Investment Summary

Trilantic North America Invests In Highgate

On October 8, 2014, private equity firm Trilantic North America invested in leisure company Highgate

Investment Highlights
  • This is Trilantic North America’s 1st transaction in the Leisure sector.
  • This is Trilantic North America’s 22nd transaction in the United States.
  • This is Trilantic North America’s 2nd transaction in New York.

Investment Summary

Date 2014-10-08
Target Highgate
Sector Leisure
Investor(s) Trilantic North America
Deal Type Stake Purchase
Advisor(s) Moelis & Co. (Financial)

Target

Highgate

New York, New York, United States
Highgate is a premier operator of hotels. Highgate manages approximately 60 hotel properties and has a significant presence as an operator of full-service hotels in several major markets including Honolulu, Miami, San Francisco and Boston and is the largest operator of hotels in New York City. Headquartered in New York City, Highgate has additional offices in Dallas, Seattle and London.

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Investor(S) 1

Investor

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 23 of 55
Sector: Leisure M&A 1 of 1
Type: Stake Purchase M&A Deals 6 of 9
State: New York M&A 2 of 4
Country: United States M&A 22 of 53
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 VantaCore Partners

Philadelphia, Pennsylvania, United States

VantaCore Partners LLC is a producer of crushed stone, sand, and gravel for infrastructure, energy, commercial, residential, and other markets. VantaCore Partners is based in Philadelphia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-30 Implus

Durham, North Carolina, United States

Implus designs, markets and distributes insoles, foot care devices, traction devices, socks, shoe care products and shoe laces under four primary brand names (Sof Sole, AirPlus, Sof Comfort, Yaktrax and Sneakerballs) and several private-label brands. Implus was founded in 1988 and is based in Durham, North Carolina.

Sell -