M&A Deal Summary

TELUS Acquires Fully Managed

On February 10, 2022, TELUS acquired information technology company Fully Managed from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is TELUS’s 5th transaction in the Information Technology sector.
  • This is TELUS’s 17th transaction in Canada.
  • This is TELUS’s 9th transaction in Ontario.

M&A Deal Summary
Date 2022-02-10
Target Fully Managed
Sector Information Technology
Buyer(s) TELUS
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

Fully Managed

Ottawa, Ontario, Canada
Fully Managed is an Information Technology support, management, consulting, cloud and voice services to businesses and non-profit organizations. Fully Managed was founded in 2002 and is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

TELUS

Vancouver, British Columbia, Canada
Category Company
Founded 1993
Sector Communications
Employees106,400
Revenue 20.0B CAD (2023)
DESCRIPTION

Telus is a Canadian telecommunications company that provides a range of telecommunications products and services including internet access, voice, entertainment, healthcare, video, and satellite television. TELUS was founded in 1993 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 19 of 20
Sector (Information Technology) 5 of 5
Type (Add-on Acquisition) 18 of 19
State (Ontario) 9 of 10
Country (Canada) 17 of 18
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Blacksmith Applications

Lawrence, Massachusetts, United States

Blacksmith Applications is a provider of trade promotion and pricing management software solutions to consumer product companies in the retail, food service, and convenience store markets. Blacksmith Applications is based in Lawrence, Massachusetts.

Buy $275M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-16 LifeWorks

Toronto, Ontario, Canada

LifeWorks is a provider of digital and in-person solutions that support the total well-being of individuals. LifeWorks deliver a personalized continuum of care that helps clients improve the lives of their people and by doing so, improve their business. LifeWorks was founded in 1966 and is headquartered in Toronto, Ontario.

Buy CA$2.9B

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.

DEAL STATS #
Overall 80 of 85
Sector (Information Technology) 6 of 6
Type (Add-on Acquisition) 32 of 34
State (Ontario) 3 of 3
Country (Canada) 11 of 12
Year (2022) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Munch s Supply

Hillside, Illinois, United States

Munch's Supply is an HVAC distributor and third-generation family business focused exclusively on supplying heating and cooling industry contractors with quality products. Munch's Supply was founded in 1956 and is based in Hillside, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-05 myKaarma

Long Beach, California, United States

myKaarma is a rapidly growing, end-to-end SaaS platform for franchise automotive dealership service lanes. myKaarma’s unified solution includes an integrated suite of scheduling, interaction, communication, and payment tools that encompass the entire repair process, thereby driving efficiencies for dealer service lanes as well as improved experiences for vehicle owners. myKaarma was founded in 2012 and is based in Long Beach California.

Sell -
Mergr

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