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M&A Deal Summary

SSB Acquires Simmons

On September 28, 2018, SSB acquired consumer products company Simmons from Ontario Teachers Pension Plan and Ares Private Equity Group

Acquisition Highlights
  • This is SSB’s 1st transaction in the Consumer Products sector.
  • This is SSB’s 1st transaction in the United States.
  • This is SSB’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-09-28
Target Simmons
Sector Consumer Products
Buyer(s) SSB
Sellers(s) Ontario Teachers Pension Plan
Ares Private Equity Group
Deal Type Merger

Target

Simmons

Atlanta, Georgia, United States
Simmons is the second-largest bedding manufacturer in the United States and a world leader in pocketed coil spring technology. Simmons mattresses are distributed under renowned brand names such as Beautyrest and BackCare.

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Buyer(S) 1

Buyer

SSB

Doraville, Georgia, United States
Category Company
Founded 2010
Sector Consumer Products
DESCRIPTION

SSB engages in designing, manufacturing and selling sleep products that give consumers the sleep they need to live the lives they want. Serta Simmons primary brands include Serta, Beautyrest, Simmons, and Tuft & Needle brands. SSB was founded in 2010 and is based in Doraville, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Merger) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 2

SELLER

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 39 of 75
Sector (Consumer Products) 6 of 8
Type (Merger) 3 of 3
State (Georgia) 4 of 5
Country (United States) 21 of 40
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 Zuoyebang

Guangzhou, China

Zuoyebang is the largest online K-12 platform in China. It allows students to take a picture of their questions, search for answers and seek mentoring. Zuoyebang is based in Guangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-26 Epic Games

Cary, North Carolina, United States

Epic Games is a publisher of interactive games and developer of the software platforms used for game development and high-end graphics rendering. Epic Games was founded in 1991 and is based in Cary, North Carolina.

Buy -
SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 33 of 59
Sector (Consumer Products) 4 of 8
Type (Merger) 1 of 1
State (Georgia) 3 of 4
Country (United States) 27 of 47
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 WPX Energy - Van Hook Gathering System

Williston Basin, North Dakota, United States

WPX Energy's Van Hook Gathering System consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas. WPX Energy's Van Hook Gathering System is based in Williston Basin, North Dakota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Ryan

Dallas, Texas, United States

Ryan is a provider of state, local, federal, and international tax advisory and consulting services. Services include audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan was formed in 1991 and is based in Dallas, Texas.

Buy -
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