohio. |
Buy | - |
