M&A Deal Summary |
|
|---|---|
| Date | 2015-03-16 |
| Target | Life Time |
| Sector | Consumer Services |
| Buyer(s) |
Leonard Green & Partners
TPG LNK Partners |
| Deal Type | Going Private |
| Deal Value | 4.0B USD |
| Advisor(s) | Guggenheim Securities Wells Fargo Securities (Financial) Skadden, Arps, Slate, Meagher & Flom Faegre Baker Daniels LLP (Legal) |
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| 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 | 54 of 102 |
| Sector (Consumer Services) | 3 of 5 |
| Type (Going Private) | 13 of 14 |
| State (Minnesota) | 1 of 2 |
| Country (United States) | 52 of 94 |
| Year (2015) | 1 of 3 |
| Size (of disclosed) | 4 of 28 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-26 |
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. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-03-24 |
Aspen Dental
East Syracuse, New York, United States Aspen Dental is a multi-vertical retail healthcare support organization. TAG offers a full range of essential business support services to consumer healthcare brands under the Aspen Dental, Chapter Aesthetic Studio, ClearChoice Dental Implant Centers and WellNow Urgent Care trade names. Aspen Dental is based in East Syracuse, New York. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 137.0B 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 | 244 of 421 |
| Sector (Consumer Services) | 2 of 8 |
| Type (Going Private) | 30 of 36 |
| State (Minnesota) | 3 of 3 |
| Country (United States) | 166 of 276 |
| Year (2015) | 3 of 17 |
| Size (of disclosed) | 23 of 105 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-02-26 |
Manipal Hospitals
Bengaluru, India Manipal Hospital is a provider of healthcare services in India with a strong presence across South India. Manipal is among India’s largest chains of hospitals with over 1,800 beds. Manipal Hospital was founded in 1942 and is based in Bengaluru, India. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-01 |
TDF
Montrouge, France TDF engages in the operation and provision of audiovisual, mobile phone, and broadband services to radio and television operators, telecoms operators, and local communities in Europe. It also involves in the video shooting; analog/digital television and radio broadcasting; and the deployment, maintenance, and management of telecom networks. TDF was founded in 1975 and is based in Montrouge, France. |
Sell | €3.6B |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| PE ASSETS | 400M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
LNK Partners is a private equity investment firm that focuses on the consumer and retail sectors. LNK looks to commit up to $250 million of equity capital in a variety of transactions, including growth capital financings, recapitalizations, buyouts, and PIPEs. LNK looks to partner with management in pursuing opportunities. LNK was formed in 2005 with two former principals at Apax Partners and the former CEO of Staples. LNK Partners is based in White Plains, New York.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector (Consumer Services) | 2 of 2 |
| Type (Going Private) | 1 of 1 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 8 of 10 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-01 |
Fitness Connection
McLean, Virginia, United States Fitness Connection is a category leader in the HVLP fitness segment, offering the full range of amenities and services of a large, full-service premium club for as low as $10 per month. Memberships include access to state-of-the-art strength/cardio equipment, functional training areas, women's only workout areas, short-term child care, cycling studios, as well as other amenities and services. Fitness Connection was founded in 1999 and is based in McLean, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-08 |
Niman Ranch
Oakland, California, United States Niman Ranch is a producer of branded and private label natural beef, pork and lamb. Niman Ranch and its family farmers raise livestock traditionally, humanely and sustainably to deliver premium quality meat. Niman Ranch is based in Oakland, California. |
Sell | - |
