M&A Deal Summary

Sleeping Bear Capital and Berggruen Holdings Acquire Phenomenon

On July 24, 2019, private equity firms Sleeping Bear Capital and Berggruen Holdings acquired business services company Phenomenon

Acquisition Highlights
  • This is Sleeping Bear Capital’s 1st and Berggruen Holdings’ 3rd transaction in the Business Services sector.
  • This is Sleeping Bear Capital’s 2nd and Berggruen Holdings’ 4th transaction in the United States.
  • This is Sleeping Bear Capital’s 1st and Berggruen Holdings’ 1st transaction in California.

M&A Deal Summary

Date 2019-07-24
Target Phenomenon
Sector Business Services
Buyer(s) Sleeping Bear Capital
Berggruen Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Phenomenon

Los Angeles, California, United States
Human Standard is a business transformation agency offering strategic deep expertise across a range of disciplines: business & strategic consulting, creative, design, innovation, products & services and communications. Human Standard was founded in 2006 and is based in Los Angeles, California.

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Buyer(S) 2

DESCRIPTION

Sleeping Bear Capital is a private equity firm focused on acquiring non-core divestitures as well as venture-backed technology, e-commerce, and business services companies seeking founder or investor liquidit. Sleeping Bear Capital was formed in 2018 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Adaptive Energy

Ann Arbor, Michigan, United States

Adaptive Energy is a designer and manufacturer of solid oxide fuel cells for backup and portable power applications. Located in Adaptive Energy originating from technology commercialized out of the University of Michigan. Adaptive Energy was founded in 1999 and is based in Ann Arbor, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-08 Venice Longboards

Scottsdale, Arizona, United States

Venice Longboards is a skateboarding e-commerce and lifestyle brand that specializes in electric longboards. Venice Longboards is based in Scottsdale, Arizona.

Buy -
Buyer

Berggruen Holdings

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Berggruen Holdings, Inc. is a private holding company that seeks investments in private equity, real estate, alternative energy, stocks and bonds, hedge funds, and other private equity funds. Berggruen's direct private equity group targets investments in mid-market, cash-flow positive businesses operating in a wide variety of industries. The Firm can invest up to $200 million per transaction and will consider opportunities in the US, Europe, Asia, and other emerging markets. Berggruen Holdings looks to partner with management teams when pursuing opportunities. Berggruen Holdings, Inc. was established in 1986 and has offices in New York, Los Angeles, London, Berlin, Tel Aviv, Mumbai, and Istanbul.


DEAL STATS #
Overall 14 of 14
Sector: Business Services M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 8
State: California M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-05 TLC Companies

Brooklyn Center, Minnesota, United States

TLC Companies provides transportation industries workers' compensation and risk management solutions. The TLC Companies has been able to leverage our 25+ years of experience in risk management and transportation services to our clients resulting in lower operating costs. TLC Companies was founded in 1985 and is based in Brooklyn, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 Keys Hotels

Mumbai, India

Keys Hotels are present in 16 cities including Aurangabad, Bengaluru, Calicut, Chennai, Goa, Gurugram, Kochi, Kolhapur, Ludhiana, Mahabaleshwar, Manali, Mumbai, Pune, Port Blair, Trivandrum, and Vishakapatnam. Keys Hotels was founded in 2006 and is based in Mumbai, India.

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