M&A Deal Summary

TPG Acquires HALO

On May 17, 2018, private equity firm TPG acquired marketing company HALO from Audax Private Equity

Acquisition Highlights
  • This is TPG’s 2nd transaction in the Marketing sector.
  • This is TPG’s 216th transaction in the United States.
  • This is TPG’s 7th transaction in Illinois.

M&A Deal Summary
Date 2018-05-17
Target HALO
Sector Marketing
Buyer(s) TPG
Sellers(s) Audax Private Equity
Deal Type Secondary Buyout

Target

HALO

Sterling, Illinois, United States
HALO is a marketing services platform that distributes promotional products and provides employee recognition services. HALO was founded in 1952 and is headquartered in Sterling, Illinois.

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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 325 of 421
Sector (Marketing) 2 of 3
Type (Secondary Buyout) 47 of 72
State (Illinois) 7 of 10
Country (United States) 216 of 276
Year (2018) 15 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 GreenSky

Atlanta, Georgia, United States

GreenSky is a technology company powering commerce at the point of sale for a growing ecosystem of merchants, consumers, and banks. The company's highly scalable, proprietary, and patented technology platform enables merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky’s technology to provide loans to super-prime and prime consumers nationwide. GreenSky was formed in 2006 and is based in Atlanta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-22 Vishal Mega Mart

Gurugram, India

Vishal Mega Mart has a network of over 420 franchisee operated stores across India in over 200 cities. Vishal combines a private label, fast-fashion apparel offering with a variety of general merchandise and food & grocery products. Vishal Mega Mart was founded in 2001 and is based in Gurugram, India.

Sell -

Seller(S) 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 62 of 102
Sector (Marketing) 2 of 2
Type (Secondary Buyout) 32 of 55
State (Illinois) 5 of 8
Country (United States) 60 of 97
Year (2018) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 Senneca Holdings

West Chester, Ohio, United States

Senneca Holdings is a manufacturer and distributor of customized doors, including traffic, corrosion resistant, PVC, strip, cold storage, fire and sliding doors. Senneca offers superior design and engineering processes, and supports the development of green product innovations. Senneca Holdings’ family of brands includes Chase, Chem-Pruf, ColdGuard, Econo Max, Eliason, Fib-R-Dor, Saino, and Simon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Revolution Dancewear

Niles, Illinois, United States

Revolution Dancewear is a designer and marketer of specialty dancewear, footwear, and recital costumes. Revolution Dancewear was founded in 1996 and is based in Niles, Illinois.

Buy -
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