M&A Deal Summary

TPG and Sabra Health Care REIT Acquire Enlivant

On July 11, 2013, private equity firm TPG and Sabra Health Care REIT acquired consumer services company Enlivant

Acquisition Highlights
  • This is TPG’s 1st and Sabra Health Care REIT’s 1st transaction in the Consumer Services sector.
  • This is TPG’s 147th and Sabra Health Care REIT’s 2nd transaction in the United States.
  • This is TPG’s 5th and Sabra Health Care REIT’s 1st transaction in Illinois.

M&A Deal Summary

Date 2013-07-11
Target Enlivant
Sector Consumer Services
Buyer(s) TPG
Sabra Health Care REIT
Deal Type Joint Venture

Target

Enlivant

Chicago, Illinois, United States
Enlivant owns and/or operates more than 200 assisted living residences comprising more than 9,000 resident units across the United States. Enlivant was founded in 1981 and is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B 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 215 of 451
Sector: Consumer Services M&A 1 of 8
Type: Joint Venture M&A Deals 1 of 4
State: Illinois M&A 5 of 10
Country: United States M&A 147 of 298
Year: 2013 M&A 17 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-10 Tes Global

Sheffield, United Kingdom

Tes Global is an international provider of software services to make life easier for schools and teachers. All products and services are built with teachers and schools needs at the core, ensuring they are innovative, trusted education solutions. Tes Global products play a critical role helping teachers and school leaders deal with the challenges of teaching, including safeguarding and compliance, smart pupil management, and staff management. This dedication and focus supports educators across the globe in providing high quality education to millions of children using smart, flexible, and cost-effective solutions. A global Company, Tes Global was formed in 1910 and is based in Sheffield, United Kingdom.

Buy £400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-29 Marshall & Swift/Boeckh

Los Angeles, California, United States

Marshall & Swift/Boeckh, LLC provides building cost information, residential and commercial property valuation solutions.

Sell -
Buyer

Sabra Health Care REIT

Tustin, California, United States

Category Company
Sector Real Estate
Employees48
Revenue 703M USD (2024)
DESCRIPTION

Sabra Health Care REIT is a self-administered, self-managed real estate investment trust that through its subsidiaries, owns and invests in real estate serving the healthcare industry. Sabra Health Care REIT is based in Tustin, California.


DEAL STATS #
Overall 2 of 3
Sector: Consumer Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Encore Portfolio Acquisition

Texas, United States

Encore Portfolio Acquisition includes tow skilled nursing facilities located in Texas.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 Holiday Acquisition - 21 independent living facilities

United States

Holiday Acquisition - 21 independent living facilities provides for senior citizens in US.

Buy $550M