M&A Deal Summary

Partners Group AG Acquires DiversiTech

On November 17, 2021, asset manager Partners Group AG acquired manufacturer DiversiTech from Permira for 2.2B USD

Acquisition Highlights
  • This is Partners Group AG’s 2nd transaction in the Manufacturing sector.
  • This is Partners Group AG’s 3rd largest (disclosed) transaction.
  • This is Partners Group AG’s 31st transaction in the United States.
  • This is Partners Group AG’s 2nd transaction in Georgia.

M&A Deal Summary

Date 2021-11-17
Target DiversiTech
Sector Manufacturing
Buyer(s) Partners Group AG
Sellers(s) Permira
Deal Type Secondary Buyout
Deal Value 2.2B USD

Target

DiversiTech

Duluth, Georgia, United States
DiversiTech is an aftermarket manufacturer and distributor of components for residential and light commercial heating, ventilating, air conditioning, and refrigeration (‘HVACR’). DiversiTech was founded in 1971 and is based in Duluth, Georgia.

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Buyer(S) 1

DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


DEAL STATS #
Overall 80 of 88
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 44 of 52
State (Georgia) 2 of 2
Country (United States) 31 of 33
Year (2021) 13 of 13
Size (of disclosed) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Pacific Bells

Vancouver, Washington, United States

Pacific Bells is a Taco Bell franchisee that has grown to over 250 restaurants in 9 states (Alabama, Arkansas, California, Mississippi, Ohio, Oregon, Tennessee, Washington, and Wisconsin). Pacific Bells was formed in 1986 and is based in Vancouver, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-14 Voyage Care

Lichfield, United Kingdom

Voyage Care provides specialist care and support to people with learning and physical difficulties, brain injuries, autism, and other complex needs across the UK. Voyage Care was founded in 1988 and is based in Lichfield, United Kingdom.

Sell -

Seller(S) 1

SELLER

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 75.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 83 of 89
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 23 of 28
State (Georgia) 1 of 1
Country (United States) 18 of 19
Year (2021) 8 of 8
Size (of disclosed) 12 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 McAfee

San Jose, California, United States

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was formed in 1987 and is based in San Jose, California.

Buy $14.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Sysdig

San Francisco, California, United States

Sysdig is an operator of the SaaS platform, built on an open-source stack that includes Falco and system OSS, the open standards for runtime threat detection and response. Hundreds of companies rely on Sysdig for container and cloud security and visibility. Sysdig is based in San Francisco, California.

Buy -