M&A Deal Summary |
|
|---|---|
| Date | 2019-07-31 |
| Target | Wealth Enhancement Group |
| Sector | Financial Services |
| Buyer(s) |
TA Associates
Onex Partners |
| Sellers(s) | Lightyear Capital |
| Deal Type | Secondary Buyout |
| Advisor(s) | Raymond James - Investment Banking (Financial) Goodwin Procter (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1968 |
| PE ASSETS | 65.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 294 of 364 |
| Sector (Financial Services) | 45 of 51 |
| Type (Secondary Buyout) | 44 of 69 |
| State (Minnesota) | 4 of 5 |
| Country (United States) | 226 of 263 |
| Year (2019) | 10 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-31 |
Aldevron
Fargo, North Dakota, United States Aldevron serves the biotechnology industry with the custom production of nucleic acids, proteins, and antibodies. Thousands of clients use Aldevron-produced plasmids, RNA, and gene editing enzymes for projects ranging from discovery research to clinical trials to commercial applications. These products are critical raw materials and key components in commercially available drugs and medical devices. Aldevron was founded in 1998 and is based in Fargo, North Dakota. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-26 |
Gong Cha Group
Kaohsiung City, Taiwan Gong Cha Group is a provider of premium quality bubble and milk tea, sourcing product from select Taiwanese tea estates and offering customers freshly brewed tea every four hours. Gong Cha Group was founded in 2006 and is based in Kaohsiung City, Taiwan. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 23.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 52 of 58 |
| Sector (Financial Services) | 1 of 1 |
| Type (Secondary Buyout) | 13 of 16 |
| State (Minnesota) | 2 of 2 |
| Country (United States) | 39 of 42 |
| Year (2019) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-08 |
York Risk Services Group
Parsippany, New Jersey, United States York Risk Services Group is a provider of customized claims management, managed care, risk management, pool administration, and specialized loss adjusting services to markets including public entities, programs, carriers and all types of self-insureds. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-19 |
Jack s
Homewood, Alabama, United States Jack's is an operator of quick-service restaurants specializing in burgers, fried chicken, made-from-scratch biscuits, crinkle-cut fries, and hand-dipped shakes. Jack's was founded in 1960 and is based in Homewood, Alabama. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 4.1B USD |
| Size | Large |
| Type | Sector Focused |
Lightyear Capital is a specialist private equity firm that pursues brand-name businesses in the financial services sector. Lightyear looks for companies with stable, recurring revenues that operate in growing markets. Transaction strategies include leveraged buyouts, recapitalizations, restructurings and consolidations. Lightyear Capital was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 30 |
| Sector (Financial Services) | 11 of 13 |
| Type (Secondary Buyout) | 6 of 7 |
| State (Minnesota) | 2 of 2 |
| Country (United States) | 20 of 24 |
| Year (2019) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-27 |
Lendmark Financial Services
Lawrenceville, Georgia, United States Lendmark Financial Services is a consumer finance company specializing in providing a variety of personal loans, automobile loans, and retail merchant sales finance services. Lendmark Financial Services was founded in 1996 and is based in Lawrenceville, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Vehlo
Knoxville, Tennessee, United States Vehlo is a provider of software and financial solutions for the automotive repair industry. Its product suite consists of everything the modern auto service provider needs to deliver an excellent customer experience and run a profitable business. Vehlo is based in Knoxville, Tennessee. |
Buy | - |
