M&A Deal Summary

TowerBrook Capital Partners Acquires Berkeley Research Group

On February 27, 2025, private equity firm TowerBrook Capital Partners acquired business services company Berkeley Research Group from Endeavour Capital

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 14th transaction in the Business Services sector.
  • This is TowerBrook Capital Partners’ 44th transaction in the United States.
  • This is TowerBrook Capital Partners’ 6th transaction in California.

M&A Deal Summary

Date 2025-02-27
Target Berkeley Research Group
Sector Business Services
Buyer(s) TowerBrook Capital Partners
Sellers(s) Endeavour Capital
Deal Type Secondary Buyout
Advisor(s) J.P. Morgan Securities
American Discovery Capital LLC (Financial)
Kirkland & Ellis (Legal)

Target

Berkeley Research Group

Emeryville, California, United States
Berkeley Research Group is a global strategic advisory and expert consulting firm that provides independent advice, data analytics, authoritative studies, expert testimony, investigations, and strategic advisory services to corporations, financial institutions, government agencies, law firms, and regulatory bodies around the world. Berkeley Research Group was founded in 2010 and is based in Emeryville, California.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 100 of 100
Sector (Business Services) 14 of 14
Type (Secondary Buyout) 29 of 29
State (California) 6 of 6
Country (United States) 44 of 44
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-03 The Learning Network

Kampen, Netherlands

The Learning Network is a provider of value-added content and services to schools and higher education institutions in the Netherlands. The company sells, leases and distributes educational materials (both physical books and digital content) to over 780 educational institutions and 1.3 million students in the Benelux region. The Learning Network is based in Kampen, Netherlands.

Sell -

Seller(S) 1

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


DEAL STATS #
Overall 33 of 33
Sector (Business Services) 3 of 3
Type (Secondary Buyout) 11 of 11
State (California) 8 of 8
Country (United States) 32 of 32
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 CTC Global

Irvine, Georgia, United States

CTC Global develops, tests, and produces the composite core used in ACCC Bare Overhead Conductors. The ACCC Conductor, produced in association with 35 international stranding partners, leverages advanced carbon fiber technology to help improve the efficiency, capacity, reliability, and resiliency of electric power grids worldwide. The ACCC Conductor offers greater strength, higher capacity, and lower line losses compared to any other bare overhead conductor on the market today. CTC Global is based in Irvine, Georgia.

Buy -