1. Home >
  2. M&A >
  3. Going Private >
  4. Germany >
  5. Paulson & Co. Acquires Steinway & Sons

M&A Deal Summary

Paulson & Co. Acquires Steinway & Sons

On August 14, 2013, hedge fund Paulson & Co. acquired consumer products company Steinway & Sons for 512M USD

Acquisition Highlights
  • This is Paulson & Co.’s 1st transaction in the Consumer Products sector.
  • This is Paulson & Co.’s 2nd largest (disclosed) transaction.
  • This is Paulson & Co.’s 1st transaction in Germany.

M&A Deal Summary
Date 2013-08-14
Target Steinway & Sons
Sector Consumer Products
Buyer(s) Paulson & Co.
Deal Type Going Private
Deal Value 512M USD
Advisor(s) Allen & Company (Financial)
Skadden, Arps, Slate, Meagher & Flom
Gibson, Dunn & Crutcher (Legal)

Target

Steinway & Sons

Hamburg, Germany
Steinway & Sons is a designer and manufacturer of digital sound systems; and provides piano restoration services. Steinway sells its products through dealers. Steinway & Sons was founded in 1853 and is based in Hamburg, Germany.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Paulson & Co.

Category Hedge Fund
Founded 1994
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Paulson & Co. Inc. is a diversified investment management firm focused on a variety of strategies. Paulson & Co. Inc. was formed in 1994 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 3
Sector: Consumer Products M&A 1 of 1
Type: Going Private M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-08 Extended Stay America

Charlotte, North Carolina, United States

Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America was founded in 1995 and is headquartered in Charlotte, North Carolina.

Buy $3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-13 Extended Stay America

Charlotte, North Carolina, United States

Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America was founded in 1995 and is headquartered in Charlotte, North Carolina.

Sell -
Mergr

Solution for

Product

Company

Legal