M&A Deal Summary |
|
|---|---|
| Date | 2015-04-29 |
| Target | MedOptions |
| Sector | Healthcare Services |
| Buyer(s) |
Summit Partners
HarbourVest Partners |
| Sellers(s) | Housatonic Partners |
| Deal Type | Secondary Buyout |
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| Category | Growth Capital Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 39.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 275 of 386 |
| Sector (Healthcare Services) | 29 of 41 |
| Type (Secondary Buyout) | 13 of 27 |
| State (Connecticut) | 2 of 2 |
| Country (United States) | 244 of 319 |
| Year (2015) | 4 of 15 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-02 |
Dentalpro
Milan, Italy Dentalpro owns and operates an Italian network of dental clinics that offer a wide range of high-quality dental services from general dentistry to more sophisticated procedures in convenient and modern settings. DentalPro provides top-tier practice management support to dentists, allowing them to focus on delivering care. Dentalpro was founded in 2010 and is based in Milan, Italy. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-13 |
Tivoli Audio
Boston, Massachusetts, United States Tivoli Audio is a manufacturer of audio products for the consumer market. Tivoli Audio's highly-acclaimed audio products include the Model One AM/FM Table Radio, the PAL/iPAL, a portable audio solution, the Model 10, a compact digital clock radio, and a suite of Bluetooth-enabled products including the PAL BT, Model One BT, and Albergo. Tivoli Audio was founded in 2000 and is based in Boston, Massachusetts. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1978 |
| PE ASSETS | 86.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.
| DEAL STATS | # |
|---|---|
| Overall | 131 of 223 |
| Sector (Healthcare Services) | 9 of 13 |
| Type (Secondary Buyout) | 25 of 55 |
| State (Connecticut) | 3 of 5 |
| Country (United States) | 82 of 134 |
| Year (2015) | 5 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-04-24 |
Riverbed
San Francisco, California, United States Riverbed is a provider of software for mobile computing applications services. Riverbed delivers application performance for the globally connected enterprise. It helps clients in implementing strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery. Riverbed was founded in 2002 and is based in San Francisco, California. |
Buy | $3.5B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-01 |
Fundtech
Jersey City, New Hampshire, United States Fundtech Ltd. is a provider of transaction banking software and services to financial institutions and corporations worldwide. The Company offers SaaS and license-based solutions which facilitate electronic corporate payments and bank-to-bank payment transactions. |
Sell | $1.3B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 1.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Housatonic Partners is a private equity firm focused on investing in growing, profitable companies with a preference for businesses generating recurring revenues. Target sectors include services, media, and communications. Housatonic looks to commit $10 to $30 million per transaction to support buyouts and recapitalizations. Prospective companies generally have high gross margins and moderate capital intensity. Housatonic was formed in 1994 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 31 of 44 |
| Sector (Healthcare Services) | 3 of 4 |
| Type (Secondary Buyout) | 8 of 13 |
| State (Connecticut) | 1 of 2 |
| Country (United States) | 31 of 42 |
| Year (2015) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-01 |
Liberty Towers
Rohrersville, Maryland, United States Liberty Towers provides maintenance and repairs, inspections and installations of flare and combustion equipment. The Company’s customer base consists of refineries, chemical plants, midstream terminals, and other industrial facilities in the Gulf region. Liberty is a platform investment in the niche services sector targeting the downstream and midstream energy and industrial sectors nationwide. Liberty Towers was formed in 2006 and is based in Rohrersville, Maryland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-01 |
Learner s Digest International
Glendale, California, United States Learner's Digest International LLC is a provider of independent continuing medical education (CME) to physicians in the U.S. |
Sell | $150M |
