M&A Deal Summary |
|
|---|---|
| Date | 2014-04-14 |
| Target | Nuveen Investments |
| Sector | Financial Services |
| Buyer(s) | Teachers Insurance and Annuity Association of America |
| Sellers(s) |
Ridgemont Equity Partners
Madison Dearborn Partners HarbourVest Partners aPriori Capital Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 6.3B USD |
| Advisor(s) | BofA Securities Wells Fargo Securities Citigroup Investment Banking Moelis & Co. (Financial) |
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| Category | Company |
|---|---|
| Sector | Financial Services |
Teachers Insurance and Annuity Association of America (TIAA) is a provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $861 billion in assets under management and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Financial Services) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 4 |
| State (Illinois) | 1 of 1 |
| Country (United States) | 1 of 4 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-30 |
MyVest
San Francisco, California, United States MyVest Corp.is a provider of wealth management technology for financial institutions. MyVest's core offering is the Strategic Portfolio System™ (SPS), a cloud-based platform that enables client-centric wealth management across the entire enterprise in a single, unified system. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 62 of 91 |
| Sector (Financial Services) | 3 of 3 |
| Type (Add-on Acquisition) | 23 of 36 |
| State (Illinois) | 3 of 5 |
| Country (United States) | 52 of 80 |
| Year (2014) | 2 of 9 |
| Size (of disclosed) | 2 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-21 |
Wilton Re Holdings
Norwalk, Connecticut, United States Wilton Re Holdings Limited provides traditional life reinsurance and insurance Run Off Solutions through its wholly owned operating subsidiaries, Wilton Reassurance Company, Wilton Reinsurance Bermuda Limited, and Wilton Reassurance Life Company of New York. |
Sell | $1.8B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-13 |
Johnstown Wire Technologies
Johnstown, Pennsylvania, United States Johnstown Wire Technologies, Inc. is a manufacturer of high performance steel fasteners used in the automobile industry. It offers aluminized wires, cleaned and coated rods, cold heading quality wires, direct drawn wires, and plated wire and rods. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 28.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 47 of 74 |
| Sector (Financial Services) | 5 of 5 |
| Type (Add-on Acquisition) | 17 of 34 |
| State (Illinois) | 7 of 11 |
| Country (United States) | 43 of 66 |
| Year (2014) | 3 of 6 |
| Size (of disclosed) | 3 of 27 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-01 |
LGS Innovations
Herndon, Virginia, United States LGS Innovations LLC is a technology company delivering mission-critical communications products, R&D, and supporting services to U.S. defense, intelligence, and civilian agencies and commercial customers around the world. We create advanced solutions in wireless communications, signals processing, and analysis, optical networking, photonics, routing and switching, and spectrum management. These solutions drive mission success in Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR), cyberspace operations, and network assurance. LGS Innovations is headquartered in Herndon, Virginia, with offices across the U.S. and overseas. |
Buy | $200M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-01 |
Centennial Towers
São Paulo, Brazil Centennial Towers is a developer, owner, and operator of wireless communications towers in Latin America, with current operations in Mexico consisting of approximately 800 towers. Centennial Towers is based in São Paulo, Brazil. |
Buy | - |
| 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 | 47 of 132 |
| Sector (Financial Services) | 3 of 7 |
| Type (Add-on Acquisition) | 15 of 57 |
| State (Illinois) | 4 of 4 |
| Country (United States) | 27 of 83 |
| Year (2014) | 3 of 14 |
| Size (of disclosed) | 5 of 39 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-07 |
ABILITY Network
Minneapolis, Minnesota, United States ABILITY Network, Inc. is a information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. ABILITY is headquartered in Minneapolis with principal offices in Boston and Tampa. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-05 |
Orange Valley Nursing Homes
Singapore, Singapore Orange Valley Nursing Homes is a provider of quality nursing care in Singapore. Orange Valley Nursing Homes was founded in 1993 and is based in Singapore. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 2.0B USD |
| Size | Large |
| Type | Sector Agnostic |
aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 51 |
| Sector (Financial Services) | 4 of 5 |
| Type (Add-on Acquisition) | 19 of 22 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 32 of 38 |
| Year (2014) | 1 of 4 |
| Size (of disclosed) | 3 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-09-26 |
Grohe Deutschland Vertriebs
Deutschland, Germany Grohe Deutschland Vertriebs GmbH is a manufacturers of sanitary fittings (taps, faucets and showers), offering a broad range of products for handling water in bathrooms and kitchens. |
Sell | $4.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-01 |
Enduring Resources II
Denver, Colorado, United States Enduring Resources II LLC is focused on pursuing a diverse portfolio of acquisition and exploitation opportunities in central onshore U.S. basins. Enduring Resources II was founded in 2011 and is based in Denver, Colorado. |
Sell | $2.5B |
