M&A Deal Summary

StepStone Private Equity Acquires a&o hostel

On November 10, 2023, private equity firm StepStone Private Equity acquired leisure company a&o hostel from TPG

Acquisition Highlights
  • This is StepStone Private Equity’s 1st transaction in the Leisure sector.
  • This is StepStone Private Equity’s 1st transaction in Germany.

M&A Deal Summary

Date 2023-11-10
Target a&o hostel
Sector Leisure
Buyer(s) StepStone Private Equity
Sellers(s) TPG
Deal Type Secondary Buyout

Target

a&o hostel

Berlin, Germany
a&o hostel is the largest fully integrated, privately-owned budget hotel and hostel platform in Europe. a&o hostel was founded in 2000 and is based in Berlin, Germany.

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Buyer(S) 1

DESCRIPTION

StepStone Private Equity is the private equity arm of StepStone Global, a global alternative investment and asset management firm. StepStone Private Equity manages and makes fund investments as well as co-invests in direct opportunities spanning buyout, venture, distressed, private debt, and energy. StepStone Private Equity is based in La Jolla, California.


DEAL STATS #
Overall 6 of 6
Sector (Leisure) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Germany) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Strata Fund Solutions

Salt Lake City, Utah, United States

Strata Fund Solutions is a full-service administration company providing high-quality administration and consulting services to the alternative investments industry. Strata Fund's focus is on unparalleled service to hedge funds, private equity funds, funds of funds, and managed accounts. Strata Fund Solutions was founded in 2008 and is based in Salt Lake City, Utah.

Sell -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 260 of 267
Sector (Leisure) 3 of 3
Type (Secondary Buyout) 35 of 36
Country (Germany) 6 of 6
Year (2023) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 AmSpec

Cranbury, New Jersey, United States

AmSpec is a provider of testing, inspection and certification services for petroleum traders and refiners. AmSpec has independently and accurately analyzed and measured petroleum and petrochemical products throughout the US, Caribbean, Latin America and around the world. AmSpec was founded in 1986 and is based in Cranbury, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Outcomes First Group

Bolton, United Kingdom

Outcomes First Group is a specialist provider of education and therapeutic care. The Group’s specialist education and therapeutic care services are provided by its nationwide teams, under the brands Acorn Education and Care and Options Autism. Outcomes First Group is based in Bolton, United Kingdom.

Buy -