M&A Deal Summary

TPG Acquires Classic Collision

On April 3, 2024, private equity firm TPG acquired automotive company Classic Collision from New Mountain Capital

Acquisition Highlights
  • This is TPG’s 3rd transaction in the Automotive sector.
  • This is TPG’s 273rd transaction in the United States.
  • This is TPG’s 10th transaction in Georgia.

M&A Deal Summary

Date 2024-04-03
Target Classic Collision
Sector Automotive
Buyer(s) TPG
Sellers(s) New Mountain Capital
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Classic Collision

Atlanta, Georgia, United States
Classic Collision is a provider of quality auto body repairs with properly trained technicians and the appropriate equipment. Classic Collision was founded in 1983 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 416 of 421
Sector (Automotive) 3 of 3
Type (Secondary Buyout) 70 of 72
State (Georgia) 10 of 10
Country (United States) 273 of 276
Year (2024) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 Jana Bank

Bengaluru, India

Jana Bank is a non-banking financial services company that provides micro-loans to the urban poor, under a joint liability group model. Jana Bank also offers savings, pension, insurance products as well. Jana Bank was founded in 2006 and is based in Bengaluru, India.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-22 Beautycounter

Santa Monica, California, United States

Beautycounter is a disruptive beauty brand that develops and sells highly effective skincare, body, and hair products and cosmetics. Beautycounter was founded in 2013 and is based in Santa Monica, California.

Sell -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 45 of 45
Sector (Automotive) 1 of 1
Type (Secondary Buyout) 11 of 11
State (Georgia) 3 of 3
Country (United States) 42 of 42
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Rawlings

La Grange, Kentucky, United States

Rawlings is a technology-enabled coverage analytics provider that delivers savings for its health insurance clients by identifying liable third parties responsible for paying medical claims across its subrogation, coordination of benefits, and drug claim payment integrity offerings. Rawlings was formed in 1977 and is based in La Grange, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 CONSOR Engineers

Chicago, Illinois, United States

CONSOR Engineers is a transportation and infrastructure engineering firm providing services in planning and design, structural assessment, and construction services. CONSOR Engineers is based in Chicago, Illinois.

Buy -