M&A Deal Summary |
|
|---|---|
| Date | 2019-05-29 |
| Target | DBRS |
| Sector | Financial Services |
| Buyer(s) | Morningstar |
| Sellers(s) |
Warburg Pincus
The Carlyle Group |
| Deal Type | Add-on Acquisition |
| Deal Value | 669M USD |
| Advisor(s) | Lazard Ltd. (Financial) Wachtell, Lipton, Rosen & Katz (Legal) |
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| Category | Company |
|---|---|
| Founded | 1984 |
| Sector | Information Services |
| Employees | 12,224 |
| Revenue | 2.0B USD (2023) |
Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. Morningstar offers products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar was formed in 1984 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 14 of 22 |
| Sector (Financial Services) | 1 of 1 |
| Type (Add-on Acquisition) | 11 of 16 |
| State (Ontario) | 1 of 2 |
| Country (Canada) | 1 of 2 |
| Year (2019) | 1 of 3 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-02 |
Morningstar - 15 Board Consulting Services
Chicago, Illinois, United States Morningstar, Inc.’s 15(c) board consulting services business is a source for independent, verifiable data that mutual fund boards of directors rely on to fulfill their governance responsibilities. Morningstar’s 15(c) data will be integrated into Broadridge’s board reporting system, providing clients the ability to benchmark funds using both Morningstar and Lipper classification systems within their reports and to leverage the expertise of the expanded Broadridge 15(c) team. |
Sell | $11M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-17 |
Firstlinks
Australia Cuffelinks Pty. Ltd. is a publisher of investment commentary. Cuffelinks is based in Australia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 183 of 251 |
| Sector (Financial Services) | 16 of 19 |
| Type (Add-on Acquisition) | 66 of 90 |
| State (Ontario) | 1 of 1 |
| Country (Canada) | 4 of 7 |
| Year (2019) | 11 of 21 |
| Size (of disclosed) | 29 of 63 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-13 |
Canbriam Energy
Calgary, Alberta, Canada Canbriam Energy Inc. is a private company focused on unconventional resource exploration and development. Canbriam Energy was founded in 2007 and is based in Calgary, Canada. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-30 |
Inspired Education Holdings
London, United Kingdom Inspired Education Holdings is a provider of education services. Inspired Education was founded in 2013 and is based in London, England. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 435.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.
| DEAL STATS | # |
|---|---|
| Overall | 373 of 480 |
| Sector (Financial Services) | 28 of 33 |
| Type (Add-on Acquisition) | 162 of 197 |
| State (Ontario) | 2 of 2 |
| Country (Canada) | 5 of 5 |
| Year (2019) | 15 of 23 |
| Size (of disclosed) | 50 of 135 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-24 |
Marelli Motori
Arzignano, Italy Marelli Motori SpA is a manufacturer of generators and electric motors. With five overseas offices in Germany, UK, Malaysia, USA and South Africa it serves worldwide markets for power generation, marine, oil & gas and industrial manufacturing. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-05-30 |
City Bin
Galway, Ireland City Bin is a waste collection company engaged in providing waste management and recycling services. City Bin was founded in 1997 and is based in Galway, Ireland. |
Buy | - |
