M&A Deal Summary |
|
|---|---|
| Date | 2023-08-25 |
| Target | Australian Venue |
| Sector | Leisure |
| Buyer(s) | PAG |
| Sellers(s) | KKR |
| Deal Type | Secondary Buyout |
| Advisor(s) | Jefferies (Financial) |
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| Category | Asset Manager |
|---|---|
| Founded | 2002 |
| PE ASSETS | 30.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
PAG is a large independent alternative investment management group focused on private equity, real estate, and absolute returns. PAG’s private equity business, PAG Asia Capital or PAGAC, focuses on large-scale buyouts, control deals, and structured minority investments. PAG’s real estate strategy manages a series of real estate opportunity and core plus funds investing in properties in Japan, China and throughout Asia-Pacific. PAG’s absolute return business focuses on building long term relationships with its partners by offering a flexible range of financing solutions to meet short and long term funding needs. PAG was formed in 2002 and is headquartered in Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Leisure) | 1 of 1 |
| Type (Secondary Buyout) | 4 of 4 |
| Country (Australia) | 3 of 3 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-09-15 |
Patties Foods
Bairnsdale, Australia Patties Foods is a provider of frozen savoury and frozen dessert pies, with key products including meat pies, sausage rolls and fruit pies. The company produces three of the five leading pie brands in Australia, and is a major supplier into several channels including grocery, route, and foodservice. Patties Foods was founded in 1966 and is based in Bairnsdale, Australia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1976 |
| PE ASSETS | 267.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.
| DEAL STATS | # |
|---|---|
| Overall | 194 of 205 |
| Sector (Leisure) | 2 of 2 |
| Type (Secondary Buyout) | 32 of 35 |
| Country (Australia) | 7 of 9 |
| Year (2023) | 10 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-07 |
Simon & Schuster
New York, New York, United States Simon & Schuster is a publisher and distributor, and seller of books in print, digital, and audio formats. Simon & Schuster was founded in 1924 and is based in New York City. |
Buy | $1.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-12 |
Port Arthur LNG
Houston, Texas, United States Port Arthur LNG is a greenfield liquified natural gas export facility strategically located on the U.S. Gulf Coast. Port Arthur LNG is based in Houston, Texas. |
Buy | - |
