M&A Deal Summary

Pamplona Capital Management - Private Equity, NB Private Equity Partners and Ontario Teachers Pension Plan Acquire CSC ServiceWorks

On May 16, 2013, private equity firm Pamplona Capital Management - Private Equity, asset manager NB Private Equity Partners and pension Ontario Teachers Pension Plan acquired electronics company CSC ServiceWorks for 1.4B USD

Acquisition Highlights
  • This is Pamplona Capital Management - Private Equity’s 1st, NB Private Equity Partners’ 1st and Ontario Teachers Pension Plan’s 1st transaction in the Electronics sector.
  • This is Pamplona Capital Management - Private Equity’s 4th, NB Private Equity Partners’ 5th and Ontario Teachers Pension Plan’s 14th largest (disclosed) transaction.
  • This is Pamplona Capital Management - Private Equity’s 1st, NB Private Equity Partners’ 1st and Ontario Teachers Pension Plan’s 31st transaction in the United States.
  • This is Pamplona Capital Management - Private Equity’s 1st, NB Private Equity Partners’ 1st and Ontario Teachers Pension Plan’s 1st transaction in New York.

M&A Deal Summary

Date 2013-05-16
Target CSC ServiceWorks
Sector Electronics
Buyer(s) Pamplona Capital Management - Private Equity
NB Private Equity Partners
Ontario Teachers Pension Plan
Deal Type Consolidation
Deal Value 1.4B USD
Advisor(s) Evercore Group
Deutsche Bank Corporate & Investment Banking (Financial)
White & Case
Lowenstein Sandler (Legal)

Target

CSC ServiceWorks

Melville, New York, United States
CSC ServiceWorks is a manufacturer of the coin-operated laundry machine. CSC ServiceWorks was founded in 2013 and is based in Melville, New York.

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Buyer(S) 3

Buyer

Pamplona Capital Management - Private Equity

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 11.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Pamplona Capital Management - Private Equity, is the private equity unit of asset manager Pamplona, which also provides hedge funds and hedge fund-of-funds products. Pamplona PE invests in 'market leading' companies in a variety of industry sectors. The Group will consider opportunities throughout North America and Europe. Pamplona PE was established in 2005 and is based in London and New York.


DEAL STATS #
Overall 15 of 41
Sector (Electronics) 1 of 1
Type (Consolidation) 1 of 1
State (New York) 1 of 5
Country (United States) 1 of 21
Year (2013) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-26 TMD Friction Holdings

Leverkusen, Germany

TMD Friction is the manufacturer of friction material for brake pads and brake linings for the automotive industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-12 Oakwood Global Finance

London, United Kingdom

Oakwood Global Finance LLP is a financial services operating company provides an innovative solutions within underexploited, niche markets.

Sell -
DESCRIPTION

NB Private Equity Partners is a publicly traded asset manager focused on acquiring direct investments in privately held companies. The Firm principally targets businesses in the US and looks to invest alongside other private equity managers when considering opportunities. NB Private Equity Partners is headquartered in the UK, with an additional office in the US.


DEAL STATS #
Overall 1 of 27
Sector (Electronics) 1 of 1
Type (Consolidation) 1 of 1
State (New York) 1 of 6
Country (United States) 1 of 15
Year (2013) 1 of 1
Size (of disclosed) 5 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Marquee Brands

New York, New York, United States

Marquee Brands is a consumer-centric brand licensing platform that owns the Intellectual Property of well-recognised global brands, including Martha Stewart, Emeril Lagasse, Sur La Table, Motherhood Maternity, A Pea in the Pod, Dakine, Body Glove, BCBG Max Azria, BCBGeneration, Ben Sherman and Bruno Magli. Marquee Brands was founded in 2014 and is based in New York.

Buy -
Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 63 of 175
Sector (Electronics) 1 of 1
Type (Consolidation) 1 of 2
State (New York) 1 of 5
Country (United States) 31 of 72
Year (2013) 3 of 6
Size (of disclosed) 14 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Kanata Energy Group

Calgary, Alberta, Canada

Kanata Energy Group is a Canadian midstream company focused on acquiring, building, and developing midstream assets throughout Canada. Kanata Energy Group was formed in 2012 and is based in Calgary, Alberta.

Buy $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 AZEK

Chicago, Illinois, United States

AZEK is a manufacturer of beautiful, low-maintenance residential and commercial building products, and is committed to accelerating the use of recyclable materials. The company is completely focused on leveraging our expertise in materials science and its customer-centric approach to engineer and manufacture the most beautiful, most sustainable building products to improve the lives and businesses of our customers. AZEK is based in Chicago, Illinois.

Buy -