M&A Deal Summary

Trinity Investors and Oaktree Capital Management Acquire Hyatt

On April 4, 2022, private equity firm Trinity Investors and asset manager Oaktree Capital Management acquired leisure company Hyatt

Acquisition Highlights
  • This is Trinity Investors’ 1st and Oaktree Capital Management’s 1st transaction in the Leisure sector.
  • This is Trinity Investors’ 17th and Oaktree Capital Management’s 70th transaction in the United States.
  • This is Trinity Investors’ 1st and Oaktree Capital Management’s 15th transaction in California.

M&A Deal Summary

Date 2022-04-04
Target Hyatt
Sector Leisure
Buyer(s) Trinity Investors
Oaktree Capital Management
Deal Type Joint Venture

Target

Hyatt

Indian Wells, California, United States
Hyatt is a 530-key hotel located in the Greater Palm Springs area, one of the top drive-to resort markets in the country. Hyatt is based in Indian Wells, California.

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Buyer(S) 2

DESCRIPTION

Trinity Investors is a private equity firm focused on direct investments in real estate and operating companies. Trinity Investors was formed in 2006 and is headquartered in Southlake, Texas.


DEAL STATS #
Overall 18 of 19
Sector (Leisure) 1 of 1
Type (Joint Venture) 1 of 1
State (California) 1 of 2
Country (United States) 17 of 18
Year (2022) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 CGA Holdings

Boca Raton, Florida, United States

CGA Holdings is a home health platform serving South Florida. Its operating subsidiaries include six nurse registries and three home health agencies with a combined 140 years of local ownership and exceptional patient care. CGA Holdings is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 WePackItAll

Duarte, California, United States

WePackItAll is a premier supplier of contract packaging, filling, fulfillment, and warehousing services to leading brands in the nutraceutical, dietary supplements, food & beverage, and health & beauty sectors. WPIA’s primary packaging solutions include stick packs, sachets, gummy bottles, powder / tablet bottles, and multipacks. WePackItAll was founded in 1974 and is based in Duarte, California.

Buy -
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 110 of 121
Sector (Leisure) 1 of 1
Type (Joint Venture) 3 of 3
State (California) 15 of 16
Country (United States) 70 of 78
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-30 ITG Communications

Hendersonville, Texas, United States

ITG Communications is a provider of fulfillment, construction and project management services to the cable and telecommunications industries. ITG Communications was founded in 2013 and is based in Hendersonville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-21 Ascot Lloyd

Reading, United Kingdom

Ascot Lloyd is an independently-owned IFA firm that provides financial planning, wealth management, and corporate benefit solutions through over 130 IFAs serving more than 20,000 core clients. Ascot Lloyd was founded in 2003 and is based in Reading, United Kingdom.

Sell -