M&A Deal Summary

TwinSpires Acquires United Tote

On February 10, 2006, TwinSpires acquired technology hardware company United Tote from Kinderhook Industries

Acquisition Highlights
  • This is TwinSpires’ 1st transaction in the Technology Hardware sector.
  • This is TwinSpires’ 1st transaction in the United States.
  • This is TwinSpires’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2006-02-10
Target United Tote
Sector Technology Hardware
Buyer(s) TwinSpires
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition

Target

United Tote

Louisville, Kentucky, United States
United Tote Corporation is a worldwide designer, manufacturer, supplier and service provider of computerized systems for the pari-mutuel racing industry, which includes thoroughbred, harness and greyhound racetracks, jai alai frontons, and off-track betting facilities.

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Buyer(S) 1

Buyer

TwinSpires

Lexington, Kentucky, United States
Category Company
Founded 1987
Sector Business Services
DESCRIPTION

TwinSpires is the Official online wagering site of Churchill Downs and the Kentucky Derby, players are able to wager on virtually every Thoroughbred, Harness and Quarter Horse race from venues across the globe.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 3 of 41
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 33
State (Kentucky) 1 of 1
Country (United States) 2 of 40
Year (2006) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 VCST Industrial Products N.V.

St.-Truiden, Belgium

VCST Industrial Products N.V. is a designer and producer of precision gears for engines and transmissions, transmission shafts and brake system components, for cars, trucks as well as off-road vehicles.

Sell €161M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-21 Longevity Alliance

Chandler, Arizona, United States

Longevity Alliance is an insurance marketing services organization designed to appeal to people age 60 and above who recognize the financial challenges and lifestyle opportunities that come with ever-increasing life expectancies.

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