M&A Deal Summary |
|
|---|---|
| Date | 2022-10-19 |
| Target | Magna Legal Services |
| Sector | Business Services |
| Buyer(s) |
Odyssey Investment Partners
Audax Private Debt |
| Sellers(s) | CIVC Partners |
| Deal Type | Secondary Buyout |
| Advisor(s) | Harris Williams (Financial) Ropes & Gray (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 8.2B USD |
| Size | Mega |
| Type | Sector Agnostic |
Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 53 |
| Sector: Business Services M&A | 9 of 9 |
| Type: Secondary Buyout M&A Deals | 23 of 23 |
| State: Pennsylvania M&A | 1 of 1 |
| Country: United States M&A | 49 of 50 |
| Year: 2022 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-30 |
Tysers
London, United Kingdom Tysers is a specialty commercial property & casualty insurance brokerage firm. Tysers serves as an intermediary between retail and/or wholesale insurance brokers to facilitate the placement of unusual, complex, or specialized coverages within the London market, notably to Lloyds of London, and global insurance markets. Tysers is headquartered in London, United Kingdom. |
Sell | AU$880M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-01 |
IEM
Fremont, California, United States IEM is an independent manufacturer of critical electrical distribution equipment for customers that operate in data centers and various other commercial, institutional, and industrial end markets. IEM's product portfolio includes switchgear (low voltage and medium voltage), power distribution units, remote power panels, and an assortment of other smaller parts and services. IEM is based in Fremont, California. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 5.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.
| DEAL STATS | # |
|---|---|
| Overall | 61 of 67 |
| Sector: Business Services M&A | 8 of 8 |
| Type: Secondary Buyout M&A Deals | 26 of 29 |
| State: Pennsylvania M&A | 3 of 3 |
| Country: United States M&A | 59 of 65 |
| Year: 2022 M&A | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-13 |
Roto-Rooter
Vista, California, United States Roto-Rooter provides plumbing, drain, and flood restoration services to both commercial and residential property owners. Roto-Rooter was founded in 1974 and is based in Vista, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-01 |
Ned Stevens
Fairfield, New Jersey, United States Ned Stevens provides gutter cleaning, soft wash, and other related, non-discretionary residential services, including gutter maintenance, installation, and repair. Ned Stevens was founded in 1965 and is based in Fairfield, New Jersey. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1970 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 48 of 49 |
| Sector: Business Services M&A | 10 of 10 |
| Type: Secondary Buyout M&A Deals | 19 of 20 |
| State: Pennsylvania M&A | 3 of 3 |
| Country: United States M&A | 47 of 48 |
| Year: 2022 M&A | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-12 |
Continuum
Conshohocken, Pennsylvania, United States Continuum is an integrated platform company providing property management and associated residential services to HOA customers. Continuum was formed in 2014 and is based in Conshohocken, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-11-21 |
Signers National
New York, New York, United States Signers National is a Technology-enabled insurance brokerage and managing general agent focused on commercial insurance for the not-for-profit and human services sectors. Signers National is based in New York City. |
Buy | - |
